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Archive for the tag “OBOR”

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

In South Asia, Chinese Infrastructure Brings Debt And Antagonism

China makes no secret of its interest in the Indian Ocean, which contains vital sea lanes along which a large share of its imports and exports pass. It has not been shy about trying to curry favour with littoral and island states through its Belt and Road Initiative, a massive project to invest in infrastructure along ancient and modern trading routes.

Read Here – The Economist

The Backlash To Belt And Road

When Beijing announced its One Belt, One Road initiative five years ago, the global reaction was immediate and pronounced. OBOR, as it became known, was hailed as a transformative effort to deploy China’s economic might in service of its strategic goals. By going out of their way to reject analogies to the United States’ Marshall Plan in Europe, Chinese leaders in fact invited the comparison.

Read Here – Foreign Affairs

US May Boost Projects In Indo-Pacific To Counter Beijing’s Belt And Road Plan

Washington is considering boosting infrastructure projects in the Indo-Pacific to counter Beijing’s growing global clout through its “Belt and Road Initiative”, observers say, after last month’s Congress hearing on a policy response to the plan.

Read Here – South China Morning Post

Why Is China Buying Up Europe’s Ports?

China’s trillion-dollar signature foreign-policy project, the Belt and Road Initiative, is often lampooned as just a fuzzy concept with little to show for it on the ground. But in bustling ports from Singapore to the North Sea, state-owned Chinese firms are turning the idea into a reality with a series of aggressive acquisitions that are physically redrawing the map of global trade and political influence.

Read Here –  Foreign Policy

China And Its Interest In The Mekong

When China and the leaders of nations along the Mekong River meet on Wednesday at the Lancang-Mekong Cooperation summit in Cambodia, a top item will be mapping out a five-year development plan that would include building hydropower dams and other projects for the region – pointing to its importance in China’s ambitious belt and road infrastructure plan.

Read Here – South China Morning Post

Why And How China Should Lead ‘Belt And Road’ Initiative

The natural question is then: Why China? Why should China be that external actor? The reason is that China supplies some critical, missing input. That input is deep pockets — someone has to pay a large initial cost to jump-start the building of the infrastructure network, and the actor needs to be able to absorb a huge amount of risk (liquidity risk, operational risk, construction risk, etc.), and it needs to have a long-term investment and strategic horizon. If we look at America, its own infrastructure is 30 years behind, partly because of the ferocious bipartisan debates on how to spend taxes. America will not have the ability to coordinate across many countries and regions and allocate spending efficiently if it cannot even do so in its own country.

Read Here – Caixin Global

Why One Belt, One Road Will Run Through Tehran

As the Trump administration works out the specifics of its strategy to contain Iran, China is looking for ways to bring Iran into the global system. After the recent party congress, which cemented President Xi Jinping’s grip on power, those efforts will likely take the form of the completion of his most ambitious foreign policy plan, the One Belt, One Road (OBOR) initiative, of which Tehran will be one of the key beneficiaries.

Read Here – Foreign Affairs

China’s $62 Billion Bet On Pakistan

Beijing has made the Gwadar port the centerpiece of the China-Pakistan Economic Corridor (CPEC), a series of Chinese-financed energy and infrastructure projects in Pakistan totaling upward of $62 billion in aid and investments. CPEC, according to Chinese officials, is a “flagship project” of the Belt and Road Initiative, Beijing’s massive push to create a unified economic corridor that runs through Eurasia and into Africa. A top goal is to connect the landlocked western Chinese city of Kashgar to the Arabian Sea via Gwadar, providing China an alternative route for shipping gas and oil.

Read Here – Foreign Affairs

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