Ancient Silk Road revival plans could be the new risk to Chinese banks

China’s expansive overseas infrastructure lending through the One Belt One Road (OBOR) initiative could create new asset-quality risks for its banking system, Fitch Ratings warned. Launched in 2013, the Xi Jinping-backed initiative aims to revive the ancient Silk Road and strengthen Chinese ties with more than 60 countries across Asia, Europe and East Africa through … Read more Ancient Silk Road revival plans could be the new risk to Chinese banks