China is in a race against time to re-engineer its faltering economic model, famously described by Wen Jiabao, its last prime minister, as "unsustainable, uncoordinated, unbalanced, and unstable". Against a background of soaring debt levels, proliferating asset bubbles and chronic excess...

The true nature and purpose of China's One Belt One Road (OBOR) initiative are subject to much speculation. The one certainty is that OBOR commands powerful high-level Chinese support and is backed by a large investment of political capital. It is no less than the personal signature initiative...