China is scaling back the belton road initiative. It wants to focus on a smaller number of higher quality projects, particular focus on climate change. There are some encouraging signs on what we've seen over the last couple of years with a deal on sambia. If we get a deal on shure at anchor as well, that will be a very encouraging sign for a lot of other developing countries which are struggling with debt problems.
After a five-month hiatus, violence has returned to the northern region of Tigray—but that is just one of the conflicts threatening to pull the country to pieces. China’s Belt and Road Initiative has made it a prominent developing-world lender. How will it deal with so many of its loans souring? And our obituaries editor reflects on Issey Miyake’s fashion-for-the-masses philosophy.
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