Panellists at the Belt and Road Summit in Hong Kong addressed the risks associated with China’s landmark initiative, sounding the alarm over opportunistic behaviour, unsustainable debt and ignoring ESG factors.
Singapore’s Changi Airports is part of the winning consortium, making it the second foreign investor to participate in Japan’s privatisation programme after France’s Vinci Airports took over three hubs in the past two years.
Right now, the 'One Belt One Road' initiative is mostly benefitting Chinese investors. Whether it will seed a bigger boom, capable of attracting a substantial amount of non-Chinese private capital is an open question. Nia Tam investigates.