BEIJING (AP) --- Chinese President Xi Jinping promised Friday to set high standards for Beijing's sweeping infrastructure-building initiative as fellow leaders praised the effort despite worries it is saddling some countries with too much debt. Xi avoided mentioning debt in a speech at a Belt and Road forum celebrating his signature foreign initiative. But he promised changes in response to complaints about costs, dubious payoffs from the projects and possible environmental damage. Beijing wants "open, green and clean cooperation" with "zero tolerance for corruption," Xi said. Developing countries have welcomed the initiative, launched in 201...
Keep on reading: China’s Xi promotes building initiative amid debt worries
from INQUIRER.net http://bit.ly/2IZGuSn
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