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Showing posts from January 17, 2020

As Chinese influence grows, some unsettled but cheques are keeping many shut

LiveMint.com
3 min read.11:15 AM ISTElizabeth RocheChina’s ambitious Belt and Road project, unveiled in 2013, too has had the effect of giving rise to concerns over Beijing’s intentions to entrap countries into a debt trap

By the looks of it, Beijing’s actions over the recent years seem to be pushing many countries away. It has coerced smaller neighbours over the South China Sea maritime dispute, pushed ahead with its ambitious multi-billion dollar Belt and Road Initiative despite concerns of some that it could push some countries into deep debt and its stance of support to Pakistan, seen as a sponsor of terrorism.This week, China seemed isolated standing in Pakistan’s corner after almost all other members of the UN Security Council backed India's stand that the Kashmir dispute is bilateral and needs to be tackled by the two neighbours. That China was the only one standing with Pakistan on the Paris-based Financial Action Task Force’s gray list for funding terrorist organisations wa…

China’s Belt and Road Initiative push intensifies

China’s big-ticket geo-political and geo-economic Belt and Road Initiative has come roaring back just when it seemed down and out with the peaking of the Sino-US trade war.President Xi Jinping, during his Myanmar tour beginning Friday, will doubtlessly promise billions of dollars on scores of infrastructure projects in Myanmar, almost at par with investments made in the China-Pakistan Economic Corridor (CPEC). Xi’s three major thrust areas will be(a) the Kyaukphyu port and SEZ project on Rakhine coasts that connects to Yunnan by high speed rail and a six lane highway(b) New Yangon City(c) projects on the China Myanmar Economic Corridor (CMEC).Like Gwadar gives China an outlet to Arabian Sea and Persian Gulf , Kyaukphyu gives the Dragon an outlet to Bay of Bengal and Indian Ocean.“The Chinese are determined to seek the eastern and western outlets to the oceans and they will fund Myanmar as strongly as Pakistan and even reduce them to client states just to ensure they can bypass the Mala…