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Page added on August 8, 2016
China’s Marshall Plan
China’s ambition to revive an ancient trading route stretching from Asia to Europe could leave an economic legacy bigger than the Marshall Plan or the European Union’s enlargement, according to a new analysis.
Dubbed ‘One Belt, One Road,’ the plan to build rail, highways and ports will embolden China’s soft power status by spreading economic prosperity during a time of heightened political uncertainty in both the U.S. and EU, according to Stephen L. Jen, the chief executive officer at Eurizon SLJ Capital Ltd., who estimates a value of $1.4 trillion for the project.
It will also boost trading links and help internationalize the yuan as banks open branches along the route, according to Jen.
“This is a quintessential example of a geopolitical event that will likely be consequential for the global economy and the balance of political power in the long run,” said Jen, a former International Monetary Fund economist.
Reaching from east to west, the Silk Road Economic Belt will extend to Europe through Central Asia and the Maritime Silk Road will link sea lanes to Southeast Asia, the Middle East and Africa.
While China’s authorities aren’t calling their Silk Road a new Marshall Plan, that’s not stopping comparisons with the U.S. effort to rebuild Western Europe after World War II.
With the potential to touch on 64 countries, 4.4 billion people and around 40 percent of the global economy, Jen estimates that the One Belt One Road project will be 12 times bigger in absolute dollar terms than the Marshall Plan. China may spend as much as 9 percent of gross domestic product — about double the U.S.’s boost to post-war Europe in those terms.
“The One Belt One Road Project, in terms of its size, could be multiple times larger and more ambitious than the Marshall Plan or the European enlargement,” said Jen.
It’s not all upside. Undertaking an expansive plan like this one will inevitably run the risk of corruption, project delays and local opposition. Chinese backed projects have frequently run into trouble before, especially in Africa, and there’s no guarantee that potential recipient nations will put their hand up for the aid.
In addition, resurrecting the trading route will need funding during a time of slowing growth and rising bad loans in the nation’s banks. Sending money abroad when it’s needed at home may not have an enduring appeal.
Still, at least China has a plan.
“The fact that this is a 30-40 year plan is remarkable as China is the only country with any long-term development plan, and this underscores the policy long-termism in China, in contrast to the dominance of policy short-termism in much of the West,” said Jen.
And that’s a win-win for soft power.
“The One Belt One Road Project could be a huge PR exercise that could win over government and public support in these countries,” he said.
37 Comments on "China’s Marshall Plan"
ghung on Mon, 8th Aug 2016 1:58 pm
China’s response to TPP and TTIP?
claman on Mon, 8th Aug 2016 2:16 pm
The only difference between the”One belt one road” and the “Marshal help”, is that the american version didn’t include lose of territory for the recipients, while the chinese version WILL include lose of territory and/or political independency.
China is in deep shit with this policy, making enemies all around their borders.
China has shown that imperialism isn’t dead.
Bob on Mon, 8th Aug 2016 3:00 pm
A remarkably poor plan. The original Marshall Plan was designed to rebuild Europe before it fell back into Communism or worse. It was done by the US which could afford the bill. China can’t solve any of its current problems and is trying this plan for reasons unknown. The World is already built up enough that it has no real use for this new infrastructure. I don’t get it. Prediction: This plan will go nowhere.
claman on Mon, 8th Aug 2016 4:11 pm
Just for you others to know. In the last month or so it has been difficult for me to get in to peakoil.com. It can take more than a minute to get there – some times I dont get there at all.
All other websites work well.
Who is blocking me ??
Anonymous on Mon, 8th Aug 2016 4:17 pm
China believes in trade, commerce and mutual respect and cooperation.
The uS empire otoh, believes in military threats, financial fraud, intimidation, subversion via NGOs, and Shillary clint-on.
Wonder which vision of of the future peoples of the world, especially those that have been on the receiving end of uS ‘aid and development'(ie regime change and bullets), would prefer? Jewberg of course, is pouring all the cold water on the idea they can here, but even they admit, China, at least is looking further ahead than the next quarterly P/L statement…
claman on Mon, 8th Aug 2016 4:36 pm
Anonymous, There is no doubt that China is the new world leader. There also is no doubt that china’s neighbours are – deep in their hearts -longing for china to take over the local leader ship. Even here in Europe , the only thing we are looking for , is chinese leader ship. We do want doped athletes, polluted ground water and an over aggressive military, that doesn’t understand that in the end they are dealing with the threat of nuclear devastation.
I say : nuke them fast and furiously before they do it to us.
claman on Mon, 8th Aug 2016 4:52 pm
I don’t know what is happening ,but peakoil is incredibly slow.
When I change to another web provider , speeds are upp to normal.
I guess somebody doesn’t like me.
Apneaman on Mon, 8th Aug 2016 4:56 pm
claman, I think it’s secret group of Scandinavian hating muslim hackers fucking witcha.
I’ve been having peakoil.com connection problems for about a week.
Who knows the mysterious way of the cyber gods?
onlooker on Mon, 8th Aug 2016 4:59 pm
Yep in the world at this the prime force of chaos and violence is the US
claman on Mon, 8th Aug 2016 5:09 pm
Ap n’ Ol , I mean seriously my connection to peakoil is dead slow, while all other sites are as normal.
Apne , I don’t think the muslims worry abuot my views on the chinese
claman on Mon, 8th Aug 2016 5:24 pm
By the way read this:
https://en.wikipedia.org/wiki/Ikhwan
Then ISIS doesn’t seems so strange. Ikhwan from the early twentieth century is the same as to days muslim fundamentalists.
claman on Mon, 8th Aug 2016 5:29 pm
Read this too and gasp in horror about what islam can produce of pure evil
https://en.wikipedia.org/wiki/Ikhwan
makati1 on Mon, 8th Aug 2016 5:32 pm
Anon, you have the correct picture of China and it’s neighbors.
claman on Mon, 8th Aug 2016 5:47 pm
The Ikhwans were the basis of the Saudi Arabian way to power, but they are the last thing they wanna talk about to day.
None the less, ISIS is a true copy of this incredibly evil mindset that brought the whahabbies to power in Saudi Arabia.
Read about them, understand the muslim mind, and be prepared for the worst.
claman on Mon, 8th Aug 2016 6:01 pm
Mak , You lost your usual aggressive touch, or maybe deep in your soul, your are afraid of the chinese too.
Because THEY ARE COMING . It won’t be long before the Philippines are an underdog to the chinese instead of the americans. Pick your choise MAK
JuanP on Mon, 8th Aug 2016 6:33 pm
Claman, I have been having problems viewing the pages here at PO for weeks. It has become a nightmare. I have problems when trying to post comments, too.
makati1 on Mon, 8th Aug 2016 6:46 pm
claman, I am much more afraid of the insane American Neocons and their push for a nuclear war. They have no business trying to run a part of the world that is 8,000 miles from their country and no threat to the US.
A number of Chinese live in my building, as do Koreans, Indians, Thai, Japanese, Europeans, Africans, etc. A ride in the elevator is like being at the UN. I go to Hong Kong occasionally and recently to Shanghai. Beautiful, clean, modern cities. Why should I fear them? I feared walking the city streets in the US much more.
I hope that the US collapse’ totally before they can get their big war started. Now that would be a good thing for the rest of the world, wouldn’t it?
makati1 on Mon, 8th Aug 2016 6:50 pm
BTW claman, PO is so slow coming up that it times out. I just move on to another site. It seems that PO is the only slow site that I visit.
claman on Mon, 8th Aug 2016 7:03 pm
Juan + Mak, something is definitly slowing down po.com
Boat on Mon, 8th Aug 2016 7:04 pm
makati1 on Mon, 8th Aug 2016 6:46 pm
“claman, I am much more afraid of the insane American Neocons and their push for a nuclear war. They have no business trying to run a part of the world that is 8,000 miles from their country and no threat to the US.”
WWII made it clear that the world is our business.
claman on Mon, 8th Aug 2016 7:26 pm
Boat : I still think that the nine dot line is going too far. The only reason that they could go that far is that the countries they took the sea from dare not resist china. Chna is a robber state that is expanding every where there are weak neighbores. You should see them trying that against russia. I think they wouldn’t try that.
Why don’t they go north. Ask the chinese why they don’t go north.
The answer is quite simple. They would be blown to pieces.
claman on Mon, 8th Aug 2016 8:17 pm
“claman, I am much more afraid of the insane American Neocons and their push for a nuclear war. They have no business trying to run a part of the world that is 8,000 miles from their country and no threat to the US.”
I believe that a lot of chinese “neocons” want war, and I think they should have it. NOW.
China is aggressive on all fronts. That would be damming rivers, Polluting the air, attacking Indian territories, “sea grabbing”, defending doped athletes and what not.
Sooner or later they will have to be stopped, and sooner would be my choice.
makati1 on Mon, 8th Aug 2016 8:40 pm
claman, you are delusional and should really keep taking those meds. Or turn off the TV and go see the real world.
Anonymous on Mon, 8th Aug 2016 9:19 pm
Clamtroll says
“China is aggressive on all fronts. That would be damming rivers, Polluting the air, attacking Indian territories, “sea grabbing”, defending doped athletes and what not.”
RoFL. Way to troll PO.com.
Damming Rivers – Everyone does this.
Polluting the air – See above.
Attacking Indian Territories – That would be the united snakes, only about 100 years ago though.
-“Sea Grabbing” – That’s new one, the term anyhow, lol. That would be united snakes aggressively seeking to control the world’s oceans.
Defending doped athletes – Russia (supposedly, so says the Ministry of 1/2 truths). But the uS protects its roided up athletes pretty vigorously as well.
claman on Mon, 8th Aug 2016 9:22 pm
Mak, some times I do prefer the meds.
Sleep tight
makati1 on Mon, 8th Aug 2016 9:27 pm
claman, time difference. It is 10:25 AM, Tuesday, August 9th here. this site does not adjust for time zones. ^_^
claman on Mon, 8th Aug 2016 9:29 pm
ano, every body has done something wrong, but we have to start some where to get it all right again.sleep tiajt
sidzepp on Mon, 8th Aug 2016 9:42 pm
Perhaps we have reached “Peak Internet!”
Seriously, the Chinese are attempting to build a sphere of influence just like any superpower throughout history. They want to keep their lines of trade open and have easy access to the resources necessary to continue their growth. If they start to feel economic down turns they will have a disaster on their hands.
claman on Mon, 8th Aug 2016 9:45 pm
Mak, it’s quite nice talking to people on the other side of the world, Actually it’s amazing to think of . I’m sitting in a cabin in the outskirts of the taiga and I can only guess where all the others belong. any way it is five in the morning
joe on Tue, 9th Aug 2016 1:06 am
That network is somthing Germany tried to build in the 19thC and it became a direct threat to British imperial oil and trafe routes, the impact drove the British to create the Entente Cordial (French not English was the global language then) and thus the alliences formed that would fight ww1 with all its historic fallout. As for the trade route? You can use it from St Pancras station in London and go as far as Istanbul, its called the Orient Express, but the scope of its ambition was much greater once. History is the teacher here.
Cloggie on Tue, 9th Aug 2016 3:51 am
Glad that a Brit like joe finally admits that it was Britain that began plotting for WW1 in response to the spectacular rise of Germany, two decades after the unification of Germany in 1871.
Suppose you have a street with a French and (snigger) an English restaurant, both drawing all the customers and all of a sudden a (snigger) German restaurant opens in the same street en draws all the customers away from the others… you can understand that the French and British restaurants resent the loss of customers, but there is no law that enables these restaurants to set fire to the German one.
And that is exactly what happened between 1891 and 1914. Apart from the Entente Cordiale, Britain managed to setup Russia and Belgium u as well against Germany. And all the groundwork was laid for European self-destruction.
Thanks Britain.
Cloggie on Tue, 9th Aug 2016 4:38 am
1891 was the year the New World Order was born as a secret society in London:
http://www.globalresearch.ca/new-world-order-the-founding-fathers/5445255
The article was written by two Scottish authors who recently wrote a book, putting the blame for WW1 fully on the shoulders of Britain. They themselves borrowed heavily from the work of Carol Quigley, who was first to expose the machinations of this secret society (“Tragedy and Hope” and other books). Quigley didn’t publish his work during his lifetime and when it was published all efforts were made to surpress it. Nowdays you can download it for free from the internet.
1891 in essence was the year that Britain made the switch to America, the very same America that had kicked the British colonizer out in 1776 (with decisive help from continental Europe that wanted to deprive Britain from a valuable colony). And Anglosphere was born.
The goal of the NWO in 1891 was in their own words to “ensure the supremacy of the Anglo-Saxon race” and had global scope. This was for the first time in history that a group aimed at global rule. Already at the time there was substantial Jewish financial support for that aim (Rothschildt) but was not yet a dominant factor.
By 1917 Germany had virtually won WW1, had defeated Russia and proposed to end the war and return to normality. But Britain had a last trump card and that was America, at the time behind the scenes already owned by the Jews. London proposed the Balfour deal: Palestine for the Jews in return for the Jews bringing America into the war against Germany on a flimsy pretext (Lusitania and Zimmermann telegram). The rest is history.
Official America was disgusted by the behavior of Britain and France in Versailles and its abstruse treatment of Germany, laying the groundwork for WW2, as people like Lloyd George immediately after that “peace conference” observed and retreated from international affairs until in 1933, when the Jews had completely taken over the American government and could begin to scheme for WW2 so the American Century could begin.
The NWO “secret society” still exists but has relocated from London to NYC and Washington and is now completely owned by American Jewish oligarchs, but still has the same aim: world domination, no longer for the Anglo-Saxon race but for the Jewish race.
And they are going to fail miserably, like they failed with their communism in the USSR.
America meanwhile is a racial powder kegg, ready to explode any minute; China is in many ways too big to be taken head on; the old Anglo trump card, coal and oil based navies no longer are invicible in the age of the supersonic missile; Europe meanwhile is united under a single currency, parliament and “government” (EU commission), that may act as a vassal but won’t let it send itself into a war with Russia (witnessing the Minsk 2 accord on stigation of Merkel, Hollande and Putin). Russia has very smart leadership that scores one victory after the other, despite the temporarily loss of Ukraine. As we speak, Putin could manage to talk both Turkey and Iran into his Eurasian SCO construct, leaving Europe completely isolated. And than there is the European Right, that loathes the multicultural society and could grab to arms any minute after the next grand scale islamic terrorist attack. And than there is Trump.
Bye, bye, NWO. And the end of the NWO means the end of Anslosphere that began in 1891.
The world is on the threshold of major geopolitical change with America falling apart, EU and Russia lining up to balance the coming Chinese super power. And there will be Islamic unification under Turkish leadership, regardless if IS is going to be defated or not (likely not).
The vision of the great American prophet Samuel Huntington coming true: identitarian multipolar world materializing.
Cloggie on Tue, 9th Aug 2016 5:12 am
Bob says: “China is trying this plan… for reasons unknown… I don’t get it, this plan will go nowhere”
Well, unknown to you perhaps.
China’s New Silk Road plan has one aim only: avoid war with the US by circumventing Anglo navies and simply transport essential goods and commodities by rail and pipeline out of the reach of the Anglos. And at the same time undermine US stranglehold on Europe. The Europeans were very keen on joining the Asian Development Bank (even the British, wo signed up first), leaving the Americans fuming.
Claman says: “even we here in Europe the only thing we are looking for is Chinese leadership”
Claman sir, please don’t take it personally, but you are an idiot.
Boat says: “WW2 made it clear that the world is our business”
WW3 will put you out of business, provided that Washington can mobilise their castle of sand country for WW3 in the first place, which is highly doubtfull. WW3 would be a nice opportunity to secede.
joe on Tue, 9th Aug 2016 1:22 pm
Hey cloggie, wanna know Germanys answet to british policy in the east? They sent dozens of spies dressed as Muslims on trade routes to places like Afghanistan, their aim was to spark a global jihad against british interests. Germany also plotted with Turkey to invade egypt, the British answer was to arm the Hashimites against turkey. Hey Cloggie, do you know who got Vladimir Lenin into Russia thus directly causing the Rise of Bolshivik Russia? Hint, not Britain. The tail always wag the dog, your just a pawn your seething rage makes you putty in the hands of current affairs. We are all getting played angry bird.
Brat on Tue, 9th Aug 2016 2:43 pm
Jeez joe, you are deceptively refering to events DURING WW1, I was talking about the British plotting for 23 years to destroy a European country who made better products.
Ah well, with London no longer majority English, not much has left of the “superiority of the Anglo-Saxon race” as perceived by the Millner-Rhodes bunch, now has it?
Enjoy your descend into nothingness. Hitler’s revenge. And please ensure that you get the hell out of Europe and mind the step on your way out. As you admitted yourself, English are no Europeans.
Shaved Monkey on Tue, 9th Aug 2016 6:02 pm
If trade goes by rail and road it reduces the effectiveness of the US navy.
Cloggie on Wed, 10th Aug 2016 3:25 am
Shaved Monkey gets it, Bob doesn’t.