Economist Podcasts The belt buckles up: China’s grand plan slims
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Mar 1, 2023 
Kerry in Richmond-Jones, a finance and economics writer for The Economist, and Mathieu Favas, the publication's finance correspondent, dive into China's Belt and Road Initiative, which is becoming more efficient but still ambitious. They discuss the shifting landscape of China's overseas lending and the potential risks for developing nations. The podcast also covers the unexpected success of 'The Chosen', a series about Jesus that resonates with audiences while reshaping Christian entertainment with innovative funding and relatable storytelling.
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Belt and Road's Shift
- China's Belt and Road Initiative, involving massive infrastructure projects, is shifting its focus.
- Originally intended to expand global influence, it now prioritizes profitable projects and strategic gains.
Past Lending Examples
- China's overseas lending history includes diverse projects like the Mecca Metro and Bandar Malaysia.
- These were built by Chinese firms and funded by Chinese loans, showcasing the initiative's vast scope.
Construction Company Accountability
- Chinese construction companies, central to the Belt and Road, lacked accountability for loan failures.
- This incentivized them to undertake unsustainable projects, ultimately leading to a program rethink.