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.
In Washington, there is no longer widespread support for engagement with China, while in Beijing, debates over the role of the state in the economy, driven by a fear of falling into the middle-income trap, are limiting progress in implementing economic reforms.
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.
President Trump’s use of tariffs has hardened Chinese views and limited Beijing’s ability to make concessions, even if they are in China’s self-interest, without appearing weak.
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 this episode, Paul Haenle spoke with Evan Medeiros, former special assistant to the president and senior director for Asian affairs at the National Security Council, on escalating tensions between Japan and South Korea and the implications for the United States and China.