The seizure of Chinese-run mines in Kyrgyzstan amid ongoing protests has highlighted the risks to business in region, fuelling China's desire to promote its private security companies (PSCs). But if Chinese PSCs continue to expand operations, Sinophobic sentiments—already widespread across the region—may spark a cycle of escalating securitization that will undermine China's long-term interests.
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.
A milestone agreement on trade and economic cooperation signed in May 2018 represents an important step forward for the relationship between the Eurasian Economic Union (EEU) and China’s Belt and Road Initiative (BRI).
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.
Most countries along the BRI have urgent infrastructure development needs and many are considered too high-risk for traditional investors, the result being that their governments have been highly receptive to Beijing’s offers of financing, building, and operating infrastructure projects.
The New Silk Road Project will travel 10,000 miles across China’s Economic Belt from London to Yiwu to investigate the people, projects, countries, and landscapes involved in China's Belt and Road Initiative.
China's regionwide infrastructure drive is proving to be a game changer in the grain trade.