After a series of setbacks, the China-Pakistan Economic Corridor, a multibillion-dollar assortment of infrastructure projects that constitutes the Pakistani component of Beijing’s Belt and Road Initiative, is poised for a resurgence. Or is it? Last month, the Pakistani investigative news site FactFocus published a damning expose about Asim Bajwa, the head of a government body overseeing CPEC. It claims that Bajwa’s family developed an extensive overseas business empire, without declaring many of those assets. The allegations come at an inconvenient time for Islamabad, just as it tries to right CPEC’s ship. Launched in 2015, CPEC is a logical partnership for […]
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The coming crisis of American power that is sure to follow the November election will be unique in U.S. history. Competing with China, Russia and whatever other major rivals may emerge will be less about aircraft carriers, fighter jets, nuclear submarines and stealth bombers than ever before, and more about helping other governments meet the vital needs of their citizens. Although the United States suddenly has much less of a hard power edge than it once did, due to China’s rapid and ambitious modernization of its military, and particularly its navy, Americans should treat skeptically the calls that are bound […]