Entries tagged "South Asia"

  • Pakistan Fast-tracks BRI Projects | Aug. 20, 2019, 10:21 a.m.

    The government of Pakistan has announced plans to set up a new body, the China-Pakistan Economic Corridor Authority, to expedite projects under China's Belt and Road Initiative, Nikkei reports.

  • View All Analysis | July 31, 2019, 9:49 a.m.

    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.

  • India, U.S., Japan Talk Infrastructure | June 28, 2019, 9:12 a.m.

    On the sidelines of the Group of 20 Summit in Osaka, Prime Minister Narendra Modi held a trilateral meeting with U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe to discuss areas for cooperation on connectivity and infrastructure in the Indo-Pacific, Nikkei reports.

  • Maldives Votes to Investigate BRI | April 15, 2019, 9:15 a.m.

    Maldivian President Ibrahim Mohamed Solih's political party has won a super majority in the country's parliamentary elections. The president's party ran on an anti-corruption message that stressed the need to investigate Chinese-financed infrastructure projects that have dramatically increased the country's debt-burned, reports Nikkei.

  • Huawei Woos India with 5G | April 8, 2019, 8:58 a.m.

    Huawei has mounted a full-court press to allay India's security concerns about adopting the Chinese telecommunication company's 5G equipment. Bangladesh, Sri Lanka, and Pakistan's enthusiastic integration of Huawei's low-cost equipment into their mobile networks has been heralded by the company as examples of why New Dehli's concerns are overblown, reports Nikkei.

  • Pakistan Faces Domestic BRI Concerns | April 2, 2019, 9:09 a.m.

    Pakistan's prime minister, Imran Khan, visited southern Balochistan province last week following Balochistan's claims that the province was not getting a significant share of the Beijing-funded $62 billion China-Pakistan Economic Corridor. During his visit to Balochistan, Khan inaugurated several construction projects seen as crucial for the local economy, reports the Nikkei Asian Review.

  • BRI Countries Must Build Local Capacity | March 13, 2019, 10:44 a.m.

    To effectively leverage the infrastructure financing opportunities provided by the Belt & Road Initiative, countries must examine their own development strategies and build domestic skills and institutions, argues Ganeshan Wignaraja for the Nikkei Asian Review.

  • Belt & Road Reshapes Nepal's Infrastructure | March 11, 2019, 10:49 a.m.

    China's Belt and Road Initiative is transforming Nepal's domestic infrastructure through new roads, hydropower projects, and other industrial projects. Nepal has accommodated Chinese political interests to keep Chinese investments and exports coming, reports Nikkei.

  • Saudi Arabia Offers India $100B for Investment, Infrastructure | Feb. 21, 2019, 9:46 a.m.

    Saudi Arabia's Crown Prince, Mohammed bin Salman, promised to invest up to $100 billion in India's economy in the coming years, including in areas such as infrastructure, energy, and refining. The Crown Prince's visit to New Delhi follows a stop in neighboring Pakistan, where he signed $20 billion worth of investments in the country's flagging economy. The Crown Prince's next stop? Beijing.

  • Pakistan Disappointed by China Bailout | Feb. 11, 2019, 9:31 a.m.

    China's $2.5 billion offer to bailout Pakistan as its foreign exchange reserves dry up disappointed Islamabad, which reportedly sought $6 billion from Beijing. Pakistan's balance of payments crisis could threaten the $62 billion Beijing has invested in the China-Pakistan Economic Corridor, reports Nikkei.

  • China Faces Push Back | Feb. 6, 2019, 9:48 a.m.

    China is facing new challenges after billions of dollars have been invested into Asia through Belt and Road infrastructure projects. BRI funds have increasingly flowed into Asia, accounting for 39 percent of the project's total contract value from January 2014 to June 2018, outpacing funding for Africa, which has received 30 percent.

  • China Wary of Saudi Refinery at Gwadar | Jan. 29, 2019, 9:15 a.m.

    Saudi Arabia plans to build Pakistan's largest oil refinery near Gwadar port, the flagship project of the China-Pakistan Economic Corridor (CPEC). The oil refinery, part of Saudi Arabia's new commitment to invest $15 billion in Pakistan over the next three years, could fuel competition with Beijing for economic leverage given China's significant investment there under CPEC, reports the Nikkei Asian Review.

  • China Turns To Overseas Hydropower Projects | Jan. 10, 2019, 9:20 a.m.

    China Three Gorges Corp, operator of the world's largest hydropower plant, is turning to projects offshore as domestic costs soar and space runs out on China's crowded rivers. The company, which already has business in more than 40 countries, will focus mostly on South Asia, Southeast Asia, Africa, and Latin America, reports the Nikkei Asian Review.

  • New Asian Leaders Question BRI | Oct. 1, 2018, 8:33 a.m.

    Newly elected Asian leaders from the Maldives, Malaysia, and Sri Lanka question the "business sense" of some Chinese-funded infrastructure projects under the Belt and Road Initiative, casting doubt on Beijing's strategy for building regional influence.

  • Thailand Indirectly Seeks BRI Funding | Sept. 20, 2018, 11:03 a.m.

    Envisioning a bilateral trade deal with Sri Lanka, the Thai government hopes to tap into opportunities from China's Belt and Road Initiative without directly dealing with China.

  • Mapping the China-Pakistan Economic Corridor’s Environmental Impacts | June 29, 2018, 9:46 a.m.

    Energy projects account for more than 60 percent of the roughly $62 billion in investment along the China-Pakistan Economic Corrdior. While CPEC's power plants have the potential to greatly increase access to electricity for Pakistan’s population, they could also pose serious risks to surrounding wildlife.

  • The Belt and Road’s Biggest Impact | May 29, 2018, 9:30 a.m.

    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.

  • In Pakistan, Tax Amnesty to Aid CPEC | May 8, 2018, 9:55 a.m.

    Pakistan is offering an ambitious tax amnesty program which it hopes will help the country borrow $60 billion from China and commercial sources for the China-Pakistan Economic Corridor.

  • India Wary of New China Corridor | April 20, 2018, 9:09 a.m.

    India is likely to object to China's proposal to construct a trans-Himalayan trilateral economic corridor through Nepal, according to the Nikkei Asian Review.

  • Japan, India, U.S. Fund Indo-Pacific Infrastructure | April 10, 2018, 10:28 a.m.

    Japan, the U.S., and India have agreed to work together on infrastructure projects in the Indo-Pacific region focusing on South and Southeast Asian nations such as Nepal, Bangladesh, and Myanmar. The trilateral is calling for a more transparent and sustainable approach in line with international standards to counter China’s infrastructure development under its Belt and Road initiative.

  • Trump's $3T Afghan Mining Mirage | Nov. 29, 2017, 10:40 a.m.

    New plans to tap mineral wealth face old problems of violence, instability and corruption

  • India, China Compete for Access in Sri Lanka | Nov. 6, 2017, 10:07 a.m.

    Mattala Airport in Sri Lanka, not far from the Chinese-operated Hambantota seaport, has become a point of contention in the wake of a $290 million offer from India to lease it.

  • China, Sri Lanka Talk Infrastructure in Beijing | Oct. 31, 2017, 2:22 p.m.

    Quotes and Quotas is a weekly digest of powerful phrases and facts that help explain Asia’s infrastructure push.

  • Defining Our Relationship with India for the Next Century | Oct. 18, 2017, 1:17 p.m.

    It is time to expand transparent, high-standard regional lending mechanisms – tools that will actually help nations instead of saddle them with mounting debt.

  • Many Belts and Many Roads | Oct. 11, 2017, 9:55 a.m.

    Quotes and Quotas is a weekly digest of powerful phrases and facts that help explain Asia’s infrastructure push.

  • Axiata Buys $940M Telecom Infrastructure Deal in Pakistan | Aug. 30, 2017, 9:20 a.m.

    Malaysia's largest mobile telecom company by revenue, Axiata Group, is buying 13,000 telecommunications towers in Pakistan in a deal worth $940 million as it seeks to consolidate its footprint in the region.

  • JICA Lends $4.5B for Port, Power in Bangladesh | July 31, 2017, 8:08 a.m.

    The Japan International Cooperation Agency will provide its largest yen loan to date, equal to an estimated $4.51 billion, for the construction of a port and coal-fired power plant in Bangladesh.

  • Taiwan's "New Southbound" Overshadowed by Belt and Road | July 14, 2017, 1:45 p.m.

    The "New Southbound" strategy announced by Taiwan's President Tsai Ing-wen in May 2016 has struggled to improve economic ties with its 18 destination countries in South and Southeast Asia and the Pacific, in part due to China's growing economic and political clout with the target countries.

  • Indian Companies Keen to Develop Chabahar Port | July 12, 2017, 12:55 p.m.

    Indian companies have started bidding to develop Iran's Chabahar port, a strategic project for which India committed to invest an initial $500 million during Prime Minister Narendra Modi's state visit in March.

  • India's $59B Infrastructure Push Hits Slump | June 13, 2017, 9:04 a.m.

    India plans to spend a record $59 billion on projects such as rail, roads, and ports this year. Yet, despite the push for new infrastructure which is being spearheaded by Indian President Narendra Modi, many projects are struggling to attract enough funding to get off the ground.

  • How Britain’s Colonial Railways Transformed India | June 13, 2017, 9 a.m.

    The railways delivered much for India. Just as with the United States of America, they bound the country together.

  • Experts Call for Greater Integration in S. Asia | June 6, 2017, 8:27 a.m.

    Bangladesh's State Minister for Foreign Affairs joined a number of experts at the International Conference on The Future of Asia Tuesday in calling for greater integration and connectivity among members of the South Asian Association for Regional Cooperation in order to promote trade and economic growth.

  • China’s Strategic Gateway to the Indian Ocean | May 24, 2017, 9:30 a.m.

    The China-Pakistan Economic Corridor may have a great effect in Pakistan and on Pakistan-China relations, but it does not address issues of connectivity in South Asia.

  • Iran's Railway Revolution | May 10, 2017, 8:55 a.m.

    Better infrastructure will not make Iran's economic success inevitable, but it certainly will shape the strategic landscape in which Iran makes its future decisions.

  • Pakistan to Open $1B Infrastructure Bank | May 8, 2017, 8:21 a.m.

    Pakistan has recently come to an agreement with U.S.-based company InternationalFfinance Corporation on creating a Pakistan Infrastructure Bank.

  • Mishandled China-Pakistan Economic Corridor Could Misfire | April 14, 2017, 9:25 a.m.

    Since it was launched two years ago, the China-Pakistan Economic Corridor has sparked praise, skepticism, and even violence, resulting in widespread confusion about what’s driving this $55 billion energy and infrastructure effort, and how it will impact the region.

  • Experts Hold Competing Views on CPEC | April 6, 2017, 9:04 a.m.

  • Sri Lanka Eyes Chinese Stake in Hambantota Port | April 3, 2017, 9:07 a.m.

  • Experts Hold Competing Views on CPEC Outlook | March 27, 2017, 8:54 a.m.

  • Gilgit Baltistan | March 3, 2017, 9 a.m.

    Gilgit-Baltistan has a rich history of connections to the Ancient Silk Road. Today the region once again finds itself at the intersection of a new Silk Road being paved by China, despite geographic and political challenges.

  • Unrest and Isolation in India's Northeast | Feb. 27, 2017, 9 a.m.

    Violent protests could derail India’s regional connectivity plans for years—a pause that India can’t afford.

  • Mapping CPEC’s Risky Terrain | Dec. 14, 2016, 12:09 a.m.

    The China-Pakistan Economic Corridor (CPEC) traverses some of the world’s most dangerous terrain. Terrorist attacks have declined in Pakistan, but insecurity remains a major risk for ambitious projects.

  • Pakistan Doubles CPEC Security | Nov. 17, 2016, 12:05 a.m.

    Islamabad will double the number of guards protecting Chinese workers on the China-Pakistan Economic Corridor from 15,000 to 30,000, Nikkei reports.

  • Kashmir Investments Test India-China Relations | Oct. 21, 2016, midnight

    India and China want stronger economic ties, Amy Kazmin reports in today’s Financial Times, but infrastructure investment in Kashmir remains a point of contention.