Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

China’s belt and road could fill ‘vacuum’ after Trump’s USAID freeze: analysts

US President Donald Trump’s spending freeze for the United States Agency for International Development (USAID) could allow China to fill the resultant gap under the aegis of its Belt and Road Initiative, analysts said.

The 12-year-old initiative provides low-interest loans for highways, ports and power plants in scores of developing countries – many of which are also recipients of funding from USAID, an agency whose operations Trump halted this week.

“There is a vacuum,” said Sharif Naubakhar, a professor of public policy at the Hong Kong University of Science and Technology. “Even though the belt and road is not aid, it is infrastructure, it is energy, clean water.”

China would be a “winner” of the USAID closure as it seeks “access to vital resources abroad” and tries to “build alliances that are not in US national interests”, said Cornell University applied economics and policy professor Christopher Barrett in a statement on Monday.

Read more on scmp.com
DMCA