China’s Belt and Road Initiative can pave over only some of its potholes, says cbeddor:
World leaders attending a Belt and Road summit in Beijing this week are expected to agree to project financing that respects global debt goals and promotes green growth, Reuters reported on April 24, citing a draft communique.
On April 12, Malaysia and China agreed to resume construction of a multi-billion dollar rail line, ending months of negotiations. Almost a third of the cost was shaved off, leaving the price tag at about $11 billion.
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