Why Is China Building A New Silk Road?

There are strong commercial and geopolitical forces at play here, first among which is China’s vast industrial overcapacity – mainly in steel manufacturing and heavy equipment – for which the new trade route would serve as an outlet. As China’s domestic market slows down, opening new trade markets could go a long way towards keeping […]

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China’s High-Speed Rail Diplomacy

Today, China dominates the railway market, particularly for high-speed rail systems, which the Chinese are busily exporting to East Asia, Europe, and even the United States. China began to invest heavily in high-speed rail in 2007, seeking to create jobs and to improve the mobility of people and goods in its rapidly growing economy. Read […]

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Expensive and Useless: America’s Botched Afghanistan Aid

The problem of absent quality control has plagued U.S. infrastructure projectsin Afghanistan from the start. The Kabul-to-Kandahar road, due to the multiplicity of subcontracting agencies with no one actually accountable, initially omitted the many bridges and overpasses along the way, which meant that cars and trucks had to veer off the paved road and chart […]

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How China Fell Off The Miracle Path

For years now, Donald J. Trump has been sounding the alarm on China, calling it an economic bully that has been “eating our lunch.” The crux of Mr. Trump’s attack is that Beijing manipulates its currency to keep it cheap and give Chinese exports an unfair advantage. But that narrative is so last decade. China […]

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Indian Deal With Iran Shows Commitment To Infrastructure That Will Benefit China too

What matters more is that India is now willing to make an active contribution to promoting regional infrastructure development. In this regard, China is unlikely to engage in strategic confrontation with India. It is clear that the improvement of infrastructure in Central Asia will also provide opportunities for Chinese multinational corporations, which hope to find […]

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What China Knows About Africa That The West Doesn’t

From a negligible trickle in 2000, China’s trade with Africa topped $160 billion in 2015, ranking as far and away the largest trade partner with the continent. In 2014, China signed more than $70 billion in infrastructure contracts in the continent, and Chinese banks now provide more loans to African nations than does the World […]

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