China Revamps Belt and Road Initiative as Borrowers Face Solvency Crises: Report

Will changes to the global infrastructure initiative help or harm developing borrowers?
China Revamps Belt and Road Initiative as Borrowers Face Solvency Crises: Report
This picture taken on February 8, 2020 shows a part of the first rail line linking China to Laos, a key part of Beijing's 'Belt and Road' project across the Mekong, in Luang Prabang. China's trillion-dollar Belt and Road plan is stuttering under the effects of the deadly coronavirus. Aidan Jones/AFP via Getty Images
Andrew Moran
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A new comprehensive study found that China is overhauling its decade-long Belt and Road Initiative (BRI), a global infrastructure scheme that has invested billions of dollars into developing nations.

According to AidData, a research lab at the university of William & Mary, Chinese leaders are looking to “de-risk” by adjusting the worldwide lending initiative to mitigate risks of not being repaid. Beijing also is attempting to limit its reputational damage in these developing markets, as a recent Gallup World Poll found that average disapproval ratings in low- and middle-income countries have soared since 2019.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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