China Offers to Fund Large Dam Project in Disputed Kashmir, Inflaming Tensions and Raising Long-Term Security Concerns

On June 19, 2017, Pakistani media reported that China has offered to fund the long-stalled Diamer-Bhasha Dam project in the disputed Gilgit-Baltistan region of Jammu and Kashmir. Due to the contentious nature of its geography, the Diamer-Bhasha Dam has struggled to secure financing from Western institutions, such as the World Bank and Asian Development Bank, following vehement opposition from New Delhi, which views CPEC (especially those ...

Chinese Banking Regulator Clamps Down on Dalian Wanda, HNA, Fosun and Anbang

On June 22, the China Banking Regulatory Commission (CBRC) told domestic banks to assess their exposure to “systemic risks” associated with “some large enterprises.” The order was communicated in an email, which specifically mentioned Dalian Wanda, Fosun International, HNA Group, Anbang Group and Zhejiang Rossoneri Investment as the targeted entities.

China Railway Group to Build $2.5 Billion High-Speed Railway in Central Russia

On June 19, the China Railway Group signed a $2.5 billion Memorandum of Understanding with the Russian government to build a high-speed railway from Yekaterinburg to Chelyabinsk in central Russia. The deal was signed during the Fourth China Russia Exposition, held in the city of Harbin in northeastern China.