It involves building infrastructure all over the world (except North America and Western Europe I guess) to facilitate trade between China, the rest of Asia and Middle East, Russia, South Africa and so on. I don’t know the details but this is the gist of it. It involves laying down of roads, railway tracks, gas pipelines and such.
Also offers low-interest loans for building the infrastructure without requiring changing the economy, government, or welfare systems like IMF and World Bank loans. Many of the loans are forgivable. In some instances non-payment of the loans could involve direct Chinese takeover of some projects, but this isn’t preferable to either side as the goal is to develop local production and employment and not just export Chinese labor
It involves building infrastructure all over the world (except North America and Western Europe I guess) to facilitate trade between China, the rest of Asia and Middle East, Russia, South Africa and so on. I don’t know the details but this is the gist of it. It involves laying down of roads, railway tracks, gas pipelines and such.
Also offers low-interest loans for building the infrastructure without requiring changing the economy, government, or welfare systems like IMF and World Bank loans. Many of the loans are forgivable. In some instances non-payment of the loans could involve direct Chinese takeover of some projects, but this isn’t preferable to either side as the goal is to develop local production and employment and not just export Chinese labor
I’ve seen Poland included in the plans and I wonder whether to critically support it or rather oppose it.
Any initiative that weakens the hegemonic chokehold of the US and Western Europe over the global economy is cool and good.