Economics
China's Spending $500 Billion to Reshape the World in Its Image
- China-led economic order to top agenda at Beijing summit
- Xi pushes globalization as Trump puts ‘America First’
China Plans to Reshape World Trade
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China is one of the few countries in the world today with money to spend, and Xi Jinping is ready to write some checks.
China’s president will host almost 30 world leaders in Beijing on Sunday at the first Belt and Road Forum, the centerpiece of a soft-power push backed by hundreds of billions of dollars for infrastructure projects. More than 100 countries on five continents have signed up, showing the demand for global economic cooperation despite rising protectionism in the U.S. and Europe.