China is stepping up its game in emerging Asia as US pulls back

by Dramelin 8:30 PM 0 comments

Why protectionism is not the answer    1 Hour Ago | 02:21 "For example, to fund the Silk Road project, China invested $40 billion in order to give other countries the opportunity to benefit," he said.
Cambodia isn`t alone.
Earlier this month, Pakistan`s Finance Minister Ishaq Dar reportedly said his country "fully supports" the OBOR plans.
Launched in 2013, the initiative, backed by China`s President Xi Jinping, aims to revive the ancient Silk Road and strengthen Chinese ties with more than 60 countries across Asia, Europe and East Africa through infrastructure, trade and investment.
The attraction to China is opening up vast areas of Central Asia that still retain trade links established centuries ago to routes in South Asia, Persia, Arabia and Africa, but now often lack the modern infrastructure needed to attract large-scale investment and trade.