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.
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.
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.
Indonesia is in talks with the U.S. to relocate U.S.companies operating in China to the archipelago, as businesses and governments worldwide look to diversify supply chains in the wake of covid-19, Nikkei reports.
The Indonesian government has begun discussions on possible Japanese participation in a planned high-speed railway between Jakarta and Bandung, hoping to spur progress on the delayed Chinese-led project as costs mount, Nikkei reports.
Citing the need to balance economic and national security, Australia announced all foreign investors will face greater scrutiny when bidding for sensitive assets, regardless of the size of the deal and whether the buyer is private or state-owned. Chinese companies have been major investors in Australian resources, agriculture and property, Nikkei reports.
Indonesia plans to extend the tracks of the $6 billion Jakarta-Bandung rail project being built with China to ensure economic viability, but is facing a one year delay due to the coronavirus pandemic, Nikkei reports.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the world's evolving digital infrastructure competition, and the stakes for U.S. policy.
Plunging oil, copper, and mineral prices could threaten China's $200 billion in investments and loans in Africa, Nikkei reports.
To spur economic recovery from the COVID-19 recession, China has accelerated investment efforts in its infrastructure, technology, and manufacturing sectors, Nikkei reports.
Infrastructure is crucial for fostering countries’ economic development and prosperity. This collection of policy briefs discusses how to maximize the impact of quality infrastructure investments through sustainable financing and other resilient strategies to support the 2030 Sustainable Development Goals, the Paris Agreement, and the Aichi Biodiversity Targets.
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.
Given the worsening global economy and recent foreign investment decreases in the Philippines, critics claim President Duterte's efforts to shut down domestic utilities and media companies on charges of corruption are economically unwise, Nikkei reports.
The Blue Dot Network (BDN)—an effort by the United States, Japan, and Australia to promote high-quality global infrastructure—holds promise and should be encouraged, but many unanswered questions about its implementation will need to be addressed for the initiative to achieve its desired impact.
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.
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.
New legislation will allow Japan to support the construction of liquefied natural gas terminals across Asia, positioning Tokyo to take advantage of a rapidly growing LNG market, 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.
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 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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 for what is emerging as a global competition centered on the most economically dynamic region of the world—Asia. And infrastructure development is at the center of that contest.
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.
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.