21 Mar 2019

China Welcomes Italy Into Its Sphere Of Influence, Unnerving the E.U. and U.S.

Italy is set the become the first G-7 country to join China’s controversial Belt and Road Initiative that comprises numerous large infrastructure projects aimed at uniting East and West, although many Western countries mostly see it as a way for China to increase its geopolitical power across the globe. Even

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28 Jan 2019

Malaysia cancels major BRI project, highlighting complaints about Chinese “dept-trap diplomacy”

Malaysia has cancelled a contact with major Chinese contractor CCCC for the building of a 688km rail project, citing an unaffordable interest rate. Some, including the country’s Prime Minister had noted the undesirable elements of the project, including its funding through a Chinese loan to pay a Chinese contractor using

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26 Oct 2018

Trade with Belt and Road countries exceeds US$860 billion

China’s imports and exports in BRI countries has surpassed $860 billion USD in the first three quarters, up 13.2% from the previous year. Exports to these countries is up 7.7% compared to the previous year, while imports are up 20.9%. Non-financial direct investment in these three quarters stands at nearly

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10 Oct 2018

EU harbors fears about China’s maritime Silk Roads

The EU is not a political entity known for reaching consensus with speed. Its fears over security-related foreign investments, specifically from China, however, have activated debates and movements towards stringent policies. “We are not naive free traders,” stated EU President Jean-Claude Juncker. “Europe must always defend its strategic interests. This

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26 Sep 2018

CCCC: A Chinese Company Reshaping the World Leaves a Troubled Trail

The largest state-owned corporation working on China’s Belt and Road Initiatives has been beset by growing numbers of allegations across its 700+ open projects of fraud, environmental damage, and corruption across Africa, Asia, and even North America. The company was blacklisted by the World Bank in 2009 for fraudulent bidding

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21 Aug 2018

China’s ‘Private Army’ prowls the ‘New Silk Road’

“It has been described as China’s ‘Private Army.’ Fueled by growing demand from domestic companies involved in the multi-trillion-dollar Belt and Road Initiative, independent security groups are expanding in the country. In 2013, there were 4,000-registered firms, employing more than 4.3 million personnel. By 2017, the figure had jumped to

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21 Aug 2018

China is hacking the same countries it trades with

Experts have begun to connect Chinese cyber campaign patterns with its Belt and Road Initiative projects. “If you take that map of the Belt and Road effort you will also find a pattern of cyber operations,” said one former NSA director. “Regional governments along these [Belt and Road] trade routes

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14 Aug 2018

Spending speed bumps hit China’s massive Belt and Road project

“It was always going to be about the numbers. In the first half of 2018, China’s foreign direct investment in the Belt and Road Initiative dropped 15% compared to the same period last year. Spending edged down to US$7.68 billion, which was 12.3% of total FDI from January to June,

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24 Jul 2018

China inks deal with Senegal; BRI now spans Africa

Chinese media has reported that Senegal is the first West African country to sign a Belt and Road cooperation agreement with China. China has already funded a series of infrastructure projects in Senegal. The announcement comes during Chinese President Xi’s highly publicized tour in Africa, his fourth while in office.

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20 Jul 2018

Beijing working to curb ‘zombie’ company problem as they feast on new BRI projects

Embedded within China’s massive state-owned enterprise sector are thousands of “zombie” companies that do not produce enough revenue to pay debts, and are kept afloat by state funding. These companies have driven China’s growing corporate debt problem and the issue has been aggravated by China’s titanic Belt and Road Initiative.

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