China’s belt and road will still focus on hard infrastructure, whatever Beijing says
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
A professed shift in focus from hard infrastructure to ‘institutional connectivity’ is laudable but unlikely. The open nature of the belt and road deters efforts to shape it into a more binding platform, and Chinese companies are likely to cement their foothold in the industry by building more, not less.