China’s Empire of Money Is Reshaping Global Trade

Bloomberg Markets
Bloomberg
China is building a very 21st century empire—one where trade and debt lead the way, not armadas and boots on the ground. If President Xi Jinping’s ambitions become a reality, Beijing will cement its position at the center of a new world economic...

Conversation

02.05.18

Is the Belt and Road Anti-Democratic?

Nadège Rolland, Tim Summers & more
During her visit to Beijing, Shanghai, and Wuhan January 31-February 2, Prime Minister Theresa May attempted to improve her country’s trade relations with China—an increasingly important partner for the post-Brexit United Kingdom. And yet, May was...

Books

07.06.17

China’s Asian Dream

Tom Miller
“China,” Napoleon once remarked, “is a sleeping lion. Let her sleep, for when she wakes she will shake the world.” In 2014, President Xi Jinping triumphantly declared that the lion had awoken. Under his leadership, China is pursuing a dream to restore its historical position as the dominant power in Asia.From the Mekong River Basin to the Central Asian steppe, China is flexing its economic muscles for strategic ends. By setting up new regional financial institutions, Beijing is challenging the post-World War II order established under the watchful eye of Washington. And by funding and building roads, railways, ports, and power lines—a New Silk Road across Eurasia and through the South China Sea and Indian Ocean—China aims to draw its neighbors ever tighter into its embrace.Combining a geopolitical overview with on-the-ground reportage from a dozen countries, China’s Asian Dream offers a fresh perspective on one of the most important questions of our time: what does China’s rise mean for the future of Asia. —Zed Books{chop}

Environment

06.30.17

Can the AIIB Support Asia’s Energy Revolution?

from chinadialogue
The Asian Infrastructure Investment Bank (AIIB), headquartered in Beijing, held its second annual meeting on the Korean island of Jeju last week. Korea is currently positioning Jeju as a zero-carbon tourist destination, so the choice of location...

Unless China Changes Tack, India Won’t Be the Only Country Opposing One Belt, One Road

Harsh V Pant
Quartz
India said about OBOR that “no country can accept a project that ignores its core concerns on sovereignty and territorial integrity.”

China’s Silk Road Project Shows Putin Needs Xi Way More Than Trump

Kenneth Rapoza
Forbes
There are more U.S. multinationals in Russia than there are Russian multinationals in the U.S.. Moscow and Beijing are nowhere near as close as Beijing is to Washington, but Russia stands more to gain by the Silk Road than the U.S. if not for...

Who Will Pay for China’s New Silk Road?

Wendy Wu
South China Morning Post
According to an estimate by the Asian Development Bank, there is a funding gap of US$26 trillion for the infrastructure projects that will be required in Asia by 2030. China’s “Belt and Road Initiative” is designed to help meet this shortfall, but...

China’s Undeserved Reputation for Building Bad Infrastructure in Africa

Eric Olander, Cobus van Staden & more
The Chinese build more infrastructure than any other country (foreign or African) in Africa. Chinese banks are financing billions of dollars in new loans, aid packages, and other deals to build badly-needed infrastructure across the continent, and...

Environment

08.11.16

China-Led Development Bank Careful to Cooperate with Critics

from chinadialogue
The Asian Infrastructure Development Bank (AIIB) unveiled its initial batch of projects at its first annual meeting in Beijing in June, giving the go-ahead to investments totaling U.S.$509 million (3.4 billion yuan) and providing an important...

Environment

07.06.16

China-Backed Hydropower Project Could Disturb a Sensitive Siberian Ecosystem

from Rivers without Boundaries
Lake Baikal contains 20 percent of the world’s freshwater resources and affects the regional climate of North Asia and the Arctic Basin. The lake is home to 2,500 aquatic species and local communities in Mongolia and Russia revere the lake as the “...

Infographics

06.30.16

Visualizing China’s Aid to Africa

Eva Constantaras
In June of last year, 50 countries signed on to the Chinese-led Asian Infrastructure Investment Bank, including the U.K., Germany, Australia, and South Korea, acknowledgement of China’s success in driving development through mega-projects to build...

Conversation

06.24.16

Is Europe Prepared to Deal with the China Challenge?

Mikko Huotari, Jan Weidenfeld & more
Chinese President Xi Jinping is on a grand tour of the western end of the “New Silk Road,” in visits to Serbia and Poland this week before he returns to Beijing via Uzbekistan, a more eastern outpost on China’s expanding 21st Century trade route. Xi...

Viewpoint

01.15.16

China’s New Development Bank Needs Better Human Rights Protections

Nicholas Bequelin
On January 16, the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) will meet in Beijing to formally launch its operations.A symbol of China’s growing clout on the international scene, the AIIB attracted 57 founding members,...

The World — Including China — Is Unprepared for the Rise of China

Lawrence Summers
Wall Street Journal
For the first time in centuries, China affects the global economy as much as it is affected by the global economy

China’s AIIB and OBOR: Ambitions and Challenges

Zhiqun Zhu
Diplomat
The two ambitious projects have become an integral part of Chinese diplomacy.

A Partnership with China to Avoid World War

George Soros from New York Review of Books
International cooperation is in decline both in the political and financial spheres. The U.N. has failed to address any of the major conflicts since the end of the cold war; the 2009 Copenhagen Climate Change Conference left a sour aftertaste; the...

Sinica Podcast

05.04.15

The Furor and the Asian Infrastructure Investment Bank

Kaiser Kuo & Jeremy Goldkorn from Sinica Podcast
A total of 57 countries have now joined the Asian Infrastructure Investment Bank, China’s newly-launched competitor to the Asian Development Bank (AIIB) that has sparked a flurry of objections from the United States, even culminating in a failed...

China, Africa, and the PRC’s Massive New Development Bank

Eric Olander, Cobus van Staden & more
Fifty-seven countries, including two from Africa, are among the founding members of China’s new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank’s primary objective will be to develop infrastructure projects in...

New Asian Development Bank Seen As Sign Of China’s Growing Influence

Jim Zaroli
NPR
Obama worries the new bank will compete with the Western-led World Bank and the International Monetary Fund.

Media

04.02.15

‘Obama Is Sitting Alone at a Bar Drinking a Consolation Beer’

Bethany Allen-Ebrahimian
Danish and Chinese netizens have just shared in a collective guffaw at America’s expense. The online lampoonery came after Denmark announced on March 28 its intent to join the Asian Investment Infrastructure Bank (AIIB), a China-led initiative...

Taiwan’s Rash Decision to Join AIIB

Ricky Yeh
Diplomat
Taiwan’s legislative branch was never able to approve the application or review the evaluation reports and proposals.

How China Plans to Shape New Asian Order

Charles Hutzler
Wall Street Journal
At the center of these efforts is the new Asian Infrastructure Investment Bank and plans for pan-Asian infrastructure .

China Reiterates Openness of AIIB After Shift in US Attitude

Xinhua
The China-proposed AIIB, has an expected initial subscribed capital of $50 billion.

Conversation

03.24.15

What Went Wrong With U.S. Strategy on China’s New Bank and What Should Washington Do Now?

Patrick Chovanec, Zha Daojiong & more
Now that much of Europe has announced its intentions to join the China-led Asian Infrastructure Investment Bank (AIIB), was Washington’s initial opposition a mistake? Assuming the AIIB does get off the ground, what might it mean for future...

China on the World Stage: A Bridge Not Far Enough

Economist
China plans a new bank to help match Asia’s vast savings with its even vaster need for infrastructure.

China Gloats as Europeans Rush to Join Asian Bank

Simon Denyer
Washington Post
Xinhua described the U.S. as “petulant and cynical” for declining to join the Asian Infrastructure Investment Bank.

Caixin Media

12.09.14

With New Fund, China Hits a Silk Road Stride

China's ambitious plan to expand trade links westward into Central Asia in the spirit of the ancient Silk Road is taking shape now that the government has decided to shift foreign currency into a special fund.The State Council will tap the...