China plans to invest $1 trillion into its "One Belt, One Road" plan to improve infrastructure across Europe, Asia, and Africa. This plan is described as globalization 2.0 and has been compared to the Marshall Plan, which offered U.S. aid to Europe to help nations rebuild following WWII, only much larger, more ambitious, and more comprehensive. President Trump pulled the U.S. out of the Trans-Pacific Partnership and President Xi of China has used this as a green light to build trade relationships across Eurasia.
1. Is China poised to become the leading economic power in the 21st century?
2. Should the U.S. be investing more in infrastructure so as not to fall behind the development pace of the Chinese?
3. What risks is China taking with this "One Belt, One Road" plan? Do you think they will pay off?
I think this plan will most definitely increase Chinese power and influence globally, and it most definitely threatens US influence. I think it's fair to say that China is gearing up to rival the US in terms of global power. Not sure what to think of TPP- while Obama supported it, both Clinton and Trump were both against the trade deal - but I think that pulling out of the deal will definitely effect US influence
ReplyDeleteSo is China trying to create the Silk Road 2.0? Either Way, with the US pulling out of the Trans-Pacific Partnership, China will need some way to make up the difference.
ReplyDeleteI really hope that China will become the world's leading power because I will be even more proud of being a Chinese.
ReplyDeleteChina's growth may interfere with US's global standing, but I don't think their growth is a bad thing. It sounds like their efforts to improve globalization are purely in the interest of efficiency, and not to compete with the US.
ReplyDeleteI feel like the US and Cbina are the world's leading economies because the growth between the countries in the economy is really strong. I also feel like they might get in each other's ways in the economy.
ReplyDeleteI think that a risk that China is taking is investing so much money into this plan because if it doesn't work then they will end up wasting a lot of money but if it does work then china will get its money worth.
ReplyDeleteI believe that China and the United states will interfere with each other but I hope that they can pull this off and don't end up ruining their economy.
ReplyDeleteI think US should invest more in the infrastructure in order to cope with the international development and especially with china that will improve US economy too.
ReplyDeleteI'm not sure that the US needs to pace with the Chinese's infrastructure to become an economic power. There is obviously the risk of a lot of money and resource loss with this project.
ReplyDeleteI believe that the US and China can work together and find a way to make it work, but they need to be careful with the moves they plan to take in order to not ruin the economy.
ReplyDeletei believe this will rocket china further into the international spotlight of power and influence. this venture is sure to increase china's world involvement and foreign relationships while also stimulating the economy via jobs and opened trade routes
ReplyDeleteI think China and the US can work together and find a way to make it work, they just need a better plan.
ReplyDeleteI strongly believe that China has a big motivation to be the leading economic power in the 21st century. I think that passing the US has been a goal for a long time, and they are very determined to do so. They are risking a lot of money to attempt to better infrastructure across a continent, which is very dangerous. The plan can fail, war can come about, China could attempt to take control of certain areas and anger the citizens. It is a huge financial risk that can pay off greatly if achieved.
ReplyDeleteI absolutely believe that China will be the leader. Their country is full of amazing potentials. With how fast their economy is growing and much of their economy cycle is spent in peak, i would not be surprised to see China expanding themselves.
ReplyDeleteChina has been investing in their own economy allowing more jobs and it looks like they want to have a better economy then everyone else their government is investing in them selves and it is working.
ReplyDeleteChina is taking a risk using 1 trillion dollars in this "one belt, one road" plan because 1 trillion dollars is a lot of money and that could put them in a lot of debt.
ReplyDeleteI think China is definitely set up to be the top leading economic power in the world. I honestly thought that they already were. Infrastructure actually is somewhat of an issue in America that should be focused on. I do not think there plan will pay off.
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