Why China is scaling down on Belt and Road programme

China’s President Xi Jinping at a meeting of the Shanghai Cooperation Organization summit organized at Samarkand, Uzbekistan, in mid-September. (Photo: AP)Premium
China’s President Xi Jinping at a meeting of the Shanghai Cooperation Organization summit organized at Samarkand, Uzbekistan, in mid-September. (Photo: AP)
 wsj 9 min read . Updated: 28 Sep 2022, 01:16 AM IST Lingling Wei, The Wall Street Journal

China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program. Now, Beijing is working on an overhaul of the troubled initiative, according to people involved in policy-making.