Last month, for the first time in six years, the Syrian government hosted an international trade fair in Damascus. Staged at a fairground in the southern outskirts of the capital, near the airport, the exhibition was promoted as a sign of victory for President Bashar al-Assad. Russian, Iranian and Chinese companies headlined the list of attendees, which also included representatives of European firms. The fair—last held in the summer of 2011, as Syria’s uprising was just turning into a civil war—“sends a message that the war has ended … and we are at the start of the path towards reconstruction,” [...]
China signed an extraordinary $20 billion loan agreement with Guinea earlier this month, providing the West African country with much-needed financial resources over the next two decades in exchange for concessions and access to its abundant deposits of bauxite, an industrial aluminum ore that is in high demand. The first phase of the deal involves three separate Chinese mining infrastructure projects in the northwestern town of Boffa: a planned alumina refinery and two bauxite extraction operations. China is currently a top global consumer of bauxite, an industrial ore that is first refined into alumina, also known as aluminum oxide, and [...]
As a candidate, President Donald Trump vowed to revitalize America’s infrastructure and promised $1 billion for transportation projects. But while Washington only tepidly contemplates such spending, China is rapidly moving ahead to transform transportation on its terms. China’s leadership is codifying the next generation of transportation technologies into an ambitious national strategy and matching policy with billions for innovation and deployment. Recognizing that the sector is shifting toward low carbon options worldwide, Beijing is planning to uproot America’s competitive edge in the global market. Unless it is willing to cede the remaking of the transportation industry to China, the United [...]
