Question

1. Read about China’s “belt and suspenders” program. Go immediately to the Wall Street Journal. What is the scope of the program? How successful has it been? How do the other countries involved feel about it?

Make a prediction of where the program will be in five years. Remember, this is a course in business not political science. Also, do not swallow China’s predictions of success without a careful assessment. Focus on the program’s likely revenue outcome and its ability to spur new business.

Answer 1

china's belt and suspender program in one of the most ambitious project it involves partnering with dozens of countries around the world through the trade and infrastructure projects, such as shipping lanes , railroads and airports. supporters says it is a way for china to invest in emerging markets and streghten ties.

belt and suspenders program formely known as the NEW SILK ROAD is a central part of the people's republic of china (PRC) 'S 13th 5 year plan an ambition program  of infrastructure project finance in 65 countries. to the tune of 1 trillion usd invested over 20 years .Geo politically this might to the most important global governance initative since the end of the first cold war. it is an exmpler of entagals legalities it means very difficult to invest in.

now we will discuss with what the belt and suspeuwd vission road is how it might be affecting global trade,and what are the initative says about chinas economic vision with the currency manipulator acording to the trump administrator market had a precipitious falll today though its backup

so we can say that :

1: the belt and intitative is one of the most ambitious project

2: it involves partnering with dozens of countries around the world through trade and infrastructure projects, such as shipping lanes rail roads and air port

3: supporters says it is a way for china to invest in emerging marketersand streghten ties . critcs says this is a way for china to use money to leverage political gainand increase its global power.

4the us is now trying to createa viable alternative to create a viable alternatives to the project by increasing ivestment in Asia wheather that will work through is not clear

china is undertaking what it considers the largest project of the century linking itself with more than 100 countries across ASIA, AFRICA, EUROPE, AND OCENIA through Trade,

the main foucuses of the belt and suspension also known as one belt one road are in infrastructure transportation and energy the initiative was first announced in 2013 and is seen to be president xi jimping pet project most BRI deals involves china lending vast amounts of money to other countries builts new rail roads shipping lanes and other ventures in those countries investment from china in the project estimated to be between $ 1 trillion and $8 trillion

prpoponents of the bri say it is away for china to invest in emerging markets and streghthen its ties with them however the inner working of the BRI are shrouded in secreacy and some project have already been abondend due to host countries being unable to tp pay back their loans.critics also says that by creating loans china is engage in debt trap diplomacy a strategy of extracting political concession out of the countries that owes it money.

it mainly consist of two parts : BELT which recreates an old silk road land route , and the road which is not actually a road but a rout through various oceans,

most of them where transfering the silk over there through these routes china ambition have reached even reaches the arctic with plans to build a polar silk road with infrastructure projects and shipping routes between arctic and asia.

CHINA which has led action on climate change polices in recent years has plreged to build environmental sustainable BRI projects in the past but has not given much details on how it would do in 2018 activist in kenya managed to halt judicial order the construction of a chinese financed coal plant because it would destroy the environment and human health

iIN march 2019 china claimed one of the biggest victories for the BRI by signing a memorandum of understanding with italy the 8th biggest economy in the world

THE two countries MOU reportedly to support a joint infrastructure project is non branding meaning there will be no legal notification for italy or china if either withdrawn from the agreement t

THE USA isnt part of belt road but recognizes and deems it to a threat in november 2019 it announces it will invest and trade more in asia to counter china;s' economic power in the region the organization wants to promote market driven transperents and financially sustainable infrastructure develeopment in the indo pacific region and around the world it is said in statement

it has also given it reasons to involve in some of them when turkey invaded northeastern syrea the project also amplified feuds betwwn other countires india is suspion BRI to build the china pakistan economic corridor project along the cpec include a coal fierce power plant school and solar energy facilities

CHINA bcacking of pakistan based infrastucture project has also appeared to encourage it is support bejing in other to support bejing in other political issues china has poured a lot of money and efforts into the RBI and is unlikely to stop the us the only world power strong enough to take china will have to step up if it wants to taken a serious alternate in asia,