The Belt and Road initiative, first mentioned in a speech Chinese President Xi Jinping gave in Kazakhstan in 2013.
The BRI is seen as China's big play to seek world domination. Both the fears and the optimism are unfounded.
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.
Next Story