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China’s ‘Belt and Road’ grew out of a lending spree. Now those loans may be its problem

The article covers the issues that have been plaguing China's Belt and Road Initiative, which was launched in 2013 as a way to build trade links across Eurasia and beyond. Since the project's inception, many borrowers have been struggling to repay their debts, and the initiative has been met with criticism from Western nations. China is reportedly trying to salvage the initiative with a post-2020 overhaul, which focuses on improving "high-quality development" instead of just economic feasibility.

The post China’s ‘Belt and Road’ grew out of a Lending Spree. Now those loans may be its problem appeared first on Balanced News Summary.



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China’s ‘Belt and Road’ grew out of a lending spree. Now those loans may be its problem

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