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China Flag

China's Congress is now over and so is Coordinated Global Growth

By David Scott | Monday 30 October 2017


 


Last week Chinese leader Xi Jinping became the third ruler in the communist country’s history to have his named enshrined in its constitution and the first to receive this honour while still alive. In 1947 the US announced the Marshall plan to help to rebuild the devastated economies of Western Europe. America was much more generous with its aid 70 years ago, but the plan was not just about charity. American companies needed consumers overseas to have enough money to buy their products, and Harry Truman wanted to tie the recipient countries in Western Europe into a military alliance to counter the threat from the Soviet Union. The modern version of the Marshall Plan is Xi’s Belt and Road initiative...

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