Since its announcement in 2013, the Belt and Road Initiative has grown from an idea centered on connectivity and infrastructure development into a global strategy bolstering China’s influence and economic diplomacy.
Since its unveiling in 2013, the Belt and Road Initiative (BRI) has developed into a sweeping global project with profound implications for the international financial system, China’s own growth model, and governance in China and in countries along the Belt.
While the Trump administration has proposed to slash foreign aid by more than one-third, China is increasingly interacting with, and providing aid to, developing countries under the umbrella of South-South cooperation.
China and its keenest Latin American borrowers are left with the challenge of managing the legacy of past deals, including those that have gone awry.
It is Trump administration policies and attitudes that have provided China a rhetorical opening in Latin America at a time when China’s economic and political relations with the region face serious challenges.
It is imperative that the United States not abandon international development out of the mistaken sense that it is removed from America’s core economic, political, and security interests.
Beijing’s role and response to the current economic crisis engulfing Venezuela needs to be further examined, particularly in light of China’s loans-for-oil relationship with the developing nation.
Panama's decision to establish ties with China heightens risks of diplomatic isolation for Taiwan, but the future of cross-Strait relations highly depends on the upcoming 19th Party Congress.
China maintains that its Belt and Road Initiative is an economic initiative that will benefit Southeast Asia, but more transparency is needed if its projects are to succeed in the region.
New Delhi’s current challenge is not about undoing Beijing’s new economic weight in the region. It is about building on its own natural geo-economic advantages in the region.