Credit stress hurts new money going into China's massive infrastructure project, says Moody's

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The coronavirus pandemic has caused financial strains in many small economies participating in China's Belt and Road Initiative, said Moody's.

that started out focusing on building infrastructure networks connecting China to central Asia, Europe and Africa. It has since morphed into what some experts say is China's way of trying to influence technology and governance around the world.Workers take down a Belt and Road Forum panel outside the venue of the forum in Beijing on April 27, 2019.In the first half of 2020, the value of Chinese-led new contracts and investments in BRI countries totaled $23.

The Moody's report said some BRI participating countries have sought financing support from the International Monetary Fund or. Those countries include Pakistan, Zambia, Tanzania and Angola, the agency noted.

 

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Path forward with the communist left in charge: 1. Civil disobedience to all lockdown and mask orders; 2. Boycott all Chinese goods - buy Made in the USA! 3. Call out corrupt globalists on the street and online 4. Protests against censorship 5. Impeach Biden Make’em pay!!!

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