Friday, August 13, 2021

Belt and Road

Almost 70 countries are going to be the recipient of new infrastructure projects funded in part by China. Leader Xi introduced the Belt and Road Initiative in 2013 and it's now part of their constitution. They want to create "connectivity" among nations in Central Asia, South Asia, Europe, the Middle East, and Africa.

China's investment is/will be in ports, dams, skyscrapers, railroads, airports, tunnels, and roads.

US$60 billion will go to Africa. Dams have been built in Zambia, Ethiopia, and Ghana with China's help. Local economies are stimulated, and China gets their raw materials.


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