«On Sunday Chinese President Xi Jinping will welcome world leaders including Russia’s Vladimir Putin, Pakistani Prime Minister Nawaz Sharif and Myanmar’s Aung San Suu Kyi to Beijing for what is billed as China’s most important diplomatic event of the year: a two-day forum celebrating Xi’s so-called ‘Belt and Road initiative’. (…)
According to the global consultancy McKinsey, the plan has the potential to massively overshadow the US’ post-war Marshall reconstruction plan, involving about 65% of the world’s population, one-third of its GDP and helping to move about a quarter of all its goods and services. Some describe Xi’s scheme as the biggest development push in history.»
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