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looking beyond borders

foreign policy and global economy

Archive for the tag “infrastructure”

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

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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

US Competes With China’s ‘Belt and Road Initiative’ With $113 Million Asian Investment Programme

The US government is expanding its infrastructure drive in the Asia-Pacific region using new investment programmes amid rising anxiety in Washington about China’s aggressive overseas development policies. Announced by Secretary of State Mike Pompeo on Monday, the initiative follows concerns about the Trump administration’s commitment to engaging with countries in the Indo-Pacific region.

Read Here – South China Morning Post

Buyer’s Remorse: Pakistan’s Elections And The Precarious Future Of The China-Pakistan Economic Corridor

Why should China care about the outcome of this week’s elections in Pakistan? Historically, China has could afford to be indifferent to the civilian political leadership of its “all weather” friend. The abiding relationship was with the Pakistan Army, and Pakistan’s major political parties all understood the value of maintaining good terms with Beijing.

Read Here – War On The Rocks

What To Know About China’s Ties With Africa, From Aid To Infrastructure

China’s engagement with Africa has accelerated over the decades as the middle kingdom eyes the world’s second largest continent for opportunities for economic growth and geopolitical influence. President Xi Jinping’s visits this week to Senegal, Rwanda, South Africa and Mauritius – his first overseas trips of the year – are expected to build ties and extend Beijing’s influence on the continent.

Read Here – South China Morning Post

China’s Strategic Investments In Europe: The Case Of Maritime Ports

EU ports have recently caught the attention of various Chinese corporations, as China undertakes infrastructure projects around the world as part of its Belt and Road Initiative (BRI). The BRI is an international infrastructure and trade development project led by the Chinese government in an effort to pursue greater cooperation and deeper integration of China into the world economy. It is, in the simplest sense, a vision to carry on the ‘Silk Road spirit’ – “communication and cooperation between the East and the West”.

Read Here – bruegel.org

The China – India – Nepal Triangle

China wants to invest in big connectivity projects in Nepal but prefers to bring its Asian competitor, India, on board. Some Nepali and Chinese scholars see this as an opportunity for trilateral cooperation between Nepal, India, and China, but Indian policymakers and academics have not shown much interest.

Read Here – The Diplomat

Is China’s Belt And Road Infrastructure Development Plan About To Run Out Of Money?

China’s ambitious plan to recreate the old Silk Road trading routes across Eurasia and Africa is facing a serious financing challenge, according to the country’s senior bankers and government researchers.

Read Here – South China Morning Post

Can China Realise Africa’s Dream Of An East-West Transport Link?

China has been crucial to getting the rail portion of the project off the ground. After more than a decade of disagreements with a Franco-Canadian consortium, the governments of Senegal and Mali signed separate agreements with China Railway Construction Corporation in 2015. Senegal’s deal comes to $1.24 billion, and will be funded by a Chinese loan, payable over 30 years at 2% interest.

Read Here – RealClearWorld

India Sounds Alarm On Chinese Infra Projects In Neighbourhood

In a candid assessment, foreign secretary Vijay Gokhale said that China was “making headway” in infrastructure projects in South Asia and its “far greater” capacity to take up these undertakings are a “constant concern” for India. Gokhale’s remarks were made to the Parliamentary Standing Committee on External Affairs at a hearing on February 16. These were reproduced in the latest report of the standing committee on the Ministry of External Affairs’ budget, which was tabled last week.

Read Here – The Wire

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