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Belt and Road initiative is not a debt trap, says China

REUTERS
Published : Aug 28, 2018, 10:53 am IST
Updated : Aug 28, 2018, 10:53 am IST

The Belt and Road initiative, first mentioned in a speech Chinese President Xi Jinping gave in Kazakhstan in 2013.

Ning Jizhe, vice-chairman of the National Development Reform Commission (NDRC), made the remarks at a news conference in Beijing. (Representational Image)
 Ning Jizhe, vice-chairman of the National Development Reform Commission (NDRC), made the remarks at a news conference in Beijing. (Representational Image)

Beijing: China’s ambitious “Belt and Road” projects are not a debt trap, and some countries’ high debt levels are long-standing and not to be blamed on the initiative, a senior official at China’s state planner said on Monday.

Ning Jizhe, vice-chairman of the National Development Reform Commission (NDRC), made the remarks at a news conference in Beijing.

The Belt and Road initiative, first mentioned in a speech Chinese President Xi Jinping gave in Kazakhstan in 2013, is a vehicle for Beijing to take a greater role on the international stage by funding and building global transport and trade links in more than 60 countries.

Tags: belt and road initiative, xi jinping, trade links, global transport
Location: China, Peking, Peking