Tag: BRI
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The More We Get Together: Benefits of Cofinancing Development Projects in the Global South
By Cecilia Springer The Global South faces major financing gaps for achieving sustainable development goals. At the same time, the main infrastructure initiatives seeking to fill these gaps - China’s Belt and Road Initiative (BRI) and the US-led Partnership for Global Infrastructure ...
China’s Economy Rebounds on Back of Increased Trade
China’s economy rebounded in the first quarter of this year, with gross domestic product growing by 4.5%, exceeding expectations. A recovery in retail spending and real estate prices has added to growth, according to new economic figures released on Monday. The 4.5% growth ...
China’s Lending Money Again to Countries in the Americas
Chinese lending to countries in Latin America and the Caribbean is gaining momentum. For the second year in a row, China's two largest policy banks have increased lending to countries in the region, albeit in much smaller amounts than what they ...
Africa’s Role in China’s Evolving Geopolitical Priorities
It's been a momentous past two weeks for Chinese foreign policy with major a breakthrough in the Sri Lanka debt impasse and the landmark announcement that Beijing helped to broker the restoration of ties between Iran and Saudi Arabia. Meantime, China ...
China’s Debt Fight Has High Stakes
We’ve covered Chinese lending to the Global South through the boom days of the BRI and the current debt busts cratering Zambia, Sri Lanka and other economies. One of the things we’ve learned is that China plays a weird dual role in the global development finance landscape. ...
The Final Piece of China’s Central Asian BRI Puzzle Is In Place
A recent MoU between China and Turkmenistan means that the whole of Central Asia is now part of China’s Belt and Road Initiative. This point was made during a briefing by Foreign Ministry spokesperson Wang Wenbin. The symbolism of completing the Central Asian portion of the BRI is ...
How the Global South Can Leverage the BRI and PGII: Competing and Complementary Infrastructure Initiatives
By Oyintarelado Moses and Keren Zhu Last month, the United States and the European Union launched new agreements under the Partnership for Global Infrastructure and Investment (PGII) on the sidelines of the G20 meeting and the European Commission announced the Global Gateway’s (GG) ...
WEEK IN REVIEW: Beijing Considering Hosting a Third Belt & Road Forum Next Year
Chinese President Xi Jinping said Beijing is considering hosting a third Belt & Road forum next year, the first time a major BRI event would be convened in China since the beginning of the pandemic. The key question is whether China will relax its strict COVID travel restrictions ...
Thailand’s Chinese-financed High Speed Railway Gets Boost After Xi Visit to Bangkok
The long-delayed 609-kilometer China-Thailand high-speed standard gauge railway is once again a top priority for both sides following Chinese President Xi Jinping's visit to Thailand last week, where the project topped the agenda in bilateral talks. With a price tag of ...
Nickel and Diming Poor Countries on Loss and Damage Will Bite the Global North
The debate about compensating the Global South for loss and damage relating to climate change at the COP27 climate summit sparked a debate at the China Global South Project. This column is in response to Eric's take yesterday. The ...
How Host Country Policies are Driving Chinese Finance for Renewables
By Rishikesh Ram Bhandary The Egyptian government, host of the 2022 United Nations Climate Change Conference (COP27), has dubbed this meeting the “implementation COP.” For many developing countries, international finance is a key enabler that allows ...
China Isn’t Spending Anywhere Near as Much on Aid to Pacific Island Countries as Many Think
New research reveals that Chinese aid spending in Pacific Island Countries (PIC) is now at the lowest level in 14 years, challenging the widely held perception that Beijing is showering the region with money in a bid to boost its influence. ...