BEIJING — When President Trump withdrew from the Trans-Pacific Partnership trade deal in January, critics said he was leaving a vacuum at the heart of the Asia-Pacific region, ceding the United States’ role as regional economic leader.
On Sunday, China plans to show how it is filling that vacuum.
At a major set-piece event in Beijing, President Xi Jinping will project himself as the leader of a new economic order, and extol an ambitious global trade and infrastructure development plan known as the Belt and Road Initiative.
Some 28 leaders from Asia, Europe, Africa and Latin America — including Russian President Vladimir Putin, Burmese leader Aung San Suu Kyi and Philippine President Rodrigo Duterte — are scheduled to attend the two-day summit.
They will be hoping to land a share of hundreds of billions of dollars in promised Chinese lending and investment dedicated to the building of ports and railways, power plants and pipelines across the globe.
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Featured image courtesy of Reuters
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