标题: China’s New Silk Road Dream: BusinessWeek [打印本页] 作者: choi 时间: 11-27-2015 16:27 标题: China’s New Silk Road Dream: BusinessWeek Michael Schuman, China’s New Silk Road Dream. Bloomberg BusinessWeek, Nov 30, 2015. http://www.bloomberg.com/news/ar ... new-silk-road-dream
(a) Excerpts in the windows of print:
"An ambitious feat of diplomacy and engineering may not take the country where it wants to go
"Beijing wants its own companies to lead in planning and building projects it’s paying for
(b) Quote:
(i) "One Belt, One Road is all about China.
(ii) "it’s uncertain where all of the money will come from to finance the Silk Road scheme. A report on Chinese state media says the number of projects under its umbrella has already reached 900, with an estimated price tag of $890 billion. With many projects destined for economically weak countries with dubious governance, China’s money could get lost to corruption or wasted in poorly conceived plans. Chinese companies already have a suspect record of implementing such projects.
"According to data compiled by the American Enterprise Institute (AEI), about a quarter of all overseas investments and construction and engineering projects undertaken by Chinese companies from 2005 to 2014—worth $246 billion—have been stalled by snafus or failed. Almost half were in transport and energy—just the sort of projects that will be key to One Belt, One Road. “China is currently trying to create the story of an economic success, and if it has some public failures, that could be damaging to its brand,” says Homi Kharas, deputy director of the Global Economy and Development program at the Brookings Institution. Nor is there any guarantee that China’s cash will win it camaraderie.
Note:
(a) This is Opening Remarks, the first article in any BusinessWeek.
(b) There is no need to read the rest.