Belt and Road debt risks well in hand

- Sep 20, 2018-

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BRI offers mutual benefits, says head of NDRC

China will manage well the financial risks in projects related to the Belt and Road Initiative as the initiative is designed to benefit all parties involved, according to officials and financial experts.

"The fundamentals to promote the initiative are to make sure it can be a mutual learning experience and mutually beneficial," He Lifeng, head of the National Development and Reform Commission, said during the annual World Economic Forum in Tianjin on Wednesday.

Since the initiative was launched in late 2013, China has signed 150 cooperation documents with 106 countries and 29 international organizations.

More than $86 billion has been invested in parties involved in the BRI, and 82 economic and trade development zones have been built. The initiative has created more than 240,000 local jobs, according to He.