Dear USCBC members interested in the Belt and Road Initiative,
In the past few months, the Belt and Road Initiative (BRI) has seen several developments, most notably in the form of growing US and allied efforts to create alternatives. The Biden administration’s Build Back Better World initiative and the European Union’s Global Gateway both aim to create more infrastructure investment—through state channels and by encouraging private investment—that offer better transparency,...
Dear USCBC members interested in the Belt and Road Initiative,
In the past few months, the Belt and Road Initiative (BRI) has seen several developments, including a report addressing issues of forced labor on BRI projects, a halt to the funding of overseas coal projects in the first half of the year, some updates from the competitor Blue Dot Network, and more.
As always, if you have any questions, comments, or concerns, please don’t hesitate to reach out.
Sincerely,...
Dear USCBC members interested in the Belt and Road Initiative,
The past few months in Belt and Road Initiative (BRI) news have included updates from competitor programs, some clues about how serious Beijing’s plans to “green” the BRI might be, and a look into the details of China’s debt contracts with foreign governments.
As always, if you have any questions, comments, or concerns, please don’t hesitate to reach out.
Sincerely,
Ian Hutchinson Manager – Digital...Dear USCBC members interested in the Belt and Road Initiative,
The past year for the Belt and Road Initiative (BRI) has been marked by a deceleration of activity due to a range of issues, COVID-19 not least among them. In this update, we dig into the new Biden team and what its members might tell us about a US reaction to the BRI, how vaccines and their distribution are playing out in participant countries, and how climate change awareness is shaping—and will shape—the BRI moving...
Dear USCBC members interested in the Belt and Road Initiative,
The past few months have seen several developments in China’s Belt and Road Initiative (BRI) as well as some US actions that seem to be seeking to curtail the program. The United States has added some Chinese companies that are deeply involved in the BRI to the Entity List, while USAID has kicked off a new program to persuade developing countries—some along the BRI—to eschew Chinese telecom hardware in favor of Western...
Dear USCBC members interested in the Belt and Road Initiative,
With the economic impact of COVID-19 hitting both China and BRI countries, the theme of debt relief unsurprisingly headlines this update. Despite initially bristling at the idea of outright cancellation of loans or principals, Beijing has suspended debt payments for 77 developing countries. In other news, snarled air and sea freight lines have led to an uptick in interest in rail shipments, and the balance of environmental...
Dear USCBC members interested in the Belt and Road Initiative,
COVID-19 has had an impact on virtually everyone’s operations in some way or another, Belt and Road Initiative (BRI) projects certainly among them. Below, you’ll find a roundup of some of those impacts, along with news on the Blue Dot Network, a US quasi-alternative to the BRI.
As always, if you have any questions about BRI and how it impacts your company, don’t hesitate to reach out. Beyond that, if there is any...
Dear USCBC Members interested in the Belt and Road Initiative,
In our ongoing coverage of the Belt and Road Initiative (BRI), we’ve collected some of the most important stories from the last two months that are shaping BRI. There’s a mix of stories; some are good developments for China’s BRI efforts, some are bad for the Belt and Road, and others are just interesting or ambiguous. Please note that I make these classifications for ease of reading, not because their...
Dear USCBC Members interested in the Belt and Road Initiative,
In our ongoing coverage of the Belt and Road Initiative (BRI), we’ve collected some of the most important stories from the last two months that are shaping BRI. There’s a mix of stories; some are good, and some are bad for the Belt and Road. Please note that I make these classifications just for ease of reading, not because their classification is ironclad in my opinion, so you can take them with a grain of salt. I would...
Dear USCBC Members interested in the Belt and Road Initiative,
In our ongoing coverage of the Belt and Road Initiative (BRI), we’ve collected some of the most important stories from the last two months that are shaping BRI. There’s a mix of stories; some are good for the initiative, some bad, and the rest are up for debate.
The Good The Bad The DebatablePlease let us know if you have any questions on this topic or anything else—we welcome any...
Dear USCBC Members interested in the Belt and Road Initiative,
In our ongoing coverage of the Belt and Road Initiative (BRI), we’ve collected some of the most important stories from the last two months that are shaping BRI. Please let us know if you have any questions on the topic or anything else—we welcome any and all feedback as we expand our coverage of this important aspect of China’s foreign policy and how it affects your businesses.
...
Dear USCBC Members interested in the Belt and Road Initiative,
As the Belt and Road Initiative (BRI) marks its fifth year, economic and political changes in participant countries have forced the evolution of Xi Jinping's globe-spanning plan. Elections in the Maldives and Sierra Leone are putting some projects in doubt or outright cancellation. Meanwhile, other countries like Angola are still meeting with Chinese officials and inking new deals. The European Union announced a new plan...
Dear USCBC Members interested in the Belt and Road Initiative,
The past few months have seen several developments from the Belt and Road. While some projects have failed to materialize or have collapsed, Xi Jinping took a tour of Africa to sign a spate of new deals on the continent. The development of new courts signals the long-term aspirations for the BRI, while new satellites and potential Japanese cooperation keep BRI moving forward.
Please let us know if you have any...
Background: Funding Sources for BRI Projects
China’s Belt and Road Initiative (BRI) comes with a massive price tag (with estimates anywhere from tens of billion to 5 trillion dollars in projects), so where is all of that money coming from? Many BRI projects are funded through three Chinese state-affiliated sources: the Silk Road Fund, China Development Bank, and the Export and Import Bank of China. The Asian Infrastructure Investment Bank (AIIB) and New Development Bank, both founded...
As China marks the fifth year of its Belt and Road Initiative, also known as One Belt One Road, the US-China Business Council is launching a quarterly industry update on developments, projects, and useful information for companies interested in the issue.
China’s Belt and Road Initiative, started in 2013, encompasses projects spanning Africa, Europe, the Middle East, and Southeast Asia, and totalling...