Entries tagged "News"

  • India Seeks $4B PPP for National Rails | Sept. 28, 2020, 9:52 a.m.

    India is considering partial privatization of it's aging, 68,000-km national railway system through public-private partnerships (PPPs) that would draw an estimated $4B in total investment, Nikkei reports.

  • Justice Department Requests WeChat Ban | Sept. 25, 2020, 9:19 a.m.

    The U.S. Department of Justice has requested permission from a federal judge to ban the popular Chinese messaging app WeChat due to national security concerns, Nikkei reports.

  • Huawei Retains Suppliers Amid Crackdown | Sept. 24, 2020, 9:16 a.m.

    U.S. firms Intel and AMD have acquired licenses from the Department of Commerce to continue supplying Huawei amid Washington's crackdowns targeting the Chinese technology company, Nikkei reports.

  • U.S. Balances China in Bangladesh | Sept. 22, 2020, 9:05 a.m.

    The U.S. has accelerated efforts to sell U.S. military equipment to Bangladesh in a perceived attempt to balance against China's growing economic influence and infrastructure investment in the South Asian country, Nikkei reports.

  • China Announces "Unreliable Entities" List | Sept. 21, 2020, 8:08 a.m.

    China's Ministry of Commerce has issued rules on its proposed list of "unreliable entities" targeting U.S. and other foreign firms and individuals it deems a threat to China's sovereignty and security in response to U.S. bans on Huawei and other Chinese technology companies, Nikkei reports.

  • AIIB Crisis Funds Spike Amid Covid-19 | Sept. 18, 2020, 9:16 a.m.

    The China-led Asian Infrastructure Investment Bank (AIIB) has seen its net profits decline and crisis-related expenditures spike in light of emergency funding intended to help members meet financial needs under the pandemic, Nikkei reports.

  • U.S. Ban on Huawei in Effect | Sept. 16, 2020, 12:22 p.m.

    U.S. restrictions on sharing technology with Huawei have officially come into effect. As of Monday, September 14, Huawei suppliers that utilize U.S. technology have to obtain a license from the U.S. to continue selling to the China-based company, Nikkei reports.

  • Chinese SOE Wins Manila Metro | Sept. 11, 2020, 8:07 a.m.

    A state-owned Chinese construction company has been awarded a contract for the Manila metro in spite of U.S. efforts to sanction Chinese SOEs for construction in the South China Sea, Nikkei reports.

  • Huawei Ban Could Cost $26B | Sept. 10, 2020, 8:17 a.m.

    The U.S. ban on supplying Huawei could take a $26 billion yearly toll on tech manufacturers in Japan, Taiwan, and South Korea, Nikkei reports.

  • Pakistan: Taliban Threatens CPEC | Sept. 9, 2020, 8:26 a.m.

    Pakistan's leading Taliban group has announced the reunification of several breakaway factions which experts believe could pose risks to Chinese-funded projects along the China-Pakistan Economic Corridor, including the Karakoram Highway Phase II, the Suki Kinari Hydropower Station, and the Havelian Dry Port, Nikkei reports.

  • Cambodia Announces Internet Firewall | Sept. 3, 2020, 8:17 a.m.

    Cambodia has announced plans to instate a China-style internet gateway which activists fear could allow the government to block critical content, Nikkei reports.

  • Pakistanis Protest Chinese Fishing | Sept. 1, 2020, 8:19 a.m.

    Fishermen at Pakistan's Gwadar Port, part of the China-Pakistan Economic Corridor, are protesting an incoming fleet of 20 Chinese deep-sea trawlers off Sindh and Baluchistan provinces which they fear could further deplete Pakistan's dwindling marine resources, Nikkei reports.

  • China Port Acquisition Stalled | Aug. 31, 2020, 9:04 a.m.

    Acquisition of a French shipping portfolio by China Merchants Port Holdings, a Chinese state-owned enterprise known for its controversial acquisition of Sri Lanka's Hambantota port, has been stalled by the Indian and Vietnamese governments in a bid to protect ports in Gujarat and Ho Chi Minh City.

  • U.S. Sanctions BRI Construction SOE | Aug. 28, 2020, 9:14 a.m.

    The U.S. has blacklisted one of the Belt and Road Initiative's largest construction companies, the Chinese state-owned enterprise China Communications Construction Co. (CCCC), and its subsidiaries for its role in building artificial islands in the contested waters of the South China Sea, Nikkei reports.

  • Taiwan Joins U.S. 5G "Clean Network" | Aug. 26, 2020, 8:18 a.m.

    Taiwan has issued a joint declaration with the U.S. announcing its participation in the "Clean Network" initiative to block Chinese technology companies like Huawei from supplying its 5G networks, Nikkei reports.

  • China Pushes CPEC via Afghanistan | Aug. 25, 2020, 8:18 a.m.

    Pakistan has reopened two closed border crossings and opened three new ones with Afghanistan at China's urging in a move that experts believe is intended to extend the China-Pakistan Economic Corridor (CPEC) into Afghanistan, Nikkei reports.

  • Thailand Banks $1.4B for 5G | Aug. 24, 2020, 9:02 a.m.

    Thailand's largest mobile operator has set aside $1.4 billion for 5G infrastructure in the country's Eastern Economic Corridor, a signature government initiative expected to diversify and drive the nation's economy in the years ahead.

  • Huawei, ZTE Slow China 5G Rollouts | Aug. 21, 2020, 9:03 a.m.

    Major Chinese telecom companies including Huawei and ZTE have slowed their rollout of 5G base stations in China as U.S. regulations force Chinese telecom companies out of the U.S. supply chains.

  • Greece Courts Chinese Investment | Aug. 18, 2020, 9:20 a.m.

    Amid economic contraction, Greece’s government has increasingly turned to China for investment in power transmission, an underwater link, and the seaport of Piraeus, Nikkei reports.

  • Huawei Dominates Africa 4G | Aug. 17, 2020, 9:01 a.m.

    70 percent of 4G stations in Africa are made by Chinese technology company Huawei, creating barriers to a pivot away from the telecom provider for 5G networks despite U.S. security concerns, Nikkei reports.

  • China Expands High-Speed Rail | Aug. 14, 2020, 8:17 a.m.

    China State Railway Group announced on Thursday its plans to double the length of the nation's high-speed rail network to 70,000 km by 2035 at a cost of 4.55 trillion yuan ($42.6 billion), Nikkei reports.

  • Turkish Sovereign Wealth Fund Courts BRI | Aug. 13, 2020, 9:09 a.m.

    Turkey's Sovereign Wealth Fund is looking to China for investment in a number of major infrastructure projects and to tie Turkey into China's Belt and Road Initiative much more deeply, Nikkei reports.

  • Chinese Investment Threatens Bangladesh-India Relations | Aug. 12, 2020, 9:05 a.m.

    Bangladesh has described their relationship with China and the Belt & Road Initiative as solely "economic diplomacy," but China's expanding trade and investment in the country also threatens to undermine Indian influence, Nikkei reports.

  • Pakistan-Saudi Arabia Relations Struggle Over Kashmir | Aug. 10, 2020, 8:05 a.m.

    Pakistan, with the help of a Chinese loan, repaid a $1 billion Saudi loan last week and asked for their support on the Kashmir issue, although Saudi Arabia is reluctant to become entangled in the efforts of Pakistan and China to contain India, Nikkei reports.

  • Philippines: China Telco Delayed | Aug. 7, 2020, 9:10 a.m.

    Dito, the China Telecom-supported and Huawei-supplied company poised to break up the Philippines telecom duopoly, has had their operation date delayed to January 2021 by the Covid-19 pandemic, as only a quarter of its planned towers have been built, Nikkei reports.

  • Malaysia, Singapore Resume Rail | July 31, 2020, 9:05 a.m.

    Malaysia and Singapore have agreed to commence construction of a light-rail connection in early 2021, reviving a project that was delayed by Mahathir Mohamad's former government over cost concerns, Nikkei reports.

  • Phillipines to Launch Huawei 5G | July 29, 2020, 9:07 a.m.

    PLDT, the Philippines' largest telecom company, will launch its 5G mobile service on Thursday using equipment partly supplied by China's Huawei Technologies, Nikkei reports.

  • Xi Plugs AIIB as Cooperation Model | July 28, 2020, 9:13 a.m.

    Chinese president Xi Jinping proposed on Tuesday to restructure the Beijing-led Asian Infrastructure Investment Bank (AIIB) into an inclusive platform for the promotion of international cooperation and multilateralism amid the coronavirus pandemic, Nikkei reports.

  • Huawei Urges Carriers to Stick With 5G Plans | July 27, 2020, 9:09 a.m.

    China's Huawei Technologies on Monday urged global carriers to continue buying its networking gear to "stay ahead in the 5G race," in response to political pressure from the U.S., UK, France, and Singapore to drop the carrier due to national security concerns, Nikkei reports.

  • AIIB Loans $100M to Vietnam Bank | July 24, 2020, 9:04 a.m.

    The Beijing-led Asian Infrastructure Investment Bank (AIIB) has approved a $100 million loan to a Hanoi-based commercial bank, its first commitment to a Vietnamese bank, Nikkei reports.

  • China Backtracks on G20 Debt Plan | July 23, 2020, 12:14 p.m.

    World Bank President David Malpass has issued a statement directed at China urging all bilateral creditors to uphold an agreement of the G20 finance ministers to temporarily suspend debt repayments due to the Covid-19 pandemic following allegations that China has secretly reinstated payments for Laos and Angola, Nikkei reports.

  • China, Iran Sign $400B Deal | July 21, 2020, 9:07 a.m.

    A proposed $400B economic and strategic agreement between Iran and China, including a major port development project on the Strait of Hormuz, will invest $280B in Iran's oil and gas industry and $120B in production and transportation infrastructure, Nikkei reports.

  • Hanoi: $900M China-Funded Metro Delayed | July 20, 2020, 9:14 a.m.

    Construction of Vietnam's $900 million China-built railway line in Hanoi, Vietnam's first metro line, has been substantially delayed by disagreements between the Vietnamese government and the Chinese company on the project, Nikkei reports.

  • Belarus BRI Support Declines | July 17, 2020, 9:52 a.m.

    Public support for China's Belt and Road Initiative (BRI) is declining in Belarus amid protests against President Alexander Lukashenko, who has been a proponent of the Chinese initiative, Nikkei reports.

  • UK to Drop Huawei 5G by 2027 | July 14, 2020, 8:14 a.m.

    The UK government announced it will ban the purchase of new 5G equipment from the Chinese technology company Huawei as of Dec. 31 this year and remove all Huawei devices from the country's 5G networks by 2027, Nikkei reports.

  • China Invests in Colombo Port | July 10, 2020, 8:06 a.m.

    Sri Lankan President Rajapaksa announced that his government plans to strengthen Chinese investment in the Colombo port, straining relations with India, who was originally authorized to develop and use the new East Container Terminal, Nikkei reports.

  • Japan Halts Coal Support | July 9, 2020, 8:15 a.m.

    Japan will stop financing the construction of coal-fired power plants overseas in response to criticism of its backing for the carbon-intensive energy source as part of the country's push to build foreign infrastructure projects, Nikkei reports.

  • Manila's $2bn Airport Expansion Delayed | July 8, 2020, 8:17 a.m.

    Covid-19's impact on the aviation industry has caused delays for a $2 billion project to expand the airport in Manila, prompting the government to re-visit the terms of the public-private partnership agreement with the consortium behind the project, Nikkei reports.

  • UK to Phase Out Huawei in 5G | July 7, 2020, 8:15 a.m.

    The U.K. is on a path to gradually eliminate telecommunications equipment supplied by Huawei Technologies from its ultrafast 5G networks, reversing an earlier decision to allow the Chinese company to take part, Nikkei reports.

  • China Funds Pakistan Hydropower Deal | July 6, 2020, 8:05 a.m.

    China, Pakistan and the Kohala Hydropower Company, a subsidiary of China Three Gorges Corporation, have signed a $2.4 billion deal for the construction of a 1,124-megawatt hydropower plant in disputed Kashmir, Nikkei reports.

  • India Blocks Chinese Highway Deals | July 2, 2020, 9:10 a.m.

    India's highways minister said on Wednesday the country "will not give permission to joint ventures that have Chinese partners for road construction" following the military clash in the Himalayas, Nikkei reports.

  • FCC: Huawei, ZTE National Security Threats | July 1, 2020, 9:10 a.m.

    The Federal Communications Commission (FCC) on Tuesday formally designated China's Huawei and ZTE as threats to U.S. national security, a declaration that bars U.S. firms from tapping an $8.3 billion government fund to purchase equipment from the companies, Nikkei reports.

  • India Bans 59 China Tech Apps | June 30, 2020, 9:08 a.m.

    India has banned 59 Chinese mobile apps citing national security concerns following reports that the apps were illegally transmitting user data to servers outside of India, Nikkei reports.

  • Attack on BRI in Pakistan | June 29, 2020, 9:02 a.m.

    Eight people were killed Monday when members of the Baloch Liberation Army (BLA), which is openly opposed to China's Belt and Road Initiative (BRI), attacked the Pakistan Stock Exchange following the recent acquisition of a 40 percent stake in the Exchange by Chinese investors, Nikkei reports.

  • Pompeo: Tide Is Turning on Huawei 5G | June 26, 2020, 9:12 a.m.

    After meeting with Chinese diplomats in Hawaii, U.S. Secretary of State Mike Pompeo stated that "the tide is turning" against Huawei Technologies as some countries, mainly in Europe, are choosing to exclude the Chinese company from their 5G infrastructure, Nikkei reports.

  • "Made-in-Japan" 5G Alliance Announced | June 25, 2020, 9:08 a.m.

    Japanese telecommunications group NTT announced Thursday that it will invest 64.5 billion yen in IT services group NEC to launch what both companies called a "made-in-Japan" alliance in 5G technology, Nikkei reports.

  • China Completes Satellite Project | June 24, 2020, 9:05 a.m.

    China has completed its Beidou satellite system, its answer to the U.S.-based Global Positioning System (GPS), advancing Beijing's effort to cut its reliance on U.S. technology, Nikkei reports. China has exported Beidou products to 120 countries as part of it's Belt and Road Initiative.

  • Green Deals Flourish in SE Asia | June 23, 2020, 9:43 a.m.

    Investment in renewable energy in Southeast Asia is holding up despite the economic pressure of the coronavirus pandemic, with many business buyers seizing chances to lock in low-cost power supplies for the long term, Nikkei reports.

  • India, China Disengage in Himalayas | June 23, 2020, 9:06 a.m.

    India and China on Tuesday agreed to withdraw from a tense standoff along disputed Himalayan territory that started in response to India's construction activity near the border, Nikkei reports.

  • Pakistan Cuts BRI Budget | June 19, 2020, 10:02 a.m.

    Pakistan has reduced its annual allocation to the China-Pakistan Economic Corridor (CPEC) from $241 million last year to $159 million in the budget running to June 2021, Nikkei reports.