Beyond the Bike

Stories from Stuart and Claire's original & recent journeys….

“One belt–One Drive” – A new Silk Road or China’s Marshall Plan?

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 ‘If you want to get rich, you have to builds roads first’ said Chinese President Xi Jinping in 2014, citing an ancient proverb when announcing the inception of the controversial Asian Infrastructure Investment Bank (AIIB). Alongside the massive $40bn ‘Silk Road Fund’, announced at a similar time by Mr Xi, it is hoped this will fund the “One belt – One Drive” initiative, China’s signature foreign policy. As parallels with the US Marshall plan and implications of economic imperialism continue to be drawn, the key question will be whether the policy proves transformative or exploitative.

 

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