David Malpass, U.S. President Donald Trump's nominee to lead the World Bank, told media sources on Wednesday that he hopes to cut the multilateral lender's loans to China, which he believes is too wealthy to receive large loans from the World Bank. Malpass also criticized China's Belt and Road infrastructure initiative, saying that the BRI "leaves countries with heavy burdens of debt," reports Nikkei.
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.
The Chinese government is set to expand infrastructure spending by nearly $10 billion to stimulate the economy amid the growing risk of a financial slowdown as its trade war with the U.S. escalates, according to the Nikkei Asian Review.
The United States announced a $113 million package aimed at developing the Indo-Pacific region's digital economy, energy sector, and infrastructure.
China's Belt and Road Initiative has expanded far beyond its original core of Eurasia and the Middle East, from New Zealand to the Arctic, Africa to Latin America and even outer space. While the BRI is not yet a challenge to the rules-based liberal order, it is a test of it.
The sheer scale and complexity of many infrastructure projects guarantee that disputes will arise. That’s why China is not only pushing projects overseas under its Belt and Road Initiative but increasingly, it is also writing new rules that advance its interests. The implications for the rules-based order—and U.S. interests—could be profound.
This report highlights recommendations on how the U.S. might effectively engage Southeast Asia's infrastructure challenges to foster greater stability and financial integration in the region.
China’s $1 trillion push to build infrastructure across Asia evokes romantic comparisons to the ancient Silk Road, but there is a more recent chapter of history that urges caution. More than a century and a half ago, the United States was a rising power racing westward, building transcontinental railways that delivered limited benefits and exacted a high cost from society. Today, China has taken on that role.
As Europe disappears, Asia coheres. The supercontinent is becoming one fluid, comprehensible unit of trade and conflict, as the Westphalian system of states weakens and older, imperial legacies – Russian, Chinese, Iranian, Turkish – become paramount.
Asia’s powers have embarked on an epochal infrastructure competition that is connecting the region internally and with the world. It is essential that we remain vigilant to ensure health infrastructure investment keeps pace with new connectivity.
On November 30th the CSIS Energy and National Security Program hosted "Hydrogen and Green Shipping: Zero Emission Fuel in the Maritime Sector" to discuss the important role that hydrogen fuel technology could play for shipping in the transition to a low-carbon future.
This report highlights essays from our Big Question series - an analysis collection that explore the drivers and implications of the massive infrastructure push taking place across the Eurasian continent.
It is time to expand transparent, high-standard regional lending mechanisms – tools that will actually help nations instead of saddle them with mounting debt.
When the United States took possession of Alaska from Russia, 150 years ago today, it paid less than two cents an acre. So what happened to the global market for territory?
Quotes and Quotas is a weekly digest of powerful phrases and facts that help explain Asia’s infrastructure push.
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.
The Panama Canal began with coercion, was built at tremendous human and economic cost, and for decades operated with little benefit to locals. In many ways, Panama’s experience last century underscores the risks for developing countries of pursuing megaprojects with this century’s rising power: China.
What might have alarmed U.S. strategists during the Cold War could be cause for relief. The addition of India and Pakistan to the Shanghai Cooperation Organization signals a potential shift away from military coordination and toward economic cooperation.
Infrastructure is often viewed as a domestic economic issue, but throughout history, key projects have also advanced national security and foreign policy objectives.
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.
Financial engineering is driven by new approaches to old problems, as the surprising success of green bonds and social or development impact bonds has shown us. Hopefully, the time of the kicker bond for infrastructure has arrived.
Asia’s infrastructure push could create new alliances, reports FT emerging markets editor James Kynge, drawing upon Reconnecting Asia’s “Competing Visions” map series.
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
As China looks westward for energy security and the United States seeks to commit more attention to the Pacific, the U.S. must decide how it will try to shape China's role in the Middle East.
The United States’ geoeconomic leadership depends, in part, on our ability to deliver infrastructure overseas that serves as the backbone for prosperity abroad and creates jobs and strengthens our economy at home.
Collaboration on infrastructure could be a promising area of mutual interest. One of China's strongest interests in the Arctic is associated with new sea lanes, yet without adequate port facilities and other infrastructure capabilities those interests may never be realized. Coordinated U.S. and China infrastructure investments could benefit both nations.
China has a regional strategy for the Asia-Pacific. Look at the Silk Road Initiative…They’re executing on that strategy. And that positions them in a very powerful way – in the region – to be able to call the shots.
While the U.S. and Japan cannot offer as much investment as China in the region, they can offer their expertise and high standards, Matthew Goodman explains in an interview with Nikkei.
There are six areas where the United States can directly influence the soft infrastructure in the reconnecting Asia footprint. All of these must be done in coordination with our bilateral and multilateral partners.
A significant challenge to U.S. national security is looming in Eurasia and appears to be receiving limited attention from the U.S. government: Beijing’s “One Belt, One Road” (OBOR) initiative and its plan to connect China with Western Europe through overland routes across Central Asia.
The South Caucasus is an important corridor connecting Europe to Asia and a source of and transit route for Caspian oil and gas. Yet today, violence continues to lurk just below the surface, jeopardizing efforts to build new transit corridors through the region.