Xiao Gang has kept a low profile since he was forced out of his job with the China Securities Regulatory Commission amid the turbulence in China’s fragile stock market. Photo: Xinhua

If China wants to quieten ‘belt and road’ critics, it must meet global investing rules, says former securities watchdog boss

  • Xiao Gang, former China Securities Regulatory Commission chairman, says belt and road investment built solely on Chinese funds is unsustainable
  • It was his first public speech overseas since stepping down as securities watchdog chief after China’s stock market meltdown
Topic |   Investing

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Xiao Gang has kept a low profile since he was forced out of his job with the China Securities Regulatory Commission amid the turbulence in China’s fragile stock market. Photo: Xinhua
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Beijing’s investment in Kenya’s railways under its belt and road global infrastructure plan aims to revive and extend trading routes connecting China with Central Asia, the Middle East, Africa and Europe. Photo: Bloomberg

China’s Belt and Road Initiative will add US$117 billion to global trade this year, a new study shows

  • Euler Hermes says nations targeted by the initiative will see higher trade volumes, even if they are yet to receive any direct investment from China
  • The trade insurer estimates that the Belt and Road Initiative resulted in US$460 billion worth of investments in the five years since its inception in 2013
Topic |   China economy

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Beijing’s investment in Kenya’s railways under its belt and road global infrastructure plan aims to revive and extend trading routes connecting China with Central Asia, the Middle East, Africa and Europe. Photo: Bloomberg
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