The Chinese government needs to be clearer about what it expects from private capital if its hugely ambitious Belt and Road initiative is to succeed, a conference in Hong Kong heard on Wednesday.
The warning that foreign investors need more policy guidance before committing comes four years after the colossal investment programme was formally launched by Chinese President Xi Jinping.
Encompassing 66-countries, the Belt and Road initiative aims to create a modern Silk Road connecting the world’s second-largest economy with Central Asia, Europe and Africa, and another route linking China to Southeast Asia and east Africa by sea.
“There...
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