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More Belt & Road Equity Financing - Zhou

CHINA PRESS
MNI (BEIJING)

China plans to use more equity to finance Belt and Road (BRI) projects in the future, according to Zhou Xiaochuan, former governor at the People’s Bank of China. Speaking at Fudan University, Zhou said authorities must do more to manage debt, including debt reductions and extensions, as well as expanding the scope of bond subscription and using more regional and development banks. Zhou rejected foreign criticism that BRI was a sovereign debt trap, saying loans were closer to commercial and corporate investment than sovereign debt. (Source: Caixin)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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