Category: Belt and Road
China Merchants Group Exporting Its Shekou Model of Port-industrial Development to Africa
As the final frontier for trade growth, Africa is the only region where exponential economic and cargo growth is still possible. The continent is home to some of the world’s fastest-growing economies. However, many existing African ports do not have the capacity to accommodate a growing demand ...
In Glasgow, Biden Positioned His Global Infrastructure Plan Against China’s Without Actually Saying “China”
U.S. President Joe Biden addressed the COP26 meeting in Glasgow, Scotland on Tuesday. He used some of his time to restate the broad principles guiding his Build Back Better World (B3W) initiative that is ostensibly intended to build infrastructure in developing countries but is also ...
Chinese Ambassador to Kenya Wants to Integrate the Port of Mombasa Into Overland Trade Routes in Asia
China's ambassador to Kenya, Zhou Pingjian, met on Friday with leaders from the Kenya Port Authority (KPA) to discuss further integration of the Port of Mombasa with the Belt and Road, specifically linking the port to the Gwadar Port in Pakistan that is at the center of ...
Jake Sullivan: B3W Will Show How Americans Can Outcompete China on Infrastructure
U.S. National Security Advisor Jake Sullivan (photo) reiterated what's has become a common talking point in Washington: that the administration's Build Back Better World (B3W) initiative is going to challenge China's Belt and Road Initiative head-on. Sullivan ...
If the U.S. is Going to Compete Against China’s BRI, Then It’s Going to Have to Mobilize the Private Sector… And That Won’t Be Easy
If the proposed B3W has any chance of rivaling China's eight-year-old Belt and Road Initiative, the U.S. government is going to have to persuade development finance institutions, private companies, and Wall Street that building infrastructure in some of the world's highest risk countries is a good investment. ...
It Looks Like the U.S. and Europe Are Now More Worried About China’s Growing Influence in LatAm Than Africa
The Daily Mail's sensationalist headline today ("China's take-over in America's back yard") speaks to the mounting concern in U.S. and European capitals about China's growing presence in Latin America and the Caribbean. This latest wave of anxiety, ...
Belt and Road Energy Conference Opens in Qingdao, Ethiopia’s Ambassador to China Among First Day Speakers
Representatives from 32 countries attended the opening day of the Belt and Road Energy Partnership conference in the northern port city of Qingdao on Monday. Ethiopia's ambassador to China Teshome Toga (photo) was among the first day's speakers along with Vice-Premier Han Zheng. ...
Chongqing: The Former Rustbelt City at the Heart of the World Economy
Chongqing is a massive industrial city in China's heartland that many outsiders are unfamiliar with despite its enormous size. The city alone has a GDP of $386 billion, larger than both South Africa ($310 billion) and Egypt ($363 billion).
As Biden’s Build Back Better Initiative Stalls at Home, Many Doubt the World Edition Will Fare Any Better
With U.S. President Joe Biden's ambitious $3.5 trillion infrastructure agenda bogged down in Congress, his campaign promise to "Build Back Better" now hangs in limbo. If the president's plan fails to make it out of Congress, or if it's scaled down to the point where it's ...
Kenya Led the World in Finishing Chinese-Funded Infrastructure Projects Ahead of Schedule
Kenya completed more Chinese-financed construction projects ahead of schedule than any other country in the world, according to the findings from AidData's recently released report on Belt and Road financing. AidData, a research lab based at William & ...