(May 22): The Silk Road Summit, covering China’s One Belt, One Road (OBOR) initiative, is as much about celebrating Beijing’s rise as the 2008 Olympics were.

For the first time in the history of the Westphalian system, Asian and other non-European heritage countries are not only ascending to central places in the global order, but are refashioning its structure.

Unprecedented in size and scope, China’s infrastructure project promises investments of around $1 trillion, covering countries accounting for 60% of the world’s population and one-third of global GDP, including India. All this occurs at a time when Western global leadership is hamstrung by internal rifts.

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