China’s Belt & Road needs to be Transparent: Xi Jinping

At a Belt and Road summit, Jinping (above) said that the projects need to be transparent and fiscally sustainable.

(Photo: Reuters)

China's Belt and Road projects need to be transparent and fiscally sustainable, Chinese Premier Xi Jinping said on Friday, 26 April in an apparent acknowledgement of growing concerns about debt linked to his global infrastructure initiative.

There will also be “zero tolerance” for corruption, Xi said at a Belt and Road summit, adding that the initiative “is not an exclusive club”.

(Published in an arrangement with PTI)

(This is a developing story. More details awaited.)