Thinking About China
Opinion

China’s Vaunted Belt and Road Initiative Is Not Going as Planned

China’s Vaunted Belt and Road Initiative Is Not Going as Planned
Laborers walk through the Gwadar Port in Pakistan, a multi-billion dollar infrastructure project that China has invested in as part of its Belt and Road Initiative. Amelie Herenstein/AFP/Getty Images
Milton Ezrati
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News Analysis

China’s leadership in Beijing must feel as though the world of finance has ganged up on them. Especially since they spent so many years sitting atop a rapidly growing economy with strong national finances, recent setbacks must have shocked them.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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