Les entreprises étrangères peuvent-elles tirer profit des projets d'infrastructure chinois à l'étranger ? Ont-elles besoin d'un soutien politique pour y parvenir ? Ces deux questions irriguent les débats en matière de coopération dans les marchés tiers, débats qui ont lieu dans plusieurs capitales et dans de nombreux sièges d'entreprises. La Chine a signé des accords de coopération marchés tiers avec la France, les Pays-Bas, la Belgique, l'Espagne, l'Autriche, le Japon, Singapour et l'Australie. Néanmoins, ces accords n'ont jusqu’à présent rien changé de fondamental au fait que les projets d'infrastructure chinois offrent peu d'opportunités aux entreprises étrangères. Un rapport du Center for Strategic & International Studies (CSIS) daté de janvier 2018 indiquait que, parmi les projets connus dans le cadre des nouvelles routes de la soie, seuls 3,4 % impliquaient la participation d'entreprises étrangères "tierces". En dépit de l’absence de statistiques consolidées à jour, les informations disponibles suggèrent que rien n'a fondamentalement changé depuis janvier 2018...

On Richard T. Griffiths’s book, Revitalising the Silk Road: China’s Belt and Road Initiative, Leiden, HIPE Publication, 2017.

- China’s investment and construction around the world plunged in the first half of 2019 and is unlikely to return to 2016–17 levels in the foreseeable future. The principal cause is fewer large transactions by state-owned enterprises. These firms rely on foreign currency provided by Beijing for global activities, and hard currency may be rationed indefinitely.- There are brighter spots. The raw number of investments held up better than transaction size. The private share of China’s global investment climbed, and the greenfield share rose sharply. Investment in the Belt and Road Initiative outperformed that in traditionally favored rich economies such as Australia.- Chinese investment in the US has been minor in size for two years. Policymakers should shift focus from screening to unwanted activity by Chinese firms, including intellectual property theft and other criminal acts. Enforcement targeting specific firms is superior to tariffs but should go beyond largely empty steps taken to date.

President of the People’s Republic of China Xi Jinping and President of the United States Donald Trump met on the sidelines of the G20 Summit in Osaka on June 29 to discuss the resumption of trade and economic talks between the two countries. The United States also promised that it would not introduce additional tariffs on Chinese goods. The world collectively breathed a sigh of relief, as the trade war between the world’s two largest economies is fraught with serious risks for global economic growth...

China’s presence in Africa is steadily on the rise. One of the key channels through which China is influencing Africa’s economy is investment, particularly through its Belt and Road Initiative. Europe has traditionally been the largest investor in Africa, and the rise of Chinese investments is challenging the status quo. This panel discussion, chaired by Bruegel’s Deputy Director Maria Demertzis, reviewed the key traits of Chinese investment in Africa, both geographically and sector-wise, and its impact on European investors in the African region.

In early June, Prime Minister Imran Khan agreed to Pakistan’s thirteenth IMF bailout in the last thirty years. Facing a balance of payments crisis and foreign exchange reserves insufficient to cover even three months of imports, Pakistan will assume austerity measures in order to receive $6 billion of rescue funds from the international lender. Khan, who once declared that he “prefer[red] death to the begging bowl,” now finds himself dependent on external financing to fulfill the lofty development goals on which he campaigned in 2018.Perhaps the biggest target of austerity is the China-Pakistan Economic Corridor (CPEC), originally a $62 billion series of infrastructure projects aimed at improving Pakistan’s transport and energy infrastructure. Once viewed as Pakistan’s great hope for job creation and economic development, this leg of China’s Belt and Road Initiative (BRI) is subject to an estimated 60 percent spending cut in Pakistan’s latest budget...

There are a number of easy myths to dispel about China’s Belt and Road Initiative. It’s worth trillions — false. China is buying up the participating countries — if so, only in self-defeating fashion. The Belt and Road Initiative (BRI) is primarily about transportation — reasonable but still mostly wrong.Perhaps the most important mistake is that the BRI represents a growing Chinese footprint globally. It did in 2016, not now. More countries are joining the BRI in name but the extent of activity is shrinking. Moreover, inadequate foreign currency reserves means Beijing will be hard pressed to keep the BRI afloat as a global commercial effort. It is therefore likely to devolve toward a talk shop with substantial resources assigned only to a small set of priority countries.

Climate change is the battle of the century. According to a 2018 Intergovernmental Panel on Climate Change special report, the global temperature rise will likely 1.5°C as early as 2030. We may only have 12 years to act decisively in order to avoid catastrophic impacts on the planet and human beings...

The relationship between China and the world now is changing. The McKinsey Global Institute’s (MGI) new China-World Exposure Index shows that the world’s relative exposure to China has increased, while China’s to the world has fallen. Accompanying this shifting exposure are the signs of stresses in the relationship. Trade disputes are making daily headlines, new rules are emerging to evaluate technology flows, protectionism is on the rise, and geopolitical tensions are becoming more heated. The way ahead is uncertain. Could we be at peak integration between China and the world after the years of deepening ties? Conversely, what opportunities could more engagement offer? What value could be at stake for all players?

An Israeli analyst shares observations from an intensive round of discussions with senior Chinese military, diplomatic, and academic officials.

Hi, I'm Devin Stewart here at Carnegie Council in New York City. I'm here with Giulio Pugliese. He is a visiting scholar at the Reischauer Center at the Johns Hopkins School of Advanced International Studies (SAIS) in Washington, DC...

China’s rise from a poor developing country to a major economic power in about four decades has been spectacular. From 1979(when economic reforms began) to 2017, China’s real gross domestic product (GDP) grew at an average annual rate of nearly10%.1According to the World Bank, China has “experiencedthe fastest sustained expansion by a major economy in history—and has lifted more than 800 million people out of poverty.”2China has emerged as a major global economic power. For example, it ranks first in terms of economic sizeon a purchasing power parity (PPP) basis, value-added manufacturing, merchandise trade, and holder of foreign exchange reserves...

As China seeks to improve the Belt and Road Initiative (BRI) in response to criticisms, Southeast Asia could tap growth opportunities by leveraging on the strengths of BRI-linked countries such as in finance, partnerships, negotiations and economic development.

The World Bank just released a report on the economics of China’sBelt and Road Initiative (BRI). It provides estimates of the potential of Belt and Road transport corridors for enhancing trade, foreign investment, and living conditions for people in the countries that they connect. The report also tries to answer an important question: What happens to the internal geography of countries when they increase connections with others?

For each bold move abroad, from the Belt and Road Initiative to island building, China seems confronted with new vulnerabilities at home, including the ongoing protests in Hong Kong. Jessica Chen Weiss, author of an intriguing new essay in Foreign Affairs, and Ali Wyne of the Rand Corporation join Deep Dish to discuss what is intrinsic and what is incidental to Beijing’s ambitions.

From Convergence to Competition - The purpose of this paper is to analyze how China’s new power is reaching Europe, the challenges that it poses, and the European responses to this new reality. This process has to be examined in the context of the current strategic competition between China and the U.S. and its reflection on the transatlantic relationship...

North Africa is expected to become home to some massive infrastructural projects, including Morocco’s Tangier Med Port and Egypt’s new administrative capital, after all of the countries in the region signed up to China’s Belt and Road Initiative (BRI). While much has been written about the physical infrastructure under the BRI umbrella, China’s ambition to extend its digital footprint in North Africa has received far less attention despite the significant economic, political and strategic implications.

With the emergence of the Indo-Pacific region as an expanded theatre of U.S.-China rivalry epitomized in the call by Washington for a Free and Open Indo-Pacific andChina’s Belt and Road Initiative, Indonesia has taken the ASEAN lead in developing a framework to lessen regional tensions and to promote cooperation.

In January 2018, the Chinese Communist Party put forward a Central Committee Opinion developing the idea for creating a Chinese international commercial court, aimed at servicing Belt and Road Initiative (BRI) disputes. Six months later, two Chinese International Commercial Courts (CICC) were established to deal with maritime and overland trade cases with minimum claims of approximately 44.5 million USD. These courts are a logical step for securing China’s interests in light of the estimated five trillion USD of BRI investment, which has been on very rocky waters. Multiple BRI-related cases have already taken place in various international courts, and more can be expected.

China is working overtime to shore up the reputation of its ambitious Belt and Road Initiative (BRI).Perhaps most notably, the China Communications Construction Company (CCCC) was contracted to offer infrastructure support at the Italian ports of Trieste and Genoa.Arguably more problematic is the prospect that Italy’s decision could ease the pressure on Beijing to reform the initiative.

This week, 3 CSIS experts discuss the Belt and Road Initiative (BRI), China’s global strategy to be at the center of global economics through infrastructure, trade, and energy projects. In the years since BRI was launched, definitions and expectations for BRI projects and financing have changed. In April, over 3 dozen countries met in China for the second Belt and Road summit, which was posed answer some of the new project concerns which have arisen, including local impacts, environmental concerns, debt, and lack of transparency.

The Kunming-Vientiane (K-V) railway, part of the Kunming-Singapore multi-country rail network (or “Pan-Asia Railway”), is an anchor investment of the Chinese government’s Belt and Road initiative (BRI). This case study will assess the rail project along four dimensions: economic implications; procurement arrangements; labor; and environmental and social safeguards. In each of these areas, evidence from the railway project suggests that Chinese policy and practice could be better aligned with the practices of other sources of multilateral and bilateral development finance. Where the project’s standards are broadly aligned, at least in principle, there is nonetheless reason to believe that China’s approach carries heightened risks given the overall scale of financing...

Energy projects have always been a major part of China’s Belt and Road Initiative (BRI) infrastructure mega-plan for Eurasia. The enormity of that plan was on display at the BRI Forum last month, where an official report was released estimating that energy investments in BRI countries would add up to $27 trillion by 2050, with $7 trillion alone going to power grid construction, and over 200 million new jobs created in the process.

Since it began five years ago, the Belt and Road Initiative (BRI) has sunk hundreds of billions into port, railway and power projects stretching from south-east Asia to central Europe. But its path has been bumpy, drawing sharp criticism over the ruinous debts that some countries have racked up amid Chinese largesse...