Has China strategically over-stretched itself on BRI and Indo-Pacific?

With several countries in Indian sub-continent and Africa squeezed by the Chinese Belt Road Initiative debt trap and the Indo-Pacific rattled by PLA’s belligerence since the past decade, the global mood over Beijing is overall negative as President Xi Jinping along with his “no limits” friend Vladimir Putin of Russia are seen as two major contributors to global instability. While only an unforeseen political catastrophe can prevent President Xi Jinping from securing his third term and becoming China’s eternal leader in late 2022, the autocrat is clearly in for a most challenging term with the Communist nation showing signs of strategic over-stretch on both foreign and domestic fronts. President Xi’s “Chinese Dream” for national rejuvenation, floated when he took over the Middle Kingdom in 2012, today faces serious challenges with economic downturn and growth forecasts cut, increased Covid cases leading to draconian lockdowns and increasingly restive population, and a seemingly unrepairable crack in its bilateral relations with the US post House Speaker Nancy Pelosi’s visit to Taiwan this month. While President Xi’s power projection over Taipei in the form of flying over 400 fighters, nuclear capable bombers and numerous warships in Taiwan Straits may have won him brownie points with his domestic audience and supporters of Communist Party of China (CPC) abroad, there is little evidence that Beijing will resort to force application on the breakaway Republic without paying huge political and economic costs.

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