looking beyond borders

foreign policy and global economy

China Is Spending Nearly $1 Trillion To Rebuild The Silk Road

The initiative is gigantic, with future investments of almost $1 trillion already announced. In comparison, America spent an inflation-adjusted $130 billion on the Marshall Plan following the World War II. China’s web of trade would span over 60 countries that are home to 4.4 billion people — more than half of the world’s population. Further, the initiative would interact with economies representing more than 40 percent of the world’s GDP. It’s a massive program that has the potential to affect global trade patterns.

Read Here – PBS


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