US at UN takes aim at China's Belt and Road initiative

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[UNITED STATES] The United States on Friday clashed with China at the United Nations (UN) Security Council over Beijing's Belt and Road initiative, saying the infrastructure investment scheme had 'known problems' with corruption and debt distress. Read more at The Business Times.

The United States on Friday clashed with China at the United Nations Security Council over Beijing's Belt and Road initiative, saying the infrastructure investment scheme had "known problems" with corruption and debt distress.[UNITED STATES] The United States on Friday clashed with China at the United Nations Security Council over Beijing's Belt and Road initiative, saying the infrastructure investment scheme had"known problems" with corruption and debt distress.

Beijing's flagship initiative, which aims to develop new trade routes through major infrastructure projects such as airports and roads, has been described by critics as Chinese expansionism. "This is an initiative of economic cooperation aimed at achieving common development and prosperity. It has nothing to do with geopolitics," said Mr Wu.

The UN resolution on the Afghanistan mission has contained language on cooperation with the Belt and Road initiative since 2016.

 

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