A boat sails past the Shiji Bridge in Haikou, Hainan province, on May 3. Haikou is an important city in the Belt and Road Initiative. The belt and road might be called a visionary development, coming at a time when leading Western nations had all but forgotten the critical role infrastructure can play in economic and social development. Photo: Xinhua A boat sails past the Shiji Bridge in Haikou, Hainan province, on May 3. Haikou is an important city in the Belt and Road Initiative. The belt and road might be called a visionary development, coming at a time when leading Western nations had all but forgotten the critical role infrastructure can play in economic and social development. Photo: Xinhua
A boat sails past the Shiji Bridge in Haikou, Hainan province, on May 3. Haikou is an important city in the Belt and Road Initiative. The belt and road might be called a visionary development, coming at a time when leading Western nations had all but forgotten the critical role infrastructure can play in economic and social development. Photo: Xinhua
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Hostility to China preventing groundbreaking global cooperation on infrastructure building

  • With enough support, the China-led AIIB could expand to lead a joint effort to address infrastructure gaps that were already huge before Covid-19 struck, boosting economic recovery
  • The other major Chinese-led project, the belt and road, is similarly shunned by the US and some major developed countries, to the detriment of the greater interest

A boat sails past the Shiji Bridge in Haikou, Hainan province, on May 3. Haikou is an important city in the Belt and Road Initiative. The belt and road might be called a visionary development, coming at a time when leading Western nations had all but forgotten the critical role infrastructure can play in economic and social development. Photo: Xinhua A boat sails past the Shiji Bridge in Haikou, Hainan province, on May 3. Haikou is an important city in the Belt and Road Initiative. The belt and road might be called a visionary development, coming at a time when leading Western nations had all but forgotten the critical role infrastructure can play in economic and social development. Photo: Xinhua
A boat sails past the Shiji Bridge in Haikou, Hainan province, on May 3. Haikou is an important city in the Belt and Road Initiative. The belt and road might be called a visionary development, coming at a time when leading Western nations had all but forgotten the critical role infrastructure can play in economic and social development. Photo: Xinhua
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London