Aug 02 2018, 2:30 AMAug 07 2018, 4:16 PMAugust 02 2018, 2:30 AMAugust 07 2018, 4:16 PM
China is using its funding of overseas infrastructure projects to strengthen its position at the centre of international trade. The country has already spent more than the equivalent of the US Marshall Plan of international aid in the aftermath of the "Belt and Road", and is projected to spend as much as $1.3 trillion on infrastructure within the next decade, according to estimates by Morgan Stanley. The investment is part of the Second World War initiative being pursued by President Xi Jinping to reshape global alliances and open up new trade routes.