Credit Stress Hurts New Money Going Into Chinas Massive Infrastructure Project, Says Moodys NBC Connecticut

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No Comments Within the first half of 2020, the worth of Chinese language-led new contracts and investments into nations collaborating within the Belt and Highway Initiative totaled $23.5 billion, Moody’s mentioned in a report. That means that full-year volumes will fall “effectively brief” of final yr’s $104.7 billion, the company added. The coronavirus pandemic has triggered monetary strains in lots of small economies collaborating in China’s Belt and Highway Initiative, it defined. SINGAPORE Investments inChina’slarge infrastructure venture in 2020might fall “effectively brief” of final yr’s stage as the coronavirus pandemic triggered monetary strains in collaborating nations, in accordance with Moody’s...