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Opinion

China can replace Belt and Road bilateral deals with multilateral cooperation

AIIB offers model for drawing countries into sharing authority and easing tensions

| China
A replica of China Railway high-speed trains at the Belt and Road Forum: The BRI has drawn accusations of China pushing states into excessive borrowing.   © Reuters

As even Chinese President Xi Jinping has realized, the Belt and Road Initiative has to find a new groove.

The BRI has come under harsh criticism over the past year, amid the heat of national election campaigns in countries such as Malaysia and the Maldives and accusations of China pushing states into excessive borrowing. Xi moved to address these concerns with his speech to leaders at the Belt and Road Forum in Beijing in late April, pledging a new emphasis on transparency and the sustainability of both financing and projects, as well as "zero tolerance for corruption."

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