China aims to make the Belt and Road initiative sustainable and prevent debt ris...
BEIJING - China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations.
Western governments have tended to view it as a means to spread Chinese influence abroad, saddling poor countries with unsustainable debt. While most of the Belt and Road projects are continuing as planned, some have been caught up by changes in government in countries such as Malaysia and the Maldives.
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