Everand Logo

Welcome to Everand!

  • Los Angeles Times

    Xi rebrands China foreign loan initiative in hopes of calming fears over geopolitical reach

    by Alice Su, Los Angeles Times Apr 26, 2019 5 minutes

    BEIJING - China's flagship foreign policy initiative, designed to provide loans for infrastructure projects in developing nations, will meet higher standards for environmental protection and safeguards against corruption, Chinese President Xi Jinping said Friday in a keynote address at an international Belt and Road Initiative forum in Beijing.

    "In pursuing the Belt and Road, everything should be done in a transparent way and we should have zero tolerance for corruption," said Xi, addressing some 40 global leaders and 5,000 attendees at the conference, the second since the investment program was launched in 2013.

    With more than $440 billion in loans already targeted to development projects across Asia, Africa, Europe and Latin America, the program has led to agreements with 125 countries. But it has also resulted in questions and criticism about the level of debt incurred by participating countries and whether China

    You’re reading a preview, subscribe to read more.

    More from Los Angeles Times

    Los Angeles Times5 min read
    Fireworks, Drones, Travis Scott Hats: USC Hosts Alternative Graduation Event. Feelings Are Mixed
    No valedictorian speech. No celebrity speakers. No main-stage ceremony, and no massive graduate walk to “Pomp and Circumstance” before tens of thousands of guests. Instead, the University of Southern California’s graduating seniors — whose traditiona
    Los Angeles Times2 min read
    Woman Claiming To Be Real Martha Tells Piers Morgan 'Baby Reindeer' Is 'Hyperbole'
    Will the real Martha Scott please stand up? At least one woman has now done so: In an interview with British television presenter Piers Morgan that was posted to his YouTube channel on Thursday, 58-year-old Scotswoman Fiona Harvey claims to be the ba
    Los Angeles Times5 min readWorld
    Commentary: Since The Hamas Attack, Israelis Have Begun Arming Themselves The American Way
    Among the core Israeli national narratives that have been fractured by the Hamas terror attacks and months of war and violence is the notion that Israel’s ethos on firearms differs from that of the United States. Both countries can be characterized a

    Related Books & Audiobooks