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Economy

China's Xi Jinping promotes Belt and Road initiative amid debt worries

Updated : April 26, 2019 08:41 AM IST

Xi's plan to rebuild the old Silk Road to connect China with Asia, Europe and beyond with huge spending on infrastructure, has become mired in controversy as some partner nations have bemoaned the high cost of projects.
China has repeatedly said it is not seeking to trap anyone with debt and only has good intentions and has been looking to use this week's summit in Beijing to recalibrate the policy and address those concerns.
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.
China's Xi Jinping promotes Belt and Road initiative amid debt worries

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