China’s Belt and Road Initiative is the world’s boldest geo-economic vision. In carrying out their flagship foreign-policy effort, China plans to spend over one trillion dollars on infrastructure touching over one hundred and thirty countries, and even beyond into the Arctic and outer space. While Beijing claims this is in the name of promoting global development, Washington is warning of a path to global dominance. Jonathan Hillman, Senior Fellow, Economics Program, and Director, Reconnecting Asia Project and Agatha Kratz, Adjunct Fellow (Non-resident), Reconnecting Asia Project and Economics Program of the Centre for Strategic & International Studies join Mark Sobel to discuss a Hillman’s latest book, Chinese commercial lending, the Debt Service Suspension Initiative and sustainability.
The Belt and Road Initiative and China’s global economic vision
