Asia is currently enjoying the spotlight of major economic initiatives from global leaders, we as part of the ASEAN Community should ask ourselves, which would bring the most value? China’s Belt Road Initiative (BRI) aims to revitalize the ancient silkroad trade route through infrastructure development. According to China’s Ministry of Commerce, the country has contributed a total of US$120.1 billion of overseas direct investment in 2017 mostly for infrastructure projects. Stories such as the Mombasa – Nairobi railway project in Kenya gave the impression of unprecedented opportunities where the usual 24 hours travel time between the two cities is cut down into a mere 4-6 hours. Another tale is the ancient port of Piraeus where China state-owned firm COSCO Shipping acquired 51 percent of the port located in Greece where it is believed the investment will boost economic recovery following the debt crisis that devastated the country in 2009. However, BRI is also … [Read more...] about EU–Asia connectivity strategy: A digital alternative?