25 Apr '17, 11am

China's One Belt, One Road to challenge US-led order

China's One Belt, One Road to challenge US-led order

Next month, what is likely to be this year's biggest international summit will convene in Beijing to discuss the world's most ambitious project. China's "Belt and Road Initiative" aims to redefine the global economy of the 21st century by integrating the economies of Europe, Asia and Africa through an unprecedentedly powerful network of transport and communications infrastructure. Some estimates put the price tag at a trillion dollars, which would make it one of the biggest, if not the biggest, economic development programme in history, far overshadowing America's Marshall Plan which rebuilt Europe after World War II. No wonder so many world leaders are turning up in Beijing to claim a piece of it. China's Foreign Minister recently announced that 110 countries would be represented, including no fewer than 28 national leaders. They include the presidents of Russia, Turkey, ...

Full article: http://www.straitstimes.com/opinion/chinas-one-belt-one-r...

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