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CANADA'S DEEP STATE Part 13 - The China Model for the Infrastructure Bank How could China be Canada’s model for the Infrastructure Bank? And why would this be so attractive to financiers? The article that started this series: Terence Corcoran: Dominic Barton could be the right man for China ... if he remembers what makes Canada work Barton and McKinsey, for example, have been enthusiastic backers of China’s Belt and Road Initiative (BRI), a massive global infrastructure scheme that aims to connect China to markets in Europe, Asia and Africa through construction of ports, rail lines, and other projects. It would connect China to more than 65 countries, from Greece to Malaysia and Russia, from Italy to Sri Lanka and Kenya. Also known as the One Belt, One Road (OBOR) infrastructure initiative, the project was described by Barton in 2015 as “inspiring” and a model for “long-term thinking” with infrastructure spending as the foundation for economic growth. China’s Belt/Road model, suggests Barton, is the way of the future. “The Chinese saying ‘build a road first if you want to get rich’ is spot on - data suggests that for every $1B in infrastructure investment, 30,000 to 80,000 jobs are created, generating $2.5B in new GDP.” Barton also headed the Trudeau government’s Advisory Council on Economic Growth, which issued reports that essentially reflected the Chinese idea that infrastructure building drives growth and prosperity. It recommended establishing a Canadian Infrastructure Development Bank, which now exists as the source of a stream of Liberal pork-barrel pre-election announcements. If Barton as ambassador can stick to promoting true Canadian individual and market values to the Communist rulers of China, instead of preaching Chinese values to Canadians, then he just might turn out to be the right man for Canada in China @BlueGood https://business.financialpost.com/opinion/terence-corcoran-barton-could-be-the-right-man-for-china-if-he-remembers-what-makes-canada-work

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