Caixin
Nov 16, 2017 06:27 PM
BUSINESS & TECH

‘Belt and Road’ Helps China Offload Overcapacity, According to Moody’s Credit Officer

Michael Taylor, the Moody's chief credit officer in the Asia Pacific, said at the 8th Caixin Summit in Beijing on Thursday that the investments that are part of the
Michael Taylor, the Moody's chief credit officer in the Asia Pacific, said at the 8th Caixin Summit in Beijing on Thursday that the investments that are part of the "Belt and Road" initiative are overall a situation in which "the positive factors outweigh the negative ones." Photo: Caixin

The “Belt and Road” initiative has helped China unload products made by industries suffering from overcapacity and driven forward yuan internationalization, Moody’s chief credit officer in the Asia Pacific told the 8th Caixin Summit.

Overall exports of iron and steel, areas in which China slashed 65 million tons of capacity last year, have declined globally, but “the Belt and Road countries have taken on an increasing share of current exports,” Michael Taylor said Thursday in Beijing.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.