{"id":81989,"date":"2018-10-15T14:08:48","date_gmt":"2018-10-15T21:08:48","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=81989"},"modified":"2018-10-15T14:09:06","modified_gmt":"2018-10-15T21:09:06","slug":"will-take-care-of-debt-issues-of-belt-and-road-projects-china","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2018\/10\/15\/will-take-care-of-debt-issues-of-belt-and-road-projects-china\/","title":{"rendered":"Will take care of debt issues of Belt and Road projects: China"},"content":{"rendered":"<h2><strong><span style=\"color: #0000ff;\"><em>Courtesy The Daily Mirror<\/em><\/span><\/strong><\/h2>\n<p>China\u2019s Vice Finance Minister Zou Jiayi has acknowledged debt issues with some of its \u2018Belt and Road\u2019 projects, saying the government will strengthen macro-supervision on the debt sustainability aspect of its overseas investments, the Reuters\u00a0reported on Saturday.<\/p>\n<div class=\"row inner-text\">\n<p>The debt sustainability issue of Belt and Road (projects) is a complicated issue, but we will take care of it,\u201d Zou told a panel on the sidelines of annual International Monetary Fund and World Bank meetings in Indonesia.<\/p>\n<p>She\u00a0said China could optimize and diversify its Belt and Road debt financing with more foreign direct investment, public-private partnerships, and equity investment, as opposed to commercial loans that could be more expensive.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.dailymirror.lk\/media\/images\/image_1539583460-d63c69eb0c.jpg\" alt=\"\" \/><\/p>\n<p>However, the Reuters reported that\u00a0the initiative has been met with growing scepticism as some countries, such as Sri Lanka, became saddled with debt that they had difficulty in repaying.<\/p>\n<p>One of the top recipients of China\u2019s largesse, Malaysia, has recently stopped work on a $20 billion rail link between its east and west coasts, a rare setback for the Belt and Road initiative.<\/p>\n<p>Zou said the Chinese government fully respects Malaysia\u2019s decision-making and judgment, stressing the projects were inked on a commercial basis, and countries are free to vet and evaluate the terms of the projects.<\/p>\n<p>Malaysia adequately communicated with the China side on the issue. We respect Malaysia\u2019s decision based on their debt sustainability analysis,\u201d she said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Daily Mirror China\u2019s Vice Finance Minister Zou Jiayi has acknowledged debt issues with some of its \u2018Belt and Road\u2019 projects, saying the government will strengthen macro-supervision on the debt sustainability aspect of its overseas investments, the Reuters\u00a0reported on Saturday. The debt sustainability issue of Belt and Road (projects) is a complicated issue, but [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,102],"tags":[],"class_list":["post-81989","post","type-post","status-publish","format-standard","hentry","category-business","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/81989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=81989"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/81989\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=81989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=81989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=81989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}