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.
Most of the Western criticisms of the BRI are that the initiative is a geopolitical “strategy”. Considering its importance for China’s opening-up in the current stage, we believe it can be further defined as a major international cooperation agenda.
The International North-South Transport Corridor is a transit route designed to facilitate the carriage of goods from Mumbai in India to Helsinki in Finland, using Iranian ports and railroads, which Tehran plans to connect to those of Azerbaijan and Russia and its Baltic ports.
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.
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.