China aims to make the Belt and Road initiative sustainable and prevent debt ris...
BEIJING - China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations.
The policy championed by Chinese President Xi Jinping has become mired in controversy, with some partner nations bemoaning the high cost of projects, though China has repeatedly said it is not seeking to trap anyone with debt. Finance minister Liu Kun, speaking at a forum to kick off a three-day Belt and Road summit in Beijing, said China will establish an analysis framework on debt sustainability for Belt and Road projects to “prevent and resolve debt risks”.
While most of the Belt and Road projects are continuing as planned, some have been caught up by changes in government in countries such as Malaysia and the Maldives.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China seeks to allay Belt and Road debt concernsChina aims to make the Belt and Road initiative sustainable and prevent debt ris...
Read more »
China aims to make Belt and Road sustainable, prevent debt risksChina aims to make the Belt and Road initiative sustainable and prevent debt ris...
Read more »
China to recalibrate Belt and Road, defend scheme against criticismChina is expected to promote a recalibrated version of its Belt and Road initiat...
Read more »
In nod to debt concerns, China Belt and Road summit to urge sustainable financingWorld leaders meeting in Beijing this week for a summit on China's Belt and...
Read more »
Belt and Road repairs fix only some potholesBeijing's gathering this week to promote its $1 trln-plus foreign policy push comes after a year of unprecedented troubles, from Pakistan to Malaysia. Under pressure, China has shown some welcome flexibility. But U.S. hostility is ramping up too; that’s far harder to pave over.
Read more »
Japan’s Silent Belt and Road Is Beating China’sChina’s so-called Belt and Road initiative has been the subject of relentless media coverage. But Beijing’s flagship program of outward investment in several ways has been outmatched by Japan’s near-silent efforts.
Read more »
Some see malevolence in China’s “Belt and Road” lendingBut the real worry is overreach
Read more »
Peru to sign MoU to join China's Belt and Road club in coming days: Chinese ambassadorPeru will sign a memorandum of understanding to join China's Belt and Road ...
Read more »
Opinion | The forgotten victims of China’s Belt and Road InitiativeOverseas Chinese workers are particularly vulnerable to exploitation.
Read more »
China says Silk Road not geopolitical tool, understands concernsChina's Belt and Road project is not a 'geopolitical tool' or a d...
Read more »
A conveyor belt of Sahara Desert sand is sweeping dust to Europe and the Arctic CircleThe dust has trekked as far poleward as Scandinavia, and could be swept back toward Greenland in the next 72 hours.
Read more »