China is drafting rules for overseas investments to be considered part of President Xi Jinping’s Belt and Road Initiative, as a step to better define his signature policy, said Bloomberg.
The National Development and Reform Commission (NDRC) is reported to be working through a list of government-approved Belt and Road Initiative projects to help authorities improve project regulations, said a Bloomberg source.
Beijing’s step to further define the infrastructure scheme is aimed in part to counter growing criticism that BRI has increased debt burdens, leaving governments vulnerable to Beijing’s broader strategic goals.
China is preparing to host more than 40 global leaders at the second Belt and Road Forum in Beijing in late April.