America’s Chance to Blunt China’s Encroachment

null By Daniel Silverberg and Elena McGovernDec. 4, 2023 6:38 pm ETJournal Editorial Report: The week's best and worst from Bill McGurn, Kyle Peterson, Allysia Finley, Dan Henninger & Paul Gigot. Images: Getty Images/AP/ Composite: Mark KellyWhile the U.S. rightfully focuses on bringing its hostages home from Gaza and alleviating broader tensions in the Middle East, the U.S.-China competition continues unabated. The supplemental funding package for Israel that President Biden proposed in October contains a $1.25 billion funding request for the International Bank for Reconstruction and Development—a part of the World Bank—to help developing nations such as Kenya, Morocco and Nigeria get loans from Western organizations instead of from China. Congress should endorse this package and enact additional measures to weaken Chinese economic influence in the developing world. For a decade, China has pushed its Belt and Road Initiative—an ambitious project aimed at linking countries around the

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Opinion Dec 4, 2023 Add to Reading List

America’s Chance to Blunt China’s Encroachment

null

Daniel Silverberg

and

Elena McGovern

Dec. 4, 2023 6:38 pm ET

Journal Editorial Report: The week's best and worst from Bill McGurn, Kyle Peterson, Allysia Finley, Dan Henninger & Paul Gigot. Images: Getty Images/AP/ Composite: Mark Kelly

While the U.S. rightfully focuses on bringing its hostages home from Gaza and alleviating broader tensions in the Middle East, the U.S.-China competition continues unabated. The supplemental funding package for Israel that President Biden proposed in October contains a $1.25 billion funding request for the International Bank for Reconstruction and Development—a part of the World Bank—to help developing nations such as Kenya, Morocco and Nigeria get loans from Western organizations instead of from China. Congress should endorse this package and enact additional measures to weaken Chinese economic influence in the developing world.

For a decade, China has pushed its Belt and Road Initiative—an ambitious project aimed at linking countries around the world through railways, pipelines and other infrastructure financed by Chinese state-owned banks. The U.S. can offer better partnerships to secure countries’ futures while making the U.S. economy more resilient.