World
Japan Ups Its Game Against China's Belt And Road
Japan, too, is building the New Silk Road. What has generally been posited as a Chinese initiative since Xi Jinping announced the Belt and Road initiative in 2013 is actually a multifaceted, international undertaking which contains many complementary and competing visions from various countries across Eurasia. While China is currently going through the growing pains of being a big time international infrastructure investor, Japan has been at it for decades, providing massive amounts of money and direction for the development of roads, rail lines, metro systems, and ports across Asia via financing vehicles like the Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA). ...
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