China is expected to promote a recalibrated version of its Belt and Road initiative at a summit of heads of state this week in Beijing, seeking to allay criticism that its flagship infrastructure policy fuels indebtedness and lacks transparency.
A draft communique seen by Reuters said that 37 world leaders attending the April 25-27 summit will agree to project financing that respects global debt goals and promotes green growth. The summit"will be a time for reflection and to talk about the hopes for the future," Li told Reuters.Industry insiders and diplomats say that there has been a shift in the way Beijing has been pushing Belt and Road overseas since the first such summit two years ago.
"I hope relevant people can overcome the 'allergies' they have towards the Belt and Road as soon as possible so China and Germany can cooperate to jointly tap the benefits from it," Wu said earlier this month. Andrew Davenport, chief operating officer at Washington-based consultancy RWR Advisory, which has been tracking the Belt and Road investment, said China has become more reactive in its positioning of the initiative since the last forum.
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After ECRL success, Dr Mahathir to take message to Belt-Road forum | The Malaysian InsightPM to urge Beijing to be more transparent about its ambitious and multi-billion-dollar Belt and Road Initiative.
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