Jeff Luse writes in RealClearWorld on how economic freedom can counter China’s BRI.
As America faces supply chain shortages, decades-high inflation, and political division, China has been busy expanding its geopolitical influence. Last year, China invested $56.5 billion into its Belt and Road Initiative (BRI), a slight decrease from $60.5 billion the year before.
Through the BRI, the Chinese Communist Party is funding infrastructure projects in 140 developing countries, with a specific focus on developing influence in Africa and the Middle East.
China’s BRI poses significant economic and environmental problems that the U.S. needs to address. By financing the infrastructure projects that nations sorely need, China is increasing its leverage in global markets for years to come while powering BRI projects with emissions-heavy coal.
Read the rest of the article on RealClearWorld.