On April 25-27, China’s government will host the leaders of dozens of countries to celebrate the Belt and Road Initiative (BRI), the signature foreign policy program of Xi Jinping. Since its founding in October 2013, the BRI now covers more than...
During his September 2018 U.N. address, President Donald Trump threatened that the United States may decide to only give foreign aid to “those who respect us and, frankly, are our friends.” In August, the White House attempted to cut foreign aid...
Pretty much every major economic indicator suggests that the Chinese economy will continue its downward momentum in 2019. Industrial production, retail sales, and even the once red-hot property market are all showing real signs of weakness. Some...
China is building a very 21st century empire—one where trade and debt lead the way, not armadas and boots on the ground. If President Xi Jinping’s ambitions become a reality, Beijing will cement its position at the center of a new world economic...
During her visit to Beijing, Shanghai, and Wuhan January 31-February 2, Prime Minister Theresa May attempted to improve her country’s trade relations with China—an increasingly important partner for the post-Brexit United Kingdom. And yet, May...
“China,” Napoleon once remarked, “is a sleeping lion. Let her sleep, for when she wakes she will shake the world.” In 2014, President Xi Jinping triumphantly declared that the lion had awoken. Under his leadership, China is pursuing a dream to restore its historical position as the dominant power in Asia.
The Asian Infrastructure Investment Bank (AIIB), headquartered in Beijing, held its second annual meeting on the Korean island of Jeju last week. Korea is currently positioning Jeju as a zero-carbon tourist destination, so the...
India said about OBOR that “no country can accept a project that ignores its core concerns on sovereignty and territorial integrity.”
There are more U.S. multinationals in Russia than there are Russian multinationals in the U.S.. Moscow and Beijing are nowhere near as close as Beijing is to Washington, but Russia stands more to gain by the Silk Road than the U.S. if not for...
According to an estimate by the Asian Development Bank, there is a funding gap of US$26 trillion for the infrastructure projects that will be required in Asia by 2030. China’s “Belt and Road Initiative” is designed to help meet this shortfall,...
The Chinese build more infrastructure than any other country (foreign or African) in Africa. Chinese banks are financing billions of dollars...
The Asian Infrastructure Development Bank (AIIB) unveiled its initial batch of projects at its first annual meeting in Beijing in June, giving the go-ahead to investments totaling U.S.$509 million (3.4 billion yuan) and providing...
Lake Baikal contains 20 percent of the world’s freshwater resources and affects the regional climate of North Asia and the Arctic Basin. The lake is home to 2,500 aquatic species and local communities in Mongolia and Russia revere the lake as the...
Chinese President Xi Jinping is on a grand tour of the western end of the “New Silk Road,” in visits to Serbia and Poland this week before he returns to Beijing via Uzbekistan, a more eastern outpost on China’s expanding 21st...
For the first time in centuries, China affects the global economy as much as it is affected by the global economy
The two ambitious projects have become an integral part of Chinese diplomacy.
International cooperation is in decline both in the political and financial spheres. The U.N. has failed to address any of the major conflicts since the end of the cold war; the 2009 Copenhagen Climate Change Conference left a...
A total of 57 countries have now joined the Asian Infrastructure Investment Bank, China’s newly-launched competitor to the Asian Development Bank (AIIB) that has sparked a flurry of objections from the United States, even culminating in a failed...
Fifty-seven countries, including two from Africa, are among the founding members of China’s new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank’s primary objective will be to develop infrastructure projects...
Obama worries the new bank will compete with the Western-led World Bank and the International Monetary Fund.
Taiwan’s legislative branch was never able to approve the application or review the evaluation reports and proposals.
At the center of these efforts is the new Asian Infrastructure Investment Bank and plans for pan-Asian infrastructure .
The China-proposed AIIB, has an expected initial subscribed capital of $50 billion.
Now that much of Europe has announced its intentions to join the China-led Asian Infrastructure Investment Bank (AIIB), was Washington’s initial opposition a mistake? Assuming the AIIB does get off the ground, what might it mean for future...
China plans a new bank to help match Asia’s vast savings with its even vaster need for infrastructure.
Xinhua described the U.S. as “petulant and cynical” for declining to join the Asian Infrastructure Investment Bank.
China's ambitious plan to expand trade links westward into Central Asia in the spirit of the ancient Silk Road is taking shape now that the government has decided to shift foreign currency into a special fund.
The State Council will tap the...
