Xi Jinping arrived in Italy today to sign a memorandum of understanding for the Belt and Road Initiative (BRI), a development that has already drawn criticism from the U.S. Washington’s frustration is understandable, but it plays right into Beijing’s hand. Publicly criticizing Italy’s decision gives unwarranted weight to vague documents that, like the BRI itself, overpromise and underdeliver.
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.
China convenes its top political advisory bodies, the Chinese People's Political Consultative Conference and the National People's Congress this, this week. Analysts expect the meetings will address rising political backlash against China's Belt and Road initiative, reports Nikkei.
Increasing criticism towards China's ambitious Belt and Road Initiative (BRI) coupled with China's economic squeeze has prompted Chinese skeptics of BRI to quietly ask if their government is putting its scarce resources to the right use. Although President Xi Jinping's BRI is still supported by leaders in Beijing, Xi's original ambitions are being rolled back out of public view, reports the Nikkei Asian Review.
Chinese President Xi Jinping is planning a visit with India's Prime Minister, Narendra Modi, as early as February. President Xi hopes to improve diplomatic relations with India ahead of China's second Belt and Road Initiative Forum in April, Nikkei reports.
Pakistan is asking China to shift its investment focus from power and infrastructure projects to industrialization, agriculture, and education as regards the China Pakistan Economic Corridor, reports the Nikkei Asian Review.
China and the Philippines are expected to sign billions of dollars worth of Belt and Road deals on Tuesday, as the United States and the Philippines move forward on key issues including free trade talks, reports the Nikkei Asian Review.
As he heads for a face-to-face meeting with Chinese President Xi Jinping, Pakistan's Prime Minister Imran Khan is reportedly planning to renegotiate CPEC and to make it align more with Pakistan's interests, reports the Nikkei Asian Review.
Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping agreed to accelerate cooperation on overseas infrastructure projects and finance as a symbol of their revamped ties.
The world's longest sea-crossing bridge, connecting mainland China and Macau with Hong Kong, is set to open on Wednesday, giving Chinese President Xi Jinping a centerpiece for his vision of a "Greater Bay Area" economic zone, reports the Nikkei Asian Review.
Japan drafted a plan to offer greater assistance for infrastructure development overseas ahead of a key summit with China next week, as it prepares to pursue joint projects with Beijing in third countries, reports the Nikkei Asian Review.
Although Beijing insists that its Belt and Road Initiative has no geopolitical motives, the project has been at the center of an increasing number of political controversies, foreign and domestic, writes the Financial Times in a Special Report, citing analyses from the Reconnecting Asia Project.
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.
Chinese infrastructure funding is as likely to go outside of Beijing's six defined economic corridors as it is to go in them; indicating a possible lapse of control from the central government. This could present opportunities for its partners and competitors, writes Jonathan Hillman in the Nikkei Asian Review.
Five years ago, President Xi Jinping unveiled the Belt and Road Initiative, a vast investment scheme cloaked in the rhetoric of cooperation that was designed to pave the way for China's transition to great power status. Instead, it has become a roller coaster that Beijing is struggling to control.
Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe met at the Eastern Economic Forum in Vladivostok, Russia this week. Both leaders decided to further pursue collaboration on infrastructure projects during Abe’s visit to Beijing next month, the first bilateral visit by a Japanese Prime Minister to China since 2011.
Following their meeting at the 2018 Eastern Economic Forum, Chinese president Xi Jinping and Russian president Vladimir Putin affirmed their intention to link China's Belt and Road Initiative with the Russian-led Eurasian Economic Union.
Malaysia and Singapore will resume construction of the 350 km East Coast Rail Link project in 2020 on the basis that Singapore will be compensated $11 million for the delay.
At risk of granting China valuable concessions to ease their debt burdens, Central Asian countries seek to bolster relations with China and secure a piece of the Belt and Road Initiative, according to the Nikkei Asian Review.
China will contribute $3.6 billion to Turkey for infrastructure projects in order to expand its Belt and Road Initiative and mitigate the impact of Turkey's economic crisis.
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.
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.
Chinese infrastructure investment throughout Southeast Asia has shifted the tide of opinion, simultaneously supporting authoritarian politics in certain states and engendering opposition to Belt and Road in others, according to the Nikkei Asian Review.
Cambodians remain wary of Chinese infrastructure investment due to China’s growing influence in the country.
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.
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.
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.
As Arctic sea ice steadily shrinks and temperatures rise, Russia and China compete for control of newly accessible natural resources and transportation routes while cooperating to finance the development of resource extraction and transportation infrastructure.
China has embarked on the most ambitious infrastructure project in modern world history. It’s called the Belt and Road Initiative (BRI), and it’s how China plans to become the world’s next superpower.
China's Belt and Road initiative has enjoyed relatively rapid and wide support, particularly in Asia. However, its political future depends on implementation and delivering economic results. To sustain support, China should be looking for opportunities to broaden participation.
Prime Minister Shinzo Abe says Japan will cooperate with China to meet growing demand for infrastructure development in Asia.
Data released by the Chinese National Bureau of Statistics reveals that China's heavy infrastructure investment leading up to the Communist Party National Congress last October had its intended effect of boosting annual economic growth.
Rather than trying to sign up even more states in 2018, China should focus on delivering results, especially high-quality infrastructure, for current participants in its Belt and Road initiative.
During his recent trip to Beijing, South Korean president Moon Jae-in sought to advance his “New Northern Policy." As Moon's regional vision comes into focus, its most profound implications could be long term.
The political damage Chinese investment in the CEE has created for the EU is already visible in its inability to act cohesively vis-à-vis China on trademark foreign policy issues, namely upholding the international rule of law and protecting human rights.
China canceled nearly 1,000 projects amid greater scrutiny of public-private partnerships, in addition to stronger environmental regulations and real estate purchasing limits.
Quotes and Quotas is a weekly digest of powerful phrases and facts that help explain Asia’s infrastructure push.
As Chinese President Xi Jinping prepares to begin a second five-year term, the 6.8 percent expansion of China's economy, largely driven by public investment in infrastructure projects, has put economic growth ahead of official targets.
President's strong-arm management style pushing market reforms aside.
Earlier this month, the leaders of Japan and India paused to lay the foundation stone for a high-speed railway. The new link illustrates the high-stakes competition underway to connect the Eurasian supercontinent. China has stolen the spotlight, but other regional powers are not standing still.
The one thing we can say about China’s Belt and Road Initiative so far is that it testifies to the ways in which China today is an intrinsically global power, and how its influence creeps into areas it has never reached before.
As an Asia Pacific power with enormous economic and strategic stakes in the Belt and Road region, the United States cannot afford to sit on the sidelines and watch these infrastructure developments abroad unfold.
State-owned shipping giant China Cosco Shipping is poised to invest over $260 million in overseas ports and logistics hubs, helping to secure President Xi Jinping's Belt and Road initiative overseas.
Japanese Prime Minister Shinzo Abe has indicated that Japan may be willing to cooperate with China on its key foreign policy strategy, the Belt and Road Initiative, under certain conditions to foster closer economic ties.
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
The AIIB concluded its second annual meeting in Jeju Island, South Korea on June 16, yet many questions about the bank’s role in global governance remain open.
Myanmar's State Counselor Aung San Suu Kyi is turning her diplomatic efforts toward China to help fill the country's significant infrastructure gap.
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
Japanese Prime Minister Shinzo Abe announced Monday that Japan is willing to cooperate with China on its ambitious "Belt and Road" initiative.
If the West remains silent by failing to help shape the Belt and Road or to offer an alternative, China's rhetoric will increasingly become reality.