China has a track record of using infrastructure spending, on everything from stadiums to ports, to secure resources and bolster trade around the world. In Latin America, it has turned to space diplomacy, funding satellites and other support systems, which has also helped it cultivate regional allies.
China's Belt and Road Initiative
Last month, Malaysian Prime Minister Mahathir Mohamad announced that his government would cancel three major Chinese-financed infrastructure projects. In an email interview, Yun Sun discusses the implications for Sino-Malaysian relations, and what the move might herald for Chinese development projects elsewhere.
No stranger to political controversy, the International Monetary Fund may soon find itself embroiled in one that pits China’s interests against those of the United States. Beijing’s hugely ambitious international development project, the Belt and Road Initiative, is raising fears of debt crises in the developing world.