World leaders are gathering in Beijing this weekend for a big summit touting China’s infrastructure spending spree to connect Europe, the Middle East, Asia, and Africa. The project, known as the Belt and Road Initiative—or “One Belt, One Road” (OBOR) in straight translation—was introduced by president Xi Jinping in 2013 as a land-and-sea version of the fabled Silk Road trading route of the 16th to 18th centuries.

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