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The Partnership for Global Infrastructure and Investment will commit $600 billion to global infrastructure over the next five years. But beyond infrastructural development, the project has just as much of an ideological mission: to counter China’s clout.
Why is the U.S. unhappy with this development? Could Argentina's entry into the Belt and Road Initiative bring geopolitical tension to Latin America? What can we expect next? Let us explain.
A comprehensive report from AidData estimates that $385 billion in debt from Chinese loans have been hidden from official balance sheets, and 35% of China’s Belt and Road projects have “major implementation challenges.”
It sounds like the name of a frequent flyer program, but the new European initiative, “Global Gateway,” seeks to compete with the BRI by creating “links and not dependencies.” Can a Western “values-based” approach really hope to compete with the cold cash and hard infrastructure capacity from China?
In the run-up to last Friday’s U.S.-Japan summit at the White House, there had been a lot of talk that President Joe Biden and Prime...
New data compiled by researchers at Boston University show that China’s two largest policy banks have dramatically scaled down overseas lending.
Comments from a high-ranking official at China's National Development and Reform Commission are the clearest signal so far that Beijing is serious about linking its own multinational trading regime with Africa's.
Since its inception in 2013, Chinese government officials have insisted that the Belt and Road (BRI) is solely an economic initiative and does not have...
The Belt and Road Initiative (BRI) is a central theme of China’s foreign policy, particularly in developing regions like Africa, where it’s linked to billions...