APEC to add 'debt trap' concerns to investment guidebook

Proposed revision to require fiscal sustainability in face of Chinese investment

20181113N construction

China-backed infrastructure projects have left some Asian countries with more debt than they can handle.

TAKASHI TSUJI, Nikkei staff writer

SINGAPORE -- Japan is leading an effort within the Asia-Pacific Economic Cooperation forum to set new rules on infrastructure development in the region that take into consideration financial sustainability and transparency to prevent borrower countries from falling into a debt trap.

Japan and several other members will propose updating the "APEC Guidebook on Quality of Infrastructure Development and Investment," which the 21 Pacific Rim nation-body issued four years ago.

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