China’s development finance more than double US but issues risk undermining belt and road
Published
Sep 29 2021 at 4:01 AM GMT
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- China’s development financing has more than doubled that of the United States or any other major power, but if it wants to remain competitive its belt and road projects must address key concerns relating to debt and implementation, a new report said.
- The extensive analysis published by AidData, a research lab at William & Mary college, on Wednesday showed that China spent an average US$85.4 billion a year in the five years after the Belt and Road Initiative (BRI) was launched in 2013, far….
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- Published Sep 29, 2021 4:01 AM GMT