updated Wed. August 28, 2024
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Inquirer.net
March 9, 2018
The Philippine and Chinese governments are set to sign by midyear the loan agreements for the three big-ticket infrastructure projects to be financed by the mainland. Finance Assistant Secretary Maria Edita Z. Tan told reporters that for the Metropolitan Waterworks and Sewerage System's P10.9-billionÃâà...
The Economist
March 9, 2018
China makes no secret of its interest in the Indian Ocean, which contains vital sea lanes along which a large share of its imports and exports pass. It has not been shy about trying to curry favour with littoral and island states through its Belt and Road Initiative, a massive project to invest in infrastructure alongÃâà...
The Economist
March 9, 2018
Almost five years ago, at a more obscure institution of higher learning, Nazarbayev University in Kazakhstan, China's president, Xi Jinping, outlined his own vision of economic beneficence. The Belt and Road Initiative (BRI), as it has become known, aims to sprinkle infrastructure, trade and fellow-feeling onÃâà...
Quartz
March 8, 2018
“Chinese investment does have the potential to address Africa's infrastructure gap, but its approach has led to mounting debt and few, if any, jobs in most countries,” he added. Some call this “debt-trap diplomacy“: Offer the honey of cheap infrastructure loans, with the sting of default coming if smallerÃâà...
Business Insider
March 7, 2018
The Philippines is close to accepting Chinese loans that are up to 1,100% more expensive than those from Japan, in another instance of China's debt-trap diplomacy. The loans from China, which will be used to fast-track infrastructure projects including a dam, railway project, and irrigation system, come with an interest rateÃâà...
Scientific American (blog)
March 7, 2018
The Chinese-built Matiari-Lahore power line is one of the inaugural projects of the China-Pakistan Economic Corridor (CPEC), a series of Beijing-led infrastructure projects meant to modernize Pakistan and bring it into China's sphere of influence. CPEC will provide $62 billion worth of infrastructure toÃâà...
ThePrint
March 6, 2018
China's track record managing debt distress has been problematic. It has not signed on to a binding set of rules of the road to avoid unsustainable lending and addressing debt problems. China's Belt and Road Initiative – which plans to invest as much as $8 trillion in infrastructure projects across Europe,Ãâà...
CNBC
March 5, 2018
According to the think tank, these eight countries highlighted would see their levels of external debt owed to China and its bank rise "sometimes dramatically," thanks to the Belt and Road scheme, which plans to invest as much as $8 trillion in infrastructure projects across Asia, Europe and Africa. Pakistan isÃâà...
South China Morning Post
March 1, 2018
In her second warning in a fortnight against China's interference in Europe, German Chancellor Angela Merkel said on Tuesday that EU member states involved in Chinese infrastructure projects should maintain the bloc's foreign policy stand on China. “Otherwise the EU would be allowing itself to beÃâà...
The News International (blog)
March 1, 2018
New York: Elon Musk, the CEO of SpaceX, has said that China's progress in advanced infrastructure is more than 100 times faster than the United States. Elon said this in a tweet while sharing a story of Independent titled, “Chinese workers build railway station in just nine hours.” According to the report,Ãâà...
Xinhua
March 1, 2018
DHAKA, Feb. 28 (Xinhua) -- Bangladesh is in need of more Chinese support to build its digital infrastructure, a minister has said. The country's Telecommunication and ICT Minister Mustafa Jabbar told Xinhua recently that "We have priorities for building digital Bangladesh. If you ask me, my priorities areÃâà...
Business Insider
March 1, 2018
China is using a recent tweet from Elon Musk as a propaganda tool to promote its infrastructure development. On Tuesday, Musk tweeted a story about 1,500 workers in China who upgraded a railway station in nine hours. He captioned the tweet: "China's progress in advanced infrastructure is more thanÃâà...
Economic Times
March 1, 2018
The AIIB, a multilateral investment bank proposed by China that started operations in 2016, has already approved funding for roughly $1 billion worth of projects in India and considering around $1 billion more. That includes a $200 million investment in New Delhi's National Infrastructure Investment Fund,Ãâà...
Xinhua
February 28, 2018
DUBAI, Feb. 27 (Xinhua) -- Panama's President Juan Carlos Varela said here on Tuesday that his country and China will be connected not only through ports and infrastructure, but also through people-to-people ties. He spoke to Xinhua on the sidelines of the ongoing two-day Global Business Forum onÃâà...
Center for Research on Globalization
February 28, 2018
“One Belt, One Road,” China's $1 trillion infrastructure initiative, is a massive undertaking of highways, pipelines, transmission lines, ports, power stations, fiber optics, and railroads connecting China to Central Asia, Europe and Africa. According to Dan Slane, a former advisor in President Trump's transitionÃâà...
Markets Insider
December 31, 1999
China is using a recent tweet from Elon Musk as a propaganda tool to promote its infrastructure development. On Tuesday, Musk tweeted a story about 1,500 workers in China who upgraded a railway station in nine hours. He captioned the tweet: "China's progress in advanced infrastructure is more thanÃâà...
Truth-Out
December 31, 1999
"One Belt, One Road," China's $1 trillion infrastructure initiative is a massive undertaking of highways, pipelines, transmission lines, ports, power stations, fiber optics, and railroads connecting China to Central Asia, Europe and Africa. According to Dan Slane, a former advisor in President Trump's transitionÃâà...
CNNMoney
December 31, 1999
"China's progress in advanced infrastructure is more than 100 times faster than the US," he wrote Tuesday. That was propaganda gold for Xinhua, China's official news agency, which published articles in Chinese and English on Wednesday declaring that Musk was "amazed" by the rail project. Other bigÃâà...
CNNMoney
December 31, 1999
Experts say the US and its allies are worried that China is using the program to expand its influence and limit other countries' cooperation with the West. "Their biggest concern is that Belt and Road is a means of cementing Chinese economic hegemony," said Harsh Pant, an international relations professorÃâà...
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