The narrative that China is engaging in problematic debt trap diplomacy has taken off. But for Sri Lanka and most of China’s other Belt and Road Initiative partners, it is important to understand the history and politics of their relations with Beijing and project selection.
The China International Development Cooperation Agency has been tasked with lofty goals, but near-term expectations must be tempered by lingering questions about how it fits into the country’s existing foreign aid bureaucracy.
Pitched as a new Silk Road sweeping from Asia to Europe, China’s enormous Belt and Road Initiative is an ambitious, multinational infrastructure project. Experts from four Carnegie global centers explain other countries’ perspectives.
Despite the BRI’s prevalence in discussions of China’s global engagement, many experts are divided on how to interpret it. Is it a global strategy or just an interregional initiative? How can countries and international companies participate in its growth and development?
By establishing structural transformation as the China International Development Cooperation Agency’s core objective, Beijing will have an opportunity to take a leadership role in advancing the international development agenda.
U.S. President Donald Trump meets North Korean leader Kim Jong-un in Hanoi this week. What do Washington, Pyongyang, Beijing, and others hope to see accomplished at the summit? Three Carnegie experts weigh in.
President Trump believes he is entering the Hanoi summit having achieved a number of milestones in his “historic push for peace on the Korean Peninsula.” However, this ignores his failure to advance the core issue of denuclearization.
January 2019 marks the fortieth anniversary of the normalization of relations between the People’s Republic of China and the United States. Four Carnegie scholars—two American and two Chinese—assess the relationship today.
The China International Development Cooperation Agency could help China coordinate its aid portfolio more efficiently. But it is more difficult to say whether the new agency will make Chinese aid disbursement and procurement decisionmaking more transparent.
The Taiwan Strait is not at immediate risk of a crisis, but a changing status quo and diminishing trust between Beijing, Taipei, and Washington signal possible trouble ahead.
The international community views the Belt and Road through a zero-sum lens. To succeed, Beijing should focus on its domestic aspirations, international responsibilities, and nonmonetary investments.