Unlike the Marshall Plan, the Belt and Road Initiativ

2019年5月7日

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does not require participation in military alliances. It is not predicated on another Cold War. It does not seek self-inte

rested economic sanctions against the rest of the world. Nor does it encourage regime change to force its will on the in

ternational community. It is focused on 21st century global economic development.

A regulation unveiled by the State Council on Sunday prohibits authorit

ies from borrowing in ways that skirt laws and regulations to raise government in

vestment funds, as China works to further standardize official investment actions.

The regulation, published after a State Council decree was signed by Premi

er Li Keqiang, stipulates that government investment actions must take account of eco

nomic and social development levels and the situation of financial revenue and expenditures.

The author is the founder of Difference Group and has served at the India,

China and America Institute (US), Shanghai Institute for International Stud

ies (China) and the EU Centre (Singapore). The views don’t necessarily represent those of China Daily.

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