China seeks to allay fears over Belt and Road debt risks

China seeks to allay fears over Belt and Road debt risks

China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday. This comes as the policy championed by Chinese President Xi Jinping has become mired in controversy, with some partner nations bemoaning the high cost of projects. China’s central bank governor said local currencies will be used for investments to curb exchange rate risks.

Timothy
Timothy
U WOT M8
U WOT M8 1 year

The West will fall if it continues to allow itself to be tethered to this abhorrent regime.

Hugo Stiglitz
Hugo Stiglitz 1 year

The Chinese Communist Party is pure evil, they aren't like other countries politicians who are just greedy and corrupt, the CCP has zero respect for non Chinese life and values.

Hannibal
Hannibal 1 year

it's because all of their so-called partners are terrified but they'll be stuck in a debt trap they'll never be able to climb out of. Malaysia's PM saw it for what it was and threatened to pull out of the deal in order to renegotiate a better position.

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