Tag: belt and road

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Geoeconomics

EURASIA:

ARCTIC OCEAN:

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  • As the ice-covered parts of the Arctic Ocean melt due to climate change, China has flagged its interest to take part in building “Polar Silk Road”, raising prospects for the emergence of a new sea route. Connecting the Atlantic and Pacific oceans, the Transpolar Sea Route (TSR) will cut across the centre of the Arctic Ocean, passing close to the North Pole. It could significantly reduce distances for global trade. Both the plans were submitted to China’s National People’s Congress (NPiiC).

SOURCE: THE WEEK IN

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SOUTH ASIA:

MYANMAR:

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  • The European Union has suspended its support for development projects in Myanmar to avoid providing financial assistance to the military after it seized power last month. The EU’s decision follows international condemnation of the Feb. 1 military coup in Myanmar that overthrew the elected government of Aung San Suu Kyi.

SOURCE: REUTERS

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AFRICA:

AFRICA:

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  • As the COVID-19 pandemic is worsening the debt crisis in many African countries, China is offering African borrowers debt restructuring to help them survive the crisis. “Chinese banks offered African countries significant debt restructuring before the pandemic and have continued to do so,”

SOURCE: EN PEOPLE

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SOUTH ASIA:

SRI LANKA:

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  • Pakistan’s offer to Sri Lanka to join its multibillion-dollar trade and infrastructure scheme with China under Beijing’s Belt and Road Initiative has raised concerns in Indian policy circles, as New Delhi seeks to secure its influence in a region where China’s presence is growing. Indian strategic affairs observers said a proposal for Colombo to use Gwadar could be problematic for India’s security, as about 70 per cent of the goods that Sri Lanka’s ports now handle are transhipped to and from India. India is Sri Lanka’s largest trading partner, and the two countries also cooperate in areas such as security and defence.

SOURCE: SOUTH CHINA MORNING POST

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WHAT IS HAPPENING IN GEOECONOMICS? AFRICA:

CHINA´S BELT AND ROAD:

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http://www.theconversation.com

  • Chinese overseas energy finance collapsed to its lowest level since 2008 last year, with its struggling Belt and Road ambitions in the sector relying more heavily on projects in African countries, reported the Financial Times. More than half of China’s $4.6 billion in overseas energy lending went to projects in Africa in 2020, data from Boston University’s Global Energy Finance database show.

SOURCE: CHINA ECONOMIC REVIEW

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WHAT IS HAPPENING IN GEOECONOMICS? EURASIA:

CHINA´S CONNECTIVITY PLAN:

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http://www.just-style.com

  • China’s plan to build a global rapid logistics circle for goods by 2035, which would allow goods to be delivered to neighboring countries and major international cities within two- three days, will likely boost China’s trade with major economies in the EU and Asia, observers said. Analysts said the broad plan is also significant in terms of coordinating a global industry chain where China plays a centralized and pivotal role. Riding on such momentum, the world’s economic center of gravity could gradually shift to China, they predicted.

SOURCE: GLOBAL TIMES

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WHAT IS HAPPENING IN GEOECONOMICS? SOUTH ASIA:

MYANMAR:

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  • While Western nations condemn the military coup in Myanmar, India is taking a cautious approach as it bolsters its connectivity to Southeast Asia and attempts to curb China’s influence. Myanmar and India share a 1,600 km border, giving India a gateway to greater economic integration with Southeast Asia. The neighbors also share a 725 km boundary in the Bay of Bengal, where India aims to boost maritime security cooperation with Myanmar and other members of the Association of Southeast Asian Nations as part of a broader effort under the quadrilateral security dialogue.

SOURCE: NIKKEI ASIA

 

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WHAT IS HAPPENING IN GEOPOLITICS? SOUTH ASIA:

MYANMAR’S COUP:

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  • The coup’s bitterly contested in Myanmar is presenting China a serious geopolitical headache. The mass groundswell of protests rocking cities across the country have, in moments, taken on anti-China tones, and calling for boycotts of Chinese goods. The current imbroglio places a question mark over billions of dollars in deals and is deepening anti-Chinese sentiment in a strategic country along its border. Beijing was likely satisfied with the pre-coup status quo, one in which its state companies were invested in a slate of enterprises throughout the country while its officials maintained links with the National League for Democracy party.

SOURCE: WASHINGTON POST

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WHAT IS HAPPENING IN GEOPOLITICS? MIDDLE EAST:

BELT AND ROAD:

http://www.wikipedia.org
https://perspectives-and-tendencies.com/global-belt-and-road-initiative-news/

  • China is happy about the Abraham Accords and the GCC crisis coming to an end. Though China was not involved in either development, China benefits from Israel having normalized ties with Arab countries in the Gulf. An Israel integrated into its own region provides yet another important access point to the Mediterranean, especially if and when connecting infrastructure comes into effect. The European Union is China’s largest trading partner, making the Mediterranean Sea a major endpoint in the Belt and Road Initiative (BRI). Regarding to the end of the GCC dispute, with Qatar presumably coming back into the fold, it will likely enjoy a corresponding spike in Chinese projects.

SOURCE: THE ATLANTIC COUNCIL ORG

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WHAT IS HAPPENING IN GEOPOLITICS? SOUTH ASIA:

MYANMAR COUP:

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  • EU foreign ministers have decided to prepare a series of sanctions against those responsible for the February 1 military coup in Myanmar. “The European Union calls for de-escalation of the current crisis through an immediate end to the state of emergency, the restoration of the legitimate civilian government and the opening of the newly elected parliament,” the ministers said in a statement.  

SOURCE: VOA NEWS

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