China’s New Silk Road Is Getting Muddy

Dr. Eisenman argues that Asia watchers ought to turn their attention to this “game-changing” infrastructure and development plan. He writes, “under OBOR, China is loaning hundreds of billions of dollars to fund infrastructure construction in foreign countries during an economic slowdown at home — a recipe that could spell disaster if it fails to stimulate the Chinese economy or leaves poor countries hopelessly in hock to Beijing.” Furthermore, Dr. Eisenman notes that China is loaning money to some of the least accountable countries in the world–creating the opportunity for further entrenchment of corruption and fraud. 

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