As Europe struggles financially it bears close scrutiny. So goes the euro, the countries of Greece, Spain, Portugal, Italy, Ireland, and the European economy, so goes Europe and so goes the US.

China's Grand Strategy

from Forbes,

Technology has transformed the global economy. Over the past two decades, technology has introduced a pivotal shift in the nature of power with emerging economies gaining a competitive advantage. Leveraging this “geotechnological" shift is China's grand strategy. Bolstered by its commercial heft, China’s global ambition is now built on ports, highways and pipelines in the expansion of its supply chain empire. More to the point, China's grand strategy is built on developing new markets for advanced Chinese technology. China’s unprecedented economic expansion now exerts a gravitational pull on the world economy, gathering emerging markets in its orbit. Where Western leaders cling to outworn notions of the Westphalian nation-state, China is reimagining the world as a single complex network of supply chains and trade arteries. Chinese President Xi Jinping’s signature project, the multi-trillion dollar “Belt and Road Initiative” (BRI) stretches across Asia, the Middle East, Africa, and Europe, and represents the largest infrastructure project in history.

China’s Asian Infrastructure Investment Bank (AIIB) now rivals the World Bank and its BRI ensures China’s long-term leadership across emerging economies.

the EU understands the economic value of Chinese grand strategy; European countries were among the first to join AIIB despite knee-jerk protestations from the US.

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