Tag Trade

56 Items, Page 8 of 12

Gwadar Port

China’s Strategic Gateway to the Indian Ocean

Connectivity is an old game that great nations have played since times immemorial. To sustain its empire, Rome supposedly paved 55,000 miles of roads and built aqueducts across Europe. It is China’s turn to play this game now. Discussions on connectivity should address not only the physical infrastructure aspects but also the institutional, financial, commercial, legal, and management issues. International collaborative projects demand statecraft and sagacity of a unique order to reconcile different points of view.

Belt and Road Vision Map

Special Report: Asian Infrastructure and Trade

Asia’s fast growth rates could falter without massive investment in infrastructure, while China — which looks set to benefit from the U.S. withdrawal from the Trans-Pacific Partnership trade pact — is readying more lending firepower, the Financial Times reports in a special series on Asian infrastructure and trade. As part of the series, FT emerging markets editor James Kynge explains how infrastructure finance could create new alliances across the region and draws upon Reconnecting Asia’s maps. Read his piece here, and explore the infrastructure ambitions of regional powers through Reconnecting Asia’s “Competing Visions” map series here.

Iran’s Railway Revolution

If he were alive today, Darius the Great would have cheered the commissioning by Iranian President Hassan Rouhani and Azerbaijani President Ilham Aliyev in March of a new railway connecting their countries. The fifth century Persian king was able to dominate much of West Asia in part because he understood the strategic importance of transportation and organized one of the world’s first highways: the Royal Road. The route spanned all of modern-day Iraq and Turkey, and cut messengers’ travel times by a factor of 12.

Belt and Road Summit

Belt and Road Summit

The Belt and Road’s expansiveness is a double-edged sword. Chinese officials can highlight individual successes and, pointing to a long roster of participants, they can claim international support. Beneath its global banner, though, the Belt and Road is mostly bilateral deal-making.