Thursday, January 20, 2022
HomeNewsGeopoliticsENTER THE DRAGON - EPISODE 5 - The Story of the CHINA...

ENTER THE DRAGON – EPISODE 5 – The Story of the CHINA MIRACLE

After 30 years of reform and opening up, China was faced with 3 problems.

1st – huge foreign exchange trade surpluses

2nd – huge overcapacity of construction materials and engineering companies

3rd – access to the world restricted to her east coast through the China Seas, where the US had built 180 military bases to encircle China.To convert these problems into opportunity, in 2013, in Kazakhstan, Xi Jinping announced the Belt and Road Initiative (BRI), the largest infrastructure project in history, the first phase of which was 10 times the size of the Marshall Plan in Europe after the Second World War.

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