Despite the established comprehensive strategic partnership between China and the EU, mutual trust is still lacking.
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?
The original rationale for U.S.-China engagement collapsed following the breakup of the Soviet Union. Since then, successive U.S. administrations have struggled to put forward an enduring foundation for bilateral ties.
Brexit and the continued momentum of populist movements across the continent have rendered the future of the European Union (EU) uncertain. As anti-establishment leaders gain more influence, many observers worry about the direction of European politics.
President Xi Jinping travels to Italy and France this month for his first overseas trip of 2019. His visit comes soon after the European Commission labeled China a “systemic rival” and “economic competitor.”
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.
China has been supportive of a united, stable, and prosperous Europe in its effort to promote a multipolar world order. Even during the EU’s most difficult period during the European debt crisis, China stood by and invested in crucial member states.
Beijing has long been concerned about its exposure to Venezuela’s slow-motion descent into crisis. There’s also a broader story about China’s efforts to promote itself as a leader of international development and South-South ties.
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.