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Credit Suisse Says China Belt-Road Plan May Top $500 Billion

  • Initiative’s future seen as promising amid U.S. isolationism
  • Xi convening 28 world leaders for summit May 14-15 in Beijing
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China's 'Belt and Road' Strategy

Bloomberg News
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China could pour more than half a trillion dollars into its Belt and Road Initiative, and the push for greater global influence looks even more promising with U.S. President Donald Trump pulling back from engagement, according to Credit Suisse Group AG.

The plan could funnel investments worth $313 billion to $502 billion into 62 Belt-Road countries over the next five years, Hong Kong-based analyst Shen Hu wrote in a report Tuesday. In Africa, China may may make additional investments of as much as $79 billion in 13 countries, she said.