China says its Belt & Road initiative is a way out of the global economic slump

China is planning to create what looks like will be the largest, longest and most complex logistics network in history – at a cost to itself of almost $1 trillion. 

The so-called Belt & Road Initiative will virtually encircle China, most of Asia and much of Europe, and will mostly consist of interconnected roads, but will also include sea lanes and railways, and possibly some airways.

In total, it will connect approximately 60 countries, and cost anything between $4 trillion and $8 trillion. And the timescale is anyone’s guess.

The northern parts of the Belt & Road network will include the revival of the ancient Silk Road, which connected China to Persia and the Mediterranean Sea to the north, and India, Indonesia and Arabia via sea lanes to the south.  Continue reading China says its Belt & Road initiative is a way out of the global economic slump

Manufacturing in the USA: The same story told from many angles

industrial-machinery-us-bureau-of-labor

Most stories have at least two sides, usually one negative and one positive, depending on your point of view or what aspect of the story you choose to highlight. 

So, for example, if you read CNN you will see mentions of “record” levels of business, such as in the sectors of automaking and aerospace.

“US aircraft production is at a record high and well ahead of the rest of the world,” says CNN, adding that the auto industry is “within 7 per cent of record levels, making 12 million cars and trucks a year”.  Continue reading Manufacturing in the USA: The same story told from many angles