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Chinese President Xi Jinping and Indian Prime Minister Narendra Modi are meeting on October 11, 2019. The summit in Mamallapuram, India, is a chance to work through the recent strains in the two countries’ relationship.
China’s economy faces uncertainty and choppy waters in the years ahead, a trend that the trade conflict with the United States seems likely to deepen.
Since the founding of the People’s Republic of China, the relationship between the two superpowers has been transformed.
How has Beijing’s approach to multilateral institutions evolved in the seventy years since the founding of the People’s Republic of China?
Historically, China has forged its own distinctive foreign aid practices. In March 2018, Beijing established the China International Development Cooperation Agency (CIDCA) to integrate and streamline its development aid programs.
The CIDCA’s highly ambitious agenda is a clear sign that, after years of considerable growth in China’s development finance, the underlying bureaucratic system is now beginning to mature. Yet key questions remain unanswered.
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.
In threatening to restrict the export of rare earth metals to the United States, China wants to demonstrate that it has leverage over the United States and an ability to respond with commensurate countermeasures if the need arises.
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.