Will China's silk road dream turn into a nightmare?

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Bloomberg has doubts over the wisdom of China’s One Belt, One Road policy. While acknowledging the benefits to China of closer ties with countries along the route, and a policy that leaves out the West, the article notes the high degree of “dubious governance” in some countries, exposing China’s vast sums to possible corruption or waste. It also points out that a quarter of all China’s overseas investments in construction and engineering projects between 2005 and 2014 have stalled or ...