Tag: Belt and Road
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China’s Evolution from “Rules Taker” to “Rules Maker” in Development Finance
As China’s economic influence expands, so does its ambition to shape the very system that once constrained it. In this episode of The China-Global South Podcast, Eric speaks with Greg Chin and Kevin Gallagher from Boston University’s Global Development Policy Center about
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Kenya’s Chinese Debt Swap Comes With a Hidden Currency Risk
The Kenyan Treasury last month announced a breakthrough in its years-long effort to restructure billions of dollars still owed to the China Exim Bank that were used to build the Standard Gauge Railway. The two ...
Operations manager Fang Wenjun (L) from Chinese firm Kaishan Group and a colleague inspect the facility at the Sosian Menengai 35 MW Geothermal Power Plant in Nakuru county, Kenya, Sept. 9, 2024. (XINHUA)
After months, sometimes years, of negotiations, feasibility studies, and financial structuring, shovels hit the ground and concrete is poured. But the final outcome of a power project is not just a function of engineering inputs or Chinese execution. It also hinges on what happens ...
Indonesia to Renegotiate China Rail Loan, 5.1m Riders This Year
Indonesia’s Jakarta–Bandung high-speed rail “Whoosh” carried 5.1 million passengers in January–October 2025, 6.3% more than a year earlier. The record lifts total ridership to more than 12.2 million since it opened on Oct. 17, 2023, the operator PT Kereta Cepat Indonesia China (KCIC) said.
China Drives Indonesia’s Push for Clean Energy and More Coal
China sits at the heart of Indonesia’s energy paradox — driving the country’s ambitious shift toward renewables while remaining deeply entrenched in its coal economy. Chinese financing and technology are accelerating Indonesia’s clean energy buildout, from nickel refining to electric vehicles ...
China Signals Support for Indonesia HSR; Debt Under Review
China said it is ready to help keep Indonesia’s Jakarta–Bandung high-speed line running smoothly as Jakarta opens talks to restructure project loans. In Beijing on Monday, Foreign Ministry spokesperson Guo Jiakun emphasize that when evaluating high-speed rail projects, Indonesia and China ...
Digital Silk Road 2.0: How China Is Shaping Central Asia’s AI Ecosystem
The race for artificial intelligence supremacy is now global. As the United States and China compete to define the future of AI, their rivalry increasingly shapes how they engage with the rest of the world. Washington leans on alliances and export ...
How China is Displacing U.S. Economic Power in Latin America
For centuries, the United States was the undisputed hegemonic power across the Western Hemisphere; however, that is no longer the case today. China is now the largest trading partner for the majority of countries in Latin America and is quickly filling ...
Top-Level Leadership Change In CPC’s International Outreach Body
Liu Jianchao, long the Communist Party of China’s head of international outreach, has been replaced by Liu Haixing, previously a high-ranking security official, as the head of the International Department of the Communist Party of China Central Committee (IDCPC.) The body ...
China, Zambia and Tanzania Seal $1.4 Billion Deal to Modernize Tazara Railway
More than a year after a memorandum of understanding was signed in Beijing, China, Zambia and Tanzania have finalized an agreement to rehabilitate and modernize the Tazara railway. Built by China in the 1970s, the strategic line links Zambia to Tanzania and runs to the port of ...
China’s Play for Global Governance Leadership
In the weeks since Chinese President Xi Jinping announced the new Global Governance Initiative (GGI) during a speech at the SCO summit in Tianjin, Beijing's propaganda apparatus has been working overtime to build support for the new plan, particularly in Africa, ...
Future-Gazing China’s Global Governance Initiative
By Lukas Fiala At China’s SCO summit earlier this month, Xi launched yet another one of his signature foreign policy-oriented projects: the Global Governance Initiative (GGI). Adding an umbrella framing to the existing alphabet soup of GSI, GDI, GCI and ...
Vanuatu Pushes Back on China-Excluding Deal with Australia
Australian Prime Minister Anthony Albanese had to cancel the signing of a landmark treaty with Vanuatu because it would limit the Pacific island state’s infrastructure cooperation with China. The Nakamal Agreement would see Australia allocate AU$500 million (about US$330.3 million) for ...
Beijing Drives New Rail Bridge Linking Thailand – Laos with China
China, Thailand, and Laos have agreed to accelerate the construction of a second Nong Khai–Vientiane rail bridge. This move underscores Beijing’s central role in reshaping Southeast Asia’s transport and trade routes. It is designed to carry trains directly from Thailand ...
Indonesia Backs Xi’s Global Governance Initiative at BRICS Meet
Indonesian President Prabowo Subianto has thrown his support behind Chinese President Xi Jinping’s proposals at a BRICS virtual leaders’ meeting last night. The statement is aligning Southeast Asia’s largest economy more closely with Beijing’s call to defend multilateralism and reject ...