Category: Development

The Nepalese government announced on Wednesday that it signed a framework agreement with China on the Belt and Road Initiative. Kathmandu signed an initial BRI agreement in 2017, but projects have not progressed so far. The new agreement paves the way ...

By Aurélia End Joe Biden on Wednesday lauded a landmark railway infrastructure project aimed at countering China's investments in Africa as a "game changer" while on a historic first visit to Angola by a US president.

President Joe Biden will make the case on Wednesday in Angola that the United States must do better rather than more than China to regain influence in Africa. Biden is on the second day of a visit to the African country, ...

President Xi Jinping on Tuesday told Nepali Prime Minister Khadga Prasad Sharma Oli that China will offer more support to develop the country's infrastructure, Chinese state media reported. The leader of the Himalayan republic was in Beijing on Tuesday to meet ...

Joe Biden arrived in Angola Monday on the first and only trip to sub-Saharan Africa during his presidency, which intended to underline U.S. ambitions in Africa amid significant investment from China. The U.S. leader, who hands over to Donald Trump on ...

Two very interesting stories this week highlight the complexity of China's development finance initiatives in Asia and Africa. In Cambodia, people close to the massive $1.7 billion Funan Techo canal project hint that Chinese financing isn't as secure as Prime Minister Hun Manet made it sound when ...

When construction of Cambodia's $1.7 billion Funan Techo canal got underway in August, Prime Minister Hun Manet confidently assured everyone that Chinese funding for the project would come through. Now, though, there are mounting concerns the Prime Minister's assurances may have been ...

Malaysia’s Transport Minister Anthony Loke called for the development of an integrated pan-Asian high-speed rail network, in order to avoid disruptions of South China Sea shipping. In an interview with South China Morning Post while visiting Hong Kong, Loke said developing ...

By Jiaqi Lu The era of carbon-intensive mega-investments by China in global energy infrastructure may be coming to an end. Recent findings from the China’s Global Energy Finance Database, managed by the Boston University ...

By Thanaporn Promyamyai and Damon Wake Suffocating under a mountain of debt to China, Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.

Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration. The $3.5-billion ...

The United States on Thursday called on Latin American nations to be vigilant about Chinese investment as President Xi Jinping inaugurated a major port in Peru. Xi, in Peru alongside US President Joe Biden for the APEC summit, was opening the ...