The National Development and Reform Commission (NRDC), China’s top economic planning agency, published a new report on Tuesday, according to the South China Morning Post newspaper, that detailed some of the key challenges confronting Beijing’s new 5-year plan, with a particular focus on infrastructure development as part of the Belt and Road Initiative.
In short, the NRDC warned that the combined effects of the ongoing pandemic, worsening ties with the United States, and heightened geopolitical risk in certain emerging markets will all adversely impact financing Belt and Road infrastructure projects:
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