China’s Trillion Dollar Plan to Dominate Global Trade

China's trillion dollar plan to dominate global trade

China's infrastructure project is one of the largest in modern world history. This is how China plans to become the world’s next superpower:

Posted by Vox on Friday, December 13, 2019

China’s Trillion Dollar Plan to Dominate Global Trade

China has embarked on the most ambitious infrastructure project in modern world history. It’s called the Belt and Road Initiative (BRI), and it spans three continents and covers almost 60 percent of the world’s population. It’s how China plans to become the world’s next superpower.

The BRI essentially has two parts. The first, the economic belt, is made up of six corridorsthat direct trade to and from China. These corridors include roads, railways, bridges, power plants — anything that makes it easier for Europe, Asia, and Africa to trade goods with China. The second part, the maritime silk road, is a chain of seaports from the South China Sea to the Indian Ocean that direct maritime trade to and from China.

Credit Vox