China seeks to allay fears over Belt and Road debt dangersGovernor of the People's Bank of China Yi Gang attends a thematic forum of the second Belt and Road Forum for international cooperation in Beijing, China, April 25, 2019. Finance minister Liu Kun, speaking at a forum to kick off a three-day Belt and Road summit in Beijing, said China will establish an analysis framework on debt sustainability for Belt and Road projects to “prevent and resolve debt risks”. While most of the Belt and Road projects are continuing as planned, some have been caught up by changes in government in countries such as Malaysia and the Maldives. China will follow market principles and rely on commercial funds for Belt and Road financing, Yi said, adding that China will improve transparency for those projects. The United States, which has not joined the Belt and Road, is expected to send only a lower-level delegation, and nobody from Washington.

Source: Standard Digital April 25, 2019 10:07 UTC