Opinion: China Needs to Avoid ‘Belt and Road’ Debt Problems
Chinese officials have been adept at ascribing a vision for the “Belt and Road” initiative (BRI) that garners support from a wide array of countries, as well as international institutions like the World Bank and International Monetary Fund (IMF). The appeal is simple. China is offering to mobilize trillions of dollars in capital for something that all countries, rich and poor, crave: infrastructure. But as the vision moves to implementation, the Chinese government and its BRI partners would do well to address its key vulnerabilities.
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