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China debt crunch

Key Chinese Belt and Road builder faces rising risks, debt

China's property downturn, global economy cast shadow over CCCG's growth

China Communications Construction is involved in developing the Hambantota port in Sri Lanka, which has been criticized as a prime example of Beijing's "debt trap" diplomacy.   © AP

DALIAN, China -- A critical player in Beijing's Belt and Road infrastructure-building initiative is under mounting pressure to streamline operations as its debt load soars and economic risks threaten overseas projects.

State-run China Communications Construction Group develops ports, roads, high-speed rail and real estate. In addition to external contracts, the Beijing-based group has been investing in and operating more of its own infrastructure projects in recent years under China's international Belt and Road campaign.

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