Showing 1 - 6 of 6
'Belt and Road' is buckling under scrutiny
News, Brahma Chellaney, Published on 01/10/2018
» On a recent official visit to China, Malaysian Prime Minister Mahathir Mohamad criticised his host country's use of major infrastructure projects -- and difficult-to-repay loans -- to assert its influence over smaller countries. While Dr Mahathir's warnings in Beijing against "a new version of colonialism" stood out for their boldness, they reflect a broader pushback against China's mercantilist trade, investment, and lending practices.
Order of influence in the balance
News, Brahma Chellaney, Published on 25/01/2016
» China's ambition to reshape the Asian order is no secret. From the "one belt, one road" scheme to the Beijing-based Asian Infrastructure Investment Bank, major Chinese initiatives are gradually but steadily advancing China's strategic objective of fashioning a Sino-centric Asia. As China's neighbours well know, the country's quest for regional dominance could be damaging -- and even dangerous. Yet other regional powers have done little to develop a coordinated strategy to thwart China's hegemonic plans.
Of debt and bondage with Beijing
Oped, Brahma Chellaney, Published on 26/11/2022
» Recently released details of Kenya's 2014 loan agreement with China to finance a controversial railway project have once again highlighted the predatory nature of Chinese lending in developing countries. The contract not only imposed virtually all risk on the borrower (including requiring binding arbitration in China to settle any dispute), but also raised those risks to unmanageable levels (such as by setting an unusually high interest rate). With terms like that, it is no wonder some countries around the world have become ensnared in sovereignty-eroding Chinese debt traps.
China's creditor imperialism shackles poor countries
News, Brahma Chellaney, Published on 27/12/2017
» This month, Sri Lanka, unable to pay the onerous debt to China it has accumulated, formally handed over its strategically located Hambantota port to the Asian giant. It was a major acquisition for China's Belt and Road Initiative (BRI) -- which President Xi Jinping calls the "project of the century" -- and proof of just how effective China's debt-trap diplomacy can be.
A new front in Asia's water war
News, Brahma Chellaney, Published on 13/10/2017
» China has long regarded freshwater as a strategic weapon -- one that the country's leaders have no compunction about wielding to advance their foreign-policy goals. After years of using its chokehold on almost every major transnational river system in Asia to manipulate water flows themselves, China is now withholding data on upstream flows to put pressure on downstream countries, particularly India.
China heads for imperial overreach
News, Brahma Chellaney, Published on 29/05/2017
» Chinese President Xi Jinping's tenure has been marked by high ambition. His vision -- the "Chinese dream" -- is to make China the world's leading power by 2049, the centenary of communist rule. But Mr Xi may be biting off more than he can chew.