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Launched in 2013, China's Belt & Road Initiative is predicted to spend as much as $1.2 - $1.3 trillion on infrastructure around the world by 2027.Projects are funded using low-interest loans as opposed to aid grants, but countries must use Chinese firms to complete the work.More than 60 countries have signed up to the deal, representing around two-thirds of the world's population.When a country can't make the repayment, like a pawnbroker, the Chinese Government swoops in and takes the infrastructure asset and more.It's called DEBT for EQUITY and is China's Trojan horse for regional development and military expansion.