On Wednesday, July 3, 2019 the Kiel Institute for the World Economy released a working paper that researches China’s overseas lending practices. Have a look at the release announcement.
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5 Key Outcomes of the Osaka G20 Summit held June 28-29, 2019 in Osaka, Japan
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On Wednesday, June 12, 2019 the Asia Society Policy Institute released a comprehensive report that among other things makes 12 specific recommendations for “improving” the BRI going forward. Have a look at the release announcement.
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On Sunday, June 2, 2019 China released a comprehensive white paper to formally state its positions on the trade negotiations with the U.S. The set of statements come as the trade war escalates and Beijing threatens to hit back with a retaliatory blacklist of U.S. firms.
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With the successful conclusion of the Belt and Road Forum this April 25-27, 2019 all the “Belt and Road” haters have seem to come out with their guns blazing about China’s “Debt Trap Diplomacy”. Well we here at the Belt and Road Advisory decided to look at the data. In addition to our usual style of actually asking the people involved in the actual deals and those in the know,
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In an interview the Xinhua News Agency, Dr. Jia Yu (senior Operations Officer and the Director of International Development Cooperation at the Institute of New Structural Economics at Peking University.) discusses “three way cooperation” as a way of improving transparency in future BRI projects. She also discusses the role of the “confidence” that BRI participation gives to developing countries when they are planning for growth.
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So where is the U.S. amid all of this winning? There are countless opportunities to U.S. corporations available through BRI projects. Honeywell International is already working with partners to further oil and gas development along the Belt and Road. General Electric has signed a number of deals with partners of the BRI which will help to provide reliable power and energy to critical regions across the world. Caterpillar is working with China’s initiative to help solve Pakistan’s severe power shortages. Meanwhile, Citibank is actively providing financing for projects through the markets along the Belt and Road. We certainly welcome more taking part.
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Daily coverage of The Second International Belt and Road Forum can be found here.
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Kuala Lumpur’s recent foreign policy approach to Beijing is most astutely described as one of “hedging”. The long term apprehension of China in retrospect to the complex ethnic dynamic of the country has continued to be a decisive influence in how it approaches Beijing, but it is one that is one which is approached with caution and pragmatism.
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