Tale of two Belt and Road Initiative port projects in Malaysia shows limits of Chinese money

Most studies of Beijing’s ambitious Belt and Road Initiative to grow global trade have focused on the goals that China seeks to achieve, oftentimes at the expense of host countries.It is viewed through such a lens largely because of the scale of financing and number of players involved. In 2016, the Chinese government allocated more than US$900 billion to belt and road projects through facilities such as the Asian Infrastructure Investment Bank, the Silk Road Fund and the China Development Bank…