China Announces $1 Trillion ‘Silk Road’ Plan

China is aiming to re-create Marco Polo's ancient "Silk Road" that connected Europe to Asia. But instead of the camels and caravans that transported spices and silk hundreds of years ago, a $1.4 trillion network of modern trading routes would be built.

On Sunday, Chinese President Xi Jinping hosted 28 heads of state at the opening of a two-day summit focusing on the so-called "Belt and Road" initiative.

Analysts suggest the project could shift the center of global economy and challenge the U.S.-led world order.

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