Many hailed the informal Wuhan summit between President Xi and Prime Minister Modi last April as the beginning of a new chapter in China-India ties. However, relations between the world’s two most populous countries remain tense.
As China’s presence in the region grows, it will be difficult for Beijing to maintain strong economic ties while avoiding taking sides on political issues. Whether or not it can remain a neutral party is an open question going forward.
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.
It is far too early to declare the “death” of the Belt and Road Initiative. Such assessments are premature, and fail to recognize the importance of the BRI to the leadership in Beijing.
Within the context of the U.S.-China competition for geopolitical influence, how will global governance evolve in the coming decade?
President Trump’s reinvention of American foreign policy has done little to ease conflict in the Middle East. Despite his assertion that ISIS is defeated, the group remains a threat to the region’s stability. China is also starting to deepen its involvement in the region through the BRI.
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.
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.
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.