President Xi Jinping defends BRI

By Andy Brown26 April 2019

Belt and road

The economic corridors being opened up by the One Belt One Road project

Chinese President Xi Jinping has looked to alleviate growing concerns about China’s Belt and Road Initiative (BRI).

Speaking at a BRI summit in Beijing, China, which was attended by over 30 world leaders, he is reported to have said, “The Belt and Road is not an exclusive club.”

The BRI has been criticised for placing countries into unsustainable levels of debt. For example, Sri Lanka had to hand over the deep sea port of Hambantota for 99 years to China’s Merchant Port Holdings in exchange for US$1.1 billion in debt relief.

Talking about the concern over debt levels Xi added, “We also need to ensure the commercial and fiscal sustainability of all projects so that they will achieve the intended goals as planned.”

Since BRI launched in 2013, China has invested around US$90 billion in projects while banks have provided upwards of US$300 billion in loans, according to Chinese officials.

Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Computer vision AI sees the way forward
Salman Chaudhary, CEO at EmpiricAI, explains why computer vision AI offers a glimpse of the future of health & safety in the construction sector
How wearable technology is used in construction
Wearable technology is helping construction companies become more productive and is also boosting health and safety 
Post-pandemic demand lengthens delivery times for construction equipment
Government stimulus measures following the global pandemic have led to a surge in demand for construction equipment
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: