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Business daily

China's 'Belt and Road' project promises infrastructure financing for 65 nations

Chinese President Xi Jinping has hailed his country’s Belt and Road initiative as "the project of the century". By spending more than €100 billion to finance infrastructure projects abroad, the plan could not only boost the world's second-largest economy but would likely increase Beijing's influence as well. But there is concern that if the projects fail to deliver, then the foundations will be laid for a massive debt burden.

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