Sunday, May 14, 2017
China Announces a new "Silk Road"
In a meeting with Russia's Vladimir Putin, Xi Jinping announced his "Belt and Road Initiative," which call for a $100 billion investment across Asia and Europe to promote Chinese global influence. The plan includes building ports, railways, and other forms of infrastructure in over 65 nations. The US, Russia, and India have expressed their unease as they fear that China is using this to increase their influence, while other nations have expressed their interest in the investment. Beijing has stated it has "no desire to impose our will on others," but called for economic integration and greater cooperation on security, finance, and anti-terrorism, and to step-up against what he believes to be the root causes of terrorism; poverty and social injustice. China plans on excluding the United States and Japan, as they view that they are a threat to local interests.