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Road construction workers in Colombo, Sri Lanka, on August 5, 2018. Sri Lanka is a key link in Beijing's ambitious Belt and Road Initiative. Photo: Lakruwan wanniarachchi/AFP via Getty Images

Five years after it was announced, China’s massive Belt and Road Initiative (BRI) —which could include upward of $1 trillion in new infrastructure — has yet to materialize on the ground as promised.

The details: According to Chinese President Xi Jinping and other senior officials, the BRI includes six economic corridors that that will carry goods, people and data across Asia and beyond. But a new study shows that Chinese investment is just as likely to go outside those corridors as within them. The BRI appears to be less coordinated than Beijing hopes and some critics fear.

Rather than following Beijing’s grand designs, much of the BRI’s activity to date looks more scattered and opportunistic. The exception is the China–Pakistan Economic Corridor (CPEC), which is the only corridor that connects China with a single country. China's power plants, roads and other projects along the CPEC total some $62 billion in investment, and have helped create a debt crisis in Pakistan.

The gap between China’s official plans and actual activities suggests interest groups are skewing Xi’s signature initiative. Without specific criteria for what qualifies, the BRI has grown to encompass cyberspace, the Arctic, and even outer space, and there are now BRI-branded fashion shows, marathons and art exhibits. As the list of functions and geographies grows, more interest groups enter the battle for spoils. Without more rigorous oversight by Chinese officials, there is no reason to expect this competition to converge upon the BRI’s six economic corridors.

Why it matters: Beijing’s control problem could provide an opportunity for its partners and competitors, including the U.S., to reshape parts of the BRI, minimizing costs for U.S. interests and maximizing value for global development.

Jonathan Hillman is director of the Reconnecting Asia Project at the Center for Strategic and International Studies.

Go deeper

Mike Allen, author of AM
4 mins ago - Economy & Business

Charted: GOP surged as Biden slumped

Expand chart
Reproduced from Gallup. (Independents were asked their party leaning.) Chart: Axios Visuals

Gallup polling found a huge shift in party preference over the course of 2021, from a 9-point Democratic advantage in the first quarter to a 5-point Republican edge in the fourth quarter.

Why it matters: It's the biggest swing in one calendar year for Gallup's 30 years of tracking.

Miriam Kramer, author of Space
24 mins ago - Science

A new NASA astronaut corps for the next era in space

Illustration: Aïda Amer/Axios

NASA's next crewed missions to the Moon will need a larger, differently-trained and multi-skilled astronaut corps to deliver on the agency's ambitions.

Why it matters: NASA has plans to fly astronauts to the surface of the Moon in 2025 and ultimately establish a long-term presence there. That goal requires a robust corps with new, specialized training in what it takes to live and work on the Moon — and NASA needs to start planning now.

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.

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