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102 Foreign Aff. 143 (2023)
China's Road to Ruin: The Real Toll of Beijing's Belt and Road

handle is hein.journals/fora102 and id is 1009 raw text is: China's Road to Ruin The Real Toll of Beijing's Belt and Road MICHAEL BENNON AND FRANCIS FUKUYAMA his year marks the tenth anniversary of Chinese President Xi Jinping's Belt and Road Initiative, the largest and most ambitious infrastructure development project in human his- tory. China has lent more than $1 trillion to more than 100 countries through the scheme, dwarfing Western spending in the developing world and stoking anxieties about the spread of Beijing's power and influence. Many analysts have characterized Chinese lending through the BRI as debt trap diplomacy designed to give China leverage over other countries and even seize their infrastructure and resources. After Sri Lanka fell behind on payments for its troubled Hambantota port MICHAEL BENNON is a Research Scholar and Manager of the Global Infrastructure Policy Research Initiative at the Center on Democracy, Development, and the Rule of Law at the Freeman Spogli Institute for International Studies at Stanford University. FRANCIS FUKUYAMA is Olivier Nomellini Senior Fellow at the Freeman Spogli Institute for International Studies and Director of the Ford Dorsey Master's in International Policy at Stanford University. SEPTEMBER/OCTOBER 2023 2 143

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