BEIJING - China aims to make the Belt and Road Initiative sustainable and prevent debt risks, finance minister Liu Kun said on Thursday , seeking to allay criticism that its infrastructure plan to boost trade and investment fuels indebtedness and lacks transparency.
Mr Yi Gang, the central bank governor, said at the same event that local currencies will be used for investments related to its flagship infrastructure plan to curb exchange rate risks. The BRI is a key policy of President Xi Jinping and envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond, with massive infrastructure spending.
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