[Marxism] Fwd: Is China the World’s New Colonial Power? - The New York Times

Louis Proyect lnp3 at panix.com
Wed May 3 15:55:38 MDT 2017

  Driven by economics (a hunger for resources and new markets) and 
politics (a longing for strategic allies), Chinese companies and workers 
have rushed into all parts of the world. In 2000, only five countries 
counted China as their largest trading partner; today, more than 100 
countries do, from Australia to the United States. The drumbeat of 
proposed projects never stops: a military operating base, China’s first 
overseas, in Djibouti; an $8 billion high-speed railway through Nigeria; 
an almost-fantastical canal across Nicaragua expected to cost $50 
billion. Even as China’s boom slows down, its most ambitious scheme is 
still ramping up: With the “One Belt, One Road” initiative — its name a 
reference to trade routes — President Xi Jinping has spoken of putting 
$1.6 trillion over the next decade into infrastructure and development 
throughout Asia, Africa and the Middle East. The scheme would dwarf the 
United States’ post-World War II Marshall Plan for Europe.


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