Tag: BRI
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Hunan Province’s Trade With BRI Countries Jumps 20%
Hunan province is now among the key hubs in China for African trade and increasingly it appears to be positioning itself as a larger BRI trading center. Hunan trade with BRI countries is up 20% year-on-year to $16.5 billion in the January-August period.
G7’s Global Infrastructure Initiative Will Have to Contend With China’s Massive Lead in Africa
The recent announcement of an initiative to rival China’s Belt and Road Initiative (BRI) has generated a lot of debate among scholars and policyholders trying to understand its feasibility, particularly in Africa. What is not in doubt is that the G7’s Build Back Better World (B3W) plan ...
China Calls For Equitable Vaccine Distribution Even as Belt & Road Countries Are Benefitting More Than Others
China has repeatedly called for fair and equitable distribution of COVID-19 vaccines around the world but it appears that its own vaccine distributions favor Belt and Road member countries. 60% of China's total global vaccine distributions, or 350 million ...
New BRI Index Reveals China’s Contractors Are Bullish on Building New Infrastructure in ASEAN, Not So Much in Africa
The Chinese state-owned insurance giant Sinosure and the China International Contractors Association released their new BRI Infrastructure Development Index that indicates where they think conditions are best for infrastructure growth. There's a lot of interest in Southeast Asia, much less so in Africa. Respondents ...
Welcome to the New Era of China-Africa Relations
China's apparent decision to bail on financing the $2.8 billion AKK pipeline in Nigeria is the latest evidence that Beijing's strategy to engage the continent has changed, a lot. This pipeline is now the third major project in Nigeria ...
Can BRI and B3W Co-Exist in Africa?
The Group of 7 countries recently announced a rival to China's Belt and Road Initiative. Their new Build Back Better World (B3W) initiative has prompted widespread discussion of the implications for developing regions that are desperate for new sources of capital to build infrastructure. ...
Scholar: G7’s B3W is Just a Bad Copy of China’s Belt and Road
It's been a month since the G7 unveiled its new "Build Back Better World" (B3W) initiative that aims to rival China's Belt and Road Initiative by providing an alternative source of infrastructure development financing that is presumably more transparent and sustainable. So far, ...
Leading Development Experts Try to Decipher the B3W and Whether It Can Present a Viable Alternative to China’s BRI
There's been a lot of discussion since the Group of 7 countries announced the creation of the new Build Back Better World (B3W) initiative. It is nominally intended to help developing countries build badly-needed infrastructure. But B3W also includes an underlying political objective: presenting an alternative, some ...
Many in U.S. & Europe Think China’s Belt and Road is Slowing Down. Leading Chinese Development Scholars Says They’re Looking at the Wrong Data.
Leading U.S. think tanks including CSIS and international media outlets like the Financial Times have settled on a narrative that the sharp reduction in Chinese overseas development lending provides the clearest evidence to date that China's Belt and Road Initiative is "pulling back" ...
An Update on Chinese Lending in Africa (It’s Not Good News)
This week's launch of the new Lagos to Ibadan Standard Gauge Railway may be the last time for a long while that a big multibillion dollars infrastructure project like this is built in Africa using Chinese loans. Chinese development ...
Two Competing Views of the G7’s B3W vs. China’s BRI
It's been almost a week since the G7 announced its new U.S.-inspired Build Back Better World initiative that aims to channel private capital to build infrastructure in developing countries as part of a broader effort to stem China's influence in this arena.
Alex Lo: Why China, Not the G7 is Setting the Global Agenda
Now that analysts and observers have had a few days to digest last weekend's announcements from the G7 summit in Cornwall, England, there's a growing sense that outcomes from the club of rich democracies did not rise to the challenges of the moment, specifically in their effort ...