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Transformative Investments: China is transforming itself into a market-driven economy

Overview

Long ago, the old Silk Road tied China to Asian countries linking it to Europe. Today, China is underwriting billions of dollars for infrastructure investment within 68 Asian and Eastern European countries along an expanded old Silk Road and Belt, which includes land and sea routes. Launched in 2013 through the Belt and Road Initiative, China is investing $150 billion annually in the roads, bridges, railways, airports, and gas pipelines of these nations.

This article examines the global implications.