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Thursday, April 07, 2016
ANBOUND: $2 Trillion Funding For Belt and Road Initiative, A Challenge For China
ANBOUND

Chen Aiping, the director of Industrial and Commercial Bank of China (ICBC) Asia says that the financing need for the basic infrastructure of 'the Belt and Road' initiatives have reached USD 1 trillion to USD 2 trillion, bringing enormous business opportunities to the bank.

However, in the analysis published last year in the 4887th issue of the Economic Daily published on 26th January 2015, ANBOUND has made it clear that China does not have the sufficient resources to support ‘the Belt and Road’ initiatives concurrently and China might not be able to fund the investment spending.

We are of the view that China should consolidate its resources and focus on the construction of the ‘new silk road’, bringing stability to Xinjiang and development to Central Asia.

However these geopolitical considerations require us to give up some unrealistic expectations and visions.

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