China’s Belt and Road Initiative aims to enhance the country’s connectivity with the world through developing infrastructure and cultural ties. Economic integration and development under this initiative can further strengthen China’s power in Eurasia and beyond.
ChinaPower hosted its inaugural conference on November 29, 2016. The conference featured Senator Dan Sullivan as the keynote speaker.
China’s is the world’s second largest economy in terms of gross domestic product and and the largest in terms of purchasing power parity. How China leverages its considerable economic strength has a profound impact on the global economic order.
Many worry that China’s ownership of American debt affords the Chinese economic leverage over the United States. This apprehension stems from a misunderstanding of sovereign debt and of how states derive power from their economic relations.