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France Sounds Cautious Note on China's Belt and Road Initiative

  • Questions over stability, access for EU, Treasury says
  • Italy, France differ on taking part in massive Chinese program
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Photographer: Doud Kanter/Bloomberg

China’s Belt and Road initiative raises questions about economic stability for recipient countries and access for European businesses, the French Treasury said Thursday in a report, highlighting diverging European views as Italy seeks to participate in the massive spending program.

The report said the sustainability of finances provided by China is “uncertain” and economic benefits for Europe will depend on how open China is. The infrastructure initiative aims to boost trade and transportation throughout Eurasia.