ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Belt and Road

China's Belt and Road at crossroads as more loans turn sour

10 years in, Beijing enjoys greater clout but new investments trend down

Sri Lanka leased the operating rights for Hambantota International Port, part of the Belt and Road Initiative, to China for 99 years.   © AP

BEIJING -- A decade since China first proposed the Belt and Road Initiative, China's aggressive investments around the world have helped expand both trade and its international influence.

Yet the infrastructure-focused initiative is losing steam amid a domestic economic slowdown and a surge in defaults triggered by factors including COVID-19. The country now appears to be rethinking how it invests overseas, with President Xi Jinping pushing to boost the profitability of Belt and Road projects.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more