While the US and Europe focus their efforts against the spread of Islamic State, China is skillfully mastering its way towards dominance in the global economy; the pattern is very similar to that of the Marshall Plan the US applied in Europe in the post-WWII years to counteract the Soviet influence, according to a French economist.
China is paving its way to dominance in the global economy very much based on the Marshall Plan the US used in Europe in the post-WWII years, French economist and lecturer in economics at the Pierre Mendes-France University in Grenoble Mylène Gaulard said in her interview with the Atlantico news website.
Gaulard explained that, similar to the US in Europe, China is now conquering foreign markets and gaining control over the developing countries of the South Asia. Continue reading
In April, Chinese President Xi Jinping marked a historic visit to neighboring Pakistan. China, via Beijing’s “One Belt, One Road” initiative, will invest some $50 billion in Pakistani infrastructure, including power plants, roads, railways, and, perhaps most importantly, the Iran-Pakistan natural gas pipeline. The vast sum represents 53% more than the US has given Islamabad over the past 13 years combined. China is also set to invest an equally large sum in Brazil and is even considering the construction a railroad over the Andes, which would connect Brazil to China via the Pacific and ports in Peru.