CGD in the News

China’s Vast Intercontinental Building Plan Is Gaining Momentum (Bloomberg)

May 03, 2018

From the article:

China’s massive build program to recreate trade routes stretching from Asia to Africa and Europe is gaining momentum.
 
Since President Xi Jinping’s flagship Belt and Road project was announced about five years ago, it gave impetus to billions of dollars of Chinese investment -- some of which were already in the pipeline for several years -- to build railways, roads, ports and power plants.
 
The program isn’t without controversy: debt risk is rising, an influx of Chinese workers has fueled tension with locals, and there are worries about China’s dominance in the region. And not all of the projects have succeeded.
 
...(Analysts interviewed for this article were from the Center for Global Development, Exotix, Business Monitor International, Boston University, Woodrow Wilson Center, German Marshall Fund of the United States.)
 

Read the full article here.