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 billion Plan of international aid in the aftermath of the Second World War , and is projected to spend as much as $ 1.3 trillion on infrastructure within the next decade , according to estimates by Morgan analysts . The investment is part of the " Bridge and Road " initiative being pursued by President Xi Jinping to reshape global alliances and build up new trade routes .