SUBSCRIBERS

Many of China's Belt & Road Initiative projects put on hold due to Covid-19

Published Sun, Apr 26, 2020 · 09:50 PM

Beijing

THE Covid-19 pandemic and its ensuing global economic crisis will push China to change its Belt & Road Initiative (BRI) strategy, both in the short and long term, according to analysts.

Since the beginning of the outbreak, many of China's BRI projects have been put on hold, as international pressure has mounted for the world's second-largest economy to delay and write off debt repayments to developing countries.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.