Christine Lagarde sounds warning about environmental damage and high debt levels

The head of the International Monetary Fund has warned China against damaging the environment through unsustainable overseas investments as part of its “belt and road” infrastructure initiative.

Christine Lagarde, the IMF’s managing director, used a speech in Beijing on Friday to urge the Chinese government to focus the initiative, which involves spending billions on overseas infrastructure projects to connect China with the world, on sustainable development.

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