Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
China adjusts Belt and Road initiative to avoid mistakes of $100 billion Forest City

China adjusts Belt and Road initiative to avoid mistakes of $100 billion Forest City

Posted on January 8, 2024   |  

China is changing its Belt and Road Initiative, opting for smaller projects, and promoting the use of its currency, the yuan.

Major real estate firm Evergrande is undergoing bankruptcy proceedings in Hong Kong, given a 6-week restructuring period before its liquidation trial next month.

The Belt and Road Initiative, with over $1 trillion invested since 2013, faces challenges, with the average deal size shrinking to $392 million, 48% smaller than its 2018 peak.

Challenges from the pandemic and China's economic slowdown have affected Belt and Road projects, prompting a reassessment of initiatives.

Chinese officials highlight sustainable debt and prioritize environmentally friendly, cost-effective projects in the Belt and Road Initiative's 10th-anniversary forum.

China's new approach aims to learn from past mistakes, including Malaysia's $100 billion Forest City project by Country Garden, which faced issues in development and occupancy.



Previous Next