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looking beyond borders

foreign policy and global economy

Archive for the tag “OBOR”

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

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 Is Building Its New Silk Road In Space, Too

The Belt-and-Road Initiative (BRI), a pet project of China’s leader Xi Jinping, aims to build trillions of dollars of infrastructure from Asia to Africa to Europe, and along sea routes too. Involving roughly 70 countries so far, it entails massive spending (and lending) by China on railroads, ports and energy projects, highways—and, increasingly, satellite launches.

Read Here – Quartz

India And China Jostle For Influence in Iran And Central Asia

China and India’s new Great Game has reached the playing field of the original imperial power rivalry in the 19th century: Iran and Central Asia. Each of the rising giants wants to be the one to shape a new regional order. Their competition for influence continues to unfold in Indian Ocean countries like the Maldives and Sri Lanka. But they are also pressing farther west, up into the Arabian Sea, Iran and the Central Asian states.

Read Here – Nikkei Asian Review

Also Read: Rising Power Of India’s influence On China in Regional Politics

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

Good President/Bad Emperor?

The prospect that President Xi Jinping could remain in power indefinitely has caused much consternation outside China. But within China, and among many serious observers, the elimination of the constitutional term limit on presidential incumbents has attracted a more positive, or at least nuanced, response.

Read Here – Project Syndicate

Chinese Premier Li Keqiang Rejects Claims Beijing Is Trying To Buy Global Influence

Chinese Premier Li Keqiang rejected suggestions that China was leveraging its economic strength to gain political influence on the world stage…The United States, Germany, India and Australia have all raised concerns about China’s growing influence, which has expanded significantly through its trade and infrastructure development plan known as the “Belt and Road Initiative”.

Read Here – South China Morning Post

China Launches Mega Aid Agency In Big Shift From Recipient To Donor

China is laying the groundwork for a new aid agency to oversee its massive – and opaque – foreign aid programmes as Beijing closes in on Washington as the world’s biggest donor. The new agency, the International Development Cooperation Agency, will answer to China’s highest executive body, the State Council, and consolidate roles that had been between divided between the ministries of commerce and foreign affairs.

Read Here – South China Morning Post

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