Work is underway on a plan that eventually could see China invest about $1 trillion in infrastructure across the world, including train lines in Eastern Europe and power plants in Pakistan and Britain. It’s an attempt to export China’s “model of state-led development,” in order to create deeper economic ties abroad and to keep China’s construction industry roaring, Jane Perlez and Yufan Huang report for The New York Times. Known as “One Belt, One Road,” the plan is only in its beginning phases, with about $50 billion actually spent. It faces skepticism in many countries, but the United States has signaled warming interest.
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