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China's Belt and Road needs to be transparent, fiscally sustainable: Xi

AFP  |  Beijing 

China's Belt and Road projects need to be transparent and fiscally sustainable, Chinese President Xi Jinping said Friday in an apparent acknowledgement of growing concerns about debt linked to his global infrastructure initiative.

There will also be "zero tolerance" for corruption, Xi said at a Belt and Road summit, adding that the initiative "is not an exclusive club".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 26 2019. 07:50 IST