Entries tagged "China"

  • Mahathir To Renegotiate Chinese Infrastructure Deals | Aug. 16, 2018, 9:25 a.m.

    Malaysian prime minister Mahathir Mohamad is heading to China to renegotiate billion-dollar infrastructure projects signed by his predecessor, in an effort to reduce the nation's financial dependence on China.

  • Vietnam Rethinks Chinese Assistance | Aug. 15, 2018, 9:57 a.m.

    Vietnam's Ministry of Investment and Planning issued a warning to its government about Chinese development assistance, citing concerns of high interest rates, project overruns, and a lack of local contribution to the projects.

  • China Adds $10B To Railway Spending | Aug. 14, 2018, 9:24 a.m.

    The Chinese government is set to expand infrastructure spending by nearly $10 billion to stimulate the economy amid the growing risk of a financial slowdown as its trade war with the U.S. escalates, according to the Nikkei Asian Review.

  • Widodo Curbs Infrastructure To Protect Currency | Aug. 13, 2018, 9:01 a.m.

    Indonesian president Joko Widodo is reportedly considering cutting back on his signature infrastructure projects to suppress imports of construction materials in order to protect the value of the rupiah, according to Nikkei Asian Review.

  • Pakistan Weighs Help from IMF or China | Aug. 9, 2018, 10 a.m.

    Pakistan's new prime minister Imran Khan is deciding whether the country should turn to the International Monetary Fund or to China for financial support. The new administration must resolve its shortage of foreign exchange reserves caused by a sharp increase in imports through BRI-related projects and the redemption of external debt.

  • $12B HK Rail Faces Trouble | Aug. 8, 2018, 9:12 a.m.

    Hong Kong's subway operator MTR has announced more construction issues affecting its Sha Tin-Central rail link, adding more problems to the troubled $12.3 billion project that includes sinking pillars, substandard work, and allegations of cover-ups.

  • Infrastructure Raises Asian Stocks | Aug. 7, 2018, 8:55 a.m.

    In anticipation of an infrastructure spending boost, stocks have climbed for Chinese infrastructure companies.

  • SEA Fund Boosts Self-Reliance | Aug. 6, 2018, 9:07 a.m.

    Thailand, Cambodia, Laos, Myanmar and Vietnam have announced the The Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Fund. The fund aims to help Southeast Asia become more financially self-reliant and reduce its dependence on external economic and political giants, particularly China.

    Read the full article [here](https://asia.nikkei.com/Opinion/Southeast-Asian-fund-can-complement-Chinese-investment-by

  • China, Japan To Cooperate on BRI | Aug. 3, 2018, 9:06 a.m.

    China and Japan agreed Thursday to encourage deeper economic cooperation in the private sector and to launch a public-private committee to advance joint infrastructure development in the region as part of Beijing's Belt and Road Initiative.

  • China To Expand Infrastructure Investment | Aug. 2, 2018, 9:24 a.m.

    The Chinese Communist Party's Politburo decided to implement a "proactive fiscal policy" and expand infrastructure investment with the goal of supporting economic growth as the effect of U.S. tariffs begin to kick in.

  • BRI Funding Exceeds U.S. Indo-Pacific Push | Aug. 1, 2018, 10:17 a.m.

    The U.S.'s recently announced plan to invest $113 million in infrastructure throughout the Indo-Pacific region will have a limited impact and pales in comparison to China's multi-billion dollar Belt and Road Initiative, according to Dr. James Crabtree of the National University of Singapore.

  • China's Ambitious Plan to Connect the World | July 30, 2018, 10:05 a.m.

    China's Belt and Road Initiative has expanded far beyond its original core of Eurasia and the Middle East, from New Zealand to the Arctic, Africa to Latin America and even outer space. While the BRI is not yet a challenge to the rules-based liberal order, it is a test of it.

  • EU Wary of China’s Infrastructure in Eastern Europe | July 30, 2018, 9:41 a.m.

    The EU became wary of China's infrastructure investment in Central and Eastern European countries. Hungary was forced by the EU to conduct a public tender for the Hungarian segment of the Belgrade-Budapest High-Speed Railway, which would delay the project completion until 2023.

  • China's Debt May Signal Economic Strain | July 27, 2018, 9:27 a.m.

    A Japanese government report indicates that high Chinese corporate debt due to infrastructure funding and other projects signals increased risk for an economic recession, according to the Nikkei Asian Review.

  • All Rise? Belt and Road Court is in Session | July 26, 2018, 3:08 p.m.

    The sheer scale and complexity of many infrastructure projects guarantee that disputes will arise. That’s why China is not only pushing projects overseas under its Belt and Road Initiative but increasingly, it is also writing new rules that advance its interests. The implications for the rules-based order—and U.S. interests—could be profound.

  • China's Port Presence Raises Concern | July 26, 2018, 8:41 a.m.

    Concerns are being raised that China's port infrastructure push may be setting up debt traps, by lending money with a hidden goal of controlling the ports and turning them into military bases, according to the Nikkei Asian Review.

  • View All Analysis | July 25, 2018, 3:07 p.m.

    Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.

  • A Chinese World Order | July 24, 2018, 11:38 a.m.

    China's latest "16+1" summit in Sofia Bulgaria perfectly captures China’s deceptive brand of multilateralism. Bringing together many countries, it gives the outward appearance of inclusivity and consensus-building, but beneath the surface, it is fundamentally different from the multilateral practices and institutions it claims to uphold. China has yet to offer the world deep multilateralism at scale.

  • China's BRI Stirs Up Anxieties | July 24, 2018, 9:42 a.m.

    Rather than being roundly welcomed, China's Belt and Road investment and finance decisions have become cause for concern for some receiving states, according to the Nikkei Asian Review..

  • Hyperloop Comes to China | July 23, 2018, 9:12 a.m.

    California-based Hyperloop Transportation Technologies will help build a 10-km hyperloop in Guizhou Province, which has been targeted for heavy transportation investment due to its strategic location on the land route of China's Belt and Road Initiative.

  • Debt Challenges China, Sri Lanka Relations | July 19, 2018, 9:48 a.m.

    China has become unresponsive over FTA talks with Sri Lanka for what some observers believe is linked to the new Sri Lankan administration’s reluctance at incurring any further infrastructure debt.

  • Cambodians Wary of Chinese Infrastructure Investment | July 18, 2018, 10:07 a.m.

    Cambodians remain wary of Chinese infrastructure investment due to China’s growing influence in the country.

  • China Brokers Myanmar Peace for BRI | July 13, 2018, 8:34 a.m.

    Beijing is helping to mediate peace talks between Myanmar's government and rebel factions, aiming to calm strife on the Chinese border to clear a path for Belt and Road infrastructure projects.

  • Malaysia Halves Cost of LRT3 | July 12, 2018, 9:25 a.m.

    Mahathir's new government intended to cut the cost of the Light Rail Transit 3 project by 47%, from 31.65 billion ringgit to 16.63 billion ringgit ($4.11 billion). This also sends a worrying message to stakeholders of other costly infrastructure projects signed by Najib's government, which was blamed for "poor governance."

  • China, Russia Compete over Central Asia | July 11, 2018, 10:19 a.m.

    China's "Ice Silk Road," which would create a shortcut between the Pacific Ocean and the Atlantic via the Arctic, could complicate relations with Russia as the two nations compete for influence in Central Asia, according to the Nikkei Asian Review.

  • Trade War May Hurt BRI | July 9, 2018, 9:09 a.m.

    According to an expert with the German Marshall Fund, a prolonged U.S.- China trade war will make it difficult for China to afford expensive foreign policy ventures, such as its Belt and Road Initiative.

  • Mahathir to Renegotiate BRI Deals | July 6, 2018, 9:12 a.m.

    Malaysian prime minister Mahathir Mohamad is expected to lead a government delegation to Beijing, as Malaysia figures out how to service loans taken from China to finance costly infrastructure projects.

  • Malaysia Suspends Major BRI Project | July 5, 2018, 9:48 a.m.

    Malaysia suspended work on the East Coast Railway Link, which was being constructed by a Chinese contractor for $20 billion. This may signal Mahathir administration's intent to cut national debt ahead of the potential renegotiation with China.

  • China's Growing Influence in the Balkans | July 5, 2018, 9:26 a.m.

    This Friday China will gather 16 Central and Eastern European countries in Sofia, Bulgaria, for the annual China-Central and Eastern European "16+1" summit. As the gathering may help China build a bigger economic and political presence in Europe and exercise its power bilaterally under the cover of a multilateral veneer, it warrants more attention from Brussels and Washington.

  • AIIB Continues to Grow | July 3, 2018, 9:04 a.m.

    Although operating on a smaller scale than the Asian Development Bank, the China-led Asian Infrastructure Investment Bank (AIIB) is steadily increasing its presence as a multilateral institution focused on infrastructure development financing. The AIIB set a lending and investment target of $3.5 billion for 2018, 40 percent more than last year.

  • China’s Balkan Investment Rattles the EU | July 2, 2018, 9:41 a.m.

    "China has lavished investment pledges on Balkan states as it prepares for a summit with 16 EU countries and aspiring members, stoking fears in Brussels and influential national capitals of an effort to divide the bloc" reports the Financial Times, citing data collected in collaboration with the CSIS Reconnecting Asia Project.

  • Mapping the China-Pakistan Economic Corridor’s Environmental Impacts | June 29, 2018, 9:46 a.m.

    Energy projects account for more than 60 percent of the roughly $62 billion in investment along the China-Pakistan Economic Corrdior. While CPEC's power plants have the potential to greatly increase access to electricity for Pakistan’s population, they could also pose serious risks to surrounding wildlife.

  • AIIB Reassures Members on Debt | June 27, 2018, 9:49 a.m.

    AIIB president Jin Liqun announced his intent to create financial stability for the bank's 87 member countries and establish the AIIB as a multilateral development bank commensurate with the World Bank Group, Asian Development Bank, and European Bank for Reconstruction and Development.

  • AIIB To Spend $3.5B | June 25, 2018, 8:34 a.m.

    China-led Asian Infrastructure Investment Bank announced that it will invest $3.5 billion this year to India, Bangladesh, Turkey and Egypt for projects aimed at strategically connecting Asia and Africa.

  • Mekong Nations Start Infrastructure Fund | June 18, 2018, 8:28 a.m.

    Five nations that share the Mekong River: Thailand, Cambodia, Laos, Myanmar, and Vietnam adopted a five-year master development plan during the 2018 ACMECS summit in Bangkok. The plan vowed to upgrade roads, power grids, and other pieces of infrastructure that connect and strengthen the region.

  • Chinese Infrastructure Spending Slows | June 15, 2018, 9:39 a.m.

    Growth in China's investment faltered last month as the government strengthened its crackdown on shady off-books financing, drying up funding for infrastructure. A clear drop in infrastructure spending led the decline with year-on-year improvement in this category falling three points in the past year.

  • AIIB, ADB Point to Cooperation | June 13, 2018, 9:52 a.m.

    Executives from the ADB and AIIB converged on The Future of Asia conference in Tokyo to discuss how their banks complement, rather than compete with one another.

  • Mongolia Affirms BRI | June 11, 2018, 9:06 a.m.

    As the Mongolian government works to build the Mongolia-Russia-China economic corridor, the country's former prime minister, Sukhbaatar Batbold, believes China's Belt and Road Initiative could help regional infrastructure, trade, and investment and accelerate economic growth.

  • Malaysia Reviews $2.36B Worth of China-funded Projects | June 7, 2018, 10:07 a.m.

    Malaysia's Ministry of Finance is reviewing two gas pipeline projects worth $2.36 billion signed under the Najib administration, following the discovery that 88 percent of the money has been paid out despite only 13 percent of the work being completed.

  • Malaysia Rethinks China Infrastructure Deals | June 6, 2018, 10:09 a.m.

    Malaysian Prime Minister Mahathir Mohamad will send his finance minister to Beijing to renegotiate several infrastructure contracts following the discovery of three Chinese-funded and built projects where payments were made based on agreed time milestones and not work completed.

  • Cambodia to Revitalize Rail Infrastructure Amid $4B Debt Concerns | June 5, 2018, 10:32 a.m.

    Cambodia is set to complete an ambitious rail project next week from Poipet to Phnom Penh, connecting the country from North to South for the first time in 45 years. However, substantial Chinese involvement in the project has raised concerns over high levels of debt owed to China, which some estimates place as high as $4 billion, or 20 percent of Cambodia's GDP.

  • $13.8B East Coast Rail Stays Funded | June 4, 2018, 9:35 a.m.

    Despite the recent cancellation of the Kuala Lumpur-Singapore high-speed rail line, the Chinese-funded East Coast Rail Link connecting Malaysia's biggest port to the Thailand border will maintain its funding amid government cutbacks, according to Malaysia’s Finance Minister.

  • Malaysia Rethinks Costly Infrastructure Projects | June 1, 2018, 10:28 a.m.

    Malaysia's decision to cancel the high-speed rail from Kuala Lumpur to Singapore suggests that Prime Minister Mahathir Mohamad's new government may reevaluate other costly Chinese-led projects to cut the country's debt, Nikkei reports.

  • The Belt and Road’s Biggest Impact | May 29, 2018, 9:30 a.m.

    Even if Belt and Road investment declines in the future, whether for political or economic reasons, the influence of Chinese constructors and planners on regional markets will continue to be apparent, from the alignment of high-speed railways in Indonesia to the design of residential and commercial developments in city centers.

  • Malaysian PM Reconsiders Infrastructure Plans | May 23, 2018, 9:45 a.m.

    Prime Minister Mahathir Mohamad stated that his government may scrap or renegotiate some infrastructure projects committed to by Najib's administration. The possible move stems from his goal to cut down debt and reduce Malaysia's fiscal burden.

  • China Curbs Infrastructure Spending | May 21, 2018, 9:36 a.m.

    To control soaring local debt, China is slowing down its domestic infrastructure spending which grew at a more moderate pace of 12.4 during the January – April period compared to 20 percent in previous years.

  • BRI Opens to Foreign Investment | May 18, 2018, 10:17 a.m.

    China's Belt and Road Initiative has begun attracting international investors and financial institutions through the issuance of BRI-branded corporate bonds and other BRI-related products.

  • The Clouds Gathering around China's Belt and Road | May 16, 2018, 9:25 a.m.

    China's President Xi Jinping promised that his Belt and Road Initiative would be a "plan in the sunshine." But the BRI's outlook is darkening as some actual and potential partners raise concerns about transparency, debt sustainability, and even China's underlying strategic aims.

  • China's BRI Extends into Finance | May 15, 2018, 10:10 a.m.

    The Shanghai and Shenzhen exchanges bought 450 million shares of Bangladesh's main exchange, beating India's bid. The exchanges allow Chinese investors to access funds for overseas infrastructure projects and strengthen financial cooperation for the BRI, a goal stated by both exchanges.

  • New Malaysian PM Rethinks Infrastructure | May 14, 2018, 10:11 a.m.

    After winning the elections last week, Malaysia's new Prime Minister, Mahathir Mohamad, is expected to re-evaluate the country's relations with China, including the issue of Chinese-backed infrastructure projects.