Article contentThe world is an unusually turbulent place. China is in the ascendency, buying influence with more than 100 projects and a trillion-dollar expenditure under its “Belt and Road” initiatives. (The United States’ financial assistance budget in 2019 was a paltry $39.2B, less than one per cent of the total federal budget.) Having neutralized the power of the World Trade Organization (WTO), both major powers are violating the rules on liberalized, multilateral trade. Indian and Chinese troops are clashing along a disputed border in the Himalayas as each Asian giant vies for dominance in their region.

Source: National Post June 18, 2020 17:44 UTC