China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, which often entail lending to sovereign borrowers, then BRI raises the risk of debt distress in some borrower countries. This paper assesses the likelihood of debt problems in the 68 countries identified as potential BRI borrowers. We conclude that eight countries are at particular risk of debt distress based on an identified pipeline of project lending associated with BRI.
Because this indebtedness also suggests a higher concentration in debt owed to official and quasi-official Chinese creditors, we examine Chinese policies and practices related to sustainable financing and the management of debt problems in borrower countries. Based on this evidence, we offer recommendations to improve Chinese policy in these areas. The recommendations are offered to Chinese policymakers directly, as well as to BRI’s bilateral and multilateral partners, including the IMF and World Bank.
Urban trees are one of the valuable storage in metropolitan areas. Nowadays, a particular attention is paid to the trees and spends million dollars per year to their maintenance. Trees are often subjected to abiotic factors, such as fungi, bacteria, and insects, which lead to decline mechanical strength and wood properties. The objective of this study was to determine the potential degradation of Elm tree wood by Phellinus pomaceus fungi, and Biscogniauxia mediteranae endophyte. Biological decay tests were done according to EN 113 standard and impact bending test in accordance with ASTM-D256-04 standard. The results indicated that with longer incubation time, weight loss increased for both sapwood and heartwood. Fungal deterioration leads to changes in the impact bending. In order to manage street trees, knowing tree characteristics is very important and should be regularly monitored and evaluated in order to identify defects in the trees.
Excessive usage of chemicals in crops, especially in leafy vegetables, caused people exposed to health and environmental risks. In Iran, spinach used as a winter vegetable that believed has high Iron and is useful for anemia. The objective of the experiment was to determine the optimum use of each macronutrients to obtain safe maximum growth and yield for scaling up among farmers. Treatments were chemical fertilizers including ammonium sulfate, triple superphosphate and potassium sulfate at 50, 100, 150 and 200 kg/h against control in a randomized complete block design. Results showed that nitrogen caused elevation of fresh and dry weight in spinach as the maximum obtained in 200 kg/h ammonium sulfate. Results obtained from effect of phosphorus showed that super phosphate increased fresh and dry weight of spinach; but potassium sulfate had no effect on its growth and yield. Analysis of variance on cross effect of data showed significant differences in fresh and dry weight, number of leaves, chlorophyll content and nitrate, and non-significant differences in length and wide of leaves.
A geologic and geomorphologic study aimed at solving some geological and geotechnical problems, regarding the massive seepage of meteoric waters in the coastal cliffs of the Island of Procida (Naples Bay, Southern Italy) composed of both tuffs and loose pyroclastic deposits, has been carried out in the geosites of Terra Murata (Middle Ages village and coastal cliff towards the Corricella Bay) and Centane-Panoramica (coastal cliff facing on the Tyrrhenian Sea).
A detailed geologic and geomorphologic survey has allowed to suggest solutions to the applied geological and geotechnical problems related to the occurrence of massive seepages of waters at the physical interface between pyroclastic rocks and loose pyroclastic deposits, characterized by different density, permeability and porosity and also controlled by a dense network of fractures, involving the pyroclastic deposits cropping out in the selected areas.
Field sampling and geotechnical laboratory analyses have been carried out to calculate the values of main geotechnical parameters of the yellow tuffs cropping out at the Terra Murata Promontory. At the same time, a detailed monitoring of the seepages of waters has been carried out through a detailed geological survey of the tuff outcrops of the promontory. The obtained results have suggested a strong control from both the geomorphologic instability of the coastal cliff and tectonic setting. At the Centane-Panoramica geosite, the geological survey, coupled with geotechnical analyses and standard penetrometric tests, has accordingly evidenced that the geomorphologic instability was mainly concentrated in the sectors of the tuff coastal cliffs facing seawards towards the Tyrrhenian Sea.
Chinese municipalities have developed a large stock of capital assets during a period of rapid growth and urbanization, but have yet to modernize asset management practices. Cities face challenges such as premature decline of fixed assets and spiking liabilities related to operating and maintaining assets. This paper evaluates the asset management practices in three selected small cities and towns in China, using a benchmarking assessment tool followed by an in-depth field assessment. The paper finds that overall performance is below half the international benchmark for good practice in all three cities. Management practices are considerably more advanced for land than for buildings and infrastructure. Key deficiencies in data availability and reporting, governance, capacity, and financial management indicate increased risks for local government finance and the delivery of public services. For small cities and towns where public revenues are often uncertain and limited, urban public services will be at risk of deterioration unless good asset management practices are put in place. The paper recommends strategic actions for upper and lower levels of government, to advance local asset management practices and facilitate the reform agenda.
Copyright © by EnPress Publisher. All rights reserved.