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Chinas Road to Ruin: The Real Toll of Beijing's Belt and Road.

Authors :
BENNON, MICHAEL
FUKUYAMA, FRANCIS
Source :
Foreign Affairs. Sep/Oct2023, Vol. 102 Issue 5, p143-152. 10p.
Publication Year :
2023

Abstract

The article focuses on Chinese President Xi Jinping's Belt and Road Initiative, infrastructure development project in human history. It mentions strategic properties in developing countries forced to turn to the International Monetary Fund (IMF) and other Western-backed international financial institutions for help repaying their Chinese loans. It also mentions Chinese projects have pushed debt-to-GDP ratios to unsustainable levels and produced balance-of-payments crises.

Details

Language :
English
ISSN :
00157120
Volume :
102
Issue :
5
Database :
Academic Search Index
Journal :
Foreign Affairs
Publication Type :
Periodical
Accession number :
170049604