About 70 countries have signed the memorandum to collaborate. A raft of other “second division” countries are sympathetic. They cover 4.4 billion people and about 40 per cent of global GDP. China expects its annual trade with countries along BRI routes to surpass $US2.5 trillion dollars within the next decade.
Whether you think it’s benign or not depends on your view of China’s global intentions. Australia, for one, is wary.
It’s either a new network for peaceful cooperation or a bid for hegemony.
And, at its centre, is the Chinese Communist Party and its leader for life, Xi Jinping.
Donald Trump’s “Great Friend” (ODT)