Stories

China's grand infrastructure plan has spooked its rivals

Illustration: Sarah Grillo/Axios

In challenging China's aim to dominate the future economy and set the global rules for how commerce is done, the U.S. and Europe are going up against history.

Quick take: For centuries, rising great powers have sought to thrive and exert influence by establishing a new global framework for trade. Now, Beijing wants to control the greatest businesses, and is building the biggest infrastructure project since at least the Marshall Plan — the Belt and Road Initiative (BRI).