Tuesday, April 19, 2016

Will China's Slowing Economy Stall The Silk Road Project?

For a world that faced a tepid economic recovery, the Silk Road seemed to offer the prospect of a much needed global economic stimulus that was and still is largely lacking in the west.
Now, it seems the excitement has died down, and is no longer front page news. What changed is the slowing of the global and Chinese economies, and with it, a growing skepticism that China could manage this multi-trillion dollar project while at the same time struggling to keep its economy afloat.
That has led much of the western financial press to dismiss the massive attempt to connect the world as just another utopian dream. No doubt, the critics make a believable case, but if they're wrong, they could be missing out on the largest economic development project and building effort ever undertaken.


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