While the stupid Americans argue about being Male or Female or XYZ the Chinkus are dominating the world.
[SIZE=4]Crunching the Belt and Road numbers Belt and Road has the potential to redraw the global trade map. The statistics help tell the story. [/SIZE]
China’s Belt and Road initiative (BRI) is perhaps the greatest attempt in human history to mobilise development capital. The grand vision, announced by China’s President Xi Jinping in 2013, is to create modern versions of China’s ancient Silk Road trading routes; an overland Belt and a maritime Road.
A raft of economic corridors, now in various stages of development, will boost trade between China and South-east Asia, South Asia, Central Asia, Europe, the Middle East and Africa, as new infrastructure is built, supply chains are improved and new markets are created.
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Combined, the routes represent:
[SIZE=6]65%[/SIZE] of the world’s population
[SIZE=6]33%[/SIZE] of global GDP
[SIZE=6]30%[/SIZE] of the world’s goods and services
[SIZE=6]Who stands to gain?[/SIZE]
For China, feeding that growth creates clear opportunities for increased exports, which will reduce domestic oversupply, accelerate the nation’s industrial restructuring, strengthen its geopolitical and commercial influence and expand global use of its currency, the renminbi.
For countries along the routes, gaining access to more agile infrastructure funding is one of the more immediate payoffs. And since infrastructure deficits are among the largest obstacles to growth in Asia and Africa—and among the most difficult to fund—the potential ancillary benefits to economies and societies along the routes are enormous. But perhaps the biggest impact of all would come from new joint funding models promoting public-private partnerships that could pave the way for foreign investors to participate in a country’s economic development and gain exposure to future economic growth.
[SIZE=6]Belt and Road scope[/SIZE]
[ul]
[li]100+ countries and international organizations[/li][li]56 economic and trade cooperation zones[/li][/ul]
[SIZE=6]Belt and Road in progress[/SIZE]
[ul]
[li]USD350bn committed to projects by 2023[/li][li]1,700+ projects finished or underway[/li][/ul]
https://www.sc.com/en/feature/belt-and-road-by-the-numbers/