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China plans a global infrastructure power grab

Illustration: Sarah Grillo/Axios

China was already building the largest single infrastructure project since the Marshall Plan — the Belt and Road Initiative, echoing planet-spanning 19th and 20th century moves by the British and then the United States to set the rules for global commerce.

What's happening: But now Beijing is looking to amplify its reach far beyond what the U.K. and the U.S. accomplished in their respective heydays.