China has a new global development initiative, but who will actually benefit from it?

By Amitrajeet A. Batabyal, Distinguished Professor and Arthur J. Gosnell Professor of Economics, Rochester Institute of Technology

China’s well-publicized Belt and Road Initiative to invest in infrastructure projects in other countries has helped it expand its political influence around the world. But a newer, lesser-known development program has launched with apparently similar objectives.

There is no question that China is a major player in world affairs, representing the second-largest economy in the world after the United States. In his role as a world leader, China’s President Xi…

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