"The West is emulating China's Silk Road project. But politically motivated lending can be expensive. So please, not another Silk Road.
The West is fighting back. After China was able to expand its influence in the world for a long time with cheap loans and large infrastructure projects, the United States and its partners are now using the G-20 summit in India to announce something similar.
Chinese President Xi Jinping did not arrive. One can only speculate about the reasons, but in any case he left the stage in New Delhi to the others. They knew how to use it. While the vision of a fast train connection between India and Europe is fascinating, there is lively speculation about pipelines through which green hydrogen will flow from the East to the West in the future.
At the same time, they want to strengthen financial organizations in Washington. A new instrument is intended to enable the World Bank to issue more loans for the benefit of everyone. But be careful: not everything that looks nice is worth it. The Chinese in particular are having this painful experience with politically motivated lending. The West has to do better. So please, no more Silk Road." [1]
1. Teure China-Kopie. Frankfurter Allgemeine Zeitung (online)Frankfurter Allgemeine Zeitung GmbH. Sep 10, 2023. Von Manfred Schäfers
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