China Struggles with Belt and Road Pushback

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by James M. Dorsey China, in an implicit recognition that at least some of its Belt and Road-related projects risk trapping target countries in debt or fail to meet their needs, has conceded that adjustments may be necessary. “It’s normal… Continue Reading  

Pakistan’s Financial Crisis Puts China’s Belt and Road On The Spot

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by James M. Dorsey Increased Pakistani dependence on China to help it avert resorting to the International Monetary Fund (IMF) to avoid a financial and economic crisis spotlights fears that the terms of Chinese investment in massive Belt and Road-related… Continue Reading  

Commercial terms call into question China’s win-win Belt and Road initiative

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by James M. Dorsey In a rare challenging of Chinese commercial terms that underlie the country’s ambitious Belt and Road initiative, Pakistan and Nepal have withdrawn from two dam-building deals. The withdrawal coincides with mounting questions in Pakistan, a crown… Continue Reading  

Where Hope Becomes Desperation

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by Henry Precht Katmandu, Baltimore, the Mediterranean Sea, Yemen, Syria—it has been a grim week of news from around the globe. If we looked a bit further back for the same kind of dark headlines, we could add the migration of… Continue Reading