Category: China “Going Out”

China’s gloomy future

China’s increasing financial and economic assertiveness suggests its star is only set to rise on the world stage and that has prompted some major swagger on the part of its leaders. Swagger the nation’s long-term view doesn’t warrant. Commentary by John Robson.

A danger of dams

This Huffington Post blog, by Peter Neill, founder and director of the World Ocean Observatory, looks at the global love affair with big dams and the perils of forcing water to acquiesce to political ambitions and national pride, and the sometimes dangerous results of doing so.

Did China profit from corrupt Sri Lanka deals?

Sri Lanka’s new government is reviewing all investment projects signed by the previous administration. Chinese companies, awarded the majority of those deals, are at the center of the storm. Sri Lanka’s new finance minister, Ravi Karunanayake, says Chinese firms “used the opportunity of a corrupt regime to crowd out other companies”. CNNMoney and Business Insider report.

MDB “knowledge” banks

Former IMF chief economist Kenneth Rogoff says “far too little attention has been devoted to understanding why multilateral development lending has so often failed”. In his experience, MDBs are most valuable as “knowledge” banks — sharing soft development infrastructure such as experience and best practices rather than financial muscle. The latter, he says, has led to their “greatest failures”.

Answerable to no one

Just as China took a moment to enjoy Washington and Tokyo’s discomfort over Europe’s biggest economies declaring in favour of a new Chinese-led Asian investment bank, Washington and Tokyo took a moment to caution joiners to beware of governance standards. We say: beware of multilateral development banks in general.

Is China’s Internet becoming an intranet?

China’s ban on virtual private networks (VPN) prompts this ChinaFile conversation between global experts on the potential outfall from Beijing’s latest pullback on citizens’ online access. According to award-winning journalist George Chen: “These days, the government is keen to regulate everything it hates and promote everything it likes with new legislation or renewed enforcement. That’s what the rule of law Chinese-style is all about.”

Just one more foreign investor

Much has been written about China in Africa — China’s #1 spot as Africa’s biggest trading partner, its massive investment in infrastructure development across the continent, its hands-off approach to domestic politics — but is talk of China’s domination in Africa overdone? The Economist reports.