The leading power here is China, with the world’s biggest population and second-largest economy, which is now striving to establish its hegemony throughout the Pacific Rim. Taiwan, South and North Korea, and Japan are all groping for ways to resist Chinese expansion while maintaining strong economic ties with the region’s colossus.
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Belt and Road: The Asian perspective
In only six years, China’s Belt and Road Initiative has had broad impact across Asia and beyond. Up to $1 trillion has been committed to hundreds of projects, with the goals of bridging economies, opening Chinese companies to foreign markets and changing the landscape of international development finance. Going forward, outside criticism and dynamics at home will likely change the nature of new projects, but the core features of the BRI will remain the same.