torsdag 25. april 2019

China aims to address ‘debt trap’ criticism at second Belt and Road Forum

China is working to address a mounting concern that its ambitious infrastructure drive creates debt traps for participating countries, according to people involved in the drafting of a joint communique to be considered by world leaders at a forum on the initiative in Beijing this week. President Xi Jinping’s multibillion-dollar “Belt and Road Initiative”, which aims to link China with Asia and Europe through ports, roads, airports, pipelines and other infrastructure projects, also has raised worries about what critics have called a lack of transparency related to project development, land requisition, debt pricing and other contractual issues.