Chinese firms wary of political risks on Xi's Belt and Road initiative
They cite policy changes, political unrest, government expropriation as top worries
Hong Kong
AS the global limelight fades from Chinese President Xi Jinping's "Belt and Road" summit, the main actors - Chinese state-owned companies - are warning about the political risks that they face along the route.
Earlier this month, Mr Xi outlined plans to direct as much as 840 billion yuan (S$170 billion) to build roads, railways, ports and pipelines across Asia and beyond, securing China's central role in world trade. The plan has the country's state-owned enterprises weighing investments in 65 participant nations, almost two-thirds of which have sovereign debt ratings below investment grade.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank