Beijing’s willingness to start new international institutions underscores its global ambitions and adds weight to its rhetoric about creating an alternative order, but it would be a mistake to exaggerate their current scale and effectiveness.
As the Chinese economy slowly begins to recover from the disruptions caused by the COVID-19 pandemic, French economist and founding president of the European Bank for Reconstruction and Development, Jacques Attali, sees China emerging as an important technological power, Nikkei reports.
China has overtaken the U.S.' four-decade streak in filings. Computer tech and digital communication fields accounted for the largest share of filings, with Huawei as the leading corporate filer, Nikkei reports.
Some Chinese technology companies and their owners have seen their wealth increase significantly amidst the coronavirus outbreak due to increased demand, Nikkei reports.
Germany is preparing to take stakes in or buy out domestic companies in a weakened financial situation due to COVID-19 to prevent opportunistic acquisitions by Chinese firms which could jeopardize Germany's future competitiveness, Nikkei reports.
China says that the Belt and Road Initiative will not be impacted by COVID-19, and has continued to commit to new infrastructure projects in Southeast Asia. While experts suggest that China's slowing economy will lead the Chinese government to prioritize domestic spending, Southeast Asia is likely to remain a focus for Chinese investment, Nikkei reports.
Central Asia, a region at the heart of China's Belt and Road Initiative, has been sharply affected by the economic downturn in China and falling energy prices due to the global spread of the COVID-19 epidemic while country-level responses to the virus have varied widely, Nikkei reports.
As the U.S. considers tightening export controls on Huawei, the company warned that such action could trigger a similar response against U.S. companies by the Chinese government, Nikkei reports.
The president of Serbia recently greeted a Chinese medical team arriving to assist the fight against COVID-19, underscoring Beijing's diplomatic efforts to give aid and advice to countries participating in its Belt and Road Initiative, Nikkei reports.
While the COVID-19 epidemic has spread along the routes of China's Belt and Road Initiative (BRI), those same corridors are being used to provide medical support as Beijing attempts to position itself as a global leader in healthcare—a move which Chinese President Xi Jinping calls the “Health Silk Road.”
China's three largest mobile telecom companies, China Mobile, China Unicom, and China Telecom, are reluctant to expand their investments in building out 5G capability as economic growth stalls, Nikkei reports.
President Xi Jinping recently floated the idea of creating a "health silk road" paralleling the Belt and Road, which could further China's "mask diplomacy" efforts to provide medical supplies abroad and portray itself as a provider of international public goods. However, experts note that disinformation efforts by Chinese officials about COVID-19 are prompting pushback and could hinder such efforts.
Chinese president Xi Jinping is set to increase spending on crucial infrastructure including 5G network deployment and data center construction to help the economy recover from the impact of COVID-19, Nikkei reports.
Pakistan and China recently signed new memorandums of understanding (MoUs) under the China-Pakistan Economic Corridor (CPEC) during President Arif Alvi's visit to China, but experts doubt China's willingness to substantially increase economic assistance to Pakistan, including to combat the coronavirus outbreak, Nikkei reports.
China Mobile, the world's largest mobile services provider, said that it will spend $14 billion on the rollout of 5G services, including the construction of 250,000 5G base stations. The move forward continues despite delays and revenue losses due to the coronavirus, Nikkei reports.
The recent outbreak of African swine flu in China has pushed demand for imported meat to record numbers, but pork exporters globally face difficulty shipping meat to China due to quarantines that delay shipping within the country. Experts suggest it could take six weeks for shipping chains to recover, Nikkei reports.
As the coronavirus necessitates greater emphasis on cooperation between the U.S. and China, some experts worry that Washington’s decision to postpone the U.S.-ASEAN summit following a period of perceived disengagement risks pushing Southeast Asian countries further toward China and delays discussions on critical topics, including the U.S. rival to the BRI, Nikkei reports.
Russia has become Huawei's fastest growing market as Moscow seeks to reduce dependence on Western technological infrastructure, and the Chinese tech company recently announced a partnership with Russia's Sberbank to develop a cloud platform.
Japanese lawmakers are pushing for the development of a digital yen in response to concerns that China could set international standards for digital currency technology, aided by the prevalence of the Belt and Road in countries with developing financial systems, Nikkei reports.
Oppo, China's second-largest smartphone producer, has teamed up with 11 carriers around the world and plans to invest $7 billion in its new 5G technologies rollout as part of an effort to take overseas market share from top competitor Huawei, Nikkei reports.
China's Belt and Road investments are facing public criticism in Laos as Chinese-built hydropower plants disrupt the local fishing industry. Some Chinese agricultural businesses have also been accused of poor labor and environmental standards while the IMF and other organizations have flagged the risk of debt distress in the country, Nikkei reports.
Beijing is pushing for what it calls Global Energy Interconnection, a vision of a multi-trillion-dollar worldwide electricity network, which presents an opportunity for emerging economies experiencing power shortages but also the risk of vulnerability and insecurity, Nikkei reports.
The Gwadar Smart Port City Masterplan, part of the China-Pakistan Economic Corridor, has attracted criticism due to lack of transparency and aims that some experts call unrealistic. The plan estimates over 2000 percent population growth by 2050 and will require more than $648 million for basic infrastructure alone, Nikkei reports.
Beijing is using big data and its social credit system to slow the spread of COVID-19, and these measures have improved Chinese cities' digital infrastructure and strengthened the state's surveillance capacities, Nikkei reports.
Environmental and anti-globalization groups in Belgium are seeking to halt the construction of a logistics hub by Chinese company Alibaba, claiming the $80 million project will increase pollution and create only low-quality jobs, Nikkei reports.
French train maker Alstom is set to take over a railway unit of Canada's Bombardier in an $8.2 billion deal aimed at giving it the scale to better compete with China's CRRC, which continues to advance in Africa and Asia through the BRI, Nikkei reports.
U.S. Secretary of State Mike Pompeo promised "a million dollars of assistance to increase trade and connectivity between Uzbekistan and Afghanistan," during a visit to Tashkent, Uzbekistan. Meanwhile, China's presence in Central Asia is growing, in part due to heavy investment in the region's infrastructure development through its Belt and Road Initiative, Nikkei reports.
Japan's Prime Minister Shinzo Abe has crafted a China policy that mixes caution with engagement, for example, expanding the U.S.-Japan security alliance while also jointly funding Belt and Road projects, Nikkei reports.
European firms seeking to participate in China's Belt and Road Initiative face rising hurdles while Chinese state-owned companies are successfully pricing out their European competitors. As European leaders gear up for several high-profile meetings with Beijing in the coming months, a push for greater transparency and reciprocity along the BRI could help level the playing field.
As Chinese investment projects in the Philippines face scrutiny due to their potential security and environmental impacts, President Duterte has warned courts against challenging Chinese-backed projects. Until mid-2019, no Chinese infrastructure projects in the Philippines had started construction, Nikkei reports.
The shutdown of Wuhan, a strategic transport hub, in response to the coronavirus outbreak could negatively impact China's Belt and Road Initiative, Nikkei reports.
Beijing and Naypyitaw have agreed to a $9 billion rail link between Muse and Mandalay, Nikkei reports.
Concerns about U.S. restrictions on advanced technology have brought Russia and China together, with the two countries creating a $1 billion joint investment fund for high-tech projects. Huawei is a particularly active AI player in Russia and has announced plans to build an “AI ecosystem” in the country, Nikkei reports.
China’s growing military ambition in South Asia is matched in financial terms by its Belt and Road Initiative, including the China-Pakistan Economic Corridor. What remains unclear is how the U.S. should navigate the new dynamic. This report addresses the question of how the India-Pakistan rivalry will play into the emerging great power competition.
China is constructing three new airports in Cambodia as part of a $2 billion investment under the Belt and Road Initiative, Nikkei reports.
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.
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 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.
As the world becomes increasingly urban and digital, smart cities are emerging as ground-zero for new approaches to development and governance. On Thursday, January 23rd, a diverse group of experts convened as CSIS to distinguish between leading smart city models and discuss how their technologies, including in the areas of public safety and surveillance, are impacting the power of citizens, governments, and corporations,
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 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.
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.
The European Chamber describes the role of European business in China's Belt and Road Initiative (BRI), suggests ways the initiative can become more inclusive, and recommends areas where the EU can both complement the BRI and develop its own connectivity strategy into a credible alternative.
The CSIS ChinaPower project hosts a podcast episode with Dr. Wang Huiyao to explore the evolution of China’s Belt and Road Initiative (BRI) and the developments that have occurred since it was first introduced in 2013.
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.
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.
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.
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 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.
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.