China's 'new Silk Road' marks a coming-of-age for China

China's new Silk Road programme is set to make a splash, with the backing of political capital and USD $40bn to support infrastructure investment in countries across underdeveloped Western China through to Venice in Italy and Cape Horn in Africa. China is banking on the new Silk Road securing commerce as well as influence in emerging economies throughout Asia and Europe, offering a real alternative to US and European dominated IMF and World Bank. Saxo Bank Chief Economist Steen Jacobsen believes China is using the initiative to secure more geopolitical power, with two important conclusions - that China will see significant growth after this slowdown, and the world now has two equal superpowers. To read more, visit (VIEW LINK)