When will China truly open up its markets? That has been the perennial question bugging foreign governments and companies ever since China joined the WTO. Foreign companies have tended to enjoy far less access into the relatively closed Chinese market than Chinese companies have enjoyed in overseas markets. Frustration is growing and highlighted most acutely by the ongoing trade war.Read More
Is China to blame for Pakistan’s economic woes? Our short answer is – no. While there is no doubt that China’s loans to Pakistan – mostly designated to fund the China-Pakistan Economic Corridor (CPEC) under the Belt and Road Initiative – have contributed to Pakistan’s widening current account deficit, it is the economic mismanagement of successive Pakistani governments that remains the real cause.
In recent months, China has started to realize the significance of perception problem around BRI. The response seems to have been threefold: 1) aggressively rebutting the concerns especially around debt, 2) focus more on the positive branding of BRI particularly in international fora (e.g. FOCAC held in Beijing in September 2018) and 3) making projects more transparent and open, initially through pilots.Read More