China: a gateway to Europe – the New Silk Road

IWTW ‘Explore’ is about highlighting different trends around the world and presenting audiences with both sides of the story in order to facilitate a better understanding of world issues and decision making in the spheres of the economy, society, environment, technology and politics.

What is it about?

The “New Silk Road” is an enormous Chinese international development project. It’s a trade network that involves Asia, Africa, and Europe — and more than 70 countries are already involved. It may turn the old world order upside down.

China is investing in bridges, port facilities, railroads, and roads around the world. Beijing is spending several hundred billion euros on what it calls the “Silk Road Economic Belt.” Chinese President Xi Jinping says the project will provide development opportunities and wealth for China and the entire world. Beijing will take the lead role in building this infrastructure network.

After the financial crisis in Greece, no European country wanted to invest there — but China saw an opportunity, and bought shares in the port of Piraeus. By 2016, Beijing owned a majority of shares. The Greek dockworkers’ union still finds it hard to accept that the port no longer belongs to Greece.

In 2019, Italy joined the Silk Road project — and signed a memorandum of understanding with China on development of the port of Trieste. But critics warn that the “Silk Road” project will allow Beijing to spread its influence around the world. Europe is divided between those who favor such cooperation, and those who oppose it.

Why should I watch it?

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Episodes 1 and 2 (by DW documentaries)

IWTW note: The opinions in the video don’t necessarily represent those of IWTW. The goal of IWTW ‘Explore’ is to inform its audience about interesting developments around the world through a selection of short and long documentaries. IWTW considers those documentaries to be great starting points for further discussion. I strive to update the selection of content should ‘better’ documentaries emerge over time.

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