Tag: Belt and Road

China’s new Silk Road could actually boost U.S. GDP, study argues

December 1, 2019

Despite assuming zero direct involvement of the U.S. in the BRI, “the U.S. gains from the boost to world GDP are such that in absolute terms.” In fact, the researchers argued that “the U.S. is the second largest beneficiary. Our calculations suggest that the BRI will leave US GDP in 2040 $401 billion higher, a boost of 1.4%.”

https://finance.yahoo.com/news/china-new-silk-road-us-192303366.html

China’s Belt and Road Initiative: Where it goes and what it’s supposed to accomplish

November 30, 2019

Economic powerhouse is investing billions of dollars in infrastructure projects around the world.

China is financing hundreds of billions of dollars’ worth of infrastructure projects — including ports, roads, bridges, railways, power plants, telecommunications networks and much more — in partnering countries throughout Asia, Africa, Europe and beyond.

https://www.cbc.ca/news/world/china-belt-and-road-cbc-1.5372916