International perspectives on Xi's governance of China
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| Daniel Drache, professor at Department of Political Science at York University, gives a speech themed China's New Silk Road: Dreams And Hopes For The Global Economy at UCCA, 798 art zone in Beijing on Sept 16. [Photo provided to chinadaily.com.cn] |
First China's economic success has been attributed to its own prioritizing the infrastructure in the modernization of its economy. It has generated the model at a global level drawing on its own experience.
A second factor is that China gained valuable experience in its 2008 response to the global fiscal crisis. It's spent massively on infrastructure and constitutes a fundamental lesson four condiments that focused infrastructural investment can have catalytic effects on growth and production.
The third reason is the Belt and Road Initiative provides new customers and investment opportunities for Chinese industries which supply all the material and inputs required.
