How China reorganises global value chains
"Belt and Road" visualises a new Chinese world order in which the US have disappeared, says Bruno Maçães, non-resident Senior Fellow at the Hudson Institute in Washington and former Portuguese Secretary of State for European Affairs. Maçães will speak at the GDI Retail Summit on 11 September 2020.
"Belt and Road is the answer to questions raised by the Huawei problem: how do you gain access to markets, how do you control technological standards and how do you secure supply chains," says renowned geopolitical thought leader Maçães.
The project is China's way out of the "middle income trap", and not an infrastructure project as it is often misunderstood. "If you want a simple label, it’s a global transnational industrial policy," Maçães said in a lecture: