China’s impressive infrastructure projects have been the subjects of both international praise and criticism. A recent New York Times article about the debt-ridden Chishi Bridge seems to have rekindled longstanding concerns about the future of China’s economy. The country’s infrastructure feats are often afflicted with corruption, debt, and poor construction. The collapse of a $12 million Chinese-built bridge in Kenya and the “straddling bus” investment scam this week are just two recent examples. Other varieties of China’s infrastructure resource misallocations include China’s modern ghost towns and unused airports and factories. Two major causes of China’s inefficient infrastructure investments are...Read More
Category: Economy and Trade
Partners of Necessity: The Strategic Sino-Russian Alliance in Central Asia Over Belt and Road Initiative
The colossal Belt and Road Initiative (BRI) is a China-heavily funded economic development strategy that focuses on connectivity among countries primarily between the China and the rest of Eurasia. It consists of the land-based “Silk Road Economic Belt” (SREB) and oceangoing “Maritime Silk Road” (MSR). During the Belt and Road Forum for International Cooperation (BRF) held in Beijing from May 14 to 15, 2017, China-Russia cooperation over BRI in Central Asia was warmly discussed. The special friendship between Beijing and Moscow is visibly displayed in Xi and Putin’s speeches, when both leaders reiterate their commitment to globalization and free trade. On a rhetorical...Read More
Every week, China Program’s Senior Advisor Dr. Robert A. Kapp compiles a reading list and provides commentary, for you to better understand China.
Robert A. Kapp is senior advisor to the China Program at the Carter Center. He has been principal of Robert A. Kapp and Associates, a business consulting firm, since 2004. From 1994 through 2004 he served as President of the United States-China Business Council…