Tag: Belt and Road
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Why the United States Struggles to Compete With China in Building African Infrastructure: Report
When it comes to building infrastructure in Africa, the U.S. dreams of competing with China, but in reality, there is hardly any contest to speak of. This is the main thrust of a new report by the Chinese research body, the Institute for International and Area Studies, ...
Putting Geopolitical Competition on Display: Sierra Leonian President Visits China
By Lucas Engel On Saturday, March 2, 2024, Julius Maada Bio, the President of Sierra Leone, returned from China, marking the end of the year’s first visit to China by an African head of state.
Beijing’s New Ambassador to Angola Arrives at a Critical Juncture in Africa-China Relations
By Lukas Fiala The arrival of China’s new ambassador, Zhang Bin, to Angola last week was barely noticed outside the niche community watching Chinese diplomacy. While this posting is reportedly Zhang’s first ambassadorial appointment, it is not his first in Angola. ...
Solomons Islands PM Vows ‘Look North’ Pro-China Policy if Reelected
Solomon Islands' pro-China leader on Tuesday detailed a reelection campaign based on a "look North" strategy that would deepen security and economic ties with Beijing while retaining "traditional" allies like Australia. Prime Minister Manasseh Sogavare -- who has accused "agents of ...
The BRI Is Back on in Nepal With Funding for Hydropower Plant
Approval of a loan to support a Chinese hydropower project could signify a breakthrough in the so far stillborn development of the BRI in Nepal. A provincial Chinese energy SOE, Sichuan Chuantou Energy, secured a $182.50 million loan from the Export-Import ...
New Investment Data Shows Belt and Road Initiative Is Rebounding
Chinese investment in Belt and Road Initiative (BRI) projects rose to its highest level since 2018. A new report by Fudan University in China and Griffith University in Australia shows that investment has jumped by 80% since last year. The ...
China’s New Investment Priorities in Latin America and the Caribbean
For much of the past year, there's been a lot of talk about China's new leaner, more focused Belt and Road Initiative that goes by the mantra "Smart and Beautiful." The problem is very few people actually know what it looks ...
Maldivian President Courts Investors, Controversy During China Trip
Mohamed Muizzu, the newly elected president of the Maldives, met with business leaders and Party officials in the Southeastern province of Fujian during the first phase of his five-day visit to China. Speaking at an “Invest Maldives” event in Fuzhou on Monday,
Sliding Currency Push Up Kenyan Payments for Chinese Railway
Kenyan tax payers will have to cough up $87 million more for a January repayment of a loan for the Chinese-built Standard Gauge Railway (SGR) because of a depreciation on the value of the Kenyan shilling. According to the World Bank,
3 Reasons Why China Didn’t Join the U.S.-Led Coalition to Counter Houthi Attacks in the Red Sea
There was some dismay/confusion in the U.S. and Europe when China opted not to join the multinational coalition to combat Houthi attacks in the Red Sea. A lot of Western analysts supposed, incorrectly, that it would be in China's economic ...
Ship Attacks Shift Attention to China’s Overland Routes
Attacks by Houthi rebel groups on commercial ships in the Red Sea are forcing the world’s largest shipping companies to reroute their shipments. About 10% of the world’s trade passes through the Red Sea, but the route accounts for 40% of ...
Awkward Timing as Italy Withdraws from BRI
Italy has announced its formal withdrawal from the Belt and Road Initiative after joining the China-centered infrastructure and investment project in 2019. The timing of the announcement that Rome won't renew its BRI commitment is notable. It came only a day before the ...