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Economy

ADB chief warns of Belt and Road debt trap

Nakao urges countries to carefully weigh viability of China-backed projects

Kenya Railways attendants receive a train launched to operate on the Standard Gauge Railway line constructed by the China Road and Bridge Corporation and financed by Chinese government in Nairobi, Kenya.   © Reuters

MANILA -- The head of the Asian Development Bank on Thursday warned countries against unsustainable borrowing to fund infrastructure projects, which could leave them stuck in a debt trap.

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