The many motivations behind Xi Jinping’s key foreign policy
On October 17th officials from at least 90 countries are expected to arrive in Beijing for a two-day diplomatic festival. The occasion is a summit organised by Xi Jinping, China’s president, to celebrate the tenth anniversary of the Belt and Road Initiative , his most ambitious foreign-policy programme. It involves China financing billions of dollars of investment in roads, railways and other infrastructure across Eurasia and Africa.
More than 150 countries have signed up to the scheme, including 18 of the EU’s 27 members. That helped make China the developing world’s largest creditor, boosting its diplomatic and geopolitical clout. It has also brought concrete benefits to many developing countries, where roads and railways would otherwise have gone unbuilt. Yet the BRI’s progress has slowed. During the programme’s early years, China lent recklessly to poor countries without proper assessments of risk.
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