A Hong Kong court ruled last week that the largest indebted property developer in the world, Evergrande, would be liquidated. The ruling opened up a slew of larger questions about the future of the Chinese economy, especially the relationships between the central government, local governments, the private sector and households.
Infrastructure
China’s expanding economic footprint in Latin America over the past 25 years has driven economic growth and shifted the geopolitical narrative across the region. But that engagement is now shifting as priorities change in China, Latin America and the U.S., at a time when Chinese growth is slowing and U.S.-China tensions are rising.
EU officials have been careful to avoid framing Global Gateway, an infrastructure development initiative, as a response to China’s Belt and Road Initiative, but comparisons between the two frameworks are inevitable. It is no surprise, then, that the narratives the EU uses to discuss the Global Gateway contest those surrounding the BRI.