Latest Articles about Economic Diplomacy

China and Nicaragua’s Deepening Embrace
In October 2023, Nicaragua signed an agreement with China’s CAMC Engineering Company (中工国际工程) for the reconstruction, expansion, and upgrading of the Punta Huete International Airport (Yicai, October 18). The company is a subsidiary of the conglomerate China National Machinery Industry Corporation (国际集团), also known as... MORE

Challenges For Beijing’s Digital Renminbi Ambitions
Arriving in the midst of an intensifying great power competition between China and the United States, the digital Renminbi (RMB) has been the subject of intense speculation and hype since its launch in October 2020, mostly from observers outside of China who overstate its potential... MORE

Money Alone Is Not Enough: The Future Of The China-Argentina Relationship
Observers assessed the outcome of the first round of Argentina’s presidential elections held on October 22 as good news for the Chinese government (VOA, October 26). Against the odds, Sergio Massa, the Peronist candidate and current minister of economy, emerged on top, despite his overseeing... MORE

Balticconnector Leak Highlights Need for Stronger Coordination in Protecting Critical Infrastructure
On October 8, the Balticconnector natural gas underwater pipeline running between Finland and Estonia was shut down due to significant damage on the portion of the pipeline within Finland’s exclusive economic zone (EEZ). According to preliminary findings from the Finnish National Bureau of Investigation, the... MORE

CPEC at Ten: A Road to Nowhere
2023 marks the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), the flagship project of China's Belt and Road Initiative (BRI). The project was initially thought so significant that it was included as part of China's 13th five-year development plan (NDRC, 2016). However, the decade-long... MORE

Hong Kong: The Keystone in China’s Economic Statecraft
The recent decision by Hong Kong to join China in banning Japanese seafood took many observers by surprise (Reuters, August 23). At first glance, the ban seemed an overblown reaction to Japan's handling of nuclear wastewater, which many international bodies have deemed safe and compliant... MORE

Kazakhstan Cautiously Builds Ties With China
After the mass protests of January 2022, Kazakhstan has sought to distinguish itself from the economic and foreign policy failures of the former Nursultan Nazarbayev administration. In September 2023, Kazakhstani President Kassym-Jomart Tokayev shared his vision to ameliorate Kazakhstan’s “dependence on raw materials, low labor productivity,... MORE

Hungary Reiterates Commitment to Nuclear Cooperation with Russia
On September 11, the Hungarian ambassador to Russia, Norbert Konkoly, declared that Budapest remains fully committed to further cooperation with Moscow on nuclear energy (TASS, September 11). Konkoly’s statement was meant to dispel the rumors that Hungary may replace Russian nuclear fuel for the operating... MORE

Coalitions of the Week: BRICS, ASEAN, the G20
Supreme leader Xi Jinping’s failure to attend the G20 summit in New Delhi this weekend (September 9-10) — thus nullifying the possibility of a meeting with top Western leaders including American counterpart President Joe Biden — is symptomatic of the isolation that China is facing... MORE

A Belt and Road to Nowhere? Italy on the Frontlines of Europe’s Changing Strategy Toward China
Introduction During her tenure as Prime Minister, Giorgia Meloni has been far more active on the international scene than most observers predicted. Within the first ten months of her tenure, she has traveled to capitals across Europe, Asia, and North Africa and has hosted numerous... MORE