Western rival to Belt and Road has much to prove

LONDON, Sept 25 (Reuters Breakingviews) – Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. China's $1 trillion Belt and Road Initiative is drowning in bad debts and may be about to lose Italy, the only big rich democracy which is a member. The People's Republic has its own financial problems too, meaning it will struggle to pour more money into overseas investments. The $600 billion plan launched by the Group of Seven wealthy democracies has announced some splashy schemes involving railways and green energy: an economic "corridor" linking India…