That China is turbocharging her already extensive (and successful) efforts to corner world trade is not news—and the so-called Belt &Road Initiative is her economic-strategic plan to carry out her global ambitions. Both the US and the EU badly underestimated Peking’s aims, going back to the late 1980s, and blithely opened their gates to Chinese commercial penetration. To add insult to injury, the American corporate elite, in particular, thirsting for profits by cutting labor costs, decimated the US home manufacturing base by moving their operations
Belt & Road Initiative: China ascendant
Belt & Road Initiative: China ascendant
Belt & Road Initiative: China ascendant
That China is turbocharging her already extensive (and successful) efforts to corner world trade is not news—and the so-called Belt &Road Initiative is her economic-strategic plan to carry out her global ambitions. Both the US and the EU badly underestimated Peking’s aims, going back to the late 1980s, and blithely opened their gates to Chinese commercial penetration. To add insult to injury, the American corporate elite, in particular, thirsting for profits by cutting labor costs, decimated the US home manufacturing base by moving their operations