China defends belt and road strategy against debt trap claims

//China defends belt and road strategy against debt trap claims

China defends belt and road strategy against debt trap claims

China has sought to defend its ailing “Belt and Road Initiative” (BRI) from mounting international criticism ahead of an important summit in April to fine-tune the multibillion-dollar infrastructure investment programme.National People’s Congress spokesman and former foreign affairs vice-minister Zhang Yesui refuted concerns that the project, estimated to be worth US$900 billion, lacks transparency and creates debt traps for participants, especially developing countries.“China attaches great…

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By | 2019-03-04T16:03:32+00:00 March 4th, 2019|Headlines|Comments Off on China defends belt and road strategy against debt trap claims