Defining Our Relationship with India for the Next Century
It is time to expand transparent, high-standard regional lending mechanisms – tools that will actually help nations instead of saddling them with mounting debt.
It is time to expand transparent, high-standard regional lending mechanisms – tools that will actually help nations instead of saddling them with mounting debt.
On October 3, U.S. Secretary of Defense James N. Mattis commented on China’s Belt and Road initiative during a hearing before the Senate Armed Services Committee. Chinese and Pakistani officials were quick to defend their flagship route, the China-Pakistan Economic Corridor (CPEC).
Earlier this month, the leaders of Japan and India paused to lay the foundation stone for a high-speed railway. Shinzo Abe was visiting Narendra Modi’s home state, where a 500-kilometer bullet train using Japanese financing and technology will link Mumbai and the industrial city of Ahmedabad. Modi called Japan “a true friend” and the train a “symbol of new India.” Abe agreed, saying, “The project symbolizes India-Japan friendship.” It also illustrates the high-stakes competition underway to connect the Eurasian supercontinent. China has stolen the spotlight, but other regional powers are not standing still.
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.