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Beijing adapts Belt and Road Initiative to manage ESG risks
As the BRI enters its 12th year, China has taken steps to address challenges created by its flagship infrastructure initiative. Beijing’s Belt and Road Initiative (BRI) is now well over a decade old and has invested hundreds of billions of dollars in infrastructure projects across the globe. However, following the commitment of Chinese state-backed financing, many projects have encountered environmental, social, and governance (ESG) problems during implementation.
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