December 04, 2023
America’s Chance to Blunt China’s Encroachment
While the U.S. rightfully focuses on bringing its hostages home from Gaza and alleviating broader tensions in the Middle East, the U.S.-China competition continues unabated. The supplemental funding package for Israel that President Biden proposed in October contains a $1.25 billion funding request for the International Bank for Reconstruction and Development—a part of the World Bank—to help developing nations such as Kenya, Morocco and Nigeria get loans from Western organizations instead of from China. Congress should endorse this package and enact additional measures to weaken Chinese economic influence in the developing world.
If the U.S. spreads its efforts too thin or focuses primarily on military power at the expense of economic diplomacy, it will lose this competition.
For a decade, China has pushed its Belt and Road Initiative—an ambitious project aimed at linking countries around the world through railways, pipelines and other infrastructure financed by Chinese state-owned banks. The U.S. can offer better partnerships to secure countries’ futures while making the U.S. economy more resilient.
Read the full story and more from The Wall Street Journal.
More from CNAS
-
Who Will Make Money on AI?
Reports
Executive Summary The private sector is playing a leading role in advancing the frontier of artificial intelligence (AI). As a result, commercial incentives are likely to have...
By Geoffrey Gertz & Emily Kilcrease
-
USTR Hearing on Section 301 Investigations into Structural Excess Capacity
Congressional Testimony
On May 5, 2026 Emily Kilcrease, Senior Fellow and Director of the Energy, Economics, and Security Program at CNAS testified at the Office of the United States Trade Representa...
By Emily Kilcrease
-
The UAE Wants a Dollar Lifeline
Podcast
Rachel Ziemba joins The Indicator to discuss the relationship between the U.S. and the UAE in terms of investment. Listen to the full interview on The Indicator | Planet Money...
By Rachel Ziemba
-
President Trump Wants to Be Able to Sell the Iran War as a Win
Video
Rachel Ziemba, founder of Ziemba Insights and adjunct senior fellow at the Center for a New American Security, says that investors should look beyond the ending of the Iran wa...
By Rachel Ziemba
