The first cracks appeared to be purely financial as even Chinese officials were giving public speeches warning of the potential risks beginning to pile up regarding its financials and the unforeseen debts accumulating by potential member nations (clients).
Now there appear to be political, rather geopolitical cracks as well thanks in large part to both Malaysia and India. India's prime minister Modi is extremely apprehensive about the project and its implications for India. Recently, the elections in Malaysia reveal a potential rift with China and the OBOR initiative. A historic election there similar to what we saw in America with Donald Trump's surprising victory has unearthed serious national security implications for Malaysia regarding its business dealings with China and the Chinese government. Any progress for the OBOR initiative in Malaysia's neck of the woods have been put on hold.
Add to this a growing push in the Philippines to protect itself from China's encroachment of its territorial waters in the South China Sea provide a glimmer of hope for South East Asian nations coming to their senses and uniting against the push from China.
Philippines foreign mininster said recently that the Philippines has drawn red lines in the waters surrounding its territorial claims and that China would be dealt with accordingly if it crossed those red lines. It also over the weekend revealed plans to militarize and update runways on some of its strategic islands in an area where China is trying to take over every rock and underwater reef it can get its hands on. These are good signs. We are looking for more.