Belt And Road Initiative Not A Debt Trap: China

China's ambitious "Belt and Road" projects are not a debt trap, and some countries' high debt levels are long-standing and not to be blamed on the initiative.

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Belt And Road Initiative Not A Debt Trap: China

Ning Jizhe, vice-chairman of NDRC, made the remarks at a news conference in Beijing (Reuters)


China: 

China's ambitious "Belt and Road" projects are not a debt trap, and some countries' high debt levels are long-standing and not to be blamed on the initiative, a senior official at China's state planner said on Monday.

Ning Jizhe, vice-chairman of the National Development Reform Commission (NDRC), made the remarks at a news conference in Beijing.

The Belt and Road initiative, first mentioned in a speech Chinese President Xi Jinping gave in Kazakhstan in 2013, is a vehicle for Beijing to take a greater role on the international stage by funding and building global transport and trade links in more than 60 countries.

© Thomson Reuters 2018


(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


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