https://www.advisorperspectives.com/commentaries/2019/08/30/the-promise-of-belt-and-road
China as a Standard Bearer of Globalization
China is no paragon of virtue. And perhaps up to now, no country has done more to shape the lives of the 20thcentury global population than the U.S. But the U.S. has done so partly because of its influence on China itself. And it is somewhat ironic that it is now China that is the driving force for extending many of these values of globalization into areas of the world that have perhaps lagged a little behind. China's rejection of liberal democratic principles and some of the West's political institutions perhaps blinds us to the great potential for humanitarian good and economic advancement that the Belt and Road Initiative offers. No, it is not perfect—nor was the Washington Consensus. However, China, in the eyes of the participating countries at least, which have voted with their labor and their capital, today represents one of the best hopes for economic advancement through global collaboration.
Robert Horrocks, PhD
Chief Investment Officer
Matthews Asia