Beijing’s so-called Belt and Road

The impressive arc of China’s international economic ascent also flattened in the early 2020s. Its robust and well-received international infrastructure programs, mostly as part of Beijing’s so-called Belt and Road Initiative (BRI), came under stress. Many of Beijing’s BRI projects have not produced the envisioned economic returns, even though some have generated coercive political-diplomatic gains.33 In 2022, the Group of Seven (G7) industrialized ufabet