Assessing the Future of China's Belt and Road Initiative Amidst Loan Challenges and Trade Opportunities

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Source: Nikkei Asia
Assessing the Future of China's Belt and Road Initiative Amidst Loan Challenges and Trade Opportunities
Photo: Nikkei Asia
TL;DR Summary

China's Belt and Road Initiative, aimed at expanding trade and international influence, is facing challenges as the country experiences an economic slowdown and a rise in defaults, including those caused by COVID-19. President Xi Jinping is now focusing on improving the profitability of Belt and Road projects, signaling a shift in China's overseas investment strategy.

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