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| Photo credits: GovernmentZA via flickr |
A new era in global capitalism is now taking place: the era of Chinese capital and it is increasingly enveloping Europe and other advanced economies. On 14 May 2017, Chinese President Xi Jinping addressed 1,500 delegates, including 29 heads of state and officials from 70 countries and international organisations, at the Belt and Road Forum for International Cooperation in Beijing. The summit was the global unveiling of China’s multibillion dollar Belt and Road Initiative (also known earlier as the New Silk Road and One Belt, One Road project), a hugely ambitious foreign policy and infrastructure enterprise that will connect Asia to Europe and beyond
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