This in turn, hopefully, will turn into reality the world financial institutions’ prediction that this region will be the earth’s fastest growing economic cluster in this century. In turn, the Chinese also demanded the Americans “stop their military provocations” in the South China Sea that Beijing claims as its sovereign territory. This is also the case of the reclamation aid Beijing extended to the Maldives where the American military base was more than 20 years ago. Foreign investment firms in Shanghai agree the OBOR offensive will bloat China’s corporate and household debt. In fact, he is exhorting China’s 1.4 billion people to increase their consumer spending to win this trade war.

Source: Manila Times September 30, 2018 16:07 UTC