Why Is China Building A New Silk Road?

There are strong commercial and geopolitical forces at play here, first among which is China’s vast industrial overcapacity – mainly in steel manufacturing and heavy equipment – for which the new trade route would serve as an outlet. As China’s domestic market slows down, opening new trade markets could go a long way towards keeping […]

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Silk Road Wide Enough For China-US Cooperation

Over 2,000 years ago, the ancient Silk Road, a 7,000-km-long trade route created by camel-driving merchants, started to link China with Europe via central and west Asia. Today, the ancient invention still inspires both China and the United States when they work out their respective blueprints to promote regional development. Sprouting from the inspiration, the US “New […]

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Japan’s Strategy For Central Asia

Japan’s expanded diplomatic overtures can be explained in two main ways. First, they could be seen as a means of balancing against China. If true, this would effectively be a form of unwitting indirect assistance to Russia, whose own traditional hegemony in Eurasia is being seriously challenged by China’s growing trade ties and economic presence […]

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Building The New Silk Road

More than two thousand years ago, China’s Han Dynasty launched the Silk Road, a sprawling network of commerce that linked South and Central Asia with the Middle East and Europe. Today, the idea of a “New Silk Road,” an intertwined set of economic integration initiatives seeking to link East and Central Asia, has taken hold […]

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Straight From Shakespeare’s Pen

Welcome to Uzbekistan, a country that in recent months has been home to a drama that could have come straight from Shakespeare’s pen. Playing the leading roles are: a dictator, who has had his country under his iron grip for a quarter-century; his glamorous daughter, who he had been grooming as his successor; and his […]

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The Silk Road Conundrum

As a cornerstone of a market economy, information has a value that cannot be ignored. Trade in consumer goods will remain relevant for China’s regional strategy and for the One Belt, One Road strategy, but more emphasis should be given to the market for ideas. Some have argued that the Internet has made human communication […]

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Bitcoin, Bit By Bit

Yes, Bitcoin is what some call a deflationary currency. Because the system was designed to allow the creation of only a finite number of bitcoins, there will come a point where, as demand rises, the value of the currency will only go up (making the price of goods and services fall, hence the term deflation). And that could […]

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Look Who’s Looking West…

With the United States bogged down by economic troubles at home, wriggling to organize its departure from Afghanistan and grappling with a variety of crises in the Middle East, it comes as no surprise that China is using the opportunity to invest considerable time and money into reviving the so-called Silk Road. Read Here – RealClearWorld

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