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Key Chinese Belt and Road builder faces rising risks, debt
A critical player in Beijing’s Belt and Road infrastructure-building initiative is under mounting pressure to streamline operations as its debt load soars and economic risks threaten overseas projects.
State-run China Communications Construction Group develops ports,
roads, high-speed rail and real estate. In addition to external
contracts, the Beijing-based group has been investing in and operating
more of its own infrastructure projects in recent years under China’s
international Belt and Road campaign.
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