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How China Aims to Remake Global Trade in Its Image

Posted May 16, 2017

Under Economic Issues, International Trade Issues


(Jane Perlez & Yufan Huang – New York Times)

Along the jungle-covered mountains of Laos, squads of Chinese engineers are drilling hundreds of tunnels and bridges to support a 260-mile railway, a $6 billion project that will eventually connect eight Asian countries.

Chinese money is building power plants in Pakistan to address chronic electricity shortages, part of an expected $46 billion worth of investment.

Chinese planners are mapping out train lines from Budapest, Hungary, to Belgrade, Serbia, providing another artery for Chinese goods flowing into Europe through a Chinese-owned port in Greece.

The massive infrastructure projects, along with hundreds of others across Asia, Africa and Europe, form the backbone of China’s ambitious economic and geopolitical agenda. President Xi Jinping of China is literally and figuratively forging ties, creating new markets for the country’s construction companies and exporting its model of state-led development in a quest to create deep economic connections and strong diplomatic relationships. Click here to read more.

Related:

China Pushes for Free Trade Leadership as U.S. Retreats (Marketplace)

Australia Backs China’s Belt and Road Initiative (Bloomberg)

Western Firms Bet Big on China’s Billion-Dollar Infrastructure Project (WSJ)