WSJ: The Imperial Overreach of China’s Belt and Road Initiative
Thu October, 2020, Age: 2 years
Jonathan Hillman argues that China’s Belt and Road Initiative is “poorly defined and horribly mismanaged”, and additionally suffers from a “gross lack of transparency and accountability”. In its zeal to build, Beijing has bet big on risky investments with dangerous partners, seeking to export its own GDP-driven system of rapid growth driven by infrastructure investments abroad. But this model is already revealing cracks at home, and as “flagship” projects abroad such as the China-Pakistan Economic Corridor (CPEC) begin to flounder, the BRI begins to look less like the Marshall Project and more like a case of ill-advised imperial overreach.