Summary
- China outspent the US almost nine-to-one on infrastructure projects globally from 2013 to 2021
- China lent US$679 billion under its Belt and Road Initiative, while the US provided only US$76 billion in the same period
- Chinese investments could enhance diplomatic and strategic leverage, soft power, and global reputation
- Some downsides of Chinese lending include pollution, infringement on land rights, and cases tainted by bribes