Expert says it is possible to minimize financial risks related to Initiative

To control financial risks, Chinese companies need to make prudent investments on expansion into economies participating in the Belt and Road Initiative, said Justin Yifu Lin, former chief economist and senior vice-president of the World Bank.

They must select only those destinations for investments where supportive facilities and policy are available, said Lin.

Project-related risk can be spread or minimized through insurance, to counter policy risk or exchange rate risk, he told a news conference recently.