Beijing has moved past its Covid-era mantra, pivoting from large sovereign loans to green tech investments, but execution bottlenecks and risks remain.

Beijing has moved past its Covid-era mantra, pivoting from large sovereign loans to green tech investments, but execution bottlenecks and risks remain.

Chinese companies have built or financed $1.5 trillion in roads, dams, mines, power plants and other projects around the world in recent decades. The projects have had enormous…