China defends Belt and Road but vows to battle debt 0 SHARES Share it! But in a nod to the concerns over loans, Finance Minister Liu Kun said China would release a framework to ”prevent debt risks,” according to state-owned China Securities Journal. The ”debt sustainability analysis framework” encourages Chinese finan­cial institutions and BRI countries to voluntarily improve debt management levels, the report said. Since Xi launched Belt and Road in 2013, China has invested $90 billion in projects while banks have provided between $200 billion and $300 billion in loans, according to Chinese of­ficials. And Montenegro has had to make difficult choices after taking on crush­ing Chinese debt to pay a Chinese company to build a new highway.

Source: Manila Bulletin April 25, 2019 09:00 UTC