In the first six months of 2019, China moved on a number of fronts in the Belt and Road Initiative. Many of these projects aimed to create a win-win situation with the recipients of the funds. However, there were some issues that highlighted challenges of the BRI.
Alibaba is using “City Brain”, an Artificial Intelligence system, to help ease traffic flow in Hangzhou. Meanwhile, an AI town has been established next to Alibaba’s headquarters and indicates Hangzhou’s plan to lead the fourth industrial revolution within China.
The punitive American tariffs aim more at checking Beijing’s technological ambitions and less at reducing the US trade deficit. Washington’s long-term fear is that China seeks to dislodge the US from its global primacy.
Russia is moving ahead with the Chinese Huawei 5G system co-development. Some consider the partnership between Russia and China in 5G systems to be a form of informal techno alliance. Some call it the new techno “iron curtain” or even an electronic “Cold War”.
The 21st century will arrive only with the arrival of 5G standard in mobile communications which, though already working as a pilot project in various countries, will only be rolled out on a large scale in the year 2020.
Since July 6, 2018, China and the United States have been engaged in a trade war. No matter who wins the trade battle at the end, the US is in danger of becoming a big power with a damaged prestige sustaining a shaky liberal world order.
Almost daily the US mainstream media report that the Democratic Party opposes everything President Donald Trump does or wants to do. Everything that is except Trump’s tough stance on trade with China! They agree with it. They even applaud it.
China is keen to gain access to ports worldwide, as most of its exports are delivered by sea. By building port terminals and logistics centers, China can simultaneously increase its control over the supply line of its exports and use several international seaways for trade.
In late 2017, the Standing Committee of the National People’s Congress issued an Advisory Interpretation for the very first time. It arose from the intense debate about establishing joint Hong Kong and Mainland immigration facilities at the new Hong Kong High Speed Rail station.
Considering the historical dominance of US companies in the telecommunication semiconductor business and the software platforms powering smartphones, there is a legitimate concern as to whether Huawei can survive the US sanctions.