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CFR — How Should the United States Compete With China’s Belt and Road Initiative?

Summary:
Context. The US should provide an alternative to BRI but by smart means rather than trying to match China dollar for dollar.Subtext. If the BRI is successful, then China cements control of the Eurasian landmass aka the "heartland" and the "world island." Western strategy for at least a hundred year is to dominate this strategic region. Now this requires "competing" with China and Russia, as in "great power competition."Wishful thinking.Council on Foreign RelationsHow Should the United States Compete With China’s Belt and Road Initiative? Jennifer Hillman and David Sacks | codirectors of the CFR-sponsored Independent Task Force report on a U.S. Response to China’s Belt and Road Initiative, which is co-chaired by Jacob J. Lew and Gary RougheadalsoIs Biden willing to throw in the trillions

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Context. The US should provide an alternative to BRI but by smart means rather than trying to match China dollar for dollar.

Subtext. If the BRI is successful, then China cements control of the Eurasian landmass aka the "heartland" and the "world island." Western strategy for at least a hundred year is to dominate this strategic region. Now this requires "competing" with China and Russia, as in "great power competition."

Wishful thinking.

Council on Foreign Relations
How Should the United States Compete With China’s Belt and Road Initiative? 
Jennifer Hillman and David Sacks | codirectors of the CFR-sponsored Independent Task Force report on a U.S. Response to China’s Belt and Road Initiative, which is co-chaired by Jacob J. Lew and Gary Roughead

also

Is Biden willing to throw in the trillions of dollars to match China. No? I didn't think so. Oh, and there are China's investments and lending in Africa and Latin America.

Dave DeCamp

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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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