China Spends $1 Trillion on ‘New Silk Road’ to Surpass US on World Stage

China Spends $1 Trillion on ‘New Silk Road’ to Surpass US on World Stage

Beijing looks to garner international favor through a massive investment effort in Europe and Asia.

China is now nearly three years into Xi Jinping’s cooperative development strategy with European partners known as “One Belt, One Road,” or the “New Silk Road.” The plan is part of China’s push to leverage their economic potential to maximize geopolitical influence.

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