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.
Six years after Chinese president Xi Jinping announced the “Maritime Silk Road” Initiative, China is increasingly dominant in the maritime supply chain and the production activities that support it. This deeper maritime foundation brings commercial advantages during peacetime and could offer strategic advantages in the event of conflict. Congress has a vital role to play in addressing these challenges.
Descriptions of China’s Belt and Road Initiative (BRI) often center on China’s agency in other countries—its investments, loans, and even soft-power. However, Azerbaijan’s Baku International Sea Trade Port in Alat, a retroactively labeled “BRI” infrastructure project, is anything but centrally controlled by China.
This spring, when the International Monetary Fund approved a $6 billion bailout for Pakistan, an invaluable opportunity was missed to push for greater transparency of China’s Belt and Road Initiative by not requiring project contracts for the China-Pakistan Economic Corridor—a significant source of Pakistan’s debt—to be made public.
In this episode, the Trade Guys and Andrew discuss the Trump administration’s designation of China as a currency manipulator. They also welcome a special in-house guest, Jonathan Hillman, who is a senior fellow with the CSIS Simon Chair in Political Economy and directs the Reconnecting Asia Project. Reconnecting Asia tracks new roads, railways, ports, and other infrastructure projects.