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China's Belt and Road Cracks Down on Corruption in Image Revamp

  • Authorities tone down publicity before Xi’s second BRI forum
  • Regulators step up oversight of investment, overseas projects
Bloomberg business news
AIIB President Jin discusses Sri Lanka bombings, membership, China’s Belt & Road initiative, and the U.S.-China spat.(Source: Bloomberg)
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Chinese President Xi Jinping’s grand Belt and Road Initiative is getting a makeover to tone down government rhetoric and tighten oversight, after allegations of corruption and a lack of sustainability dogged some of its highest-profile projects.