The Overseas Development Institute's Yunnan Chen explains his view to the FT's James Kynge
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And in this period is when we also see the government trying to push companies and exporters to go out to seek more lucrative better returns in international markets. And they also inject capital into China's policy banks and financial institutions, which enables them to provide the financing to support Chinese companies to win these contracts overseas.
And so really, I mean, that seems like there's been a lot of very positive activity. Have you seen clear impacts on the ground? Well, that's a very interesting point. So in a sense this money is being lent by China to prevent defaults by countries to Chinese financial institutions that have lent to the BRI.
Going forward, do you think that the Chinese government is prepared to continue with these BRI bailouts? Are we going to see tens of billions of US dollars every year being spent by the Chinese government to bail out these BRI projects, or are we going to see something different? So what do you think comes now, then? I mean, is China falling out of love with the BRI? Is China going to stop the lending to the BRI projects? Or are we already seeing, actually, a decline in the level of lending to BRI? What do you think the future holds for all of this?
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