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Chinese President Xi Jinping during a news conference at the end of the Belt and Road Forum, Beijing, May 15, 2017 (Pool photo by Nicolas Asfouri via AP).

China’s ‘One Belt, One Road’ Scheme Falls Into Familiar Investment Traps

Thursday, June 8, 2017

Like the United States before it, China has grown past the narrow pursuit of short-term gains as its economic influence has expanded across the Eastern Hemisphere, if not the world, for most of this century. Emboldened by this growth, but also compelled to look for new markets to supplement its own cooling economy, China is now using this influence to build a global economic network for trade and development, with itself as the driver.

The grand “One Belt, One Road” initiative, known as OBOR, which President Xi Jinping unveiled in 2013, has been touted as the blueprint for this new global vision from China. Beijing’s aspirations are clear in its claims to want to reshape world commerce through new trade routes and transportation links. ...

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