Belt and Road Initiative

Kenya Asks World Bank for $740 Million Loan amid Growing China Debts

Kenya’s request this week for a $740 million loan from the World Bank, of which American taxpayers remain the largest stakeholders, has sparked outrage as the African country continues to deny its financial woes and accept gigantic sums of money from China to fuel its role in Beijing’s ambitious Belt and Road Initiative (BR).

Chinese President Xi Jinping (top R) and Kenyan President Uhuru Kenyatta (top L) attend a signing ceremony after their bilateral meeting during the Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on May 15, 2017. / AFP PHOTO / POOL / Etienne …

U.S. and Japan Battle China for Influence in Zimbabwe

The United States on Thursday opened a remarkably large and expensive embassy in Harare, the capital of Zimbabwe, a structure described by the U.S. ambassador as a symbol of America’s commitment to the people of Zimbabwe after decades of sanctions intended to weaken the heinous regime of longtime dictator Robert Mugabe. With help from Japan, the U.S. is competing with China for influence in post-Mugabe Zimbabwe.

Trump hosts Japan PM, five days before summit with Kim

Xi Jinping Promises More Transparent and Sustainable ‘Belt and Road’

Chinese President Xi Jinping addressed the second annual Belt and Road Forum in Beijing on Friday. His speech was covered by Chinese media as triumphant exultation of an astounding international trade and infrastructure project, while foreign reporters heard a series of signals to nervous participants and prospects that the Belt and Road Initiative (BRI) will become more transparent, financially sustainable, and politically neutral in the years ahead.

China's Xi aims to soothe Belt and Road fears