There are cracks appearing in the New Silk Road, otherwise known as the Belt and Road Initiative. Launched in 2015 as Chinese President Xi Jinping's signature foreign policy project, it received a warm welcome from countries keen to benefit from Chinese globalization.

Since then, the attitude to China has hardened, especially in many democratic countries. Revelations about 1 million Uyghurs held in reeducation camps and reports of forced labor in Xinjiang, serious questions about China's handling of the coronavirus and its origins, and Beijing's dismantling of democracy in Hong Kong have cooled international enthusiasm for Xi's pet project.

Western countries have been emboldened by a reset of relations under US President Joe Biden, following the chaos and division of the Donald Trump era.