{{ subpage.title }}

What We’re Watching: Global Gateways vs Belt and Road, US-Russia tit-for-tat, Germany’s COVID challenge

The EU rivals China’s Belt and Road Initiative. The European Commission has unveiled its Global Gateways plan, which aims to invest €300 billion globally in infrastructure projects by 2027. Indeed, Brussels is positioning its plan as a better alternative to China’s ambitious Belt and Road Initiative. This announcement comes as Beijing has been steadily upping its investment in the Global South, including a pledge this week to supply Africa with an additional 1 billion COVID vaccine doses over the next three years, as well as doling out $10 billion of trade finance to support African exports. But European Commission President Ursula Von der Leyen points to several advantages for the European plan. One, Global Gateway focuses both on physical infrastructure – like fiber-optic cables, transportation, healthcare and clean energy resources – as well as investment in research and education. And unlike Beijing’s plan, which saddles recipient countries with debt, the EU will provide cash “under fair and favorable terms.” Its plan will also include buy-in from Europe’s robust private sector. Beijing has not commented on the development, but the Chinese foreign minister’s visit to Ethiopia on Wednesday was likely intended to signal Beijing’s enduring commitment to the region.

Read Now Show less

Australia passes law that can scrap China Belt and Road accords

December 08, 2020 11:01 AM

The laws could further worsen ties between Australia and China.

China and Latin America must use BRI to deepen cooperation: China Daily contributor

November 17, 2020 11:45 AM

The writer says that for China, Latin America is playing a more fundamental role in industrial and supply chains.

China says controversial Myanmar city not a Belt and Road Initiative project

August 26, 2020 5:33 PM

BANGKOK - Beijing has distanced itself from a controversial US$15 billion (S$20.5 billion) Myanmar border city allegedly being built around gambling by Chinese investors.

Xi's BRI shoe has a Pakistani stone in it

July 03, 2020 5:00 AM

For years now we've heard China-Pakistan ties described in rapturous terms - as close as lips and teeth, as senior Chinese officials sometimes put it.

Thailand looks to clear Bangkok's polluted skies with giant railway linking China, Singapore

March 01, 2020 8:38 AM

BANGKOK (BLOOMBERG) - A city famous for traffic jams is looking to solve its congestion and pollution woes by building a massive train station and overhauling its rail network.

Coronavirus slows China's Belt and Road push

February 18, 2020 4:08 PM

BEIJING (REUTERS) - When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, ports and highways around the world: the coronavirus.

Thailand ditches China-led plan to dredge Mekong river

February 05, 2020 5:04 PM

BANGKOK (AFP) - Thailand has spiked Chinese-led plans to open up a key stretch of the Mekong river, in a rare victory for activists fighting to preserve Southeast Asia's most important waterway.

Subscribe to GZERO Media's newsletter, Signal