Tightening the belt: How is China financing its global ambitions?

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 24 August 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

China has big global plans – from large infrastructure projects to new economic zones across the globe. How are they funding these projects? Dipo Faloyin is joined by Zongyuan Zoe Liu, author of Sovereign Funds: How the Communist Party of China Finances Its Global Ambitions to follow the money behind China’s infrastructure plans and to find out what the West gets wrong. “China’s economic success has been presented as an alternative to the Washington consensus.” “I would caution against the idea that African countries do not have the agency to make their own choices.” “Xi is very focused on self-sufficiency, which isn’t always the concern of the population.” Support us on Patreon: www.patreon.com/bunkercast Book link: https://www.hup.harvard.edu/catalog.php?isbn=9780674271913 Written and presented by Dipo Faloyin. Producer: Kasia Tomasiewicz. Audio editor: Jade Bailey. Music by Kenny Dickinson. Managing editor: Jacob Jarvis. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production. Instagram | Twitter Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:13.2	I'm Di Gifolian.
1:14.7	China's global ambitions are extensive.
1:17.5	Their Belt and Road initiative, also known as The New Silk Road,
1:20.8	is one such project that aims to connect China with Europe and the
1:24.2	global south. This includes building things like railways, highways and
1:28.1	energy infrastructure as well as funding special economic and industrial zones.
1:32.1	Now regardless of Western skepticism about China's funding special economic and industrial zones.
1:33.0	Now regardless of Western skepticism about China's global motivations,
1:36.3	it's an ambitious plan which will come at a high cost.
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