Pakistan has been trying to draw foreign direct investment, and one of the important developments during Mahathir’s visit was the ground breaking ceremony for Malaysian car maker Proton’s assembly plant near Karachi in Sindh Province.
China’s policy towards the Myitsone dam has seen several changes since Myanmar suspended the project in 2011. The NLD government pursued for compensation for reneging on the terms of the contract rather than resuming the project.
President Xi Jinping told Crown Prince Mohammad bin Salman that China is a good friend and partner to Saudi Arabia. Beijing firmly supports Riyadh in its economic diversification drive and social reform and has offered to connect its Belt and Road Initiative with Saudi Vision 2030.
In February 2019, Saudi Arabia’s Crown Prince Mohammed bin Salman traveled to three Asian capitals: Islamabad, New Delhi, and Beijing. In each of the three capitals that he visited, the Crown Prince signed deals worth billions of dollars.
Some call it a new cold war which sees Russia, China and the US all vying for influence and control in the Arctic. The recent policy shift of the US is also driven by its concern on this increasing influence of Russia and China and the cooperation between the two.
The inaugural Asian Infrastructure Finance report, released by the Asian Infrastructure Investment Bank, made a very significant point: after the 2019 general election, India may change its attitude towards the Belt and Road Initiative, and may even consider joining it.
After the EU threatened to remove its preferential trade deal in response to Phnom Penh’s perceived lack of commitment to improve its democracy and human rights situation, the country now faces a dilemma.
China and the EU differ on political and human rights issues, while trade and investment comprise the main components of the China-EU tie. Burdened by a decade of declining economic investment, the EU and its member-states have welcomed China’s investments.