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Politics

Minxin Pei: Belt and Road is less straightforward than planned

Beijing's grand scheme could turn out to be a financial boondoggle

Turkish President Recep Tayyip Erdogan was one of the 29 heads of state to attend the Belt and Road Forum in Beijing on May 14-15.   © Pool Photo via AP
| China

When Beijing announced its ambitious plan in 2013 to develop infrastructure connecting Asia and Europe, known as the Belt and Road Initiative, the strategic and economic logic seemed overwhelming.

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