Tag: Belt and Road Initiative

The huge port under construction in Colombo straddles the world's busiest east-west shipping route and also gives a strategic foothold to China in a region long dominated by India

China Insists Aid to Pacific Nations Is Not a Political Power Play

China’s Foreign Ministry issued a statement on Friday denying allegations that its financial assistance programs for Pacific nations are an effort to buy political influence and muscle out regional competitors, especially Taiwan. The Foreign Ministry insisted China’s $5.9 billion in pledged foreign aid comes with no strings attached.

Debt-fuelled investment in infrastructure and real estate has underpinned China's growth for years but Beijing has launched a crackdown over fears of a potential financial crisis

Chinese State Media Warns U.S. Against ‘Power Games’ in Indo-Pacific

China’s state-run Global Times did not enjoy Secretary of State Mike Pompeo’s speech to the Indo-Pacific Business Forum on Monday.  A Tuesday editorial by the communist paper responded by accusing the United States of playing “power games” in the Indo-Pacific region.

PODGORICA (Reuters) - Perched atop massive cement pillars that tower above Montenegro’s picturesque Moraca river canyon, scores of Chinese workers are building a state-of-the-art highway through some of the roughest terrain in southern Europe.

China’s Debt Imperialism Behind Montenegro’s ‘Highway to Nowhere’

Chinese companies are hard at work on building a road through the mountains to connect Montenegro’s port city of Bar with Serbia. The project is incredibly expensive, leaving Montenegro struggling to pay off titanic debt to Chinese financiers. Critics call it another example of Chinese debt imperialism: the slow-motion conquest of smaller countries through the “Belt and Road” infrastructure initiative by suckering them into taking loans from Beijing they will never be able to repay.

The latest visit by a North Korean delegation comes after Kim Jong Un made two trips over the border to see Xi Jinping

China Wants North Korea to Join ‘Belt and Road’ Project

Soon after President Donald Trump concluded his Tuesday summit with North Korean dictator Kim Jong-un, Chinese media predicted a new golden age of prosperity for Pyongyang and urged it to join China’s massive “Belt and Road” infrastructure project.

Japanese Foreign Minister Taro Kono (L) met Wang Yi when he visited Beijing in January

China Invites Japan to Take Bigger Role in One Belt, One Road Plan

China’s state-run Global Times expressed delight on Sunday with Japan’s growing participation in the “Belt and Road” infrastructure project, through which China hopes to extend economic and political influence from Asia through the Middle East and Europe. The editorial signaled that if the Japanese play ball with Belt and Road, Beijing might even stop referring to them as history’s greatest monsters.