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China is sitting on a mountain of cash and there is speculation that the country is going on a trillion dollar spending spree. Jonathan Fenby, managing director of China Researcher, says that there’s going to be big outward investment from China into resources in Africa and Latin America. Meanwhile whilst making plans to revive the old silk route from East to West, China is also buying up companies around the world. China’s president, Xi Jinping, is considered to be the most...
Pepe Escobar - November 18, 2014: it’s a day that should live forever in history. On that day, in the city of Yiwu in China’s Zhejiang province, 300 kilometers south of Shanghai, the first train carrying 82 containers of export goods weighing more than 1,000 tons left a massive warehouse complex heading for Madrid. It arrived on December 9th. Welcome to the new trans-Eurasia choo-choo train. At over 13,000 kilometers, it will regularly traverse the longest freight train route in the...