The west in their typical short sightedness caused by their 4 or 5 year election cycles, have completely misjudged the Belt and Road initiative.
Determining its outcome mere 10 years into it, when it's at least a 100 year project...๐งต
Determining its outcome mere 10 years into it, when it's at least a 100 year project...๐งต
The Short term goal๐ฏ
Is to export the excess capacity in China's construction industry, as Chinese infrastructure is already rather saturated
To prevent construction companies and its suppliers from losing business, the government funds overseas projects
Is to export the excess capacity in China's construction industry, as Chinese infrastructure is already rather saturated
To prevent construction companies and its suppliers from losing business, the government funds overseas projects
The Medium term goal๐ฏ
Is to diversify China's connection to the rest of Eurasia, from relying on Sea route to a safer combination of land an sea.
This requires linking the railway network in different countries, the recent central Asia link have been approved by all sides
Is to diversify China's connection to the rest of Eurasia, from relying on Sea route to a safer combination of land an sea.
This requires linking the railway network in different countries, the recent central Asia link have been approved by all sides
The Long term goal๐ฏ
Is to cultivate the countries along the silk road, into markets and/or regions to outsource manufacturing.
This will consolidate the World Island of Afro-Eurasia and the global south, into a connected market and supply chain
Is to cultivate the countries along the silk road, into markets and/or regions to outsource manufacturing.
This will consolidate the World Island of Afro-Eurasia and the global south, into a connected market and supply chain
Of the 3 goals, only the long term goal requires a financial return
The other 2 does not, because it's either spending China's vast US dollar reserve or denominating loans in RMB
The goals of which is to lessen our US dollar reserve and to internationalize the RMB through loans
The other 2 does not, because it's either spending China's vast US dollar reserve or denominating loans in RMB
The goals of which is to lessen our US dollar reserve and to internationalize the RMB through loans
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