Hong Qi, president of China Minsheng Bank, recently said during an economic forum held in Beijing regarding
investments in the BRI that there is potentially about $10 trillion
worth of investments in infrastructure in the countries that make up the
BRI, such as in railways, urban development, logistics and cross-border
e-commerce.
The
economic power of the United States depends on the continued need for
the rest of the world to have dollars available. This Chinese project
aims to integrate countries such that Washington is denied it hegemony
over Asia, Europe and the Middle East. For
such reasons, it is fundamental that Beijing arms itself with every
weapon available in its arsenal to defend itself from the sabotage that
Washington will inevitably visit on the project. Avoiding a currency
that the United States controls would be a good starting point.
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