Silk Road ‘not a geopolitical tool’

Beijing will host a Belt and Road summit next week, which 37 foreign leaders will attend including some of China’s closest allies, though the United States which has been critical of the project is only sending low level representatives.

But it has proved controversial in many Western capitals, particularly Washington, which views it as merely a means to spread Chinese influence abroad and saddle countries with unsustainable debt throu­gh non-transparent projects. Chinese State Councillor Wang Yi, the government’s top diplomat, told reporters that the Belt and Road scheme had brought real benefits to participating countries.“You can’t put hats like ‘debt crises’ onto the head of the Belt and Road, and this is not something any participating country would recognise,” Wang added.

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Indonesia polls bring battle over Belt and Road pushJAKARTA: Indonesia has become the latest election battleground for Beijing’s soaring economic clout, as the opposition warns pro-China policies are saddling the mineral-rich archipelago with bad debt as it is sold off piecemeal to foreign interests.Business links with top trade partner China have been thrust into the spotlight by ex-general Prabowo Subianto who is challenging Indonesian leader Joko Widodo for the presidency of South-East Asia’s largest economy on Wednesday.
Source: staronline - 🏆 4. / 75 Read more »