China’s flagship foreign policy effort could reshape the world’s digital, trade, and transport networks and political ties for decades to come.
Supporters of the China-Pakistan Economic Corridor have long argued that the initiative would spur development and improve Pakistan’s macroeconomic fortunes. As Pakistan faces its thirteenth IMF bailout in the last thirty years, it is clear that without serious reforms, the debt incurred to fund CPEC could do more economic harm than good.
The CSIS Africa Program assessed 46 African ports with financial, construction, or operational involvement by Chinese entities to identify potential threats to African sovereignty and U.S. strategic interests in the region.
China’s BRI offers lofty promises of “win-win” investments that have persuaded some 126 countries to sign on. But critics claim that it stokes corruption, harms the environment, creates financial dependencies, and extends Chinese military power. Writing for The Washington Post, Jonathan Hillman tackles five myths fueled by the BRI’s ambiguity.
Huawei, Ericsson, and Nokia are locked in intense competition to dominate the age of 5G telecoms, writes _The Financial Times_, citing data from the Reconnecting Asia Project.
Jonathan Hillman joins Jane Nakano and Nikos Tsafos for the CSIS Energy and National Security Program’s Energy 360° Podcast to look at the importance of energy projects in the BRI, changing expectations from BRI partners, and what defines a successful BRI project for China.