Advertisements

looking beyond borders

foreign policy and global economy

Archive for the tag “infrastructure”

China Is Quietly Reshaping The World

China is quickly growing into the world’s most extensive commercial empire. By way of comparison, after World War II, the Marshall Plan provided the equivalent of $800 billion in reconstruction funds to Europe (if calculated as a percentage of today’s GDP). In the decades after the war the United States was also the world’s largest trading nation, and its largest bilateral lender to others.

Read Here – The Atlantic

Advertisements

The Twists And Turns Along China’s Belt And Road

China’s trillion-dollar Belt and Road Initiative could potentially transform relations with over 60 countries across Eurasia, Africa and beyond. But to bring the concept to fruition, Beijing must overcome mammoth logistical obstacles, navigate fragile political situations and placate growing regional apprehension surrounding its ambitions.

Read Here – International Crisis Group

China Quickens Work On Pakistan Utility In Area Claimed By India

Construction on the 720 megawatt Karot power station being built on Jhelum river began in December 2016 and looks set to finish nine months ahead of its December 2021 completion date, a first for a Pakistan hydro-project said Qin Guobin, chief executive officer of the state-owned China Three Gorges Corp. South Asia Investment Ltd. The company has put in place an aggressive strategy to cut the project’s financing costs.

Read Here – Bloomberg

Wanted: A U.S. Strategic Response to China’s Belt And Road Initiative

China is engaging in a nearly trillion dollar play for the future of Afro-Eurasia—called the Belt and Road Initiative—and has so far caught the United States flat-footed. Unless the United States works with key allies and partners to craft a forward-leaning response, it risks replicating the strategic failure that occurred in the South China Sea. The result could be a China-centric economic and security order extending across Eurasia and along the Indian Ocean rim.

Read Here – The National Interest

Advancing CPEC By Stealth

The corridor is only minimally about transit trade. The power plants, too, are little more than the “early harvest projects”, on commercial terms, designed to jump-start the economy before the real game begins. The real game of CPEC is about granting access to Chinese enterprises to Pakistan’s domestic markets, raw materials and the agrarian economy.

Read Here – Dawn

China, ASEAN And The Billions Of Dollars

Infograph courtesy: Global Times

Chinese In The Russian Far East: A Geopolitical Time Bomb?

Recent meetings between Beijing and Moscow – at the Belt and Road Forum last month and at a two-day summit last week in Russia – are the latest in a string of efforts to strengthen Sino-Russian ties, especially along the border. However, like many nations, Russia has found that working with China can be a double-edged sword.

Read Here – South China Morning Post

Pakistan Can’t Afford China’s ‘Friendship’

Pakistani and Chinese officials boast that CPEC will help address Pakistan’s electricity generation problem, bolster its road and rail networks, and shore up the economy through the construction of special economic zones. But these benefits are highly unlikely to materialise. The project is more inclined to leave Pakistan burdened with unserviceable debt while further exposing the fissures in its internal security.

Read Here – Foreign Policy

Fitting Into Beijing’s New World Order

The VIP list at Beijing’s glittering launch party for its massive Silk Road trade plan was worth scrutinising not for the luminaries who were on it, but those who weren’t. Singapore Prime Minister Lee Hsien Loong, who irritates Beijing by standing up to its bullying in the South China Sea, was notably missing; he didn’t get an invitation. European government heads were welcome, but mostly stayed away, as did leaders from India and Japan. The no-shows reflect a broad disquiet: To skeptics, what President Xi Jinping calls the “Project of the Century” is, at heart, an imperial venture.

Read Here – Wall Street Journal

Why US Firms Are Giving The Cold Shoulder To China’s ‘Belt and Road’ Globalisation Strategy

In the US, China’s pan-Eurasian infrastructure initiative is more or less invisible outside of news reports from domestic media that mostly frame it as Beijing’s grand plan for geopolitical domination

Read Here – South China Morning Post

Post Navigation

%d bloggers like this: