When China launched its Belt and Road Initiative 10 years ago, it touted huge infrastructure spending linking it with Western Europe, which as recently as 2019, Britain's then-finance minister said had 'tremendous potential to spread prosperity and sustainable development'.
Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023.
Such Western doubts have coincided with Xi's assertive leadership and a deterioration in ties over trade, human rights, COVID-19 and Taiwan. Italy, the only Group of 7 nation to sign on to the scheme, is now China says more than 130 countries will attend this week, notably from Latin America and Africa, although, unlike in previous years, many more are sending ministers rather than heads of state.On Monday, a hotel in downtown Beijing hosting delegations from Russia, Kazakhstan and Congo was buzzing with activity, its lobby decorated with displays of BRI goods and guarded by metal detectors at entrances.
In particular, she pointed to the Global Development Initiative, a $10 billion programme started in 2021 to promote "social and economic development", similar schemes focused on security and "civilization".
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