Opinion | China’s dreams of world leadership are fading as its belt and road projects start to sour

  • The Belt and Road Initiative, hailed for promoting development, is coming under fire as debt burdens grow, reflecting a growing wariness of Beijing’s posturing as a global leader-in-waiting on an international stage that seeks to promote debate rather than censor it

President Xi Jinping has become accustomed to casting himself and China as natural heirs to the leadership of the global system. But is a country that regularly violates global norms, standards and laws really the right country to lead the world? Photo: Xinhua

A good way to measure China’s appeal for the rest of the world is to gauge the success of its Belt and Road Initiative.

As of last September, Beijing had signed more than 190 cooperation documents with more than 160 countries and international organisations in support of the trade initiative to link economies into a China-centred trading network. Its cumulative investment has exceeded US$100 billion, with construction projects valued at a staggering US$720 billion.

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