Latest Articles about infrastructure
China’s Economy: More Debt than Meets the Eye
Introduction Since the beginning of this year, investment banks and international financial organizations, including the International Monetary Fund and the World Bank, have steadily downgraded their forecasts for the People’s Republic of China’s (PRC) GDP growth in 2022 to around 3.2 percent (Nikkei Asia, October... MORE
The 20th Party Congress and the Future of Elite Politics in China: An Interview with Willy Wo-Lap Lam
It is widely perceived that President Xi Jinping sees China as enmeshed in a broader struggle between an axis of authoritarian powers on the one hand and the U.S. and its allies, a coalition of (largely) liberal democracies on the other. What is driving Xi... MORE
Beijing Makes a Big Long-term Bet on Nuclear Power
Last fall, China suffered extensive power outages due to a combination of surging electricity demand and tight supply. A confluence of factors contributed to the energy supply shortage, but nearly all traced back to China’s struggle to manage its overdependence on coal for power generation:... MORE
Economic Woes Worsen as Support for Xi Jinping’s Leadership Begins to Falter
The relentless cascade of bad economic news in China has not only cast doubt on the governance ability of the Xi Jinping leadership, but has also called into question the long-term viability of the Chinese economic model, which stresses maintaining party-state control of the market... MORE
Will the China-Pakistan Corridor Get a Boost with a New Government in Islamabad?
Introduction On June 10, the Foreign Office in Islamabad received a diplomatic communication from the Pakistani ambassador in Beijing (The News, June 13). China assured Prime Minister (PM) Shehbaz Sharif, who replaced former PM Imran Khan in April, that it is eager to work with... MORE
Azerbaijan’s Latest Steps Toward Becoming a Regional Digital Hub
After implementing a number of trans-Eurasian energy and logistics mega-projects, such as the Baku–Tbilisi–Ceyhan oil pipeline, Southern Gas Corridor and Trans-Caspian International Transportation Route, Azerbaijan has also strategically committed itself to policies designed to turn the South Caucasus country into a regional digital hub (see... MORE
China and Sri Lanka’s Debt Crisis: Belt and Road Initiative Blowback
Introduction Sri Lanka is in the grip of an unprecedented crisis. For several months, the country has been reeling under a severe foreign exchange crisis. In early May, Foreign Minister Ali Sabry said that its usable forex reserves were just $50 million (Daily News, May... MORE
Xi Jinping Revives Pro-market Policies to Bolster Economy Ahead of 20th Party Congress
Are President Xi Jinping’s recent turn to liberalized measures on technology firms and his commitment to using infrastructure projects to boost the economy an indication that the supreme leader has adopted a relatively pro-market approach to policymaking? At a late April Politburo meeting, Xi, who... MORE
China and the Ongoing Political Crisis in Pakistan
Introduction The People’s Republic of China (PRC) is closely monitoring the rapidly developing political crisis in Pakistan. The current upheaval stems from the introduction in Parliament of a no-confidence vote against Prime Minister Imran Khan, and his subsequent allegation that the motion is due to... MORE
China and Pakistan: Strains in the All-Weather Partnership?
Introduction China and Pakistan have formally launched Phase II of the China Pakistan Economic Corridor (CPEC), a flagship venture in China’s ambitious Belt and Road Initiative (BRI). During Pakistani Prime Minister Imran Khan’s visit to Beijing on February 3-6 for the Winter Olympics, the two... MORE