Britain considers bringing China on board with HS2

In the past decade China has built 25,000km of high-speed railway, more than all the fast train lines in the rest of the world. Now it has its sights on helping to deliver HS2, the UK’s over budget and long delayed high speed rail line, which earlier this month received the go-ahead for the first phase of construction. Last week it emerged that China Railway Construction Corporation (CRCC) had … https://on.ft.com/329pwIT

For the US and China, interdependence is a double-edged sword

Economic exchange can produce welfare gains, but it can also be used as a weapon. With the coronavirus outbreak, nature has reminded us how much the US and China are economically entangled. But politics is also involved as some in Washington form strategies for a second cold war and economic decoupling. Economic exchange can produce welfare gains for both sides, but it can also be used as a … https://on.ft.com/2UsPR2O

Proselytizing Power: The Party Wants the World to Learn from Its Experiences

In recent years the Chinese Communist Party (CCP) has stepped up its global outreach. Since Xi Jinping became General Secretary in November 2012, the CCP has significantly intensified its efforts to brief foreign political players on key policies and major meetings. It has done so through conferences in China and through sending official delegations to dozens of countries. These briefings have … http://bit.ly/2SrarOs

China’s dreams of world leadership are fading as its belt and road projects start to sour

The Belt and Road Initiative, hailed for promoting development, is coming under fire as debt burdens grow, reflecting a growing wariness of Beijing’s posturing as a global leader-in-waiting on an international stage that seeks to promote debate rather than censor it. President Xi Jinping has become accustomed to casting himself and China as natural heirs to the leadership of the global system. … http://bit.ly/2tASWTh

The Crypto Mogul Who’s Got the Ear of China’s Central Bank

Leon Li is the rarest of Chinese crypto magnates — one who’s won Beijing’s backing. The founder of Huobi Group is now set to play a pivotal role in China’s effort to build a homegrown crypto-industry. The former Oracle Corp. coder, who started one of the world’s largest Bitcoin exchanges six years ago, enjoys unusual access to China’s central bank and government officials thanks to methodical … https://bloom.bg/2v6qbhT