Entries tagged "News"

  • UK Allows Huawei | Jan. 28, 2020, 9:18 a.m.

    The UK has announced that it will allow the limited use of Huawei equipment in its 5G network despite pressure from the U.S. to exclude the Chinese tech company due to security concerns, Nikkei reports.

  • UK Nears Decision on Huawei | Jan. 27, 2020, 9:21 a.m.

    The U.K. government is expected to announce this week whether it will ban Chinese telecom equipment maker Huawei from its 5G infrastructure, a decision that could sway other U.S. allies weighing the same question, Nikkei reports.

  • Thailand: China's Investment Rises 5-Fold | Jan. 24, 2020, 9:39 a.m.

    Chinese companies are constructing new factories in Southeast Asia in an effort to avoid U.S. tariffs, with Chinese direct investment in Thailand increasing fivefold in 2019.

  • Afghanistan Uses CPEC Port | Jan. 23, 2020, 9:22 a.m.

    Afghanistan recently began shipping goods through Pakistan's Gwadar Port, part of the China-Pakistan Economic Corridor, in a development experts believe may increase Kabul's participation in China's Belt and Road Initiative, Nikkei reports.

  • Huawei Fears U.S. Ban | Jan. 22, 2020, 9:33 a.m.

    Considering the risk of a potential U.S. ban over security concerns, Huawei is prioritizing inventory for its most strategic 4G and 5G routers, switches and base stations and stockpiling on supplies, Nikkei reports.

  • China to Build Myanmar Port | Jan. 21, 2020, 9:35 a.m.

    China and Myanmar signed 33 agreements during President Xi's visit to the Southeast Asian country, including a deal for the construction of a deep-sea port at Kyaukphyu Special Economic Zone, which will give China access to the Indian Ocean, Nikkei reports.

  • Xi Visits Myanmar | Jan. 17, 2020, 9:24 a.m.

    Chinese president Xi Jinping's visit to Myanmar is expected to coincide with the announcement of the Belt and Road projects there, despite waning popularity of the initiative due to mounting debt levels, Nikkei reports.

  • ASEAN Experts Skeptical of BRI | Jan. 16, 2020, 9:24 a.m.

    In a recent survey by the ISEAS-Yusof Institute, 79 percent of ASEAN experts surveyed think that China is the most influential economic power in the region, but the majority are not confident in the Belt and Road Initiative, Nikkei reports.

  • India Considers Russia Trade Pact | Jan. 15, 2020, 9:19 a.m.

    Russia is courting India to join the Eurasian Economic Union (EAEU), a move that would boost bilateral economic ties and enhance the trade bloc's international status, Nikkei reports.

  • Pakistan Pursues CPEC Stability | Jan. 14, 2020, 1:13 p.m.

    In the wake of rising regional tensions due to conflict with Iran, Pakistan is working to maintain stability and advance progress on the China-Pakistan Economic Corridor, Nikkei reports.

  • AirAsia Group and Google to Open Tech-Training Facility | Jan. 14, 2020, 9:28 a.m.

    Malaysia's AirAsia Group says it will co-found a tech training facility with California-based Google, as it pushes to become a technology-led company, Nikkei writes.

  • Indonesia Courts Japan Investment | Jan. 10, 2020, 9:29 a.m.

    Indonesia is seeking further Japanese investment in the Natuna Islands following tensions with Beijing over a standoff between Chinese and Indonesian vessels in neighboring waters, Nikkei reports.

  • Chinese Tech Companies Enter SE Asia | Jan. 9, 2020, 9:26 a.m.

    Chinese fintech companies with established expertise in digital payments are hoping to escape stiff competition at home by expanding into Southeast Asia, where the digital economy is expected to triple in size over the next five years, Nikkei reports.

  • CPEC Moves to Phase II | Jan. 8, 2020, 9:29 a.m.

    Pakistan’s Minister for Economic Affairs says that phase two of the China Pakistan Economic Corridor, which began January 1, will address the trade deficit caused by phase one with an expanded free trade agreement and an increased focus on industrialization and socio-economic development, Nikkei reports.

  • View All Analysis | Jan. 7, 2020, 4:29 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.

  • India Budgets $1.4T for Infrastructure | Jan. 7, 2020, 10:37 a.m.

    India recently announced plans to invest $1.4 trillion in infrastructure over the next five years as part of a fiscal stimulus package designed to counteract slowing economic growth, Nikkei reports.

  • China's BRI Faces Challenges in 2020 | Jan. 3, 2020, 9:23 a.m.

    Alternative infrastructure investment initiatives led by Japan, India, and Australia indicate that China’s Belt and Road Initiative is likely to face increased pressure in 2020, Nikkei reports.

  • China's Beidou Satellites to Aid 5G | Jan. 2, 2020, 9:20 a.m.

    China recently announced plans to complete its Beidou satellite-based positioning system by June. The navigational system is key to the development of 5G technology and already provides services to about 120 countries, many of which are part of Beijing's Belt and Road Initiative, Nikkei reports.

  • Laos Banks on China-backed SEZs | Dec. 23, 2019, 9:44 a.m.

    Laos has approved 14 Special Economic Zones (SEZs) backed by Bejing as part of China's Belt and Road Initiative in a bid to boost the economy, however, many observers are concerned about the country's mounting debt to China, Nikkei reports.

  • Chinese Construction Alarms Philippine Navy | Dec. 20, 2019, 9:15 a.m.

    Philippine Navy officials are trying to block Chinese involvement in the construction of a strategically located airport after a consortium led by the state-owned China Communications Construction Company was the sole bidder for the project, Nikkei reports.

  • Uzbekistan, Japan Plan $6B Joint Projects | Dec. 19, 2019, 9:49 a.m.

    President of Uzbekistan Shavkat Mirziyoyev is looking to carry out projects with Japan worth over $6 billion to establish closer bilateral relations in areas such as power generation and agriculture, Nikkei reports.

  • China Heads Malaysia Development | Dec. 17, 2019, 10:52 a.m.

    Malaysia has reinstated a consortium led by state-owned China Railway Engineering Corporation as the master developer of the Bandar Malaysia project, with the adjusted agreement requiring a larger deposit and a shorter payment term. The mixed development is expected to attract major multinationals, including Alibaba and Huawei, Nikkei reports.

  • China Exports AI Surveillance Tech | Dec. 16, 2019, 9:22 a.m.

    China has exported AI technology to over 60 countries, some of which have concerning human rights records, raising concerns among some countries that China may be "exporting authoritarianism," Nikkei reports.

  • Malaysia Seeks China, Japan 5G Expertise | Dec. 13, 2019, 9:20 a.m.

    In order to accomplish a nationwide 5G rollout by the first half of 2020, Malaysia is looking to Chinese and Japanese telecommunications companies to supply the needed technology and expertise. Proposals are currently dominated by Huawei, and Malaysian officials have affirmed the country's willingness to work with the controversial Chinese firm, Nikkei reports.

  • China Constructs Sri Lankan Island | Dec. 12, 2019, 9:29 a.m.

    China has completed a new island off the coast of Colombo, a $1.4 billion project funded entirely by Chinese investment. Sri Lanka is set to vote on legislation that, if passed, would make the island a special economic zone in an attempt to attract more foreign investment, Nikkei reports.

  • Japan Top Investor in SE Asia | Dec. 11, 2019, 9:29 a.m.

    According to Fitch Solutions, Tokyo-backed projects in Southeast Asia have topped $367 billion, outspending China and making Japan the top provider of infrastructure and development aid in the region, Nikkei reports.

  • China Wins $1B Philippines Project | Dec. 10, 2019, 9:18 a.m.

    China Harbor Engineering, a subsidiary of China Communications Construction Co. with controversial links to China's island-building in the South China Sea and a highway bribery scandal in Bangladesh, has won a $1 billion contract for a 360-hectares land reclamation project in Manila, Nikkei reports.

  • China Curbs Foreign Tech Use | Dec. 9, 2019, 9:38 a.m.

    The Chinese Communist Party’s Central Office has ordered all government offices and public institutions to remove foreign computer equipment and software within three years. The move is part of the government's broader campaign to increase reliance on domestic technology, Nikkei reports.

  • Huawei Faces Push Back in Germany | Dec. 6, 2019, 9:34 a.m.

    Amid rising concern about Chinese technology companies, German legislators are challenging a government proposal that would allow the use of Huawei equipment in the country's 5G network, Nikkei reports.

  • U.S., Australia Bid on Subic Bay Shipyard | Dec. 5, 2019, 9:36 a.m.

    A U.S. firm and Australian shipbuilder have bid on the Philippines' largest shipyard in Subic Bay near the South China Sea, a project which has also attracted Chinese interest, Nikkei reports. The shipyard is located in an area that once hosted the largest overseas U.S. defense facility.

  • Indonesia Talks Fund with Japan, U.S. | Dec. 4, 2019, 10:06 a.m.

    Indonesia is in talks with Japan and the U.S. to establish a sovereign wealth fund for infrastructure and other development projects. The fund will help cover the estimated $33 billion needed to develop the country's new capital in East Kalimantan, Nikkei reports.

  • China-Built Roads Spark Nepal Protests | Dec. 3, 2019, 9:38 a.m.

    Beijing has signed 20 new agreements with Nepal for infrastructure development under its Belt and Road Initiative, but the recent leak of a document suggesting that road expansion could result in the loss of hundreds of acres of land along Nepal's border with China has sparked protests, Nikkei reports.

  • Jakarta Opens First Light Rail | Dec. 2, 2019, 9:26 a.m.

    In an effort to reduce traffic congestion, Jakarta recently opened service on the Indonesian capital's first light rail transit line, a key project in Indonesian President Joko Widodo's infrastructure modernization plans, which also include an intercity metro and China-funded high-speed railway between Jakarta and Bandung, Nikkei reports.

  • Asia Pacific Avoids China Debt | Nov. 27, 2019, 9:31 a.m.

    Debt sustainability risks are rising in the Asia Pacific region according to the International Monetary Fund, however, Chinese loans are not yet playing a significant role despite concerns sparked in Australia and the U.S. after China offered aid to the Solomon Islands following the switch of diplomatic ties from Taipei to Beijing, Nikkei reports.

  • India Concerned about CPEC | Nov. 26, 2019, 10:43 a.m.

    The China-Pakistan Economic Corridor is of significant concern to India, which views the corridor as a violation of its sovereignty, according to India’s Minister of External Affairs Subrahmanyam Jaishankar. However, in an interview with Nikkei, Jaishankar did not criticize the broader Belt and Road Initiative, stating that each country has the right to its own policies.

  • Pakistan Seeks Iran, Saudi Involvement in CPEC | Nov. 25, 2019, 9:28 a.m.

    In in effort to make the costly China-Pakistan Economic Corridor profitable, Islamabad is encouraging nearby countries like Iran and Saudi Arabia to participate in the initiative alongside China, Nikkei reports.

  • India Woos Sri Lanka Post-Election | Nov. 22, 2019, 9:26 a.m.

    New Delhi has reached out to Sri Lanka's newly-elected president in an attempt to improve diplomatic ties. The move comes at a time when Sri Lanka is experiencing increased Chinese investment under Beijing's Belt and Road Initiative, Nikkei reports.

  • Huawei Shifts to Japanese Suppliers | Nov. 21, 2019, 11:56 a.m.

    As the U.S. ban on sales to Huawei forces the company to turn to other suppliers, Huawei is increasingly looking to Japan for procurement and R&D collaboration, Nikkei reports.

  • Huawei Named for New Zealand 5G | Nov. 20, 2019, 9:49 a.m.

    Spark, New Zealand's second-largest mobile carrier, has named Huawei as one of its preferred 5G vendors and intends to procure equipment from the Chinese company; however, New Zealand's government may still refuse to grant approval due to security concerns and U.S. pressure, Nikkei reports.

  • Industrial Parks Boom in SE Asia | Nov. 19, 2019, 11:46 a.m.

    As the U.S.-China trade war drives Chinese enterprises and other companies to relocate, Southeast Asian countries are constructing industrial parks and using tax incentives to attract manufacturers. As a result, Chinese corporate investment in Thailand is expected to increase by 30 percent this year, and foreign direct investment in Malaysia roughly doubled, Nikkei reports.

  • Huawei Offers Thailand Tech Center | Nov. 18, 2019, 9:25 a.m.

    Huawei Technologies is lobbying to build Thailand's 5G network in order to strengthen its foothold in Southeast Asia. Thailand's economy is the second-largest in the region and important to Huawei, in order to secure a deal they have ramped up the offer to include building a tech training center in Bangkok, Nikkei reports.

  • Philippines Shelves Chinese Projects | Nov. 15, 2019, 9:42 a.m.

    Philippines' President Duterte has shelved a number of megaprojects, including two Chinese-financed deals, under his "Build, Build, Build" program due to feasibility concerns. Instead, the government hopes to pursue public-private-partnerships to fund Duterte's multi-billion-dollar infrastructure program.

  • Xi Visits BRI Port in Greece | Nov. 14, 2019, 10:59 a.m.

    Chinese president Xi Jinping's visited Greece's Port of Piraeus on Monday, where the port's operator, Chinese state-owned shipping company COSCO, is set to invest another $661 million. Xi's trip underscored China's intent to continue expanding its footprint in Europe through its Belt and Road Initiative despite skepticism, Nikkei reports.

  • Japan Backs Sri Lanka Amid Debt Fears | Nov. 13, 2019, 11:03 a.m.

    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.

  • China Lends Belarus $500 Million | Nov. 12, 2019, 9:17 a.m.

    Belarus recently secured a $500 million loan from the China Development Bank and stopped negotiations on a possible loan from Russia. The agreement followed a series of investments under China's Belt and Road Initiative, including funds for Belarusian railways and the Great Stone Industrial Park, raising speculation that the Eastern European country is seeking to deepen ties with China and reduce its dependency on Moscow.

  • U.S. Launches Blue Dot Network | Nov. 7, 2019, 11:20 a.m.

    U.S. officials announced the launch of the "Blue Dot Network" at the Indo-Pacific Business Forum in collaboration with Japan and Australia. The network will help the U.S. counter China's Belt and Road Initiative by advancing quality infrastructure investment.

  • Sri Lanka Opens India-Funded Airport | Nov. 6, 2019, 9:20 a.m.

    Sri Lanka's Jaffna International Airport, which opened in October, received about $1.7 million in funding from India's Government, signaling that Sri Lanka's current administration is looking to countries other than China for infrastructure development assistance, Nikkei reports.

  • Macron Visits Xi in Shanghai | Nov. 5, 2019, 10:48 a.m.

    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.

  • Japan, U.S. Heighten Infrastructure Cooperation | Nov. 4, 2019, 10:18 a.m.

    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.

  • China Debuts 5G | Oct. 31, 2019, 5:23 p.m.

    China rolled out commercial 5G services today, which are anticipated to add $2.4 billion and almost 20 million jobs to China's economy over the next ten years, Nikkei reports.