Rise of China’s Export Credit Policy Insurance in Eurasia
... means that all investment in the Belt and Road is effectively backstopped by the state and denominated in RMB. For host economies, there is nothing wrong with letting the China side take the financial risk if the project is of direct benefit to the host economy. But if the RMB denominated risk is on the Eurasian side , and the project is to the benefit of Beijing, such as with Uzbekneftgaz’s pipeline construction, then who is really win-winning? As the major underwriter for China’s key industrial ...
06.07.2018