Behind China's Silk Road vision: cheap funds, heavy debt, growing risk
Beijing Olympic Park Observation Tower is pictured during the Belt and Road Forum in Beijing, China May 14, 2017. REUTERS/Stringer
MoreBy Shu Zhang and Matthew Miller
BEIJING (Reuters) – Behind China’s trillion-dollar effort to build a modern Silk Road is a lending program of unprecedented breadth, one that will help build ports, roads and rail links, but could also leave some banks and many countries with quite a hangover.
At the heart of that splurge are China’s two policy l
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