CONTENTS: Blog post: ‘Build Back Better World’, the US-copy of BRI / News: European bailout for Montenegro / Call for boycott of Myanmar’s jade industry // Readings: Chinese Foreign Direct Investment in Europe in 2020 / Chinas technological influence in Southeast Asia through the Digital Silk Road / Environmental Authoritarianism: Review of ‘China goes green’ by Yifei Li and Judith Shapiro.
Tag Archives: Debt
My borrowers, your borrowers
The narrative of Chinese “debt diplomacy” is rather simplistic: Lending by state-owned banks is not transparent, encourages corruption, and serves primarily Chinese corporations, it goes. This would lead inevitably into a debt trap. It appears as if Beijing’s policy is fundamentally different from the practices of international financial institutions, governments of Western industrialized countries or large commercial banks.
Pakistan: Fraternal controversy
„China and Pakistan fall out over Belt and Road frameworks,” trumpeted the Japanese business publication Nikkei Asia on January 19. There is no secret about the exasperation, even alarm, regarding what President Xi Jinping once called “brotherly” Sino-Pakistani cooperation in general and the China Pakistan Economic Corridor project in particular. This probably raised some hopeful expectations in New Delhi.
China’s Chernobyl?
The Corona crisis may well be “China’s Chernobyl”, suggested a columnist in the journal ‘The Diplomat’. Will China face a similar fate as the Soviet Union did five years after the nuclear disaster in the Ukraine? The Corona crisis is a serious challenge for the Beijing government. It is jeopardising its ambitions to transform the People’s Republic into a full-fledged world power by 2049, the 100th anniversary of its founding.