Taking the right path to growth
By Michael Taylor and Rahul Ghosh | China Daily | Updated: 2015-07-28 08:32
Regional integration will create demand for Chinese capital and consumer goods
China's Belt and Road Initiative envisages greater economic trade between China and Asia, Africa, Europe and the Middle East. It will also benefit firms in China's overcapacity industries, which will lead to diversification as well as encouraging greater globalization of the yuan.
At the same time, the strategy will face various geopolitical and project financing risks.
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