March 3, 2017 – Fort Russ News
Delyagin.ru – Translated by Kristina Kharlova
“If China will be able to implement the concept of a new Silk road, it will be very beneficial. Because the economic zone of the Silk road is a complete transformation of the whole of Eurasia”, – told Xinhua correspondent the director of Russian non-profit “Institute of problems of globalization,” Mikhail Delyagin.
Commenting on the project “Economic belt of the Silk road”, Mikhail Delyagin noted that the “Belt” is not just a transit corridor. We are talking about Chinese capital not just building transit corridors, but developing territory and transforming underdeveloped areas into areas of strong economic development. Following the model of what has been done in some areas of China, will now be done along the entire transit corridor of Eurasian continent.
M. Delyagin also noted that the US market will be building walls. The fact that positions of such different people as Obama and Trump, is the same in economic policy towards China, is an indication that this is a pattern. Obama just wanted to put down a customs wall along the borders of China, cutting it off from South-East Asia, but did not have enough resources and TPP has failed. Now Trump wants to ‘build the customs wall’ on the other side of the Pacific ocean – along American borders. But when it comes to the potential of Chinese goods accessing American market the result is equally bad.
Answering the question whether China can maintain a growth rate of 6.5 percent per year until 2020, the expert stressed that it is possible. And it sounds very optimistic for the rest of the world.
In conclusion, Mikhail Delyagin said that China – is 4700 years of continuous written history. This is a hidden reserve of strength that is not visible to experts, analyzing the dynamics of bad debts in combination with dynamics of GDP. It is the ability to make decisions. It is an ability to achieve consensus. The ability to make symbolic gestures that have terrific managerial effect. Ability to resolve social contradictions, or to direct them in a relatively safe direction.