Infrastructure Projects: Countries and Guo

infrastructure projects: The debt problems of some developing countries were created by complicated historical reasons, he said, according to Global Times China. It's totally ungrounded calling the Belt and Road Initiative a 'debt trap,' Guo said. China's investments in related countries mainly went to infrastructure projects, which will facilitate local development in the long term, Guo Weimin, spokesperson for the second session of the 13th National Committee of the Chinese People's Political Consultative Conference, told a news conference. The initiative has promoted local economic development and been welcomed by more and more countries along the Belt and Road, Guo said, noting that over 100 countries and international organizations had actively supported and participated in the initiative by the end of last year. The initiative has won the support and acclaims of the leaders and peoples of participating countries, Guo said. China upholds peace and cooperation as well as the principle of extensive consultation, joint contribution and shared benefits when promoting development of the initiative, he said. (news.financializer.com). As reported in the news.