Here’s an important read in China’s leading paper,People’s Daily Online. It reports that China’s well-funded Belt and Road Initiative has rolled out with thousands of Chinese enterprises going all out in the vast, new market created by participating countries and beyond. It projects that the vast overseas market will become a giant pool of capital, with trillions of dollars of overseas investment and financing in the coming years, experts projected.
As I reflected on this article, I remembered that under Trump, America is in retreat economically and geopolitically. It’s a bit sad but surely all’s not lost for the US? Will the next phenomena be China buying up US multinationals on the cheap?