Inevitably, a project of this scale, its complexity, its risk, is going to suffer the odd setback and criticism but I have a sense that China, as the main architect of the Belt and Road along with many of the other participants, are learning from this as they translate it into reality.
Chinas Belt and Road Infrastructure program is a $US1 trillion ($1.4 trillion) initiative to build hundreds of major infrastructure projects such as ports and rail in 70 or more countries.
It has been dubbed a new silk road, as it creates more overland and maritime trade routes to strengthen Chinas economy and help it develop a wider sphere of influence.
The program has drawn criticism that it targets poorer nations, offering countries loans that are difficul…
Read the full article at: https://www.smh.com.au/business/the-economy/bhp-ceo-andrew-mackenzie-downplays-risks-of-china-s-new-silk-road-20190324-p5170w.html?ref=rss&utm_medium=rss&utm_source=rss_feed
