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What Kenya’s Embattled Standard Gauge Railway Tells Us About the Future of China’s Belt and Road Initiative

Screenshot from a recent Wall Street Journal video that detailed the repayment challenges Kenya is going to face on its debts to China for the Standard Gauge Railway, in part because of the new government's resistance to forcing more cargo off the roads and onto the railway.

The Wall Street Journal has published a series of articles and videos over the past three weeks detailing what they’re describing as “Belt and Road 2.0” — a slimmed down, much more conservative version of the nearly ten-year-old Chinese global infrastructure initiative.

According to the Journal, the core issue is that Chinese policymakers extended far too much credit to low and middle-income countries that are now finding it difficult to repay billions of dollars of loans.

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