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Pepe Escobar — China’s road to a win-win ahead of BRI forum

Summary:
Relentless reports that the New Silk Roads, or the Belt and Road Initiative (BRI), are a perfidious neo-imperial debt trap set up by Yellow Peril 2.0 are vastly exaggerated.With less than one week to go before the next BRI forum in Beijing, a quick overview of what’s been happening in Europe and Southwest Asia may be quite enlightening.... The BRI is set to bring the lagging economies (and societies) in Asia into the 21st century in a way similar to the dynamic growth of China since the Deng era, but free of Western control, unlike Japan and South Korea. Europe has no choice but to join. And if the US doesn't change its imperialistic approach, the rest of the South (Latin America and Africa) is headed that way, too.Asia TimesChina’s road to a win-win ahead of BRI forum Pepe Escobar

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Relentless reports that the New Silk Roads, or the Belt and Road Initiative (BRI), are a perfidious neo-imperial debt trap set up by Yellow Peril 2.0 are vastly exaggerated.

With less than one week to go before the next BRI forum in Beijing, a quick overview of what’s been happening in Europe and Southwest Asia may be quite enlightening....
The BRI is set to bring the lagging economies (and societies) in Asia into the 21st century in a way similar to the dynamic growth of China since the Deng era, but free of Western control, unlike Japan and South Korea. Europe has no choice but to join. And if the US doesn't change its imperialistic approach, the rest of the South (Latin America and Africa) is headed that way, too.

Asia Times
China’s road to a win-win ahead of BRI forum

Pepe Escobar
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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