President Xi Jinping launched the Belt and Road Initiative to build infrastructure to connect China with East Asia, Africa and Europe in September 2013. Photo: AP

China slimming down Belt and Road Initiative as new project value plunges in last 18 months, report shows

  • The value of new projects across 61 countries fell 13 per cent to US$126 billion in 2018, with the figure falling further in 2019, according to Gavekal Dragonomics
  • The project was launched in September 2013 by President Xi Jinping, but China’a access to available funds has since diminished
Topic |   China economy

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President Xi Jinping launched the Belt and Road Initiative to build infrastructure to connect China with East Asia, Africa and Europe in September 2013. Photo: AP
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