Europe Remains Wary of China's Silk Road Plan - Dvolatility Market News


Thursday, January 11, 2018

Europe Remains Wary of China's Silk Road Plan - China's massive Silk Road infrastructure project may be as ambitious as it is controversial,Though Beijing says the $1 trillion plan is meant to bring a new age of global trade, some countries, including European ones, are concerned it's a tool for Chinese expansionism.During his recent visit to China, French President Emmanuel Macron echoed that concern. Though he expressed support for the spending project, he emphasized a spirit of cooperation was needed so that it was not a one-way undertakingOfficially known as the One Belt, One Road initiative, the project aims to link China with Europe, Asia and Africa through a network of ports, railways and roads.Within the E.U, there's concern that China might acquire undo influence in countries in Eastern and Central Europe, where big new infrastructure projects are more needed.

(Source: Investing TV, January 11, 2018 at 11:27AM)

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