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Read the fine print: the perils of Chinese development finance

The world is waking up to Beijing's duplicity

| China
This Silk Road Fund promotion was on display in the media center in Beijing during the Belt and Road Forum in April 2019. It is clear China's new Silk Road is a smokescreen that obscures a lifetime of dependencies to come, the U.S. ambassador to Japan says.   © AP

Rahm Emanuel is U.S. ambassador to Japan.

In February, Secretary of State Antony Blinken detailed President Joe Biden's blueprint to firmly anchor the United States in the Indo-Pacific, striving to solidify American leadership in the region. A free and open Indo-Pacific needs governments to safeguard democracy and commit to transparency. It requires deepening our partnerships to counter coercion, ensuring security and stability. And it means recognizing our economies -- and the prosperity our people produce -- are increasingly interconnected.

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