Tsarizm
China’s Belt And Road Project Destroying Emerging Market National Solvency
Central Asia News

China’s Belt And Road Project Destroying Emerging Market National Solvency

Image by Lommes

China’s leader, Xi Jinping, has called it the “project of the century” and said it will usher in a “golden age” of globalisation.

With Beijing-backed projects in 78 countries, the “Belt and Road Initiative” (BRI) is one of the world’s most ambitious development programmes. But critics fear it could become the conduit through which some of China’s debt problems are transmitted overseas.

New Silk Road Runs Through Former Soviet Territory To Europe

A series of controversies that have flared in countries as far apart as Pakistan, Sri Lanka, Laos, Malaysia, Montenegro and others are all related to debt sustainability — either because of the perceived inability of countries to handle outsized debts to China, or because some Beijing-funded infrastructure projects do not appear likely to justify their price tag…

To read more visit FT.

Related articles

Moldovans Protest In Chisinau Over Annulment Of Pro-EU Mayoral Election Victory

Tsarizm Staff

Latvia Adds Its Approval To Baltic Railway Project

L Todd Wood

Kyiv Anti-Corruption Protests Rage For Second Day

Tsarizm Staff