Via Nikkei Asia, a look at Beijing’s expanded Balkan presence, with Washington focused on Ukraine: Southeast of the “Iron Curtain” famously described by Winston Churchill in 1946, a new group of China-friendly nations is forming a north-south line that runs through the heart of Eurasia. While this “Silk Curtain” — which runs from Hungary in […]
Read more »Courtesy of The Financial Times, an article on Hungary, which has captured more than a quarter of Chinese capital flowing into Europe since 2022: Viktor Orbán has turned Hungary into the main home for Chinese capital in Europe, capturing more than a quarter of all Chinese investment coming into the continent over the past two […]
Read more »Via Foreign Policy, an article on Hungary’s leader’s argument that sending troops to Chad will slow migration, but he seems to be seeking security partnerships in exchange for lucrative minerals: Hungary is set to deploy about 200 troops to Chad, ostensibly in an effort to fight terrorism and curb illegal migration to Europe. Hungary, a member […]
Read more »Via The Economist, a report on how near-shoring is turning eastern Europe into the new China: The european union has tried hard lately to restrict Chinese imports. Yet this summer China made it easier to import one European product: Polish poultry. The gesture was economically insignificant. But it is part of a broader push by China […]
Read more »Via Foreign Policy, a report on how – from Malaysia to Mexico – some countries are gearing up to benefit from economic fragmentation: A full decoupling of the Chinese and Western economies could be a costly proposition. The International Monetary Fund estimates that it could shave around 7 percent off global GDP in the longer term, […]
Read more »Courtesy of Bloomberg, a report on China’s growing business relationships with Serbia and Hungary: It’s 10 a.m. and the high-speed train leaves Belgrade’s new, glass-and-steel station right on time. Thirty-six minutes later it pulls into Serbia’s northern city of Novi Sad, the first completed section of a 350 kilometer-long (217 mile) upgrade going up to […]
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