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Opinion: ‘Belt and Road’ Infrastructure Soaks Up Excess Global Liquidity

By Zhang Yiqing
The Qingdao Qianwan Bonded Port Area is seen on March 22. The Belt and Road Initiative has the potential to lift developing countries out of poverty by investing in their infrastructure. Photo: Visual China
The Qingdao Qianwan Bonded Port Area is seen on March 22. The Belt and Road Initiative has the potential to lift developing countries out of poverty by investing in their infrastructure. Photo: Visual China

The rate of growth for the world’s money supply slowed last year. The slowdown marked a turning point for the world’s economy, ending a liquidity boom period that began after the 2008 global financial crisis. During this period, much debate focused on how quantitative easing had managed to boost an economic recovery in the United States. But the price of this expansionist policy in the United States was often overlooked.

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