China Widens its Silk Road to the World

Escobar, Pepe
Date Written:  2017-05-17
Publisher:  CounterPunch
Year Published:  2017
Resource Type:  Article
Cx Number:  CX20749

China's new 'Silk Road' initiative is a large-scale, multilateral development Asian project which has the potential to change the shape of the world economy.



Let’s cut to the chase. China's new ‘Silk Road’ initiative is the only large-scale, multilateral development project that the 21st century has seen so far.

There is no counter-offer from the West.

Which is why the two-day Belt and Road Forum for International Cooperation, starting this Sunday in Beijing, is being set up as a game-changer for the global economy. Here the initiative looks likely to switch to Mark II mode, accelerating into what President Xi Jinping dubbed, at Davos in January, “inclusive globalization.”
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