One belt one road, in a quest for global dominance

China is going way to ahead with his global dominance policy and in a quest to capture world’s 2/3 population. By planning for decades ahead they want to make the world dependent for their quality goods at a cheap price. Capturing 65 countries all across Europe Russia middle east till Great Britain. One belt one road others part will connect China through sea marine (Silk road) to Nepal, India, and Australia. They are leaving no stone unturned in making worlds economy plunging in China.

President Xi Jinping will host 28 world leaders and representatives from another 70 countries to sell his hugely ambitious signature project.

The plan is to build a vast network of new trade routes across the globe, multiple high-speed rail networks to penetrate Europe, massive ports across Asia and Africa and a series of free-trade zones.

Closer to home, it will cement Chinese influence in the Pacific in countries like East Timor, Fiji, and Papua New Guinea.

China is going to spend up to a trillion dollars on infrastructure projects and hopes to bind more than 65 countries and two-thirds of the world’s population to its economy

Economists have likened the project to a modern day Marshall Plan — which helped secure the US as the world’s superpower after World War II — but it’s much bigger.

In today’s terms, the US only spent about $130 billion on the Marshall Plan. China is hoping to spend much more.

 

China hopes to bind 65 countries, 2/3 of the world population planning $2.5 trillion world trade to China’s economy by building high-speed rail network across Europe in a quest for Global dominance

 

It is an attempt by the Chinese to secure global dominance at a time when the United States is stepping back, and on the domestic front to keep growth and wealth strong for decades to come.

China’s aim is to lift trade by $2.5 trillion in a decade by flooding world markets with cheap, high-quality Chinese goods.

It is empire-building on a scale the world has not seen before.

Professor Wang Yiwei from the China and Globalisation think tank said: “After Trump took power, he stopped the TPP and became isolationist”.

“China is the biggest rising power and we welcome other countries along with us to achieve our great rejuvenation, our China dream,” he said.

Modern efficiency for ancient trade routes

The One Belt One Road project is already in action at the industrial hub of Chongqing in southern China.

In its massive logistics center, containers are moved 24 hours a day onto trains that move Chinese goods like iPads and car parts west into Central Asia, Russia, and Europe.

The trains, which are 2 kilometers long, travel 12,000 kilometers to reach distribution points in Germany in just 13 days, reviving ancient trade routes with modern efficiency

Economists have likened the project to a modern day Marshall Plan — which helped secure the US as the world’s superpower after World War II — but it’s much bigger.

In today’s terms, the US only spent about $130 billion on the Marshall Plan. China is hoping to spend much more.

It is an attempt by the Chinese to secure global dominance at a time when the United States is stepping back, and on the domestic front to keep growth and wealth strong for decades to come.

China’s aim is to lift trade by $2.5 trillion in a decade by flooding world markets with cheap, high-quality Chinese goods.

It is empire-building on a scale the world has not seen before.

Professor Wang Yiwei from the China and Globalisation think tank said: “After Trump took power, he stopped the TPP and became isolationist”.

“China is the biggest rising power and we welcome other countries along with us to achieve our great rejuvenation, our China dream,” he said.

Modern efficiency for ancient trade routes

The One Belt One Road project is already in action at the industrial hub of Chongqing in southern China.

In its massive logistics center, containers are moved 24 hours a day onto trains that move Chinese goods like iPads and car parts west into Central Asia, Russia, and Europe.

The trains, which are 2 kilometers long, travel 12,000 kilometers to reach distribution points in Germany in just 13 days, reviving ancient trade routes with modern efficiency

Challenges in and out of China

The city of Chongqing has already seen the benefits of One Belt One Road. It has economic growth rates of 11 percent — almost double the national average.

It is hoped that what is happening in Chongqing is just the beginning.

But there are huge challenges ahead if success in Chongqing is to be replicated.

“China is a Communist state run by a hierarchical leadership and many of the Western countries are democratic and opposition parties can have different plans,” Professor Wang said.

He said coordination and planning would be difficult.

The countries along One Belt One Road are a mix of cultures and systems. Some are not market economies and half are Islamic with different laws. Some, such as Turkey and Egypt, are unstable so it is harder to build and maintain projects.

Other critics, like Tom Miller from Gavekal Dragonomics who recently published a book on the subject, said the massive project lacked definition and detail.

Jorge Wuttke, the president of the EU Chamber of Commerce in China, wrote in the Financial Times that he feared the trade could all be one-way.

He said for it to be a success, China would have to truly open its markets and lift regulatory barriers or One Belt One Road would be in danger of becoming a huge white elephant.

“We are worried that in the next decade the initiative will be remembered as ‘One Belt and One Trap’, a waste of resources that depends too heavily on lumbering and inefficient state-owned enterprises,” he said.

China says One Belt One Road is about partnership and cooperation and is pushing ahead.

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9 Comments Add yours

  1. Ada says:

    China says One Belt One Road is about partnership and cooperation and is pushing ahead.

    Like

  2. waqas says:

    China knows how to grow gradually

    Like

  3. Aqila says:

    China knows how to grow gradually

    Like

  4. ammar says:

    The plan is to build a vast network of new trade routes across the globe

    Like

  5. abbas says:

    Closer to home, it will cement Chinese influence in the Pacific in countries like East Timor, Fiji and Papua New Guinea.

    Like

  6. Anaya says:

    the US only spent about $130 billion on the Marshall Plan. China is hoping to spend much more.

    Like

  7. Marina says:

    It is an attempt by the Chinese to secure global dominance at a time when the United States is stepping back, and on the domestic front to keep growth and wealth strong for decades to come

    Like

  8. Aila says:

    The plan is to build a vast network of new trade routes across the globe

    Like

  9. Abaas says:

    The plan is to build a vast network of new trade routes across the globe

    Like

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