China 

China must ensure transparency to boost credibility of Belt and Road projects, former US diplomat says

China must ensure transparency surrounding the projects under its controversial Belt and Road Initiative to attract international investors, said Daniel Russel, the vice-president of the Asia Society Policy Institute and a former top US diplomat in Asia.The strategy is the cornerstone of President Xi Jinping’s foreign policy that seeks to build infrastructure projects and improve global trade to connect Asia with Africa and Europe, but it has attracted a barrage of criticisms from China’s… Source link

Read More
China 

China must punish officials for ‘cooking the books’ to improve data credibility, top lawmaker says

China should increase supervision and punishment of government officials who manipulate statistics to improve the credibility of its economic data, according to a top lawmaker.Analysts have long had doubts over whether official Chinese government economic data accurately reflects what is going on in the economy.A recent study led by several researchers from the Chinese University of Hong Kong found that China overestimated its nominal and real growth rates by about 2 full percentage points on… Source link

Read More