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Belt and Road

Coronavirus blocks Belt and Road, cutting Q1 project value by 64%

Refinitiv report says China had over $90bn in late, stalled or scrapped projects

Tracks at Dazhou Station in China's Sichuan Province form part of the Belt and Road freight route.   © Reuters

SINGAPORE -- China's ambitious Belt and Road Initiative, which aims to link countries across Asia and beyond through a string of infrastructure projects, has hit a major bump during the coronavirus pandemic.

A report released by analytics company Refinitiv on Tuesday showed a 15.6% drop in the number of new projects announced in the first quarter of this year, compared with the same period in 2019. The value of these projects fell 64.4%.

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