As China expands its Belt and Road Initiative, countries should be wary and examine the record of previous investments.
Though China promises billions of dollars in infrastructure loans and economic development, the risks and costs associated with China’s Belt and Road include excess debt, environmental concerns, loss of control of strategic assets and other factors that hurt recipient countries.
China’s Belt and Road Initiative is aimed at re-creating and expanding the famed Silk Road trade routes that connected China to the world.
The United States offers a better option through transparent, free and fair trade deals.
“We don’t drown our partners in a sea of debt. We don’t coerce or compromise your independence,” Vice President Pence said at the 2018 Asia-Pacific Economic Cooperation Summit.
[Editor’s note: Map not authoritative]