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looking beyond borders

foreign policy and global economy

Archive for the tag “railways”

Trade Deficit Tops China-Africa Summit In Beijing

Chinese tourists in South Africa. Pix/LBB

The continent is an important part of Xi’s Belt and Road initiative – a plan to bolster a network of infrastructure connecting China by land and sea to Southeast Asia, Central Asia, the Middle East, Europe, and Africa. China has pledged $126bn for the plan, which has been praised by its supporters as a source of vital financing for the developing world. Critics say Africa is loading itself up on Chinese debt that countries may struggle to repay, with estimates ranging in the tens of billions of dollars.

Read Here – Al Jazeera

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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

From Rail And Airports To Its First Overseas Naval Base, China Zeroes In On Tiny Djibouti

Djibouti President Ismail Omar Guelleh will arrive in China on Wednesday for a three-day state visit that is expected to further boost ties with the African nation. Situated in the Horn of Africa – adjacent to one of the world’s busiest shipping routes – Djibouti has a population of less than one million and is home to China’s first overseas military base.

Read Here – South China Morning Post

Seven Things We Learned About China In September

While everyone is talking about face recognition on new phones, China is already developing some surprising applications for this technology such as smiling to pay for your meal, using your face and your voice to access your residence hall at university, enforcing social norms by, for example, naming and shaming jaywalkers, and catching criminals on their day off.

Read Here – World Economic Forum

For China’s Global Ambitions, ‘Iran Is At The Center Of Everything’

Once dependent on Beijing during the years of international isolation imposed by the West for its nuclear program, Iran is now critical to China’s ability to realize its grandiose ambitions. Other routes to Western markets are longer and lead through Russia, potentially a competitor of China.

Read Here – The New York Times

China’s Railway Diplomacy Hits The Buffers

When Li Keqiang, China’s premier, took 16 European leaders on a high-speed train ride in 2015, the trip revealed more than an enthusiasm for rolling stock. It was also Beijing’s big sell for an engineering technology that it hoped would spearhead the launch of a grand geo-strategic ambition.

Read Here – Financial Times

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 Here – Foreign Affairs

China And Its Five-Year Goals

China's economy

Geoeconomics In Central Asia

Twenty-five years after the dissolution of the Soviet Union, Central Asia is a region of relative stability. There are, of course, security, economic, and social challenges, which give local leaders sleepless nights; however, the narrative shift – from a troublesome region to an area of opportunity – is producing some surprising results.

Read Here – The Diplomat

China’s Business In Latin America

Courtesy: Global Times

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