The EU is not prepared to help Montenegro repay a Chinese loan. It's about almost €1 billion for the construction of a motorway, which Western institutions assessed early on as not worthwhile. Is Europe missing a great opportunity to strengthen pro-European forces in the Western Balkans and instead leaving the field to Beijing?
By Marcel Grzanna
The US Parliament takes the initiative for a more aggressive China policy. Among other things, the US government should take tougher action against intellectual property theft and protect Taiwan. At the same time, the US should rely on means that China already uses.
By Felix Lee
China and Russia are cooperating in many areas – from flourishing commodity trade to plans for a joint moon station to replacing the US dollar as the reserve currency. However, a closer look shows: The supposed affection has clear boundaries – and potential for conflict.
By Michael Radunski
China.Table regularly takes a look at the EU member states and their relationship with China – Hungary stands out: Budapest repeatedly shows itself to be openly positive towards Beijing. According to analysts, however, this does little for the country economically. The ties are based more on political reasons and offer opportunities for provocation in the direction of Brussels. The campus project of Fudan University in Budapest is now generating new resentment.
By Amelie Richter
China and India have just ended months of skirmishes on their border. For decades they have distrusted and misunderstood each other. India is now cooperating more with the US in the Quad grouping – to Beijing's displeasure. But Delhi says this is far from an alliance. India has always insisted on strategic independence.
By Christiane Kuehl
The debacle over the grounded container ship in the Suez Canal has once again shown Beijing how risky it is to become too dependent on a transport route with a bottleneck. For China, that is even more so the 900-kilometer-long Strait of Malacca near Singapore, which measures only 2.7 kilometers at its narrowest point. Most of China's raw materials have to pass through this strait. That is why China has been trying for years to build alternative supply routes as part of the Belt and Road Initiative. These are mainly pipelines.
By Frank Sieren
China is the most important bilateral donor for developing and emerging countries. A research team led by the Institute for the World Economy has now been able to analyze 100 Chinese loan agreements to developing countries for the first time. China.Table was given advance access to the underlying study. The Chinese contracts contain "unusually far-reaching secrecy clauses" and ensure Beijing priority over other creditors in the event of insolvency. Some contract clauses even allow Beijing to "potentially influence" the policies of debtor countries. Despite strict contractual clauses, Beijing regularly grants debt rescheduling and deferments.
By Nico Beckert
The new submarine internet cable "Peace" is supposed to be able to transport the equivalent of 90,000 hours of Netflix movies – per second. It is currently being laid from China via Pakistan to France and Africa – and is causing friction in Chinese-American relations. The question is: Who controls global data traffic?
By Ning Wang
The New Silk Road is a project of the People's Republic of China. The aim is to improve the land and sea routes between Europe and the Asian region. The Table.Media editorial team provides all the news on this.
Officially, the project of the People's Republic of China is called One Belt, One Road. Or also Belt and Road Initiative (BRI). In the vernacular, however, the project is called the New Silk Road. It was launched in 2013. The name goes back to the German geographer Ferdinand von Richthofen. In 1877, he used it to describe the caravan routes between the Mediterranean and Central and East Asia. However, these routes were already used in ancient times. Silk was transported to the west, wool, gold and silver to the east. China has taken up this idea again. One Belt, One Road is intended to make freight traffic between Europe and China more efficient. To this end, various routes are being opened up through infrastructure measures. For example, by building ports for the sea routes and railroads and rail lines for the overland routes.
The names of the project are confusing. Neither is One Belt, One Road about just one Silk Road, nor is it about just one belt. Rather, an entire network of corridors will connect a multitude of countries. There are two different projects. The new overland routes are referred to as the Economic Belt. Six corridors are to form the new Silk Road here: China - Kazakhstan - Russia - Ukraine/Belarus - Poland - Slovakia - Germany China - Kyrgyzstan - Uzbekistan - Turkmenistan - Iran - Turkey China - Mongolia - Russia China - Laos - Thailand - Malaysia - Singapore - Indonesia China - Myanmar - Bangladesh - India China - Pakistan The second project is called Maritime Silk Road. This refers to nine different corridors that form the New Silk Road sea route. China - Greece - Italy - France - Spain China - Vietnam - Singapore - Myanmar China - United Arab Emirates - Iraq China - Djibouti - Saudi Arabia - Sudan China - Philippines China - Cambodia - Thailand China - Malaysia - Pakistan - India - Sri Lanka China - Singapore - Malaysia China - Indonesia - Malaysia - Singapore - Thailand
A total of 140 countries belong to the New Silk Road. As part of the Belt and Road Initiative, China has concluded so-called Memorandums of Understanding (MoU) with them. In other words, agreements that are supposed to guarantee cooperation. In addition, China has concluded an MoU with the African Union, i.e. an entire alliance of countries. In Europe, 18 of the 27 member states have made such an agreement. Romania was the first country in 2015. Germany has not (yet) signed an MoU. While not all of the countries that have signed a corresponding MoU are located along the corridors of the New Silk Road, they are nevertheless affected by it. For example, a new railroad line is to be built in Kenya. It will connect the capital Nairobi in the heartand with the port city of Mombasa in the southeast of the country. In Djibouti, the Chinese are building a new port that will be connected by rail to Addis Ababa, the capital of Ethiopia. The country itself has no access to the sea.
The Belt and Road Initiative is expected to cost a total of $900 billion. China is financing the New Silk Road primarily through four elements. With the help of state-owned commercial banks, the New Silk Road Fund, the specially established Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB). The Belt and Road Initiative is not financed by China alone. Other countries are also providing funding. China is the largest shareholder in the Asian Infrastructure Investment Bank, with thirty percent of the equity. In addition to China and Russia, Brazil, India and South Africa also have stakes in the New Development Bank. Both banks are multilateral banks that focus on infrastructure projects.
The banks and funds mostly lend to countries that have New Silk Road infrastructure projects. A port, a bridge or a railroad line, for example. However, China takes a very restrictive approach when it comes to securing the loans. In the event of a sovereign bankruptcy, China seeks assurances that it will be the first creditor to be serviced. This has consequences in international politics. Other lenders are becoming more hesitant because they have to fear that they will not receive any payment at all in the event of an emergency. In addition, there are contractual clauses that allow China to demand immediate repayment of the money it has borrowed if the People's Republic does not agree with the policies of the partner country.
Officially, One Belt, One Road is intended to strengthen trade links between Asia and Europe. The economic development of many regions could thus be advanced and cultural exchange promoted. Tourism and healthcare projects are also planned. For the Chinese economy, the New Silk Road helps to sell overcapacities from the construction and steel industries. But the New Silk Road is also a sign of the People's Republic of China's geopolitical and global economic goals. Many critics fear that China wants to make poorer countries politically compliant and exploit the raw materials. At the expense of the local population. Environmental or social standards are only of secondary importance in the infrastructure measures of the Belt and Road Initiative.
Readers can find out what the future holds for the New Silk Road from the Table.Media editorial team, which reports all the relevant news about One Belt, One Road in German.
