Indonesia has become the latest election battleground for Beijing's soaring economic clout, as the opposition warns pro-China policies are saddling the mineral-rich archipelago with bad debt as it is sold off piecemeal to foreign interests.
The Overseas Private Investment Corporation (OPIC) is set for a revamp, and it is squarely aimed at countering China’s growing geopolitical influence. While the United States (US) government’s development finance institution seems like America’s answer to China’s Belt and Road Initiative (BRI), as they both serve to improve socio-economic development, there are several key differences.
Thailand’s Eastern Economic Corridor (EEC) is slated to become an arterial node for trade, investment, and regional transportation, besides also serving as a strategic gateway to the Southeast Asian region.
While its economic benefits and geopolitical implications are often splashed across the front pages of national newspapers worldwide, the impact of China’s Belt and Road Initiative (BRI) on the environment receives much less attention.
Chinese President Xi Jinping already had plenty of reasons to rethink his grand plan to build railways, ports and other infrastructure across the globe. Malaysia has given him 20 billion more.
China’s ambitious Belt and Road Initiative (BRI) celebrates its fifth anniversary this month. The euphoria that initially followed Chinese President Xi Jinping’s announcement in Kazakhstan and Indonesia has somewhat faded.
China's massive Belt and Road Initiative (BRI) building push may create debt risks but is also responding to major infrastructure gaps in Asia and could boost global trade, World Bank officials say.