China will seek more private, commercial financing for its Belt and Road Initiative and take host countries’ debt structure into consideration, central bank governor Yi Gang said on Thursday.
Beijing is under pressure to address concerns its BRI infrastructure programme creates debt traps as it hosts dozens of countries at a forum to showcase president Xi Jinping’s signature foreign policy initiative.
“We need to objectively assess developing countries’ debt problems” Mr Yi told an audience of financial professionals including Christine Lagarde, IMF head.
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