The Japan Bank for International Cooperation is backing Sri Lanka's first issuance of bonds in the Japanese market amid concerns about rising debt levels in the South Asian country.
Historically, Kazakhstan's economic potential has been constrained by geographic extremes and uneven development. To address these challenges, the government has emphasized investment in transportation networks and urban economic centers, achieving steady growth and reducing inequality as a result, yet some risks remain.
French president Emmanuel Macron will meet with Chinese president Xi Jinping in Shanghai ahead of the China International Import Expo. His visit follows the announcement of a new EU investment screening framework designed to shield European technology and infrastructure from growing Chinese influence.
U.S. Exim Bank and Japan's state-backed Nippon Export and Investment Insurance have signed a deal enabling them to jointly mitigate export risks faced by Japanese-led energy and other infrastructure projects that have U.S. participation, Nikkei reports.
Questions of economic development, military power projection, political influence, and global economic suzerainty form the backdrop of an emerging global competition in Asia—the most economically dynamic region of the world—with infrastructure development at its center. Amid the rise of competing infrastructure development initiatives, Peter Raymond identifies areas for cooperation between China and the West.
This new report by the Rhodium Group and Mercator Institute for China Studies takes stock of Europe’s toolkit for responding to market distortions spilling over from growing Chinese investment and other commercial linkages with Europe.
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.
Pakistan's Prime Minister, Imran Khan, is due to speak at a high profile China-Pakistan business forum on Tuesday where he is expected to reaffirm his country's openness to Chinese investment. His two-day visit to Beijing comes amid uncertainty over the future of projects under the $62 billion China-Pakistan Economic Corridor, Nikkei reports.
Taiwan's pitch to build Asian government infrastructure has led to a rise in contracts from four in 2015 to 20 last year, including on metros and roads in Indonesia, Malaysia, Singapore, the Philippines and Vietnam, Nikkei reports
Canada Pension Plan Investment Board (CPPIB) has purchased a 45 percent stake in the 117 kilometer-long Cikopo-Plimanan Toll Road project, highlighting CPPIB's commitment to the Asia-Pacific region, Nikkei reports.
Chinese contractors earned over $118 billion in overseas construction sales last year, nearly a quarter of the year's international construction revenue. This is largely related to Chinese construction companies involvement in the Belt and Road Initiative, Nikkei reports.
China looks to increase infrastructure investment to underpin its slowing economy by issuing infrastructure bonds initially slated for 2020 ahead of schedule, Nikkei reports.
China has encouraged local governments to raise more funding from the bond market than planned in 2019 to keep them investing in infrastructure, despite an uncertain economic outlook, Nikkei reports.
China's Belt and Road Initiative presents potential opportunities for India to upgrade its roads, rail networks, and ports through bridging its saving-infrastructure gap, Nikkei reports.
Djibouti Ports and Free Zones Authority is hoping to diversify its sources of funding away from China as it seeks $11 billion in investment for infrastructure upgrades and new facilities, says the company's Chairman.
Philippine president Rodrigo Duterte and Chinese president Xi Jinping plan to sign deals for infrastructure and funding support from China's Belt and Road Initiative during Duterte's visit to Beijing this week, Nikkei reports.
Vietnam's demand for energy has grown at 13 percent per year since 2000. Traditionally, Vietnam has satisfied this demand with electricity generated by coal and hydropower. Moving forward, Vietnam is seeking to attract investment in renewable energy infrastructure, such as wind and solar, Nikkei reports.
India needs an estimated $700 billion to repair and upgrade its basic infrastructure by 2022 to sustain economic development, Nikkei reports.
Germany lowered its national maximum foreign investment threshold from 25 to 10 percent in December, in part due to rising concerns over growing Chinese investment in digital and other infrastructure across Europe.
As Russia and China sign economic agreements and deepen their ties, they will also have to work through friction caused by China’s economic advancement under the Belt and Road in Central Asia, Nikkei reports.
Foreign investment, led by China, in transportation and telecommunications quadrupled to $1 billion in the last six months as Myanmar approved a number of infrastructure projects, Nikkei reports.
On June 28-29, government leaders representing 85 percent of the global economy convened for the fourteenth G20 Summit in Osaka, Japan. In the wake of the meeting, the CSIS Simon Chair in Political Economy hosted experts including Japan's ambassador to the G20, Koji Tomita, to discuss major outcomes, including China's endorsement of the G20 Principles for Quality Infrastructure Investment.
The Asian Infrastructure Investment Bank (AIIB) is courting private sector investors to jointly fund infrastructure projects, Nikkei reports.
BRI 2.0 represents an opportunity for Southeast Asia to enter the next phase of growth. China's commitment to transparency could usher a new era of partnerships that benefit multiple parties, writes David Liao for Nikkei Asian Review.
China Telecom's future operations in the Philippines will be closely monitored by a government-operated cybersecurity platform, as the Chinese-led consortium prepares to launch third mobile carrier next year, reports the Nikkei Asian Review.
Pakistan will slash spending on BRI projects in the next year as the government struggles to balance its finances. These budget cuts arrive amid growing recognition from Beijing of the complications involved with Pakistan and other nations incurring heavy debt to finance BRI projects, reports Nikkei.
Newly seated World Bank President David Malpass says the multilateral organization is working hard to ensure Beijing improves transparency in lending to countries involved in its Belt and Road Initiative, Nikkei reports.
Forming the backbone of China’s “Maritime Silk Road,” investments in African ports provide a gateway to the region’s trade and economic development, empower China with political leverage and clout on the continent, and provide a foothold for People’s Liberation Army Navy activities.
At this week's Group of 20 meeting in Japan, finance ministers and central bankers are expected to sign sustainable infrastructure investment guidelines to help prevent developing economies from taking on dangerous amounts of debt, reports the Nikkei Asian Review.
Cambodia and other nations across Southeast Asia are emerging as vital staging grounds for a new form of power struggle between China and its rivals. The growth of Beijing's vast Belt and Road Initiative since 2013 has galvanized the U.S. and its allies -- including Japan, India and Australia -- and prompted them to draw up infrastructure and security programs of their own, writes Gwen Robinson for the Nikkei Asian Review
As this year's host of the Group of 20 countries, Tokyo is taking the opportunity to push a novel idea: quality infrastructure investment, or QII, reports the Nikkei Asian Review.
ASEAN members plus China, Japan and South Korea agreed to create a framework insuring private funding for infrastructure projects of up to $1.5 billion under a new program to be called the Infrastructure Investors Partnership, reports Nikkei.
China’s hostile economic practices, military expansion, and coercive political and ideological tactics in Africa should not be ignored. However, establishing a clear distinction between detrimental and essential BRI engagement is crucial to fostering development, building common ground with China, and expanding the global market.
China announced on Saturday that two more non-Asian nations, Switzerland and Peru, have signed on to its Belt and Road Initiative. As Asian Belt and Road participants view with initiative with increasing skepticism, China is looking elsewhere for supportive partners, reports Nikkei.
The Solomon Islands may elect a pro-China prime minister as its seeks infrastructure investments from China. The South Pacific nation does not want to be left behind as neighbors Papua New Guinea and Vanuatu benefit from their participation in the Belt and Road Initiative, reports Nikkei.
Abu Dhabi's sovereign wealth fund, Mubadala Investment Co., is looking to invest in Asian technology and infrastructure, Nikkei reports.
China Communications Construction Co. executives on Wednesday reiterated the infrastructure company has not given up on the multibillion-dollar East Coast Rail Link in Malaysia, on which development work has been suspended for months amid doubts over the project's financial viability, reports Nikkei.
China and the U.S. are better prepared for the 5G mobile era than any other country, even though South Korea is about to become the first to launch the super fast communications services this week, reports the Nikkei Asian Review.
China Communications Construction has signed an agreement to operate the northern Italian port of Trieste. Combined with Piraeus in Greece, Sines in Portugal and Valencia in Spain it could form a new Chinese-controlled logistics network capable of redesigning Europe's industrial chains, reports Nikkei.
Pakistan has diverted around $171.6 million meant for joint infrastructure development projects under the China-Pakistan Economic Corridor, a flagship effort under China's Belt and Road Initiative (BRI), into other construction plans. This signals that Islamabad may be distancing itself from Beijing and the BRI, reports the Nikkei Asian Review.
To effectively leverage the infrastructure financing opportunities provided by the Belt & Road Initiative, countries must examine their own development strategies and build domestic skills and institutions, argues Ganeshan Wignaraja for the Nikkei Asian Review.
Myanmar's Aung San Suu Kyi, the de facto leader, convened a forum for foreign businesses in the impoverished Rakhine State, urging attendees to invest in infrastructure throughout the country's rural areas. With national elections in 2020, Suu Kyi has been touring outlying regions in Myanmar promising development initiatives to shore up support for her ruling party, reports Nikkei.
Saudi Arabia's Crown Prince, Mohammed bin Salman, promised to invest up to $100 billion in India's economy in the coming years, including in areas such as infrastructure, energy, and refining. The Crown Prince's visit to New Delhi follows a stop in neighboring Pakistan, where he signed $20 billion worth of investments in the country's flagging economy. The Crown Prince's next stop? Beijing.
Saudi Arabia plans to build Pakistan's largest oil refinery near Gwadar port, the flagship project of the China-Pakistan Economic Corridor (CPEC). The oil refinery, part of Saudi Arabia's new commitment to invest $15 billion in Pakistan over the next three years, could fuel competition with Beijing for economic leverage given China's significant investment there under CPEC, reports the Nikkei Asian Review.
India's largest engineering and construction company reported a better-than-expected 37% jump in third-quarter net profit, helped by a pickup in revenue growth after India's federal budget increased the spending allocation toward infrastructure.
With an eye toward illuminating current issues, this report draws from examples throughout history of how states use foreign infrastructure to advance strategic objectives. It shows how China is updating and exercising tactics used by Western powers during the nineteenth and twentieth centuries, and how these issues, and the strategic implications they carry, are likely to intensify in the coming years.
Chinese investment in railways is expected to rise by about 6 percent year-over-year to $125 billion in 2019, part of a stimulus plan to shore up China’s lagging economy. China Railway, which manages the country’s rail-sector, expects to build 6,800km in new rail tracks this year, a 45 percent increase in construction over 2018.
In his first international trip of the year, Australian prime minister Scott Morrison visited Vanuatu to pledge high-quality infrastructure investments and economic development just weeks after China signed a deal to forgive $2.87 million of the country's debt and provide fresh financing for road upgrades.