Who doesn't hear the Hits getting closer................................
KEEP'n'Eye on this Country, what is happening there, I suggest....................
China debt: Beijing may cut belt and road lending due to domestic pressure, to ensure future of project; President Xi Jinping last week doubled down on China's commitment to his grand foreign policy project, the Belt and Road Initiative, but opinions are split over the sustainability of such investment amid a backdrop of rising debt at home."China will further harmonise policies, rules and standards with [Belt and Road Initiative] partners, and deepen effective cooperation with them on infrastructure, industry, trade, science and technological innovation, public health and people-to-people exchanges," Xi said in his keynote address to the Asia-Pacific Economic Cooperation (Apec) forum.However, as growth in the world's second largest economy has slowed and as the domestic debt burden has risen due to the coronavirus pandemic, questions have been raised whether China will have to slow its international engagements in the next few years, in particular its financing of belt and road projects
, to ensure future of project; President Xi Jinping last week doubled down on China's commitment to his grand foreign policy project, the Belt and Road Initiative, but opinions are split over the sustainability of such investment amid a backdrop of rising debt at home."China will further harmonise policies, rules and standards with [Belt and Road Initiative] partners, and deepen effective cooperation with them on infrastructure, industry, trade, science and technological innovation, public health and people-to-people exchanges," Xi said in his keynote address to the Asia-Pacific Economic Cooperation (Apec) forum.However, as growth in the world's second largest economy has slowed and as the domestic debt burden has risen due to the coronavirus pandemic, questions have been raised whether China will have to slow its international engagements in the next few years, in particular its financing of belt and road projects
