China's silky threat to American leadership

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    China's silky threat to American leadership


    By John MoodyPublished May 13, 2017
    Fox News


    China's President Xi Jinping speaks during a bilateral meeting with U.S. President Donald Trump at Trump's Mar-a-Lago estate in Palm Beach, Florida, U.S., April 7, 2017. (REUTERS/Carlos Barria)

    This weekend, while the Sunday talk shows obsess about Trump, Comey and secret recordings, a top-level gathering in China will kick off the biggest challenge ever to America’s place in the world economy: the creation of a 21st Century version of the ancient Silk Road travelled by Marco Polo.

    President Xi Jinping will host the so-called Belt and Road Initiative (BRI) Summit. If the name sounds like a convention of car parts manufacturers, think again. The BRI is Xi’s $1 trillion – yes, with a T -- plan to build state of the art roads, ports, pipelines and airports that will link China to 110 countries around the world and make Beijing the epicenter of world trade for decades to come.

    Russia’s Vladimir Putin thinks the BRI is important enough for him to attend. So do the leaders of Turkey, Pakistan, the Philippines and 25 other countries, most of them with developing economies. The United States, trapped in political navel-gazing, could only ante up an assistant to the president.

    For Xi, the initiative is a brazen attempt to seize worldwide economic leadership from the United States.

    http://www.foxnews.com/opinion/2017/05/13/chinas-silky-threat-to-american-leadership.html
    Also:
    http://www.abc.net.au/news/2017-05-14/china-plans-new-silk-road-to-dominate-world-trade/8522682
    http://www.theaustralian.com.au/new...e/news-story/1cd5505a43cf57ef1237735947e76f0d
 
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