Financial Times | 11th May 2017:
China:Foreign direct investment and exports are down, but construction revenue is up.
China’s President Xi Jinping will host 28 heads of state this weekend for a summit to promote his signature Belt and Road Initiative, an ambitious programme of economic diplomacy that analysts have compared with the Marshall Plan.
Mr Xi’s plan for a “Silk Road Economic Belt” and a “21st-Century Maritime Silk Road”, first proposed in 2013, calls for building infrastructure links to bind China more closely with central and south-east Asia, the Middle East, Europe and Africa. In some versions of the plan, Latin America is also included.
Despite the hype surrounding the BRI — it has already been the subject of numerous banking conferences and think-tank panels — a range of indicators suggests that Chinese investment in the initiative has slowed.
To read full article – please click here.