China’s Xi warns West against economic ‘decoupling’
1 year, 2 months ago

China’s Xi warns West against economic ‘decoupling’

Al Jazeera  

The Chinese president praised his Belt and Road Initiative at its 10-year anniversary forum, saying it is the ‘right path forward’. Chinese President Xi Jinping has warned Western states against “decoupling” from his country’s economy, insisting amid declining foreign investment that China’s development should be viewed as not a threat but an asset. “We stand against unilateral sanctions, economic coercion, decoupling, and supply chain disruption,” Xi said, hitting back at perceived Western efforts to hamper China’s growth. Leaders and representatives of over 130 countries are attending the forum, which celebrates the 10-year anniversary of Xi’s ambitious scheme, which he has called the “project of the century.” Prominent guests include Russian President Vladimir Putin, Indonesian President Joko Widodo, Serbian President Aleksandar Vucic, Egyptian Prime Minister Mostafa Madbouly, and Pakistani Prime Minister Anwaar-ul-Haq Kakar. ‘Right path forward’ Going forward, Xi said the Belt and Road Initiative would move towards addressing issues of artificial intelligence and climate change, including through intensified cooperation in “green infrastructure, energy, and transportation”.

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History of this topic

BRI greatly boosts economic potential of involved countries
1 week, 3 days ago

BRI greatly boosts economic potential of involved countries

China Daily  

MOSCOW — Countries participating in the China-proposed Belt and Road Initiative have the opportunity to increase their economic potential significantly, Andrei Ostrovsky, chief researcher of the Institute of Oriental Studies of the Russian Academy of Sciences, said. To implement the initiative, China has promoted the establishment of financial institutions such as the Asian Infrastructure Investment Bank and the Silk Road …

Chinese overcapacity is crushing the global steel industry
1 month ago

Chinese overcapacity is crushing the global steel industry

Live Mint  

Each year China makes as much steel as the rest of the world combined. Last month Nippon Steel, Japan’s biggest steelmaker, called on the government to impose anti-dumping duties on Chinese imports. View Full Image The rich world has experienced surges in Chinese steel exports before, including in 2008 and 2015. Even in America, where hefty tariffs already keep out …

'De-risking' efforts and exercise in futility: China Daily editorial
3 months, 2 weeks ago

'De-risking' efforts and exercise in futility: China Daily editorial

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. By leveraging closer economic ties with India and encouraging greater collaboration between the two sides in areas such as information technology, space exploration and renewable energy, the Biden administration hopes to hold back China's development by reducing its leadership advantages and, by positioning India as an …

China’s inward turn: A path to stability or stagnation?
4 months, 4 weeks ago

China’s inward turn: A path to stability or stagnation?

Firstpost  

China’s obsession with control is backfiring. As its economy sputters, corruption plagues its military, and its global ambitions falter, the cracks in China’s facade are widening The Chinese Communist Party’s third plenary session concluded amidst fervent discourse on self-reliance and national security. While bolstering domestic industries is a key aim, this strategy masks profound economic contradictions and systemic vulnerabilities that …

China’s premier calls on nations to ‘oppose decoupling’ at economic forum
5 months, 4 weeks ago

China’s premier calls on nations to ‘oppose decoupling’ at economic forum

Al Jazeera  

China’s premier has called for countries to “oppose decoupling”, as economic tensions simmer between Beijing and the European Union ahead of the imposition of new tariffs on Chinese electric vehicles. “We should broadly open our minds, work closely together, abandon camp formations, oppose decoupling,” said Li Qiang, China’s second-ranking leader who has been tasked by President Xi Jinping with managing …

West's 'overcapacity' narrative arrogant
6 months, 4 weeks ago

West's 'overcapacity' narrative arrogant

China Daily  

JIN DING/CHINA DAILY The West has been hyping up its ill-advised "overcapacity" narrative again, this time targeting China. However, President Xi Jinping told both Von der Leyen and French President Emmanuel Macron in Paris on May 6 that there is no such thing as "China's overcapacity problem", adding that he hoped EU institutions would develop the right perception about China …

A visit to preserve China’s interests in Europe
7 months ago

A visit to preserve China’s interests in Europe

The Hindu  

The Chinese President Xi Jinping’s first trip to Europe in five years, earlier this month, was carefully constructed as evidenced by his ports of call — France, Serbia and Hungary. Mr. Xi had three goals — to prevent the EU from getting too close to the U.S., to avert a trade standoff with EU and to bolster China’s standing in …

How China is fortifying its economy for war with the West
7 months, 1 week ago

How China is fortifying its economy for war with the West

The Telegraph  

In the frantic weeks that followed Russia’s invasion of Ukraine, China’s most senior officials scrambled to understand the implications that the conflict posed for the Chinese economy. Representatives from every major domestic and foreign bank, including HSBC, were reportedly summoned to an emergency summit where worried officials from the central bank and finance ministry demanded to know what steps could …

Another trade war in the making? China's growth model pushes Beijing into more conflicts with the West
10 months, 3 weeks ago

Another trade war in the making? China's growth model pushes Beijing into more conflicts with the West

The Hindu  

Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making production plant in Germany unless the Government steps in with financial support. Growing alarm over Chinese industrial overcapacity flooding the European Union with cheap products is opening a new front in the West's trade war with …

China’s response to ‘de-risking’ strategy of the west
11 months, 3 weeks ago

China’s response to ‘de-risking’ strategy of the west

Hindustan Times  

The annual parliamentary sittings of China’s National People’s Congress and the Chinese People’s Political Consultative Conference—usually held at the same time—are important political events, with speeches of leaders at the meetings reflecting the country’s policy trajectory. As a new German strategy paper on China noted, “China is simultaneously a partner, competitor and systemic rival.” The paper notes that China is …

China warns against ‘undermining’ Belt and Road plan after Italy withdraws
1 year ago

China warns against ‘undermining’ Belt and Road plan after Italy withdraws

Al Jazeera  

Italy, the only major Western power to have joined China’s global infrastructure initiative, is exiting in 2024. Without addressing Italy directly, China’s Ministry of Foreign Affairs issued a statement on Thursday opposing the “smearing and undermining of cooperation on the joint construction of the Belt and Road”. Foreign policy pillar BRI proposes massive investments in infrastructure such as roads, bridges …

Vantage | How West's 'de-risking' is hurting China, helping India
1 year ago

Vantage | How West's 'de-risking' is hurting China, helping India

Firstpost  

Foreign investors are diversifying their portfolios away from China, exploring alternatives in various sectors In the fast-paced world of international relations, if world leaders were on TikTok, the trending hashtag would undoubtedly be #DeRisk. According to a Reuters report, China’s manufacturing sector unexpectedly contracted in October, with exports shrinking by 6.4 per cent compared to the previous year. Foreign investment …

Experts share views on Belt and Road Initiative
1 year, 2 months ago

Experts share views on Belt and Road Initiative

China Daily  

Security tops agenda from Polish perspective By BOGDAN J. G RALCZYK Ten years ago, Chinese President Xi Jinping came up with the idea of Belt and Road Initiative. Looking from the Central European, or the Polish, perspective, one can describe the current global situation thus: The world right now is different from what it was decades ago; it is more …

The BRI at 10, some hits, many misses
1 year, 2 months ago

The BRI at 10, some hits, many misses

The Hindu  

The Third Belt and Road Forum for International Cooperation that was convened in Beijing, China has put the spotlight back on Chinese President Xi Jinping’s signature initiative. Academic Xue Li likened the BRI to China’s Marshall Plan, stating that it was a gateway for China to transition from a regional power with global influence to a global power with comprehensive …

How China's Belt and Road Initiative is changing after a decade of big projects and big debts
1 year, 2 months ago

How China's Belt and Road Initiative is changing after a decade of big projects and big debts

The Hindu  

China's Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns. Called “One Belt, One Road” in Chinese, the Belt and Road Initiative started as a program for Chinese companies to build transportation, energy and other infrastructure overseas funded by Chinese development bank …

China’s Xi promises open markets and billions in new investments for ‘Belt and Road’ projects
1 year, 2 months ago

China’s Xi promises open markets and billions in new investments for ‘Belt and Road’ projects

Associated Press  

BEIJING — Chinese President Xi Jinping promised foreign companies greater access to China’s huge market and more than $100 billion in new financing for other developing economies as he opened a forum Wednesday on his signature Belt and Road infrastructure initiative. Reiterating Chinese complaints that such moves are meant to limit China’s growth, Xi said that “viewing others’ development as …

'BRI Loans Neither Windfall Nor Alms-Giving': Chinese President Xi Amid Criticism Of Its Flagship Project
1 year, 2 months ago

'BRI Loans Neither Windfall Nor Alms-Giving': Chinese President Xi Amid Criticism Of Its Flagship Project

ABP News  

New Delhi: Amid criticism that China's mega projects turned out to be debt traps for smaller nations, President Xi Jinping on Tuesday saluted the countries that signed up for its flagship project Belt and Road Initiative. Addressing his welcome banquet for guests attending the third Belt and Road Forum for International Cooperation, he said that the loans provided by Beijing …

As China's Belt and Road project turns 10, it's about more than just development
1 year, 2 months ago

As China's Belt and Road project turns 10, it's about more than just development

NPR  

As China's Belt and Road project turns 10, it's about more than just development Enlarge this image toggle caption VCG via Getty Images VCG via Getty Images BEIJING — Representatives from dozens of countries are gathering in Beijing this week to mark the 10th anniversary of China's Belt and Road Initiative, a signature foreign policy initiative for China's leader, Xi …

China Reboots Its Belt and Road Initiative
1 year, 2 months ago

China Reboots Its Belt and Road Initiative

Live Mint  

A decade after its launch, China is trying to revive its sprawling infrastructure program by making it a lot less risky. Between 2013 and 2022, $960 billion of construction and investment deals had been reached between China and BRI participants, according to one estimate by China’s Fudan University. A document published this month by the State Council, China’s cabinet, talked …

China touts its Belt and Road infrastructure lending as an alternative for international development
1 year, 2 months ago

China touts its Belt and Road infrastructure lending as an alternative for international development

Associated Press  

BEIJING — China is touting its 10-year-old Belt and Road Initiative as an alternative model for economic development, releasing a government report that praises the program while glossing over criticism that it has saddled poor countries with too much debt. “On some level, China has added a World Bank to the developing world, and that is no small feat and …

A Decade Down the Belt and Road
1 year, 2 months ago

A Decade Down the Belt and Road

The Diplomat  

When President Xi Jinping launched the Belt and Road Initiative in September 2013, he signaled the dawn of a new era in how China engaged with the world. At home, the BRI must jockey for position in view of other leadership priorities – namely the launch of the more development-centered Global Development Initiative and China’s slowing domestic economy. The first …

US, Chinese economies shouldn't abruptly divorce
1 year, 3 months ago

US, Chinese economies shouldn't abruptly divorce

China Daily  

MA XUEJING/CHINA DAILY The economies of the United States and China together constituted 43 percent of the global economy before the COVID-19 pandemic. The US and China are engaged in a destabilizing trade war while trying to deal with the economic problems caused by the pandemic, The Russia-Ukraine conflict, worldwide instability caused by the sudden 5 percent increase in US …

US, Chinese economies shouldn't abruptly divorce
1 year, 3 months ago

US, Chinese economies shouldn't abruptly divorce

China Daily  

MA XUEJING/CHINA DAILY The economies of the United States and China together constituted 43 percent of the global economy before the COVID-19 pandemic. The US and China are engaged in a destabilizing trade war while trying to deal with the economic problems caused by the pandemic, The Russia-Ukraine conflict, worldwide instability caused by the sudden 5 percent increase in US …

China warns U.S. against 'disastrous' trade curbs
1 year, 3 months ago

China warns U.S. against 'disastrous' trade curbs

The Hindu  

China's premier warned U.S. officials Tuesday that moves to "politicise" trade issues would prove "disastrous" for the global economy, state media reported. In a readout of the meeting, the U.S. Department of Commerce said Ms. Raimondo had "underscored the U.S. commitment to taking actions necessary to U.S. national security," as well as "ensuring fair and transparent treatment of U.S. companies, …

China’s economic troubles mark the end of its geopolitical ascent
1 year, 3 months ago

China’s economic troubles mark the end of its geopolitical ascent

Live Mint  

In the past few weeks, the world has discovered that the Chinese economy has serious problems and might already be in a crisis. As Adam Posen points out in a recent essay in Foreign Affairs, these “trends reflect people’s long-term economic decisions in the aggregate, and they strongly suggest that in China, people and companies are increasingly fearful of losing …

At BRICS, Xi Jinping expects a breakthrough as Chinese economy is in brutal distress
1 year, 4 months ago

At BRICS, Xi Jinping expects a breakthrough as Chinese economy is in brutal distress

India TV News  

The Chinese economy has been facing the worst economic turbulence ever since the country plunged into the COVID-19 crisis in 2020. China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands "broken", a prominent American financial publication has said, noting that signs of trouble extend beyond China's dismal economic data …

Keep shifts in the West’s China consensus under watch
1 year, 4 months ago

Keep shifts in the West’s China consensus under watch

Live Mint  

In this age when geopolitics is in an overdrive, several assumptions of the past about the global order’s evolving nature have fallen by the wayside. Germany unveiled its first ever ‘Strategy on China’ earlier this month, publicly announcing its intent to reduce dependence on China in “critical sectors” such as lithium batteries used in electric cars and elements essential to …

US warned China on western investment after Putin meeting
1 year, 5 months ago

US warned China on western investment after Putin meeting

Firstpost  

Putin and Xi held two days of talks in March with warm words of friendship between China and Russia and joint criticism of the West, but no sign of a diplomatic breakthrough over Ukraine Following his meeting with Vladimir Putin, US President Joe Biden warned Chinese President Xi Jinping to “be careful” since Beijing depends on western investment. “Since Russia …

‘Be careful’: Joe Biden warns China’s Xi Jinping after Putin meeting
1 year, 5 months ago

‘Be careful’: Joe Biden warns China’s Xi Jinping after Putin meeting

Live Mint  

US President Joe Biden told Chinese President Xi Jinping following his meeting with Russia's Vladimir Putin to "be careful" because Beijing relies on Western investment, according to a report published by CNN. There are heightened tensions and pessimism in the US-China relationship over national security issues, including Taiwan, Russia's war in Ukraine, growing US export bans on advanced technologies, and …

Explained | Why is the U.S. shifting its approach to China from decoupling to de-risking?
1 year, 6 months ago

Explained | Why is the U.S. shifting its approach to China from decoupling to de-risking?

The Hindu  

The story so far: The Trump-era focus of the U.S. to decouple from China is being phased out by a new concept. According to the U.S. National Security Advisor Jack Sullivan, “de-risking fundamentally means having resilient, effective supply chains and ensuring we cannot be subjected to the coercion of any other country”. Bringing more nuance into its earlier decoupling approach …

China’s Xi meets Central Asian leaders, calls for trade, energy development
1 year, 7 months ago

China’s Xi meets Central Asian leaders, calls for trade, energy development

Associated Press  

BEIJING — Chinese leader Xi Jinping promised to build more railway and other trade links with Central Asia and proposed jointly developing oil and gas sources at a meeting Friday with the region’s leaders that highlighted Beijing’s growing influence. The two-day China-Central Asia Summit in the western city of Xi’an came as President Joe Biden and other leaders of the …

China and the US are on a slow but sure collision course
1 year, 7 months ago

China and the US are on a slow but sure collision course

Live Mint  

I recently attended the China Development Forum in Beijing, an annual gathering of senior foreign business leaders, academics, former policymakers and top Chinese officials. This year’s conference was the first to be held in person since 2019, and it offered Western observers an opportunity to meet China’s new senior leadership, including new Premier Li Qiang. Li’s joke included an implicit …

China Has a New Vision for Itself: Global Power
1 year, 9 months ago

China Has a New Vision for Itself: Global Power

Live Mint  

Long reluctant to inject itself into conflicts far from its shores, Beijing is showing a new assertiveness as Xi Jinping begins his third term as the country’s head of state, positioning China to draw like-minded countries to its side and to have a greater say on global matters. In Xinjiang, the far western region of China where the U.S. and …

DC Edit | How real is the China threat?
1 year, 9 months ago

DC Edit | How real is the China threat?

Deccan Chronicle  

It may have been rhetoric in a motivational speech to the People’s Liberation Army that lent grim overtones to Chinese President Xi Jinping’s speech ahead of his coronation as President for an unprecedented third term later this week. Furthermore, an US intelligence assessment report virtually prophesies an India-China clash on the LAC leading to a wider conflict and nasty repercussions …

Will the BRI Survive Economic Decoupling?
2 years, 1 month ago

Will the BRI Survive Economic Decoupling?

The Diplomat  

Since 2019, Belt and Road Initiative investments by China have markedly declined. Many have declared this drop to be the end of the BRI, as conflicts in implementing projects have accumulated, tensions with the West rise, and the internal economic situation in China continues to deteriorate. Even in the current moment of deglobalizing trade and accelerating decoupling between China and …

Expert: West must stop demonizing BRI
2 years, 4 months ago

Expert: West must stop demonizing BRI

China Daily  

The US and its Western allies should try to fill the infrastructure gap in developing countries, rather than trying to counter China and the Belt and Road Initiative, said Maya Majueran, director of Belt and Road Initiative Sri Lanka, an independent organization that provides advice on and supports Belt and Road projects. Majueran blamed the United States for accusing China …

Expert: West must stop demonizing BRI
2 years, 4 months ago

Expert: West must stop demonizing BRI

China Daily  

The US and its Western allies should try to fill the infrastructure gap in developing countries, rather than trying to counter China and the Belt and Road Initiative, said Maya Majueran, director of Belt and Road Initiative Sri Lanka, an independent organization that provides advice on and supports Belt and Road projects. Majueran blamed the United States for accusing China …

Explained | The G7’s $600 billion plan to counter China’s Belt and Road Initiative
2 years, 5 months ago

Explained | The G7’s $600 billion plan to counter China’s Belt and Road Initiative

The Hindu  

The story so far: On June 26, U.S. President Joe Biden along with his G7 allies unveiled the ambitious Partnership for Global Infrastructure and Investment, announcing the collective mobilisation of $600 billion by 2027 to deliver “game-changing” and “transparent” infrastructure projects to developing and middle-income countries. The PGII is being seen as the G7’s counter to China’s multi-trillion dollar Belt …

China’s Xi criticizes sanctions at meeting of BRICS nations
2 years, 6 months ago

China’s Xi criticizes sanctions at meeting of BRICS nations

Associated Press  

BEIJING — Chinese President Xi Jinping opened a meeting of leaders of major developing countries on Thursday by saying the world should oppose unilateral sanctions and efforts by some countries to maintain their political and military power. Xi’s remarks at the virtual meeting of the leaders of Brazil, Russia, India, China and South Africa, known collectively as “BRICS,” reflect China’s …

How much influence do the BRICS wield on the world stage?
2 years, 6 months ago

How much influence do the BRICS wield on the world stage?

Al Jazeera  

China warns against expanding military alliances and weaponising economic sanctions. The world’s top five emerging economies – Brazil, Russia, India, China and South Africa, known as BRICS – are holding their annual summit virtually for the third time this year due to the pandemic. The meeting is taking place against a complex geopolitical backdrop, from the war in Ukraine and …

‘Cold War mentality’: China’s Xi denounces ‘abuse of sanctions’
2 years, 6 months ago

‘Cold War mentality’: China’s Xi denounces ‘abuse of sanctions’

Al Jazeera  

At meeting of BRICS nations, Chinese leader says world must move away from US-led hegemony and towards a ‘future of harmony’. Nations need to “reject the Cold War mentality and bloc confrontation, oppose unilateral sanctions and abuse of sanctions, and reject the small circles built around hegemonism by forming one big family belonging to a community with a shared future …

China’s Xi calls on nations to secure global supply chains
2 years, 11 months ago

China’s Xi calls on nations to secure global supply chains

Al Jazeera  

Leader of world’s No. Chinese President Xi Jinping called on nations to secure global supply chains and prevent inflation shocks, as the leader of the world’s No.2 economy seeks a smooth path to clinching a precedent-defying third term in power. “They would present challenges to global economic and financial stability, and developing countries would bear the brunt of it.” On …

China's Xi Jinping sounds alarm over inflation threat to global recovery
2 years, 11 months ago

China's Xi Jinping sounds alarm over inflation threat to global recovery

The Telegraph  

Surging inflation is threatening the global recovery and putting China’s economy under “tremendous pressure”, President Xi Jinping has warned. The leader of the world’s second-biggest economy told the Davos summit that the world is “emerging from the depth, yet it still faces many constraints” after the low inflation backdrop “notably changed”. “If major economies slam on the brakes or take …

China’s Ambitious BRI Faces the Pandemic Challenge
3 years, 3 months ago

China’s Ambitious BRI Faces the Pandemic Challenge

News 18  

The China Way The COVID-19 pandemic is undoubtedly hurting the global economy in a multitude of ways. Countries that had not signed MoUs with China within the BRI framework, witnessed an approximate 70 per cent drop in Chinese investments. On the Asian front, where 70 per cent control of Sri Lanka’s Hambantota port was leased to a Chinese state-owned firm …

China to hold Asia Pacific Ministers meet on Wednesday to discuss BRI projects
3 years, 6 months ago

China to hold Asia Pacific Ministers meet on Wednesday to discuss BRI projects

Live Mint  

Beijing: China has convened a key ministerial conference of Asia Pacific countries on Wednesday to discuss cooperation of its Belt Road Initiative, days after G7 countries headed by the US announced plans to “Build Back Better World" to counter Beijing’s multi-billion-dollar infrastructure development initiative. The Group of Seven comprising the US, Canada, Britain, Germany, Italy, France and Japan at their …

G7 leaders look to counter China's Belt and Road Initiative with rival Build Back Better World scheme
3 years, 6 months ago

G7 leaders look to counter China's Belt and Road Initiative with rival Build Back Better World scheme

ABC  

The Group of Seven richest democracies has sought to counter China's growing influence by offering developing nations an infrastructure plan that could rival President Xi Jinping's multi-trillion-dollar Belt and Road Initiative. Key points: US President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World initiative, will provide a transparent infrastructure partnership Mr Biden …

G7 to counter China’s BRI with big infrastructure project: Senior U.S. official
3 years, 6 months ago

G7 to counter China’s BRI with big infrastructure project: Senior U.S. official

Live Mint  

CARBIS BAY, England: The Group of Seven will seek to rival China’s multi-trillion-dollar Belt and Road initiative on Saturday by announcing a global infrastructure plan to help developing nations, a senior official in U.S. President Joe Biden's administration said. The U.S. official, who spoke to reporters on condition of anonymity, said the United States would also push the other G7 …

Amid US strains, China's Xi warns against 'unilateralism'
3 years, 8 months ago

Amid US strains, China's Xi warns against 'unilateralism'

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese President Xi Jinping …

Biden suggests creating initiative to rival China’s Belt and Road
3 years, 8 months ago

Biden suggests creating initiative to rival China’s Belt and Road

Al Jazeera  

US President Joe Biden says he suggested that democratic countries band together to fund infrastructure in less developed countries during a call with British Prime Minister Boris Johnson. United States President Joe Biden said he suggested to British Prime Minister Boris Johnson in a phone call on Friday that democratic countries should have an infrastructure plan to rival China’s Belt …

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