Minxin Pei is professor of government at Claremont McKenna College and a nonresident senior fellow of the German Marshall Fund of the United States.
Coronavirus crash in commodity prices has wasted $200 billion in investment and loans

A Chinese worker talks to his colleague at an oil production facility in Sudan in December 2010: China's foray into Africa coincided with the peak of the commodity supercycle. © Tribune News Service/Getty Images
Minxin Pei is professor of government at Claremont McKenna College and a nonresident senior fellow of the German Marshall Fund of the United States.