Some people continue to express concern over a perceived debt issue, while others have sought to highlight that coal-fired power plants are being built under the BRI framework.
To be sure, there are others who have taken cognizance of the new economic development opportunities that the BRI would present now as well as in the future, once the dust of the pandemic settles.
A dispassionate overview of the topic, therefore, would be necessary to gain a proper perspective.
China’s non-financial direct investment in other countries along the Belt and Road in 2014-20 (Unit: $1 billion)
No Debt Trap for Participants
In 2020, China’s non-financial direct investment in the countries along the Belt and Road reached US $17.79 billion, up more than 18 percent year-on-year.
From 2014 to 2020, China’s total non-financial direct investment in other countries along the Belt and Road reached US $104.72 billion, with the annual average hittingUS $14.96 billion.
The ratio of China’s outbound direct investment (ODI) in other countries along the BRI routes also increased to more than 16 percent of the country’s total ODI in 2020, from less than 10 percent in 2013, when the BRI was first proposed.
No participating economy that undertook BRI-related construction projects has slipped into a debt crisis. Credit for that should go to the Chinese government’s three principles relating to the joint projects:
First, China does not force any country to join the BRI. Nor does China force any participating country to borrow money from it.
Second, all the investment projects are to be carried out by independent companies, as per the existing market rules, and thus government-to-government lending is rare and based on market mechanisms like international market financing and private-public partnership financing.
この記事は China Today (English) の May 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は China Today (English) の May 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
A City with Vision for the Future
LOCATED on the edge of Xinjiang Uygur Autonomous Region, at one of the farthest points in China from the sea, stands a city that began to embrace its great economic takeoff just 10 years ago.
Setting out on the Great Rejuvenation
THE centenary of the Communist Party of China (CPC) was marked by a grand gathering held on July 1 at Beijing’s Tian’anmen Square.
A Similar History Has United Us
— Interview with Carlos Miguel Pereira, Ambassador of Cuba to China
The CPC's 100 Years of “Routine Miracles”
AT a grand ceremony commemorating the centenary of the founding of the Communist Party of China (CPC) at Beijing’s Tian’anmen Square on July 1, Xi Jinping, general secretary of the CPC Central Committee, solemnly declared the completion of building China into a moderately prosperous society in all respects, the country’s first centenary goal.
An Open Xinjiang with Multi-Ethnic Beliefs
SINCE ancient times, Xinjiang has been a region where ethnic groups live together, religious beliefs are diversified, and many cultures coexist. Primitive religion and Shamanism were initially prevalent in the region.
Xinjiang in My Eyes
ON May 24, 2021, I boarded a flight to Urumqi from Beijing with a group of Chinese and foreign journalists to learn more about Xinjiang Uygur Autonomous Region, a vast territory that is home to many ethnic groups and diverse cultures. The visit has left me with lasting memories and a deeper understanding of the people and the region as a whole.
Stability and Development Are the Strongest Evidences of Human Rights
OVER the past months hostile elements in certain Western countries have trumped-up charges against China concerning human rights in Xinjiang, spreading lies about “forced labor,” “genocide,” and “religious oppression” in the region.
BRI Nexus Promoting Multilateralism in a Post-Pandemic World
BORN of centuries-long interactions between China and other civilizations along the ancient Silk Road, the Belt and Road Initiative (BRI) appears as the quintessential manifestation of multilateralism on the world stage since the Second World War which was, sad to say, one of quite a different kind.
Tourism Boosts Rural Revitalization in Ili
THEY say you never know how big China is until you come to Xinjiang, and never know how beautiful Xinjiang is until you come to Ili.
Xinjiang's Cotton Industry Gets Smart
LOCATED in the northwest of China, Xinjiang Uygur Autonomous Region boasts long hours of sunshine and ample water for irrigation — making the region geographically ideal for growing cotton. Cotton grown in Xinjiang, which has good coloration and long fiber, is favored in both domestic and foreign markets.