Known as One Belt, One Road, China’s plan to build veins of trade over land and sea into Europe and Asia may be the most significant global economic initiative in the world today.
PBS is reporting that China is expected to spend a massive amount of money to rebuild a road across Eurasia.
Known as One Belt, One Road, China's plan to build veins of trade over land and sea into Europe and Asia — announced in 2013 — may be the most significant global economic initiative in the world today, and it's not getting the attention it deserves in Western media.
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.
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