torsdag 22. august 2019

China’s rust belt looks abroad as growth slows, tariffs bite

Most Belt and Road projects are financed by Chinese bank loans and built by Chinese contractors using technology, steel and other materials from China. The government releases no information on the number of projects or the scale of investment.

A total of 306 projects are under construction in 58 countries, according to Fitch Solutions. It said the cost for those built so far is $102 billion and total projected spending on all energy, transportation and utility projects announced to date is $766 billion, which includes possible investment from Chinese and foreign companies as well as Chinese loans. Including other projects, a total of less than $200 billion had been spent through the end of 2018, according to Derek Scissors at the American Enterprise Institute in Washington.