Markets
Belt & Road wrong destination for Western capital
Mihir Sharma | 03 May 2019 00:30
China’s second Belt and Road Forum, convened by President Xi Jinping in Beijing recently, looked less like an imperial celebration than a summit meeting. Xi’s tone had also become less triumphant.

He promised to make the environment a central concern for infrastructure projects in the globe-spanning Belt and Road Initiative (BRI).

He even adopted a term used by archrival Japan to denigrate Chinese projects, vowing that Chinese companies would build only “quality” infrastructure.

The Chinese leadership declared an armistice with the Japanese on infrastructure last September.

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