When China’s leader, Xi Jinping, last visited Europe’s formerly communist east in 2016, the president of the Czech Republic hosted him for a flag-bedecked, three-day state visit and offered his country as an “unsinkable aircraft carrier” for Chinese investment.
That vessel has since sunk, scuppered by China’s support for Russia in the war in Ukraine and bitter disappointment over projects that never materialized. Also capsized are many of the high hopes that took hold across Eastern and Central Europe for a bonanza of Chinese money.
So when Mr. Xi returns to…
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