The conflict has sent economic and political shock waves through a country with no representation at the negotiating table—and Kenya is not alone.
Georgia Schaefer-Brown, Jane Munga
{
"authors": [
"Tang Xiaoyang"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie China"
],
"collections": [
"China and the Developing World"
],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie China",
"programAffiliation": "",
"programs": [],
"projects": [],
"regions": [
"Southern, Eastern, and Western Africa",
"East Asia",
"China"
],
"topics": [
"Economy"
]
}Source: Getty
Although its initial focus will be Asia, the Asian Infrastructure Investment Bank may eventually broaden its scope to provide development assistance to countries in Africa as well.
Source: China Africa Project
Fifty-seven countries, including two from Africa, are among the founding members of China’s new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank’s primary objective will be developing infrastructure projects in Asia, as its name suggests, there is widespread anticipation (mixed with some hope) that the bank will expand the scope of its work to eventually include Africa and other developing regions.
Carnegie–Tsinghua’s Tang Xiaoyang joined Eric Olander and Cobus van Staden to discuss the AIIB and what implications it could have for development finance in Africa.
This podcast was originally broadcasted by the China Africa Project.
Tang Xiaoyang
Former Resident Scholar and Deputy Director, Carnegie-Tsinghua Center; Chair and Professor, Department of International Relations, Tsinghua University
Tang Xiaoyang is the chair and a professor in the Department of International Relations at Tsinghua University. He was a resident scholar and the deputy director at the Carnegie-Tsinghua Center until June 2020.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
The conflict has sent economic and political shock waves through a country with no representation at the negotiating table—and Kenya is not alone.
Georgia Schaefer-Brown, Jane Munga
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.
Michael Pettis
In an era of otherwise deep political division, U.S. government support for electricity infrastructure overseas remains a bright spot of consistent bipartisan consensus. This rare cross-partisan alignment should present huge opportunities for the United States to lead on advancing energy infrastructure in emerging economies.
Katie Auth
Japan’s revision of its three strategic documents reflects an intention to keep the United States engaged in the region while Japan fills any vacuums of U.S. power to preserve the Indo-Pacific order.
Ryo Sahashi
Chinese biotech companies have been on the receiving end of U.S. economic coercion. Yet their responses have differed significantly because firm and state interests are not uniformly aligned. For Washington, treating all Chinese tech firms the same, irrespective of their actual interests, risks pushing them farther into Beijing’s corner.
Xue Gong