China may hit funds roadblock over OBOR, says think tank

China may hit funds roadblock over OBOR, says think tank

China’s ‘One Belt One Road’ mega initiative could hit a roadblock, a Hyderabad-based think tank has claimed, arguing that the country may increasingly find it difficult to fund several infrastructure projects across continents owing to financial constraints at home arising from debts, shadow banking, Ponzi schemes and zombie companies.

OBOR is a $124-billion venture to build ports, railways, airports and power plants in South Asia, Central Asia, West Asia, Africa and even South America.

Read more

 

Credit- The Economic Times

Leave a Reply

Your email address will not be published.