Peter Wong says Beijing’s ambitious plan is filling the gaps in infrastructure investment that have greatly hampered the region’s development, and by so doing is truly linking up the whole of Asia.
In the wake of more isolationist political thinking in the West, with many developed economies turning inward, China is reaching out, seeking stronger trade and investment links with its economic partners.
China’s “One Belt, One Road” is a prime example of this reaching-out policy. Under the initiative, China aims to trigger demand for materials and goods at home by investing in strategic infrastructure projects abroad, developing economic ties along its old Silk Road to Europe and along newer maritime links in and around Asia and as far away as Africa…
Read more : SCMP, 09.01.2017