BRI

In June, the G7 proposed its new ‘Partnership for Global Growth’ (PGII) as a greener, more sustainable alternative to China’s Belt and Road Initiative (BRI). Unfortunately, PGII is based on several misconceptions about Chinese outbound investment and risks repeating some of China’s mistakes, writes Torsten Weller At the summit in Germany in late June, the heads of government of G7 countries announced the launch of a USD600 billion infrastructure programme …

The UK has done well through partnering with China on the Belt and Road Initiative (BRI) before, but is it now considering extricating itself from further BRI collaboration with Beijing to align itself with the US or the EU? Joe Cash investigates A global contest is brewing. China, the US, and the EU are all vying for influence along routes that Beijing first turned its attention to in 2013 when …

Paul French interviews Geoffery Gresh – author of ‘To Rule Eurasia’s Waves: The New Great Power Competition at Sea’ – about the Maritime Silk Road, transparency and the UK’s potential role Geoffrey F. Gresh’s ‘To Rule Eurasia’s Waves: The New Great Power Competition at Sea’ (Yale University Press) is a sweeping study of the situation concerning the vital sea lanes running from Asia to North America, Europe and the UK. …

China’s signing of the UN’s International Settlement Agreement will not only benefit international businesses, but might also lead to domestic legal reforms, write Peter Corne and Matthew Erie Last year, China signed the United Nations Convention on International Settlement Agreements Resulting from Mediation, known as the Singapore Mediation Convention. This was a momentous event in the development of the cross-border dispute resolution industry and provides China with an opportunity to develop a dispute …

Last month, China’s Ministry of Commerce (MOFCOM) issued a circular which outlined new measures to reform and open up its service sector. Here’s what it included: The circular included eight pilot tasks and 122 measures to promote innovation in the service industry, and 16 measures to remove bureaucratic hurdles for new market entrants. Most importantly, it also included 26 measures to facilitate the entry of foreign service providers. The sectors …

China’s role in the global economy has evolved faster than that of any other country in the world. These five new books try to explain the challenges China faces in its endeavour to become the world’s largest economy, and how to make sense of its presence in the context of its past. By Clizia Sala The Myth of Chinese Capitalism, by Dexter Roberts St. Martin’s Press, March 2020   Roberts’ fascinating …

Qianhai in Shenzhen is one of three areas designated by Beijing for the next stage of China’s Reform and Opening. It has been slow getting going, but changes are being accelerated, writes Anthony Lawrance Facing the South China Sea, Qianhai doesn’t have much room for future expansion – unless further reclamation work is done. However for now, that suits local and national officials just fine: What Qianhai is set to …

Scotsman Sir Danny Alexander, 47, spent ten years as a Liberal Democrat MP and was Chief Secretary to the Treasury in the coalition government headed by David Cameron. For the past three years, he has been Vice-President and Corporate Secretary with the Beijing-based Asian Infrastructure Investment Bank. In a wide-ranging interview, Sir Danny talks to Mark Graham about his role within the bank, how its infrastructure projects are helping poor …

Meet the eight judges that have been appointed to the BRI’s two China International Commercial Courts The eight judges who will lead two courts, established this year to solve disputes along the Belt and Road Initiative (BRI) have been announced. These eight judges are expected to have to deal with some significant geopolitical disputes as the BRI continues to expand. The Supreme People’s Court in Beijing ruled that disputes arising …

Unipart explains how companies can establish themselves along the Belt and Road and what supply chain issues they might face Building the Belt and Road Initiative Throughout the world, mass globalisation has increased demand for logistical speed, paving the way for China’s trillion dollar Belt and Road Initiative (BRI), and the exciting new era that will herald. Even before the BRI, China was investing heavily into its infrastructure though. Between …