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This would in turn secure regional supply chains, boost trade connectivity and economic activity — all similar to objectives underpinning China's Belt and Road Initiative, a global infrastructure investment strategy that Beijing launched in 2013. - | Afp | Getty ImagesThis Biden-led initiative will comprise of two separate corridors, the east corridor connecting India to the Middle East and the northern corridor connecting the Middle East to Europe. Middle East influenceChina's BRI offers a glimpse into Biden's ambition and perhaps what his infrastructure pact will come up against. Debt risksEven then, China's 10-year head start offers some cautionary lessons for Biden's global infrastructure pact. "25% of debt of emerging markets is treading in distressed territory," IMF's Managing Director Kristalina Georgieva told CNBC on the sidelines of the Delhi G20 leaders' summit.
Persons: Crown Prince, Mohammed bin Salman, Narendra Modi, Joe Biden, Ludovic Marin, Recep Tayyip Erdoğan, Evan Feigenbaum, Emmanuel Macron, Joko Widodo, Luiz Inacio Lula da Silva, Gandhi, Biden, China's BRI, Beijing's BRI, Chong Ja Ian, Kristalina Georgieva, Janet Yellen, Chong, Modi Organizations: Saudi, Crown, India's, Bharat, Afp, Getty, Biden, Initiative, Carnegie Endowment, International, Brazil's, European Union, Democratic, Fudan University, for Economics, Business Research, Arab, United Arab, Bloomberg, IMF, National University of Singapore, Monetary Fund, World Bank, CNBC, Treasury, NUS, India, Shanghai Cooperation Organization Locations: New Delhi, Turkey, Delhi —, Beijing, U.S, Raj, India, East, Europe, UAE, Saudi Arabia, Jordan, Israel, Delhi, Democratic Republic of, Congo, Zambia, Lobito, Angola, Middle, Shanghai, London, China, United Arab Emirates, Washington, Saudi, Iran, People's Republic of China, New York, United States
watch nowIndia's relationship with the United States is the strongest it's been in years. Despite warming ties — with both leaders sharing a hug during Modi's state visit to Washington in May — a "traditional alliance" between the two nations remains off the table, according to the Council on Foreign Relations. "Obviously, this is an area where American foreign policy leaders would like to see something different given American concerns about Russia's war in Ukraine," Ayres highlighted. In May, Biden and Modi announced a slew of technology and defense deals, ranging from collaborating on diversifying supply chains to working together across space and artificial intelligence. "Technology generally has really been in the lead in improving this relationship," said Evan Feigenbaum, vice president for studies at the Carnegie Endowment for International Peace.
Persons: Joe Biden, Narendra Modi, Alyssa Ayres, Ayres, CNBC's, … That's, Biden, Modi, Evan Feigenbaum Organizations: Indian, Group, Foreign Relations, Council, India's, White, Bloomberg, Getty, Carnegie Endowment, International Locations: United States, New Delhi, Washington, India, Pakistan, South Asia, Russia, Ukraine, Delhi, Moscow, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer US diplomat discusses Xi's no-show at G20 Summit and US' lopsided ASEAN strategyEvan Feigenbaum from Carnegie Endowment for International Peace says if the Chinese president skips the APEC meeting later in the year, then it means something is preventing him from attending multilateral meetings.
Persons: Xi's, Evan Feigenbaum Organizations: Former, ASEAN, Carnegie Endowment, International, APEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. needs to exert influence in ASEAN beyond just military leadership, think tank saysThe U.S. military's role in Southeast Asia is 'not in jeopardy' because many countries are afraid of China, says Evan Feigenbaum, a vice president for studies at Carnegie Endowment for International peace in Washington, D.C.
Persons: Evan Feigenbaum Organizations: U.S, Carnegie Endowment, International Locations: ASEAN, Southeast Asia, China, Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden-Xi meeting restores bilateral dialogue, but core issues remain: ExpertEvan Feigenbaum from the Carnegie Endowment for International Peace talks about the benefits arising from President Biden and President Xi's meeting, and some perennial tensions in US-China relations.
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