CHINA-BRI: RECENT REPORT CAUTIONS AGAINST HASTY BRI INITIATIVES
The reputed Chinese financial newspaper Caixin (April 23) said that a recent report from a research group said that many Belt and Road Initiative port projects have suffered from a “premature mentality,” in which investors jump in without adequate research, and could “stimulate regional political conflicts”. The report also said Chinese firms have invested in 42 ports in 34 countries since 2013 as part of the initiative. It added that Chinese companies investing in overseas ports need to do a better job ensuring their projects make money or they risk turning locals against them.
(Comment: China's Ministry of Transport had in May 2018 mentioned that China has invested in 42 ports in 34 countries.)
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