USA Today: China eyes global economic leadership as U.S. turns inward
This year, a 300-mile railway will begin slicing through Kenya, cutting travel time between the capital, Nairobi, and one of East Africa’s largest ports, Mombasa, from 12 to four hours and breeding hopes of an economic and tourism revival in the region.
The country’s most significant transportation project since its independence in 1963 is being built courtesy of China. China Road and Bridge, a state-owned enterprise, leads construction of the $13.8 billion project, which is financed nearly 100% by the Export-Import Bank of China.
The railroad is one of a host of infrastructure projects China spearheads around the world in an ambitious quest to reinforce its emergence as the world's next economic superpower while President Trump turns his back on globalization.
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WNU Editor: China still has a long way to go before becoming the world's next economic superpower .... but their strategy/policies/and eyes are set on being just that.
Getting there, being there, and staying there are very different things.
ReplyDeleteJames,
ReplyDeleteThis is so true.