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Belt and Road’s future lies in California

The enshrining of the Belt and Road Initiative (BRI) in China’s constitution in October 2017 ensures that it will guide vast swaths of Chinese foreign policy for decades to come. In essence, BRI connects sunset industries plagued by overcapacity (steel, construction, heavy engineering) to low- and middle-income countries in Central Asia and Eastern Europe.

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The full text of this article is available online at:

http://www.asiaglobalonline.hku.hk/china-silicon-valley-california-belt-and-road/

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Sydney-based globalization expert Salvatore Babones is available to speak on the Chinese economy (demographics, growth, technology), the Belt & Road Initiative, global trade networks, and Australia-China relations. Contact: s@salvatorebabones.com