meta_pixel
Tapesearch Logo
Log in
WSJ What’s News

How China’s Trillion-Dollar Infrastructure Bet Undercuts U.S. Dominance

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 23 February 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

In great-power rivalries, it matters who's on your side. Twelve years since launching its Belt and Road infrastructure project, Beijing has funneled a trillion-plus dollars into projects in some 150 countries, literally planting its flag around the globe and acquiring a growing roster of economic and diplomatic partners in the process. In the first episode of our three-part series, “Building Influence,” the WSJ’s Gabriele Steinhauser and Lingling Wei, Boston University’s Kevin Gallagher and Stanford’s Eyck Freymann explain how the program has bolstered China’s economic security and given it a platform to cut deals that challenge Western-led norms and counterbalance U.S. influence. Luke Vargas hosts. Further Reading: China Shores Up Ties With Africa Despite Slowing Economy and Friction Over Debt  How China Capitalized on U.S. Indifference in Latin America  China’s Global Mega-Projects Are Falling Apart  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is sponsored by Northern Trust Wealth Management.

0:03.0

There is more to being a successful entrepreneur than just good business practices.

0:07.0

What is it about an entrepreneur's childhood that helped fuel their entrepreneurial spirit?

0:12.0

What are entrepreneurs doing to cultivate the spirit in their own children and build a legacy beyond their business?

0:17.0

Tune in each month to the Road to Y podcast by the Northern Trust Institute,

0:21.2

where host Eric Chappaya dives deeper with leading entrepreneurs on these topics and more. Find

0:26.4

the Road to Y where you listen to your favorite podcasts.

0:28.9

As the competition between China and the West, especially the United States, intensifies,

0:37.0

it really is important how big your friend's circle is.

0:41.7

That's the journal's chief China correspondent Lingling Wei,

0:45.1

and she's far from alone in noting that in the great power rivalry

0:48.9

between the U.S. and China, it matters who's on your side,

0:53.5

whose network of trade partners is growing, who's able

0:56.8

to call in diplomatic favors, and whose financial rules and political norms are being adopted.

1:03.6

For years, Washington's been either indifferent or inconsistent in its dealings with

1:08.7

wide swaths of the globe. At times it's actively

1:11.9

tested the patience of its longtime partners by going back and forth on international

1:16.3

deals like the Paris Climate Accord and the Iran nuclear agreement. China

1:21.0

meanwhile has been building influence. A highway in Pakistan, a new sea port in

1:26.5

Sri Lanka. China's signature foreign policy

1:29.6

outreach project. China and Latin America are getting closer together. Algeria, Ethiopia, Kenya.

1:35.5

Hydro power plant in Uganda, a motorway in Serbia. South Africa, Mozambique, Nigeria and Uganda are

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.