Last year the government of China formally adopted the One Belt One Road Initiative to improve the transport and trading links between China and Eurasian and African countries. A modern day version of the Silk Road network of trade routes between East and West circa 207 BCE, One Belt One Road (aka Belt and Road Initiative or just BRI) will be the largest investment initiative in history. BRI will span more than 68 countries and including an estimated $8 trillion of investment in transportation networks, energy production, and telecommunications infrastructure.
The majority of the investment will be financed by Chinese-issued debt. Given the diverse composition of countries, the effects of new debt-financed infrastructure investment will vary. Participating countries range from rich Qatar to poor Afghanistan, high population India to small Timor-Leste, debt-dependent Lebanon to debt-free Brunei, growing Ethiopia to stagnating Yemen, and export-oriented Singapore to mostly import-oriented Bhutan.
China has registered 2018Q1 current account deficit after approx 17 years since 2001Q2 at the time when US has imposed 25 per cent tariff on China's import to curb imports from China and to boost domestic economy. China was running a current account surplus on an annual basis in the past 25 years, last time current account deficit on annual basis was in 1993.
What is the population of China? The exact answer to this question can be given only on the basis of census data. Population census in China is conducted each 10 years, so the latest one (the sixth) was held in the year 2010. According to it the population in China was 1.34 billion. To get an idea of how many people live in China today, one must rely on estimates. The United Nations Department of Economic and Social Affairs provides one such estimate, pursuant to which the population of China in 2015 was 1.376 billion, a total population increase of 2.7 percent from 2010 or an average annual population growth rate of 0.5 percent. Though...
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