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looking beyond borders

foreign policy and global economy

Archive for the tag “infrastructure”

China Reveals Details Of ‘Greater Bay Area’ Plan To Turn Hong Kong And 10 Neighbouring Cities Into Economic Hub

A cluster of world-class cities for work, life and leisure forms the central vision of the “Greater Bay Area” finally unveiled by the Chinese government late on Monday, laying out a road map to what it hailed as the new era of opening up. Coming 40 years after the 1978 opening up of China, the State Council published a document setting out an ambitious plan to transform 11 cities around the Pearl River Delta into a thriving global centre of technology, innovation and economic vibrancy.

Read Here – South China Morning Post

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As Questions Are Raised About ‘Belt And Road’, Projects Slow In Southeast Asia

China is reshaping the approach of its flagship “Belt and Road Initiative” in Southeast Asia, as Chinese projects in the region plunged last year amid growing global scrutiny of Beijing’s development strategy. The value of newly announced big-ticket deals in the region – investment commitments and construction contracts worth more than US$100 million – dropped 49.7 per cent in 2018 to US$19.2 billion, its lowest in four years, according to analysis by Citi Economics, using data amassed by the US think tank American Enterprise Institute.

Read Here – South China Morning Post

How To Respond To China In Africa

It is indeed true that China is ever more involved in Africa. And that involvement now includes a somewhat extensive security presence. Much has been said about the new Chinese military base in Djibouti. There has been finger-pointing and apparently laser-pointing too.

Read Here – The National Interest

Exposing China’s Overseas Lending

Over the past 15 years, China has fueled one of the most dramatic and geographically far-reaching surges in official peacetime lending in history. More than one hundred predominantly low-income countries have taken out Chinese loans to finance infrastructure projects, expand their productive capacity in mining or other primary commodities, or support government spending in general.

Read Here – Project Syndicate

The China Backlash

The fact is that China has grown strong and rich by flouting international trade rules. But now its chickens are coming home to roost, with a growing number of countries imposing antidumping or punitive duties on Chinese goods. And as countries worry about China bending them to its will by luring them into debt traps, it is no longer smooth sailing for the BRI.

Read Here – Project Syndicate

India Should Give Up Zero-sum Mindset Toward China-Maldives Cooperation

As the Maldives celebrates the opening of the China-Maldives Friendship Bridge – a project Maldivians describe as the project of the century and a dream come true – there was no congratulations from its neighbour to the north. In fact, Indian officials and media, on the contrary, went out of their way to try and discredit the bridge.

Read Here – Global Times

Three Myths About China’s Investment In Africa And Why They Need To Be Dispelled

Three common misconceptions in Western media and policy circles about the nature of China’s involvement in Africa interferes with US policymakers’ ability to craft and implement an effective Africa strategy. Debunking these myths will foster a more constructive understanding of Beijing’s interactions with the continent and allow the United States to focus on areas of competitive advantage.

Read Here – World Economic Forum

Trade Deficit Tops China-Africa Summit In Beijing

Chinese tourists in South Africa. Pix/LBB

The continent is an important part of Xi’s Belt and Road initiative – a plan to bolster a network of infrastructure connecting China by land and sea to Southeast Asia, Central Asia, the Middle East, Europe, and Africa. China has pledged $126bn for the plan, which has been praised by its supporters as a source of vital financing for the developing world. Critics say Africa is loading itself up on Chinese debt that countries may struggle to repay, with estimates ranging in the tens of billions of dollars.

Read Here – Al Jazeera

China’s Belt And Road Initiative Finds Shaky Ground In Eastern Europe

As China expands its influence around the world, Europe has become a prime destination for Chinese investment and infrastructure projects. Chinese companies have poured over $300 billion into the Continent over the past decade, lately under the Belt and Road Initiative, to acquire strategic assets in Western Europe, develop energy and port infrastructure in Southern Europe and increase transport connectivity to Eastern Europe.

Read Here – Stratfor

An Emerging Indo-Pacific Infrastructure Strategy

The reaction to this week’s announcement by US Secretary of State Mike Pompeo of a US$113 million infrastructure fund is that it was more than a tad underwhelming. When set against potentially upwards of US$1 trillion in financing for China’s Belt and Road Initiative (BRI) – to which the new US fund is a thinly veiled response – that certainly seems the case. Yet the outlines of an Indo-Pacific infrastructure strategy that looks potentially more promising can also be seen.

Read Here – The Interpreter

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