News Snapshot:
China needs to ramp up its risk assessment and anti-corruption measures to mitigate political dangers and credit instability in its Belt and Road Initiative, analysts said, following a similar call from President Xi Jinping. Despite seeing concrete success with its flagship investment programme, Xi emphasised businesses’ responsibility to assess overseas risk regularly, as well as the need to establish an “all-weather” risk monitoring system and a thorough anti-corruption legal framework in a speech last week. This came after China’s pivot to green finance in a pledge to stop funding coal plants overseas in September, as well as a bombing attack...
