HONG KONG – Chinese President Xi Jinping’s tenure has been marked by high ambition. His vision – the “Chinese dream” – is to make China the world’s leading power by 2049, the centenary of communist rule. But Xi may be biting off more than he can chew.
A critical element of Xi’s strategy to realize the Chinese dream is the “one belt, one road” (OBOR) initiative, whereby China will invest in infrastructure projects abroad, with the goal of bringing countries from Central Asia to Europe firmly into China’s orbit. When Xi calls it “the project of the century,” he may not be exaggerating.[Source]