The Forum on China-Africa Cooperation (FOCAC) was established far earlier than the BRI, and it has become a sophisticated framework for China’s partnerships with African countries. Thus, FOCAC can be a mini-version of multilateral cooperation that aids the implementation of BRI projects.
While the international community focuses its attention on trade, issues related to global production networks and flows of capital are essential to the discussion, which means monetary, investment, and fiscal policy must also be considered.
China has often been accused of practicing “debt-trap diplomacy”—miring supposed partners, particularly developing countries, in unsustainable debt-based relationships. But this is a misreading of the issue, and nowhere is this more apparent than in China’s dealings with Venezuela.
Trade tensions between the U.S. and China continue to escalate, accentuating disagreements on economic policy and fueling competition over emerging technologies.
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.
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.
Four years after recording the first episode of the podcast, U.S. former national security advisor Stephen Hadley joined Paul Haenle again on the 100th episode to discuss how U.S. foreign policy has adapted to new realities in the bilateral relationship amidst a shifting global order.
President Trump’s policies have called into question the United States’ role in the world while China’s economic and political clout grows. What is the future of the U.S.-led order and the implications of a rising China?
Transformations brought about by automation, technology, and artificial intelligence are one of the defining issues of the 21st century. How can China and the United States cooperate on these and other commerce issues?
While China and other significant countries already treat economic power as a core part of their statecraft, there is a disconnect in U.S. grand strategy in linking foreign policy with national economic policies.