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International relations

Indonesian tycoon sounds alarm on China infrastructure push

CT Corp. Chairman Tanjung, others wary of Belt and Road's aggressiveness

Asian business leaders discussed the Belt and Road initiative's implications for infrastructure projects in the ASEAN region at a forum hosted by the Hong Kong government. (Photo by Joyce Ho)

HONG KONG -- China's ambitious Belt and Road Initiative, which promises over $1 trillion in infrastructure and spans more than 60 counties, has been met with growing ambivalence among those who stand to benefit from the massive program.

A business leader from Indonesia on Monday told a forum sponsored by the Hong Kong government that the project would potentially bolster the development of Southeast Asian countries by providing much-needed financial aid. But the huge influx of Chinese money has also discomfited the local community.

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