, Columnist
‘Belt and Road’ Will Help the World. China? Not So Much.
Investing in struggling countries carries big risks that are likely to undermine global power ambitions.
Risky business.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
The global economic development initiative that China calls “One Belt, One Road” is considered one of Beijing’s major instruments in its geopolitical conflict with the U.S. But it’s unlikely to do much to boost Chinese power as it helps most of the world.
QuicktakeChina’s New Silk Road