REUTERS/Jason Lee
- China's sprawling Belt and Road Initiative has spread development funding around Asia, Africa, and Europe.
- But foreign governments have warned the terms of BRI deals could pose risks to the countries signing them.
- Now officials in Beijing appear to be acting on their own concerns about unsustainable spending and unwieldy debt.
Since announcing its Belt and Road Initiative five years ago, China has spread billions of dollars around Asia, Africa, and Eastern Europe, supporting a variety of infrastructure projects and stoking concern about Beijing's growing global sway.
But China appears to be pumping the brakes on lavish BRI-related spending, and it could be a sign it's worried about the scale of its commitments.
See the rest of the story at Business Insider
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