QUETTA, Pakistan—Crown Prince Mohammed bin Salman visited Pakistan last week and promptly pledged twice the amount of Saudi investment in infrastructure that observers had expected: $20 billion. Though it may not all be delivered, the promised money signaled the growing Saudi role in major infrastructure development in Pakistan. Until last year, such projects were being funded prominently, and almost exclusively, by China. But last fall, soon after Prime Minister Imran Khan took office, Pakistan unexpectedly invited Saudi Arabia to join the China-Pakistan Economic Corridor, or CPEC—the big-ticket Pakistan component of China’s huge Belt and Road Initiative, which was previously only [...]
From the United States to Australia, countries are tightening restrictions on investment in strategic sectors like energy and defense, with a wary eye toward China. There are mounting concerns globally about the pitfalls associated with Chinese investment and whether it is a Trojan horse for Beijing to gain access to critical technologies, data and infrastructure that it can use for its own military ends. Europe is not immune to these concerns, and late last year, the European Union passed an investment screening mechanism of its own that specifically targeted China. Yet the EU will still have to do more to [...]
DAKAR, Senegal—When National Security Adviser John Bolton unveiled a new U.S. strategy for Africa in December, commentators were quick to notice that its overarching purpose is containing China. According to Bolton, China, and to a lesser extent Russia, are “deliberately and aggressively targeting their investments in the region to gain a competitive advantage over the United States.” He claimed that China’s “predatory practices stunt economic growth in Africa, threaten the financial independence of African nations, inhibit opportunities for U.S. investment, interfere with U.S. military operations, and pose a significant threat to U.S. national security interests.” A more deliberate reading of [...]
