As China’s ‘Belt And Road’ Initiative Replaces U.S. On Global Stage, The Implications For Energy And Trade

Incomplete rail tracks for the Standard Gauge Railway line lay on the ground near Duka Moja,Kenya, on Thursday, May 9, 2019. China is now the single largest financier for infrastructure in Africa, funding one-in-five projects and constructing every third one, according to a Deloitte report.

The United States, meanwhile, is withdrawing from the Paris climate agreement, allowing China the room to play a more integral role. Coal now supplies 59% of China’s energy mix but natural gas is expected to replace much of that over time. Already the percentage of coal has fallen and its air quality has vastly improved over the last five years. China is also working on advanced nuclear generation and increasing its percentage of renewable fuels.

“We would prefer this trade conflict be settled sooner rather later because it is a tremendous benefit to both countries,” says one Chinese source. “We want to have quick settlement and find common ground.” “The Trans Pacific Partnership tried to change the dynamics,” says one American business source. “It would have made China the odd-man out.” Australia, New Zealand and South Korea are among the nations now part of this agreement, as well as Japan that has taken the leadership position.

Great news to the third world. At least we shall receive with spoon giving with spade. You know how the west take it...

If you were an historian u would say earth is on the cusp of war

It should be called Bait and Ruin Initiative...crumbled and corrupt economies are eagerly taking this bait which will ultimately ruin them due to the the surmounting debt

The Belt and Road initiative is just being done so Chinese armies can invade these countries more easily. Those people are fanatics, look what they have done to the Uighur Muslims.

Fix your banking problems first before lending prematurely to underdeveloped countries, China.

They need to get the bankrupt situation under control for all the loans they are giving all these developing countries to build and settle on their land. What’s the return?

That's because Trump is a Russian puppet. He has alienated our Allies and divided our country by giving a voice bigotry and hate. That is how you defeat a superior enemy that outmatches you in every way. It's how you bring down a nation. Russia is doing it and Trump is helping.

While the US is fighting wars across the world or looking for new conflicts, China is helping develop poor countries which the US looked the other while corrupt leaders ruined the economies. The new age

Go China!

Exactly, US getting isolated while China grasping all the ground vacated by US

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