How China is reeling in its global tentacles

9 min read 27 Sep 2022, 06:02 PM IST Lingling Wei , The Wall Street Journal

After loans have gone sour and projects have stalled, Beijing is revamping its troubled BRI initiative.

Chinese President Xi Jinping once called the BRI “a project of the century,” but the overhaul exposes limits to his vision to reshape the global order. Photo: AP

China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program. Now, Beijing is working on an overhaul of the troubled initiative, according to people involved in policy-making.