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Chinese loans to Latin America plunge as virus strains ties
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France eagerly awaits more detailed climate plan from China
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Belt and Road Initiative Takes New Path as State Funding Declines
Posted by Joseph Brouwer | Dec 16, 2020
New reports suggest that China has dramatically curtailed lending towards the Belt and Road Initiative, Xi Jinping’s flagship global infrastructure and trade program. First proposed in 2013, the BRI is a trillion-dollar investment program designed to forge economic and political links between China and countries across Eurasia, Africa, and the Pacific through the financing of infrastructure projects. The initiative has been controversial from its inception, both for its demonstration of China’s global influence and the social, environmental, and economic costs it sometimes imposes on partner nations. A new report by the Financial Times’ James Kynge and Jonathan Wheatley, based partly on data from Boston University’s Global Development Policy Center, argues that
Big Read - China pulls back from the world: Rethinking Xi s project of the century
12 Dec, 2020 04:00 PM
8 minutes to read
Chinese President Xi Jinping speaks during a plenary session at the Eastern Economic Forum in Vladivostok, Russia, 2018. Photo / AP
Chinese President Xi Jinping speaks during a plenary session at the Eastern Economic Forum in Vladivostok, Russia, 2018. Photo / AP
Financial Times
By: James Kynge in Hong Kong and Jonathan Wheatley in London It has not taken long for the wheels to come off the Belt and Road Initiative. As recently as May 2017, China s leader Xi Jinping stood in Beijing before a hall of nearly 30 heads
As a leader in development finance, China can help create a green, inclusive recovery
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