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Publishing date: Dec 14, 2020  •  December 15, 2020  •  7 minute read  •  Lending by the Chinese financial institutions that drive the Belt and Road, along with bilateral support to governments, has fallen off a cliff, and Beijing finds itself mired in debt renegotiations with a host of countries. Photo by Jason Lee /REUTERS Article content It has not taken long for the wheels to come off the Belt and Road Initiative. As recently as May 2017, China’s leader Xi Jinping stood in Beijing before a hall of nearly 30 heads of state and delegates from over 130 countries and proclai...

Big Read - China pulls back from the world: Rethinking Xi's 'project of the century' 12 Dec, 2020 04:00 PM 8 minutes to read Chinese President Xi Jinping speaks during a plenary session at the Eastern Economic Forum in Vladivostok, Russia, 2018. Photo / AP Chinese President Xi Jinping speaks during a plenary session at the Eastern Economic Forum in Vladivostok, Russia, 2018. Photo / AP Financial Times By: James Kynge in Hong Kong and Jonathan Wheatley in London It has not taken long for the wheels to come off the Belt and Road Initiative. As recently as May 2017, China's leader Xi Ji...