China Slimming Down Belt and Road Initiative As New Project Value Plunges in Last 18 Months, Report Shows

A. J. R. Groom Cissy Zhou - South China Morning Post
October 10, 2019

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“The crucial issue to watch is how these announced measures could be implemented in practice. It is not going to be a smooth process, as political considerations and the soft budget constraints and guaranteed government bailouts for Chinese SOEs and state-owned banks will continue to foster the existing problems and risks and thus stand in the way of improving debt sustainability,” said Alex He, a research fellow at the Canada headquartered think tank Centre for International Governance Innovation.

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