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Energy & Economics
The sharp rise in gold prices signals a strong bullish market trend.

The record gold price reflects a deeper problem than recent global instability

by Hafiz Muhammad Usman Rana

The price of gold has risen to over US$5,000 (£3,662) an ounce for the first time ever, after doubling in value over the course of a very strong 2025 for the precious metal. The usual explanation for such strong rises is that gold is considered a safe bet for investors when other options look a little shaky. High inflation for example, when cash quickly loses value, is often linked to gold price rises. Trade wars and actual wars usually have a similar effect. A common view then, is that gold performs well in moments of instability. But the research I was involved with suggests that gold prices are not simply a reaction to short-term economic events. Instead, they are a response to something deeper, reflecting an overall level of confidence in how economic systems are managed over time. During recent periods of sustained economic stability in the west, gold prices have remained largely flat. The steady growth, moderate inflation and predictable policy of the early 1990s and 2000s for example, were not good times for gold. And rather than responding to every economic peak or dip, the thing that really pushes gold prices up is instability in what’s known as “monetary credibility”. In other words, when there are doubts about whether central banks and governments will be able to maintain discipline over inflation, public debt and currency value over the coming decades. At times like this gold becomes more desirable. This helps explain why gold can continue to rise even as inflation falls, as has happened recently in several big economies, including the US and parts of Europe. And although recent weakness in the dollar and political uncertainty in the US have probably added momentum to gold’s rise, these factors amplify a deeper shift in confidence rather than explain it on their own. Our findings suggest that no single set of macroeconomic variables (like inflation, interest rates and stock prices) consistently explains gold prices across developed and emerging economies. They matter sometimes, but not always. So simple narratives (whether they’re about inflation, or trade wars or the weakening of the US dollar) are not enough to account for today’s gold market. Inflation alone cannot explain why gold prices remain elevated even as headline price pressures have eased. What gold tells us about the world There is more evidence for this in the fact that, according to the World Gold Council, central banks have been buying gold at the fastest pace in decades, particularly since 2022. This has continued even as inflation has fallen in many countries, again suggesting that these decisions are driven by longer term considerations rather than short term price movements. The decisions of central banks reflect concerns about resilience, diversification and trust. And to those banks, gold’s appeal lies squarely in the fact that it carries relatively little risk. It is not issued by a government like fiat currencies. It cannot be created at will like paper money. And it does not depend on the credibility of any single institution. So, in a world of high public debt, geopolitical fragmentation and increasing pressure on central bank independence, gold offers stability and insurance. And its price rises when confidence in the rules governing money becomes uncertain. That uncertainty can persist even when growth resumes or inflation falls. Seen in this light, gold’s recent surge does not signal a kneejerk panic or imminent collapse. Instead, it reflects a reassessment of long-term monetary confidence at a time when governments face difficult trade-offs between debt sustainability, political pressures and price stability. With its current high value, gold is not predicting a specific crisis. Nor does it provide a clear forecast for inflation. But it is revealing something important about the current moment. Markets appear less certain that the frameworks governing money, debt and policy will remain unchanged. That does not mean those systems have failed, but it does suggest their credibility is no longer taken for granted in the way it has been in the past. Gold does not predict the future. But it does offer a window into how confident markets are about the foundations of the world’s economics system.

Energy & Economics
Lake Maracaibo, Venezuela. 18-03-2015.  An rig station are seen on Lake Maracaibo. Photo By: Jose Bula.

Energy Security as Hierarchy: Venezuelan Oil in the US-China-Russia Triangle

by Anya Kuteleva

On 3 January 2026, the US carried out a surprise military operation in Venezuela, capturing President Nicolás Maduro and his wife, Cilia Flores. The US has made little effort to cloak its operation in either solidarist language, such as appeals to democracy promotion, human rights, or liberal peacebuilding – or in pluralist rhetoric emphasizing the preservation of international order. Instead, Washington has presented the action in largely instrumental and strategic terms, signalling a willingness to sidestep both dominant justificatory traditions within international society. While Maduro and Flores are charged with narco-terrorism conspiracy and cocaine importation conspiracy, international debates focus on the future of Venezuela’s oil (Poque González 2026). On 7 January administration officials said the US plans to effectively assume control over the sale of Venezuela’s oil “indefinitely” (Sherman 2026) and President Donald Trump confirmed that he expected the US to run Venezuela, insisting that the country’s interim government was “giving us everything that we feel is necessary” (Sanger et al. 2026). Attention is fixed not only on Washington’s plans for Venezuela’s oil sector and control over its export revenues, but also on the replies from Moscow and Beijing, Maduro’s chief foreign backers and heavyweight players in energy politics. Consequently, this article asks two questions. First, to what extent does American control of Venezuelan oil threaten China’s and Russia’s energy interests? Second, what does the resulting US–China–Russia triangle imply for how energy security itself is being redefined? A constructivist perspective, recognizes that oil is an idea—valuable not only because it burns but because control over it symbolizes power and authority (Kuteleva 2021). Thus, when the US claims the right to supervise Venezuelan oil revenues, it is not only increasing leverage over barrels, but asserting the authority to define legitimate energy exchange itself. In this context, while the material threat is limited for China and already largely sunk for Russia, the symbolic, institutional and political threat is profound. A straightforward constructivist interpretation of the US–China–Russia triangle centres on status. China had cultivated Venezuela as an “all-weather strategic partnership” (Ministry of Foreign Affairs of PRC 2025b) and major debtor, only to watch Maduro captured days after senior Chinese officials visited Caracas (Ministry of Foreign Affairs of PRC 2025a). In constructivist terms, this is an obvious status injury: China appeared present but powerless. China’s energy diplomacy had functioned as proof of its global influence, and the nullification of China’s energy ties with Venezuela by US force undermines China’s narrative as a protective patron for the Global South. Beijing accused Washington of “hegemonic thinking” (Liu and Chen 2026), “bullying” (Global Times 2026a), and violating Venezuelan sovereignty and “the rights of the Venezuelan people” (Global Times 2026b). This strong pluralist language is not incidental—it is a bid to reclaim moral authority and redefine the event as norm-breaking rather than capability-revealing. Similarly, Russia’s involvement in Venezuela was never purely economic. Moscow saw the alliance with Venezuela as a way to advance its anti-American agenda and to signal that it could cultivate allies in Washington’s traditional backyard (Boersner Herrera and Haluani 2023; Gratius 2022; Herbst and Marczak 2019). It used Venezuela as leverage against the US, subsidised the regime during periods of domestic recession, and framed support as proof of great-power reliability. As senior Russian executives put it, “economic considerations took a back seat to political goals of taking swipes at the US” (Seddon and Stognei 2026). US control of Venezuelan oil thus removes a symbolic platform on which Russia enacted its identity as an energy superpower and geopolitical spoiler. While Russia continues loud sovereignty talk, its demonstrated incapacity to protect partners pushes it toward opportunistic bargaining (“concert” deals, see Lemke 2023) rather than overt defense of UN-pluralist restraint. As such, Dmitry Medvedev (2026) bluntly claimed that the US special military operation in Venezuela all but justifies Russia’s own actions in Ukraine. Venezuela is not a core supplier for China in volumetric terms. In 2025, Venezuelan exports to China averaged roughly 395,000 barrels per day—about 4% of China’s seaborne crude imports, according to Kpler data cited by the FT (Leahy and Moore 2026). China has diversified routes, strategic reserves covering at least 96 days of imports, and strong purchasing power in global markets (Downs 2025). Hence, from a narrow supply perspective, the loss of Venezuelan oil is manageable. That said, around one-fifth of China’s crude imports come from suppliers under US or western sanctions, primarily Iran, Venezuela and Russia, much of it disguised via transshipment near Malaysia (Downs 2025). Independent “teapot” refiners (Downs 2017)—who account for about a quarter of China’s refining capacity—are structurally dependent on this discounted, politically risky oil. Consequently, Trump’s seizure of Maduro alarmed China not mainly because of Venezuela itself, but because it demonstrated Washington’s capacity to escalate from sanctions to physical control of an energy sector, and thus potentially to Iran. Here, constructivism reveals the problem: “sanctioned oil” is not simply cheaper crude; it is a political category—oil marked as illegitimate by a dominant legal-financial order. The US move signals that this stigma can be converted into coercive authority, turning commercial vulnerability into geopolitical dependence. This reclassification transforms Chinese domestic actors into security subjects. “Teapot” refiners are no longer just businesses; they become strategic vulnerabilities whose survival depends on US tolerance. Analysis warn that a cutoff of Iranian oil could force many to shut down entirely (Leahy and Moore 2026). In this context, US control of Venezuelan oil reshapes Chinese energy security discourse from one of diversification and market access to one of hierarchy and exposure to political permission. Russia’s oil interests in Venezuela were largely written down years earlier. In 2020, Rosneft had sold most formal assets after pouring around $800m into loans and projects that produced little return (The Economist 2020). Much of the remaining exposure consisted of debts and shadow ownership arrangements. More important is the damage to Russia’s sanctions-evasion architecture. Russia had become the leading marketer of Venezuelan oil by trading crude as debt repayment and using banks partly owned by sanctioned Russian institutions, creating what the 2019 Atlantic Council report described as “a counter financial system to the one dominated by the West” (Herbst and Marczak 2019). The recent reporting on the US tracking a tanker linked to Venezuela, Russia and Iran illustrates how this counter-order is being contested operationally (Sheppard et al. 2026). The vessel sailed under false flags, was sanctioned for carrying Iranian oil, later re-registered under Russian jurisdiction, and became vulnerable to boarding under the UN Convention on the Law of the Sea because it was “without nationality.” Such episodes show that energy security is increasingly constituted by maritime law, insurance rules, and surveillance practices. US control over Venezuelan oil expands this regime of enforcement, making Russia’s informal trading networks less viable. A constructivist approach suggests that American control of Venezuelan oil is best understood not as a supply shock, but as an act of social stratification in the international system. Energy markets have always been hierarchical, but the hierarchy was largely implicit: reserve currencies, shipping insurance, futures exchanges, and contract law already privileged Western institutions. What is new is the explicit performance of hierarchy—the public demonstration that a great power can redefine ownership, legality, and access through coercion and administrative authority. This produces a stratified energy order: First, rule-makers – states whose legal systems, sanctions regimes, and corporate actors define what counts as legitimate oil (primarily the US and its allies). Second, rule-takers – states whose energy security depends on access to these institutions (most importers). And third, rule-evaders – states forced into informal networks (Russia, Iran, Venezuela) whose energy becomes socially “tainted.” China occupies an unstable middle category: economically powerful but institutionally dependent. Venezuela’s takeover publicly signals that material power is insufficient without normative control over legality. Referencias Boersner Herrera, Adriana, and Makram Haluani. 2023. ‘Domestic and International Factors of the Contemporary Russo–Venezuelan Bilateral Relationship’. Latin American Policy 14 (3): 366–87. Downs, Erica. 2017. The Rise of China’s Independent Refineries. Geopolitics. Global Energy Policy at Columbia University, School of International and Public Affairs. https://www.energypolicy.columbia.edu/publications/rise-chinas-independent-refineries/. Downs, Erica. 2025. China’s Oil Demand, Imports and Supply Security. Global Energy Policy at Columbia University, School of International and Public Affairs. https://www.energypolicy.columbia.edu/publications/chinas-oil-demand-imports-and-supply-security/. Global Times. 2026a. ‘China Condemns US Demands for Venezuela to Partner Exclusively on Oil Production as “Bullying,” Breaches of Intl Law: FM – Global Times’. Global Times, January 7. https://www.globaltimes.cn/page/202601/1352547.shtml. Global Times. 2026b. ‘China’s Legitimate Rights and Interests in Venezuela Must Be Safeguarded, Chinese FM Responds to Claim about US to Sell Venezuelan Sanctioned Oil – Global Times’. Global Times, January 7. https://www.globaltimes.cn/page/202601/1352555.shtml. Gratius, Susanne. 2022. ‘The West against the Rest? Democracy versus Autocracy Promotion in Venezuela’. Bulletin of Latin American Research 41 (1): 141–58. Herbst, John E., and Jason Marczak. 2019. Russia’s Intervention in Venezuela: What’s at Stake? Policy Brief. Atlantic Council. https://www.atlanticcouncil.org/in-depth-research-reports/report/russias-intervention-in-venezuela-whats-at-stake/. Kuteleva, Anna. 2021. China’s Energy Security and Relations with Petrostates: Oil as an Idea. Routledge. Leahy, Joe, and Malcolm Moore. 2026. ‘Donald Trump’s Venezuela Action Raises Threat for China’s Oil Supplies’. Oil. Financial Times, January 8. https://www.ft.com/content/f64826fa-5c36-4fb3-8621-ee0b9d9a1ff5. Lemke, Tobias. 2023. ‘International Relations and the 19th Century Concert System’. In Oxford Research Encyclopedia of International Studies. Liu, Xin, and Qingqing Chen. 2026. ‘US Reportedly Sets Demands for Venezuela to Pump More Oil; Experts Say “Anti-Drug” Claims a Pretext, Exposing Neo-Colonialism – Global Times’. The Global Times, January 7. https://www.globaltimes.cn/page/202601/1352544.shtml. Medvedev, Dmitry. 2026. ‘Год начался бурно’. Telegram, January 9. https://t.me/medvedev_telegram/626. Ministry of Foreign Affairs of PRC. 2025a. ‘Foreign Ministry Spokesperson Lin Jian’s Regular Press Conference on January 5, 2026’. January 5. https://www.fmprc.gov.cn/eng/xw/fyrbt/202601/t20260105_11806736.html. Ministry of Foreign Affairs of PRC. 2025b. ‘Xi Jinping Meets with Venezuelan President Nicolás Maduro Moros’. May 10. https://www.fmprc.gov.cn/eng/xw/zyxw/202505/t20250513_11619919.html. Poque González, Axel Bastián. 2026. ‘Energy Security and the Revival of US Hard Power in Latin America’. E-International Relations, January 12. https://www.e-ir.info/2026/01/12/energy-security-and-the-revival-of-us-hard-power-in-latin-america/. Sanger, David E., Tyler Pager, Karie Rogers, and Zolan Kanno-Youngs. 2026. ‘Trump Says U.S. Oversight of Venezuela Could Last for Years’. U.S. The New York Times, January 8. https://www.nytimes.com/2026/01/08/us/politics/trump-interview-venezuela.html. Seddon, Max, and Anastasia Stognei. 2026. ‘How Russia’s Venezuelan Oil Gambit Went Awry’. Venezuela. Financial Times, January 9. https://www.ft.com/content/e09a6030-325f-4be5-ace3-4d70121071cb. Sheppard, David, Chris Cook, and Jude Webber. 2026. ‘US Tracking Oil Tanker off UK Coast Linked to Venezuela, Russia and Iran’. Shipping. Financial Times, January 6. https://www.ft.com/content/a699169a-983a-4472-ab23-54bceb9dd2bd. The Economist. 2020. ‘Why Putin’s Favourite Oil Firm Dumped Its Venezuelan Assets’. The Economist, April 2. https://www.economist.com/leaders/2020/04/02/why-putins-favourite-oil-firm-dumped-its-venezuelan-assets.

Energy & Economics
Silhouette of drilling rigs and oil derricks on the background of the flag of Venezuela. Oil and gas industry. The concept of oil fields and oil companies.

Trump, China and 300 billions barrels of Venezuelan oil

by Jeanfreddy Gutiérrez Torres

As the US powers ahead with its plans to recover Latin America’s ‘oil El Dorado’, we explore Venezuela’s environmental and geopolitical outlook. “Uninvestable”. That was the verdict on Venezuelan oil delivered by Exxon’s CEO, Darren Woods, earlier this month. He was speaking at the White House with the US president Donald Trump and representatives from 17 oil companies. Nevertheless, following the extraction of Venezuela’s president, Nicolás Maduro, Trump plans to revive the country’s flailing industry. He says a USD 100 billion investment will be geared towards resurrecting the “oil El Dorado” of the 1990s. He has takers. After Woods’ White House comments, the US energy secretary Chris Wright said the US oil and gas company Chevron, the UK’s Shell, Spain’s Repsol and Italy’s Eni were all willing to “immediately increase” investment in Venezuela. He added that a dozen other companies were also interested, while dismissing the doubts expressed by Exxon and ConocoPhillips. Any company following Trump to the country will have to deal with uncertainty – and the estimated USD 1 billion cost of the failed nationalizations enacted by Venezuela’s former president, Hugo Chávez. According to Venezuela’s Centre for the Dissemination of Economic Information (Cedice), the government expropriated several thousand between 1999 and 2019. Independent experts estimate the bill for success will reach USD 180 billion – nearly double that announced by Trump. On the other hand, some companies will be encouraged by successful gas operations in Venezuela. For example, the Perla (Cardón IV) field, which covers the entire domestic demand for gas and is operated by Repsol. And Chevron has been able to continue operating in the country, despite a barrage of economic sanctions initiated by the US under Trump in 2017. Demands and first legal changes Trump has claimed the US could be making money from Venezuelan oil in 18 months. Venezuelan oil experts say this will require a fiscal and contractual framework that does not exist today, and a decade of “arduous democratic work”. The economist José Manuel Puente estimates it will require an investment of USD 180 billion and 15 years of institutional work. Patrick Pouyanné, CEO of the French oil company TotalEnergies, thinks similarly. Without a legal framework that guarantees rights, he says, it would be too expensive and slow to return to production of three million barrels a day. Last week, Venezuela’s interim government responded by announcing that the acting president, Delcy Rodríguez, will send a new Hydrocarbons Law to the national assembly, as well as another for streamlining procedures. The interim government’s strategy is to further “production sharing contracts”. These would allow foreign companies to recover their investments by selling a portion of the extracted crude oil. However, interested foreign oil companies are pushing for greater changes. Reuters has reported that they are seeking to reduce the tax burden by returning to a royalty payment model. They also want the right to sell the majority of the oil, by gaining access to export infrastructure. This infrastructure, currently dilapidated and faulty, includes thousands of kilometers of oil and gas pipelines, 16 shipping terminals, 153 gas compression plants and six large oil refineries. The economy responds Following the capture of Maduro, the Caracas stock market benefitted from a 124% rise, accompanied by a fall in the black market exchange rate. This has been attributed to news that the first sale of Venezuelan oil through the US will generate USD 330 million. This will go to five private Venezuelan banks through the Central Bank of Venezuela. To facilitate this, Rodríguez has announced the creation of two sovereign funds. One will raise the salaries of public employees; the other will address Venezuela’s frequently deficient public services. The minimum wage in Venezuela is VES 130 (USD 0.38) per month. In May 2025, Maduro decreed a “minimum comprehensive indexed income” for public workers of USD 160 per month. This was to be issued through special bonds paid in Venezuelan bolívars at the official exchange rate. In the private sector, the average income was USD 237 per month at the beginning of 2025. The interim government has announced a host of other changes, including the modification of eight legal codes. For her part, the acting president has announced reforms to laws on electricity services and industrial intellectual property. She has also made reference to legislation on agreed prices and socio-economic rights, which aim to maintain a mixed economic model that combines openness with state involvement. Whether these reforms will bring the stability US oil companies need to safely (and profitably) operate remains to be seen. Logistics and corruption Venezuelan oil is plentiful, but it is also of poor quality. The estimated 300 billion barrels in the reserves of the Orinoco belt – the largest oil deposit in the world – consist of heavy and extra-heavy crude oil. These are the most difficult to extract, transport and refine. This has raised doubts among experts, who point to the need for maritime insurance, as well as the risks attached to the poor condition of the country’s pipelines and other facilities. Whether this oil will be refined in Venezuela or shipped to refineries in the United States is another uncertainty. As Patrick Galey, head of fossil fuel investigations for the climate justice campaign group Global Witness, wrote earlier this month: “You would have to be forced at gun point to try to make money from [Venezuelan oil].” Then there are security concerns. Despite Trump’s promise of protection for oil companies, his administration has advised its citizens to leave the country over Chavista militia kidnap fears. The administration is considering the use of private companies to secure oil facilities. It is still difficult to know whether a transition to democracy is possible and when elections can be held. As things stand, Venezuela continues to be run by the same government that has accumulated dozens of corruption cases. For example, a scandal implicating executives of PDVSA (Venezuela’s state oil company) in illegal activities related to cryptocurrencies led to USD 16 billion in losses. Meanwhile, a railway network funded using billions of dollars worth of Chinese investment has never been completed. The role of China Venezuela has played a key role in the story of Chinese investment in South America, becoming its biggest debtor. Following the actions of the US government, Venezuela finds itself once again split between superpowers. Venezuelan imports account for just 3% of China’s total crude oil purchases, according to an analysis published this month by the Center on Global Energy Policy – a think-tank based at Columbia University in the US. But the analysis also highlights the importance of these imports to China’s “teapot refineries”, which specialize in processing unconventional crude oil. Venezuela’s debt to China is estimated to be between $10 billion and $19 billion. This is being paid off slowly with crude oil shipments, prompting Chinese officials to approach their Venezuelan and US counterparts to try and obtain payment guarantees. Some analysts have suggested that a stabilizing of Venezuela’s economic situation and a lifting of US sanctions could actually increase the chances of Chinese development banks recouping their investments. The environmental issue, pending The full environmental impacts of a Venezuelan oil recovery are unclear. While it would not involve exploitation in new protected areas or Indigenous territories, significant concerns remain. These include the tens of millions of dollars’ worth of methane gas that leaks from damaged pipelines, as reported by Bloomberg Green. And more methane gas is lost through flaring, for which Venezuela ranks fifth worldwide. Some onlookers have suggested that greater transparency and better technology could improve this situation. This view is not shared by Juan Carlos Sánchez, co-winner of the 2007 Nobel Peace Prize for his work as an Intergovernmental Panel on Climate Change author. Sánchez, who also worked at PDVSA for 21 years, told Dialogue Earth he does not foresee a positive environmental scenario: Trump promotes climate denialism, while the track records of oil companies operating in other Latin American countries are littered with environmental damage. “In my experience, when oil companies decide to cut costs to increase profits, the budgets that are most affected are environmental projects,” said Sánchez. Moreover, he adds, Venezuela lags considerably in terms of institutional frameworks regarding climate change. “Only a Venezuelan government that is genuinely interested in environmental issues and policies will be able to demand environmental safeguards in the future.” References Business Insider. (2026, January 22). Exxon CEO calls Venezuela ‘uninvestable’ during meeting with Trump. Business Insider. https://www.businessinsider.com El País. (2026, January 22). Trump insta a las petroleras a invertir 100.000 millones de dólares en Venezuela para controlar la industria. El País. https://elpais.com Swissinfo.ch. (2026, January 22). EEUU asegura que Chevron, Shell y Repsol “elevarán de inmediato” su inversión en Venezuela. Swissinfo.ch. https://www.swissinfo.ch Yahoo Finanzas. (2026, January 22). Venezuela tendrá que pagar a Exxon menos de 1.000 mln dlrs por nacionalización de activos. Yahoo Finanzas. https://es-us.finanzas.yahoo.com PaisdePropietarios.org. (2026). ”Exprópiese”: la política expropiatoria del “Socialismo del Siglo XXI”. PaisdePropietarios.org. https://paisdepropietarios.org Repsol. (2026). Perla (Cardón IV) field details. Repsol. https://www.repsol.com Euronews. (2026, January 22). ¿Por qué Chevron sigue operando en Venezuela pese a las sanciones de Estados Unidos?. Euronews. https://es.euronews.com elDiario.es. (2026, January 22). Estados Unidos necesitará más de una década para resucitar El Dorado petrolero de Venezuela. ElDiario.es. https://www.eldiario.es El Colombiano. (2026, January 22). ”Recuperar la producción petrolera en Venezuela tomaría 15 años y hasta US$180.000 millones”, José Manuel Puente, economista venezolano. El Colombiano. https://www.elcolombiano.com Asamblea Nacional de Venezuela. (2026). Hydrocarbons Law draft. https://www.asambleanacional.gob.ve Petroguía. (2026). Production sharing contracts overview. https://www.petroguia.com Reuters. (2026). Companies seek reduced tax burden, export access [Headline varies]. https://www.reuters.com Cedice. (2026). Venezuela oil and gas pipeline infrastructure details. https://cedice.org.ve Scribd. (2026). Map of Venezuelan oil refineries and facilities. https://es.scribd.com Bloomberg. (2026). Caracas stock market reaction and data. https://www.bloomberg.com Sumarium.info. (2026). First oil sale through U.S. channels data. https://sumarium.info Banca y Negocios. (2026). Average private sector income data. https://www.bancaynegocios.com Comisión Interamericana de Derechos Humanos. (2026). Venezuelan migrant photo and context. Flickr. https://www.flickr.com Globovisión. (2026). Legal code modifications announcement. https://www.globovision.com Bitácora Económica. (2026). Electricity services reform reference. https://bitacoraeconomica.com Cuatrof.net. (2026). Socio economic rights legislation reference. https://cuatrof.net Infobae.com. (2026). Refinery uncertainty and U.S. oil imports. https://www.infobae.com LinkedIn. (2026). Patrick Galey quote on Venezuelan oil risks. https://www.linkedin.com La Razón. (2026). Kidnap fears among Chavista militia detail. https://www.larazon.es CNN Español. (2026). Private security company oil protection reference. https://cnnespanol.cnn.com Transparencia Venezuela. (2026). PDVSA corruption cases and figures. https://transparenciave.org El Clip. (2026). Unfinished Chinese funded railway network reference. https://www.elclip.org Wilson Center. (2026). Venezuela China financing/debt relationship. https://www.wilsoncenter.org Center on Global Energy Policy. (2026). Analysis of China’s share of Venezuelan imports. https://www.energypolicy.columbia.edu Contrapunto. (2026). Chinese “teapot refineries” processing explanation. https://contrapunto.com New York Times. (2026). Venezuela debt to China and negotiations coverage. https://www.nytimes.com Bloomberg Línea. (2026). Chinese approaches to payment guarantees. https://www.bloomberglinea.com Bloomberg Green. (2026). Methane leakage and environmental concern details. https://www.bloomberg.com El País. (2026). Environmental transparency and technology quote. https://elpais.com LinkedIn. (2026). Juan Carlos Sánchez environmental outlook quote. https://www.linkedin.com Climatica.coop. (2026). Trump climate denialism reference. https://climatica.coop RAISG.org. (2026). Venezuela climate change framework context. https://www.raisg.org

Energy & Economics
african map with flags on chinese yuan bills, belt and road investment concept

International Cooperation Between China and Africa: The New Silk Road.

by Danna Fernanda Mena Navarro

1. Introduction The relationship between China and Africa has become one of the most influential geopolitical dynamics of the 21st century. For China, Africa represents a strategic source of raw materials, an emerging market of 1.4 billion people, and a key partner for strengthening its political influence within international organizations. For Africa, China has represented an alternative to traditional Western financing, capable of offering infrastructure, investment, and trade openness without explicit political conditions. However, this relationship has also generated debates regarding economic dependency, debt risks, and the real balance between mutual benefit and power. 2. Theoretical Framework: Realism, Core–Periphery, and Interdependence 2.1 Realism From a realist perspective, China’s engagement can be interpreted as a strategy to strengthen state power, secure energy resources, increase its influence vis-à-vis the United States, and promote international recognition of the People’s Republic of China over Taiwan. 2.2 Core–Periphery Theory Following Wallerstein, the China–Africa relationship reflects a core–periphery dynamic: China, as an industrialized country with high technological capacity, occupies the core, while African states, as exporters of raw materials, occupy the periphery. However, China seeks to project a narrative of mutual benefit in order to differentiate itself from former European colonial powers. 2.3 Power Transition Theory China’s rise demonstrates how an emerging power can alter the international system. Examples include Deng Xiaoping’s economic opening (1978), accelerated industrialization, and strategic global integration through the Belt and Road Initiative (BRI). 3. Historical Evolution of the China–Africa Relationship The formal relationship was consolidated in the 1960s, but it was significantly strengthened in the 21st century through mechanisms such as the Forum on China–Africa Cooperation (FOCAC), established in 2000. This period has been characterized by billions of dollars in foreign direct investment and the integration of African ports into the New Silk Road. Africa came to view China as a non-colonial partner, while China found diplomatic support that enabled it to occupy China’s seat at the United Nations in 1971 as the “legitimate China.” 4. Key Data and Statistics of the China–Africa Economic Relationship From a realist perspective, the volume of China’s trade and investment in Africa does not respond solely to economic dynamics, but rather to a deliberate strategy of accumulating structural power. Secured access to oil, critical minerals, and strategic metals is essential for sustaining China’s industrial growth and reducing its vulnerability to external disruptions, particularly in a context of systemic competition with the United States. Likewise, from a core–periphery perspective, the composition of bilateral trade reproduces classic patterns of unequal exchange, in which Africa continues to export primary goods with low value added while importing manufactured goods and technology. Although China discursively distances itself from European colonialism, the data suggest that the structure of exchange maintains asymmetries that may limit the autonomous industrial development of the African continent. 4.1 Bilateral Trade Trade between China and Africa reached USD 282 billion in 2023, making China the continent’s largest trading partner. African exports to China consist of approximately 70% oil, minerals, and metals. China primarily exports machinery, textiles, electronics, and vehicles. 4.2 Investment and Infrastructure Projects Between 2013 and 2023, China financed more than 10,000 km of railways, 100,000 km of roads, and over 100 ports in Africa. China is responsible for approximately 31% of total infrastructure investment on the continent. 4.3 Debt Africa’s debt to China amounts to approximately USD 73 billion. In countries such as Angola and Kenya, Chinese debt accounts for more than 20% of their total external debt. 5. Country-Specific Examples The cases of Ethiopia, Kenya, Angola, and Zambia demonstrate that China’s cooperation is not homogeneous, but rather strategically differentiated according to each country’s geopolitical and economic importance. Ethiopia, as Africa’s diplomatic hub and host of the African Union, is key to China’s political projection on the continent. Kenya and Angola stand out for their logistical and energy value, respectively, while Zambia illustrates the financial limits of this model of cooperation. From the perspective of interdependence theory, these relationships generate mutual benefits, but in an asymmetric manner: China diversifies trade routes, secures resources, and expands its influence, while African countries obtain infrastructure, often at the cost of increased financial vulnerability. In this sense, Africa is not merely a passive recipient, but a central space in the architecture of China’s global rise. 5.1 Ethiopia: A Symbol of Cooperation Ethiopia is one of China’s main allies in Africa. The Addis Ababa–Djibouti railway represents an investment of approximately USD 4 billion, almost entirely financed by China. In 2022, Ethiopia exported more than USD 200 million in agricultural and mineral products to China. 5.2 Kenya: Infrastructure and Debt The Mombasa–Nairobi railway, valued at approximately USD 3.6 billion, is the most expensive infrastructure project in Kenya’s history. Kenya owes China around USD 6.3 billion, equivalent to nearly 20% of its external debt. 5.3 Angola: Oil as Collateral Angola is one of China’s main oil suppliers. A significant portion of Angola’s debt to China is repaid through oil shipments, creating a form of structural dependency. 5.4 Zambia: Risk of Over-Indebtedness Zambia was the first African country to fall into default in the post-pandemic period. China is its principal bilateral creditor, with more than USD 6 billion in outstanding loans. 6. The New Silk Road in Africa Africa’s incorporation into the Belt and Road Initiative (BRI) should be understood as an extension of China’s broader project to reconfigure the international system. Maritime and port corridors in East Africa not only facilitate trade, but also reduce China’s dependence on routes controlled by Western powers, thereby strengthening its strategic autonomy. East Africa is central to the maritime expansion of the BRI. It offers strategic ports in Djibouti, Kenya, Tanzania, and South Africa, as well as new maritime corridors that allow China to connect Asia with the Red Sea and the Mediterranean. For African countries, this integration represents greater commercial connectivity, access to modern infrastructure, and regional logistical opportunities. From the perspective of power transition theory, the BRI in Africa constitutes a key instrument through which China consolidates its position as an emerging global power, gradually displacing the traditional influence of Europe and the United States on the continent. For Africa, this integration offers opportunities for connectivity and development, while simultaneously reinforcing its centrality as a space of global geopolitical competition. 7. Criticisms of China’s Role in African Debt 7.1 Accusations of “Debt-Trap Diplomacy” China is accused of using large-scale loans to obtain strategic influence, as illustrated by the case of the Hambantota Port in Sri Lanka, although it lies outside the African continent. Similar concerns exist in Kenya regarding the port of Mombasa. Accusations of “debt-trap diplomacy” must be analyzed beyond normative discourse. While not all cases confirm a deliberate strategy of financial domination, the concentration of debt in a single creditor limits the room for maneuver of African states, especially in times of crisis. From a structural perspective, debt becomes a mechanism of indirect influence that can translate into political concessions, preferential access to resources, or diplomatic alignments favorable to China in international forums. Nevertheless, it is also true that responsibility lies partly with African governments, whose negotiation capacity and strategic planning are decisive in avoiding scenarios of prolonged dependency. 7.2 Lack of Transparency Loan contracts may include confidentiality clauses, resource-backed guarantees, and high penalties for renegotiation. 7.3 Long-Term Dependency For fragile states, the concentration of debt in a single creditor limits political and economic autonomy over the long term. 7.4 China’s Position China rejects these accusations and maintains that it has renegotiated and forgiven billions of dollars in debt. It argues that its loans are long-term, carry moderate interest rates, and that its cooperation is based on “mutual benefit” rather than imposition. 8. Conclusion The China–Africa relationship is complex, strategic, and multidimensional. It presents significant opportunities for African development, but also poses risks related to debt, economic dependency, and political influence. The challenge for Africa is to negotiate from a stronger position, diversify its partners, and ensure that agreements with China translate into sustainable long-term development. The core–periphery relationship between China and Africa constitutes one of the most relevant axes of the contemporary international system. Through trade, investment, infrastructure, and financing, China has consolidated itself as a central actor in African development while simultaneously strengthening its global projection as an emerging power. For African countries, this relationship offers real opportunities for growth, modernization, and integration into the global economy. However, these benefits will only be sustainable if accompanied by national strategies aimed at productive diversification, financial transparency, and collective negotiation vis-à-vis external actors. Looking toward the future of the international system, China–Africa cooperation reflects a transition toward a more multipolar order, in which emerging powers challenge traditional structures of power. Africa, far from being a peripheral actor, is emerging as a decisive space in the redefinition of global balances. The central challenge will be to transform this centrality into autonomy and sustainable development, avoiding the reproduction of old dependencies under renewed narratives. References - Castro, G. (2022). EL ASCENSO DE CHINA Y LAS TEORÍAS VERTICALES DE RELACIONES INTERNACIONALES: CONTRASTANDO LAS LECCIONES DE LAS TEORÍAS DE LA TRANSICIÓN DE PODER Y DEL CICLO DE PODER. Revista Uruguaya de Ciencia Política, 19(1), 185–206. http://www.scielo.edu.uy/scielo.php?pid=S1688-499X2010000100008&script=sci_arttext&tlng=en - Deutsche Welle (www.dw.com). (s. f.). China se apodera de Europa, Parte 1. DW.COM. Recuperado 2 de marzo de 2022, de https://www.dw.com/es/china-se-apodera-de-europa-la-nueva-ruta-de-la-seda-parte-1/a-56125389#:%7E:text=La%20Nueva%20Ruta%20de%20la%20Seda%20es%20el,de%20ferrocarril%20y%20carreteras%20en%20todo%20el%20mundo. - Gil, A. (2020, 15 abril). La teoría del Centro Periferia - Mapas de. El Orden Mundial - EOM. Recuperado 6 de abril de 2022, de https://elordenmundial.com/mapas-y-graficos/la-teoria-del-centro-periferia/#:%7E:text=Esta%20teor%C3%ADa%20viene%20a%20decir,que%20podemos%20ver%20hoy%20d%C3%ADa - Gonzalez Aspiazu, I. (2016, septiembre). La ayuda para el desarrollo de China en África. ¿Una alternativa a las relaciones de cooperación tradicionales? Universidad Complutense de Madrid Facultad de Ciencias Políticas y Sociología. Recuperado 2 de marzo de 2022, de https://eprints.ucm.es/id/eprint/48098/1/21-2017-12-21-CT09_Iratxe%20Gonazalez.pdf - Iraxte González Aspiazu (2016). La ayuda para el desarrollo de China en África. ¿Una alternativa a las relaciones de cooperación tradicionales?. Cuadernos de Trabajo. Universidad Complutense de Madrid. https://eprints.ucm.es/id/eprint/48098/1/21-2017-12-21-CT09_Iratxe%20Gonazalez.pdf - Lechini, G. T. (2013). China en África: discurso seductor, intenciones dudosas. Ministerio de Relaciones Exteriores de la República Popular China. (2021, 1 diciembre). La VIII Conferencia Ministerial del FOCAC ha sido un éxito rotundo. Recuperado 2 de marzo de 2022, de https://www.fmprc.gov.cn/esp/zxxx/202112/t20211202_10461234.html - Moral, P. (2019, 31 agosto). China en África: del beneficio mutuo a la hegemonía de Pekín. El Orden Mundial - EOM. Recuperado 6 de abril de 2022, de https://elordenmundial.com/china-en-africa/

Energy & Economics
Automated AI industry robot and robotic arms assembly in factory production. Concept of artificial intelligence for industrial revolution and automation manufacturing process NLP

Seven emerging technologies shaping the future of sustainability and innovation

by World & New World Journal

Introduction Technological innovation is accelerating at an unprecedented pace, reshaping how societies generate energy, transport people and goods, produce food, fight disease, and explore space. Across multiple sectors, groundbreaking solutions are emerging in response to global challenges such as climate change, public health threats, energy insecurity, and resource scarcity. This article examines seven transformative technologies — from wireless electric-vehicle charging roads and regenerative ocean farming to graphene applications and disease-eliminating robots — each demonstrating how science and engineering are redefining sustainability, resilience, and human capability in the 21st century. 1. Wireless Electric Vehicles Charging Roads Electric Vehicles (EVs) have become key technology to decarbonise road transport, a sector that accounts for over 15% of global energy-related emissions. The increase of their sales globally exceeded 17 million in 2024, and it is forecasted to surpass the 20 million units by 2025. (IEA, 2025) Source: IEA analysis based on country submissions and data from the European Automobile Manufacturers Association (ACEA), European Alternative Fuels Observatory (EAFO), EV Volumes and Marklines. Despite this growth, several concerns continue to slow down their widespread adoption. Limited charging infrastructure, battery-related autonomy issues, high purchase costs, slow charging times, and the environmental impact of the battery productions remain major obstacle. The broader EV industry, however, is actively developing new technologies to overcome these challenges. (Automotive Technology, 2025) In this context, one of the most pressing challenges is energy supply – specifically, the need for better batteries and more accessible charging points. To address this bottleneck, a promising new trend has emerged: wireless roads capable of charging EVs while they drive. This technology could fundamentally transform the charging experience and significantly reduce dependence on stationary chargers. The idea is simple, a system that supplies power to EVs while driving, using embedded inductive coils (wireless charging) or conductive rails on the road, in other words a dynamic or in-motion charging on the road. In fact, this technology already exists and there are several examples worth mentioning: - South Korea: introduced in 2013, the first road-powered electric vehicle network, in which electrical cables were buried below the surface and wirelessly transfer energy to the electric vehicles via magnetic resonance. An electrified road has the advantage of eliminating the plug-in infrastructure and vehicles usually require a smaller battery, reducing weight and energy consumption. In 2009, KAIST introduced the OLEV (online electric vehicle), a type of EV that uses wireless dynamic charging through inductive coils embedded in the road. The OLEV public transport buses were later used in the 2013 first electric road in the city of Gumi, which consisted of a network of 24 km, by 2015 the number of OLEV buses increased to 12 (Anthony, 2013) and another bus line was launched in Sejong that same year. (SKinno News, 2021)- Sweden: a 1.6 km road linking Stockholm Arlanda airport to a logistic site outside the capital city was a pilot project achieved in 2016. (The Guardian, 2018), (Carbonaro, 2022) However, the Swedish government didn’t stop there and by 2020 they built a wireless road for heavy trucks and buses in the island city of Visby, and they are planning to expand it to the 13-mile E20 highway – logistic hub between Hallsberg and Örebro – and even have a plan of further 3,000 km of electric roads in Sweden by 2035. (Min, 2023), (Dow, 203)- USA: a quarter mile (400 m) section of road through the Corktown area of Detroit was changed to a wireless electric road. Electreon was the company in charge of the project. (Paris, 2024), (6abc Philadelphia, 2025)- France, Norway and China: Electreon – a leading provider of wireless charging solutions for EVs – has partnered and gained projects for wireless highways in France – a section of the A10 highway (Electric Vehicle Charging & Infrastructure, 2023) –, Norway – evaluation of wireless charging for AtB’s BRT routes in Trøndelag (Foster, Electreon to install the first wireless electric road in Norway, 2023) – and China – not wireless but in an 1.8 km electrified highway in Zhuzhou. (Foster, China demonstrates electrified highway, 2023) While all these examples show a “tendency” to switch into wireless roads, it is important to highlight three points to keep that are decisive and have slowed down the transition: in first place, these wireless roads are being targeted mainly for freight trucks and buses, the second point is the initial cost of the infrastructure is high and third point is the technology that should be added to the EVs. 2. Fire Suppression Using Sound Waves Seth Robertson and Viet Tran, engineering students from George Mason University in Virginia designed a fire extinguisher that uses sound waves to put out flames. Their device emits low-frequency sound waves that disrupt the conditions necessary for a fire to sustain itself, meaning that no foam, powder, chemicals or water are needed to extinguish a fire, just sound. In order to understand how it can be possible to extinguish fire with sound it is necessary to remember that a fire needs heat, fuel and oxygen to survive, if one of these elements does not appears, there is no fire, under this principle, Robertson and Tran’s prototype uses sounds to separate the oxygen from the flame, as a result, the fire extinguish. The interesting part is that the sound must have the right frequency, specifically between 30 to 60 Hz – low frequency sounds. The sound waves will act as pressure waves moving the air molecules back and forth, and in the right frequency, the movement will disrupt the flames’ structure, separating the oxygen molecules and the fire will simply die out with the lack of these molecules. Potential applications include small kitchen fires or small fires, while unfortunately, large-scale structural or wildland fires still remain a challenge, mostly due to the environmental factors, like wind, air density and flame intensity, that can be a hurdle in uncontrolled environments. Moreover, the generation of low-frequency sound waves powerful enough to suppress fires requires a significant amount of energy. Nonetheless, an early prototype consists of an amplifier to generate low-frequency sound and a collimator to focus the sound waves directly on the fire, and as mentioned before, one limitation is that specialized equipment is required to produce the high-pressure sound waves. Still, research has been carried out recently and it is expected that this technology could be a non-destructive and less damaging method for firefighters soon. https://www.youtube.com/watch?v=uPVQMZ4ikvM 3. Regenerative Ocean Farming Regenerative ocean farming is a climate-friendly model of aquaculture where seaweed and/or shellfish are grown in a way that requires no freshwater, feed or fertilizer, as the crops naturally filter nutrients from the water and capture carbon and nitrogen. This farming model can benefit coastal ecosystems and communities by increasing food security, creating jobs, improving water quality, protecting coastlines, supporting ocean justice (Urban Ocean Lab, 2023) and most importantly, mitigating climate change. Ocean farming can rely on a polyculture system – cultivate a mix of shellfish and seaweeds – or just a single species system. While the climate conditions determine the species to grow, it does not affect the system itself. The system follows a vertical layer farming way, in which farms use ropes that extend vertically from the surface to the seabed, in addition to the use of different levels and cages for scallops, oysters or clams, for example, as shown in Figure 2. Other species like kelp, abalone, purple sea urchins or sea cucumbers can also be harvested. Figure 2: Ocean farming diagram. Source: Urban Ocean Lab The big advantage is the maximization of the ocean space, producing more food in a smaller footprint, in addition to the use of the benefits of the species – seaweed and shellfishes – which are both natural filters that help to clean the water and absorb excess nutrients, combating ocean acidification and reducing marine pollution (Hassan, 2024) naturally. Moreover, the versatility of these species allows them to use them in other areas, such as biofuels, soil fertilizers, animal feed or cosmetics and not only for human food. Around the world, there are several projects that have adopted this methodology (Hassan, 2024): 1. GreenWave (USA): increased biodiversity by 50%, reduced nitrogen level in water by 20% and created sustainable job opportunities for locals.2. Ocean’s Halo (Ireland): annual harvest of 500 tons of kelp, creation of 20 jobs in rural areas and carbon footprint reduction by 30%3. Kitasaku Marine (Japan): Nori production increased by 25%, coastal water quality improved by 15% and local support of 50 locals.4. Catalina Sea Ranch (USA): harvested 1 million pounds of mussels annually, increased local biodiversity by 20% and created 10 new jobs.5. Blue Ventures (Madagascar): harvested 146 tonnes of red seaweed, plus they have created a sea cucumber market with a value of $18,000 and 700 farmers have been trained to farm in the ocean. (Blue Ventures Conservation, 2015)6. Havhøst (Ocean Harvest) (Denmark): they are growing seaweed, mussels and the European flat oyster in 30 communities along the Danish coast. In addition, they focus on educational activities to introduce ocean farming to more people. (Waycott, 2022) Overall ocean farming creates a positive environmental impact; it provides a sustainable food source and economic opportunities for the local people and the industry. Of course it faces challenges, but it has become a way to mitigate climate change and protect the ocean. 4. Wave Energy Generators There are two types of waves. Surface waves are generated by a combination of wind passing over the sea’s surface raising up water and gravity pulling it back down. In a technical way, warm air rises and expands, creating areas of low pressure compared to places with cooler air. Air then moves from high-pressure areas to low-pressure areas. This movement of air is wind and when it rushes across the surface of the Earth it creates waves in oceans. (Lumley, 2025) On the other hand, underwater waves are sound waves produced by earthquakes or volcanic eruptions; these waves travel by compressing and expanding the water. (Kadri, 2025) In both cases temperature variations and other factors can affect the nature of the waves. For instance, wave energy or wave power harnesses the ocean’s waves to generate energy by converting a wave’s kinetic energy into electricity. Wave power is a form of renewable and sustainable energy which has potential cost benefits over solar and wind but faces technological challenges limiting its large-scale adoption in electricity generation and water desalination. (Lumley, 2025) The nature of the waves makes wave energy the world’s largest source of energy with a potential of annual global production of 29,500 TWh, according to the Intergovernmental Panel on Climate Change (IPCC, 2012). In addition, it works well in tandem with other renewables such as wind. (Ocean Energy Europe, s.f.) In terms of technology itself, wave energy has relied on the next devices: 1. Point absorbers: floating buoys that capture the vertical movement of waves, which then is harnessed through a cable anchored to the seabed. The vertical movement of the waves is subsequently transformed into electricity via converters (alternators, generators or hydraulic systems). These are usually mounted on the seabed in shallower water and are connected to the floating buoys.2. Oscillating water columns (OWCs): a partially submerged, hollow structure connected to an air turbine through a chamber. These devices use the rise and fall of the waves to compress air, the air is forced to move back and forth in the chamber and creates a strong air flow that powers the turbine, generating electricity.3. Overtopping devices: a floating structure made of segments linked together, which lifts up and down with the waves. These devices harness wave energy by allowing waves to flow into a reservoir, which then releases the water through turbines to generate electricity. Design, flow dimensions, turbine efficiency and structural elements influence their efficiency. Source: BKV Energy Despite its huge potential and considering it as a clean energy source with no GHG emissions, the main concern related to wave energy is the marine life affectation – including habitat alteration, noise pollution or collision risks for marine life. On the other hand, high costs, complex design, maintenance and technological constraints also have become a problem, still, the potential of this continuous energy is huge compared to the more limited wind energy, for example. (Lumley, 2025) Despite all that, there are some active projects being developed in different parts of the world, for example: Azura Wave Power (tested in Hawaii), Anaconda WEC (UK’s prototype), CalWave (in California), CETO (tested in Australia and expected to be tested in Spain too), Crestwing (tested in Denmark), HiWave-5 (Swedish-based tested in Portugal), the Wave Energy Program (in India) or the Ocean Grazer WEC (developed in The Netherlands), among many others. (Wikipedia, 2019) 5. SpinLaunch SpinLaunch is a spaceflight technology development company working on mass accelerator technology to move payloads to space. This innovative space company is known for their Meridian Space and their Suborbital Accelerator. The Meridian Space is a low-cost, highly differentiated LEO satellite communications constellation which offers speed, reliability and flexibility (SpinLaunch, 2025). The company has partnered, and investments have been achieved in order to launch 280 satellites (Berger, 2025) as part of their satellite constellation, which will satisfy the needs in any area needed such as maritime, national security, communications, corporate networks, aviation, military, etc. The highlight of these satellites is their mass that is only 70 kg, and its facility to be launched in one or two rockets. On the other hand, SpinLaunch is aiming to build a kinetic launch system that uses centrifugal force instead of traditional rockets and spins a rocket around at speeds up to 4700 mph (7,500 km/h) before sending it upward toward space. At 60 km or so altitude, the rocket would ignite its engines to achieve orbital velocity. To achieve this, they have built a Suborbital Accelerator prototype, in Spaceport America, New Mexico. This prototype is a 33-meter vacuum chamber that can launch payloads from 800 to 5000 mph. Several tests have already been carried out, being the 10th the latest on September 27th, 2025. (Young, 2025) SpinLaunch hopes to have a 100-meter Orbital Lauch system by 2026. The engineering behind these systems is as follows: both systems are circular accelerators, powered by an electric drive that uses a mechanical arm to sling payloads around in circles to reach incredibly high speeds of up to 5,000 mph. They then release the payload through a launch tube and spaceward. (Young, 2025) The company claims that their method is cheaper as it eliminates 70% of the fuel compared to the traditional rocket launch, in addition, the infrastructure is less, and it is more environmentally friendly than the traditional methods. However, the limitations are seen in the payload weight (no more than 400 kg per payload) and their resistance (payloads must be able to withstand up to 10,000 G’s of force during the centrifugal acceleration process) Source: SpinLaunch. 6. Disease-Eliminating Robots “Disease-eliminating robots” encompass a diverse set of robotic and AI-driven systems designed to prevent, monitor, and treat infectious diseases while minimizing human exposure to risk. These technologies operate at multiple scales — from environmental disinfection in hospitals to microscopic interventions inside the human body. Environmental disinfection robots are among the most established applications. Devices such as Xenex and UVD Robots utilize pulsed ultraviolet (UV-C) light to destroy viral and bacterial DNA, effectively sterilizing hospital rooms within minutes (UVD Robots, 2023; Xenex, 2024). Others deploy vaporized hydrogen peroxide (VHP) to disinfect enclosed environments like train carriages and operating rooms (WHO, 2022). These systems substantially reduce hospital-acquired infections (HAIs) and cross-contamination risks. In medical and clinical settings, robotics contribute to precision and safety. Surgical robots such as Intuitive Surgical’s da Vinci and Ion platforms enable minimally invasive operations with reduced infection risk and faster recovery times (Intuitive Surgical, 2024). At the microscopic level, nanorobots are under development for targeted drug delivery, capable of navigating the bloodstream to deliver chemotherapy agents directly to tumor sites, thereby minimizing systemic side effects (Lee et al., 2023). Meanwhile, biofilm-removing microbots are being engineered to eradicate bacterial colonies on medical implants and dental surfaces (Kim et al., 2022). Automated systems are also emerging for precise injections, such as intravitreal therapies for ocular diseases, helping reduce clinician workload and human error (Zhou et al., 2024). Beyond clinical contexts, robots support public health surveillance and disease prevention. Prototypes like MIT’s “Luigi” sewage-sampling robot autonomously collect wastewater data to monitor community-level infections and anticipate outbreaks (MIT News, 2025). In precision agriculture, AI-guided robotic systems detect infected crops early, controlling plant disease spread and protecting global food security (FAO, 2023). Collectively, these robotic systems demonstrate the increasing convergence of automation, biotechnology, and artificial intelligence in safeguarding human and environmental health. By taking on tasks that are dangerous, repetitive, or biologically hazardous, disease-eliminating robots represent a pivotal advancement in the global strategy for infectious disease control and public health resilience. 7. Graphene Graphene is the world’s thinnest material, consisting in a single layer of carbon atoms arranged in a hexagonal honeycomb lattice. Despite its thinnest it is stronger than steel and diamond. In addition, graphene is flexible, transparent, conductive, light, selectively permeable and a 2D material. In summary it is a versatile material with many different applications and that has gained attention since its isolation in 2004 by Russian and Nobel prize scientists Andre Geim and Konstantin Nocoselov. (Larousserie, 2013) The characteristics of graphene make them an important player in the energy, construction, health and electronics sectors. In a deeper analysis, its high conductivity is valuable for battery life, autonomy and energy efficiency. Its lightness is suitable for manufacturing drone batteries, which reduce their weight, and the drone’s weight too. Graphene’s transparency and flexibility could be used in screen devices including cell phones, televisions or vehicles – Samsung already produced a flat screen with graphene electrodes. In addition, its high resistance and excellent heat and electric conductivity make them valuable for the light industry. Other sectors that are beneficial from graphene include the construction and manufacturing sector. For example, adding 1 g of graphene to 5 kg of cement increases the strength of the latter by 35%. Another example refers to Ford Motor Co., that is adding 0.5% of graphene to increase their plastic strength by 20%. (Wyss, 2022) Graphene has become a promising material, and it has been studied and tested to be used as a replacement or equivalent of silicon in microelectronics. It has been used in sports, like tennis rackets made by Head or in electric cars concepts like BASF and Daimler-Benz Smart Forvision. Bluestone Global Tech partnered with mobile phone manufacturers for the first graphene-based touchscreen to be launched in China. (Larousserie, 2013) Paint with graphene for a better thermal regulation in houses; bones, prosthesis, hearing aids or even diagnosis of diseases could also rely on graphene. (Repsol, 2025) Nowadays, its costs are high, but the graphene is going through a moment of intense academic research that surely in some years will end up with even more promising results and applications. Conclusion Together, these seven emerging technologies form a powerful snapshot of the future. Their diversity — spanning transportation, renewable energy, aquaculture, aerospace, robotics, and advanced materials — reflects the multi-sectoral nature of today’s global challenges. Yet they share a common purpose: to create more sustainable, efficient, and resilient systems capable of supporting a rapidly changing world. Wireless charging roads challenge the limits of mobility; ocean farming and wave energy reimagine how we use marine ecosystems; SpinLaunch and graphene redefine what is physically possible; and disease-eliminating robots transform public health. These innovations are still evolving, but they show that the solutions to some of humanity’s most pressing problems already exist — they simply need investment, scaling, and political will. By embracing these technologies and continuing to pursue scientific discovery, societies can accelerate the transition toward a cleaner energy future, safer communities, healthier ecosystems, and a more equitable and technologically advanced world. References 6abc Philadelphia. (2025, Juky 11). Electric vehicle tech: The rise of wireless charging roads. 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Retrieved from Electric Vehicle Charging & Infrastructure: https://www.evcandi.com/news/electreon-install-first-wireless-electric-road-norway George Mason University. (2015, February 6). Pump Up the Bass to Douse a Blaze: Mason Students' Invention Fights Fires. Retrieved from YouTube: https://www.youtube.com/watch?v=uPVQMZ4ikvM Greenwave. (2025). Regenerative Ocean Farming. Retrieved from Greenwave: https://www.greenwave.org/our-model Hassan, T. (2024, October 15). Vertical Ocean Farming. Retrieved from AgriNext Conference: https://agrinextcon.com/vertical-ocean-farming-sustainable-and-shellfish/ IEA. (2025). Electric Vehicles. Retrieved from IEA: https://www.iea.org/energy-system/transport/electric-vehicles Intuitive Surgical. (2024). da Vinci and Ion Robotic Systems Overview. IPCC. (2012). Renewable Energy Sources and Climate Change Mitigation. Retrieved from IPCC: https://www.ipcc.ch/site/assets/uploads/2018/03/SRREN_Full_Report-1.pdf Kadri, U. (2025, April 7). Wave energy’s huge potential could finally be unlocked by the power of sound – new research. Retrieved from The Conversation: https://theconversation.com/wave-energys-huge-potential-could-finally-be-unlocked-by-the-power-of-sound-new-research-253422 Kim, J. et al. (2022). “Microbotic Eradication of Biofilms on Medical Implants.” Nature Biomedical Engineering, 6(11), 1215–1226. Larousserie, D. (2013, November 22). Graphene - the new wonder material. Retrieved from The Guardian: https://www.theguardian.com/science/2013/nov/26/graphene-molecule-potential-wonder-material Lee, S. et al. (2023). “Nanorobotic Drug Delivery Systems for Cancer Therapy.” Science Advances, 9(4), eabq1234. Lumley, G. (2025, March). What Is Wave Power? Retrieved from BKV Energy: https://bkvenergy.com/learning-center/what-is-wave-energy/ MIT News. (2025). “Luigi: A Robot for Wastewater Epidemiology.” Min, R. (2023, July 06). Sweden is building the world's first permanent electrified road for EVs to charge while driving. Retrieved from euro news: https://www.euronews.com/next/2023/05/09/sweden-is-building-the-worlds-first-permanent-electrified-road-for-evs NOAA. (n.d.). 3D Ocean Farming. Retrieved from NOAA: https://oceantoday.noaa.gov/fullmoon-3doceanfarming/welcome.html Ocean Energy Europe. (n.d.). Wave energy. Retrieved from Ocean Energy Europe: https://www.oceanenergy-europe.eu/ocean-energy/wave-energy/#:~:text=Wave%20energy%20technology Paris, M. (2024, January 31). Wireless charging: The roads where electric vehicles never need to plug in. Retrieved from BBC: https://www.bbc.com/future/article/20240130-wireless-charging-the-roads-where-electric-vehicles-never-need-to-plug-in Porter, A. (2024, June 20). What is Aquaculture? An Overview of Sustainable Ocean Farming. Retrieved from PBS: https://www.pbs.org/articles/a-guide-to-hope-in-the-water-and-aquaculture Repsol. (2025). An innovative and revolutionary material. Retrieved from Repsol: https://www.repsol.com/en/energy-move-forward/innovation/graphene/index.cshtml SKinno News. (2021, July 8). Charging while driving – electrified road for electric vehicles. Retrieved from SKinno News: https://skinnonews.com/global/archives/6253 SpinLaunch. (2025). Pioneering The Next Generation of Satellite Broadband. Retrieved from SpinLaunch: https://www.spinlaunch.com/meridianspace The Guardian. (2018, April 12). World's first electrified road for charging vehicles opens in Sweden. Retrieved from The Guardian: https://www.theguardian.com/environment/2018/apr/12/worlds-first-electrified-road-for-charging-vehicles-opens-in-sweden Urban Ocean Lab. (2023, November). What is Regenerative Ocean Farming? Retrieved from Urban Ocean Lab: https://urbanoceanlab.org/resource/regenerative-ocean-farming-factsheet UVD Robots. (2023). Next-Generation UV-C Disinfection Systems for Hospitals. Waycott, B. (2022, January 10). Regenerative ocean farming is trending, but can it be a successful business model? Retrieved from Global Seafood Alliance: https://www.globalseafood.org/advocate/regenerative-ocean-farming-is-trending-but-can-it-be-a-successful-business-model/ WHO. (2022). Guidelines on Hydrogen Peroxide Disinfection in Healthcare Settings. Wikipedia. (2019, June). List of wave power projects. Retrieved from Wikipedia: https://en.wikipedia.org/wiki/List_of_wave_power_projects Wyss, K. (2022, November 29). Graphene is a proven supermaterial, but manufacturing the versatile form of carbon at usable scales remains a challenge. Retrieved from The Conversation: https://theconversation.com/graphene-is-a-proven-supermaterial-but-manufacturing-the-versatile-form-of-carbon-at-usable-scales-remains-a-challenge-194238 Xenex. (2024). LightStrike Germ-Zapping Robot: Clinical Outcomes and Use Cases. Young, C. (2025, October 18). SpinLaunch just catapulted a NASA payload into the sky for the first time. Retrieved from Interesting Engineering: https://interestingengineering.com/innovation/spinlaunch-catapulted-a-nasa-payload Zhou, Y. et al. (2024). “Automated Injection Robots for Ophthalmic Care.” Frontiers in Medical Robotics, 5(2), 45–57.

Energy & Economics
Collage with two businessmen in suits walking, China flag. Business theme collage with upward trend. Represents China business, and progress. Business collage design

China’s new 5-year plan: A high-stakes bet on self-reliance that won’t fix an unbalanced economy

by Shaoyu Yuan

Every few years since 1953, the Chinese government has unveiled a new master strategy for its economy: the all-important five-year plan. For the most part, these blueprints have been geared at spurring growth and unity as the nation transformed from a rural, agrarian economy to an urbanized, developed powerhouse. The task that faced China’s leaders as they met in early October 2025 to map out their 15th such plan was, however, complicated by two main factors: sluggish domestic growth and intensifying geopolitical rivalry. Their solution? More of the same. In pledging to deliver “high-quality development” through technological self-reliance, industrial modernization and expanded domestic demand, Beijing is doubling down on a state-led model that has powered its rise in recent years. President Xi Jinping and others who ironed out the 2026-2030 plan are betting that innovation-driven industrial growth might secure China’s future, even as questions loom about underpowered consumer spending and mounting economic risks. As an expert on China’s political economy, I view China’s new five-year plan as being as much about power as it is about economics. Indeed, it is primarily a blueprint for navigating a new era of competition. As such, it risks failing to address the widening gap between surging industrial capacity and tepid domestic demand. High-tech dreams At the heart of the new plan are recommendations that put advanced manufacturing and tech innovation front and center. In practice, this means upgrading old-line factories, automating and “greening” heavy industry and fostering “emerging and future industries” such as aerospace, renewable energy and quantum computing. By moving the economy up the value chain, Beijing hopes to escape the middle-income trap and cement its status as a self-reliant tech superpower. To insulate China from export controls put in place by other countries to slow China’s ascent, Beijing is doubling down on efforts to “indigenize” critical technologies by pumping money into domestic companies while reducing dependence on foreign suppliers. This quest for self-reliance is not just about economics but explicitly tied to national security. Under Xi, China has aggressively pursued what the Chinese Communist Party calls “military-civil fusion” – that is, the integration of civilian innovation with military needs. The new five-year plan is poised to institutionalize this fusion as the primary mechanism for defense modernization, ensuring that any breakthroughs in civilian artificial intelligence or supercomputing automatically benefit the People’s Liberation Army. Reshaping global trade China’s state-led push in high-tech industries is already yielding dividends that the new five-year plan seeks to extend. In the past decade, China has surged to global leadership in green technologies such as solar panels, batteries and electric vehicles thanks to hefty government support. Now, Beijing intends to replicate that success in semiconductors, advanced machinery, biotechnology and quantum computing. Such ambition, if realized, could reshape global supply chains and standards. But it also raises the stakes in China’s economic rivalry with advanced economies. Chinese prowess in building entire supply chains has spurred the United States and Europe to talk of reindustrialization to avoid any overreliance on Beijing. By pledging to build “a modern industrial system with advanced manufacturing as the backbone” and to accelerate “high-level scientific and technological self-reliance,” the new plan telegraphs that China will not back down from its bid for tech dominance. An elusive rebalancing What the plan gives comparatively modest attention, however, is the lack of strong domestic demand. Boosting consumer spending and livelihoods gets little more than lip service in the communiqué that followed the plenum at which the five-year plan was mapped out. Chinese leaders did promise efforts to “vigorously boost consumption” and build a “strong domestic market,” alongside improvements to education, health care and social security. But these goals were listed only after the calls for industrial upgrading and tech self-sufficiency – suggesting old priorities still prevail. And this will disappoint economists who have long urged Beijing to shift from an overt, export-led model and toward a growth model driven more by household consumption. Household consumption still accounts for only about 40% of gross domestic product, far below advanced-economy norms. The reality is that Chinese households are still reeling from a series of recent economic blows: the COVID-19 lockdowns that shattered consumer confidence, a property market collapse that wiped out trillions in wealth, and rising youth unemployment that hit a record high before officials halted the publication of that data. With local governments mired in debt and facing fiscal strain, there is skepticism that bold social spending or pro-consumption reforms will materialize anytime soon. With Beijing reinforcing manufacturing even as domestic demand stays weak, the likelihood is extra output will be pushed abroad – especially when it comes to EVs, batteries and solar technologies – rather than be absorbed at home. The new plan is cognizant of the need to maintain a strong manufacturing base, particularly among beleaguered industrial farms and other older industries struggling to stay afloat. As such, this approach may prevent painful downsizing in the short run, but it delays the rebalancing toward services and consumption that many economists argue China needs. Ripple effects Beijing has traditionally portrayed its five-year plans as a boon not only for China but for the world. The official narrative, echoed by state media, emphasizes that a stable, growing China remains an “engine” of global growth and a “stabilizer” amid worldwide uncertainty. Notably, the new plan calls for “high-level opening-up,” aligning with international trade rules, expanding free-trade zones and encouraging inbound investment – even as it pursues self-reliance. Yet China’s drive to climb the technological ladder and support its industries will likely intensify competition in global markets – potentially at the expense of other countries’ manufacturers. In recent years, China’s exports have surged to record levels. This flood of cheap Chinese goods has squeezed manufacturers among trading partners from Mexico to Europe, which have begun contemplating protective measures. If Beijing now doubles down on subsidizing both cutting-edge and traditional industries, the result could be an even greater glut of Chinese products globally, exacerbating trade frictions. In other words, the world may feel more of China’s industrial might but not enough of its buying power – a combination that could strain international economic relations. A high-stakes bet on the future With China’s 15th five-year plan, Xi Jinping is making a strategic bet on his long-term vision. There is no doubt that the plan is ambitious and comprehensive. And if successful, it could guide China to technological heights and bolster its claim to great-power status. But the plan also reveals Beijing’s reluctance to depart from a formula that has yielded growth at the cost of imbalances that have hurt many households across the vast country. Rather than fundamentally shift course, China is trying to have it all ways: pursuing self-reliance and global integration, professing openness while fortifying itself, and promising prosperity for the people while pouring resources into industry and defense. But Chinese citizens, whose welfare is ostensibly the plan’s focus, will ultimately judge its success by whether their incomes rise and lives improve by 2030. And that bet faces long odds.

Energy & Economics
Houston, Texas USA 07-04-2023: KPOT Korean BBQ and Hot Pot storefront exterior in Houston, TX. National Korean cuisine restaurant chain.

Korean Soft Power: How K-Food is taking over the global stage

by World & New World Journal

  Seoul South Korea Apr 5 2023 Stock Photo 2350709469 | Shutterstock A decade ago, Korean cuisine was largely unfamiliar to international audiences. However, the growing influence of Hallyu, with its K-pop and K-Dramas, sparked interest in Korean food among fans and admirers of Korean culture. This expansion of Korean cultural soft power directly contributed to the increased global interest and demand for K-Food, transforming it from a niche phenomenon to a major component of international food markets. In 2018, The Economist published an article on the Korean food industry and called it a promising and very prospective sector. Initially, this was a somewhat ambiguous statement, as it seemed an already established market would be too exposed and face excess supply. Nonetheless, Korea continued to gain popularity. The global attention generated by K-POP and K-dramas directly boosted state tourism and positioned Korea as a growing soft-power house with extensive influence, especially among youth, similar to how Japan leveraged its Anime culture. Consequently, as global attention increased, the country was able to expand its dominance in exports, leading to the South Korean food market growing alongside the recognition of its culture over several years. During the COVID-19 pandemic, Korean culture experienced a renaissance, gaining the world’s attention through music and dramas like Squid Game. Crucially, alongside this cultural peak, Korean food's popularity rose significantly among the younger generation. With lockdowns, people spent their time making Korean Dalgona coffee and creating trending TikToks. This period served as a turning point that accelerated the popularity and recognition of K-Food.   In 2025, Korea saw an increase of almost 10% in agri-food sector exports compared to the 2024 indicator. • The U.S. USD 440 million in Q1 of 2025, up by 25.1% year over year → USD 493.7 million in Q2 of 2025, up by 28.6% year over year• China USD 317.5 million in Q1 of 2025, up by 1% year over year → USD 424.5 million in Q2 of 2025, up by 9.4% year over year • Japan USD 332.1 million in Q1 of 2025, up by 0.8% year over year → USD 365.6 million in Q2 of 2025, up by 6.9% year over year Processed K-Food: The Rise of Ramyeon and Snacks K-Food can be divided into two major groups: processed and non-processed. The rapid rise in K-food exports can be largely explained by the explosive popularity of Korean ramyeon and snacks. Ramyeon exports alone grew more than 24% compared to 2024.Most of the popular ramyeon brands overseas are: Buldak RamyeonJin RamyeonSamyang RamyeonShin Ramyeon   (Source: Kuala Lumpur Malaysia Dec 24 2024 Stock Photo 2572271189 | Shutterstock) Buldak Ramyeon, a brand under the Samyang Food Conglomerate, is one of the most popular Korean foods globally. It gained popularity due to its captivation, addictive taste and superior marketing. On social media like TikTok and Instagram, people created a trend where they tried to make an almost restaurant-level version of ramyeon. Moreover, its several spice levels brought significant attention to the brand, accompanied by memorable advertisements. The well-known “mukbang” industry, which has crossed borders, is also a major factor in the popularity of K-Food, especially ramyeon. This content is particularly popular in the USA. USA-based mukbangers are one of the reasons Buldak Ramyeon is so popular, as viewers find ramyeon mukbangs enjoyable to watch. Additionally, compared to other Korean food, ramyeon is practical and easier to buy. Samyang Food leveraged this success, expanding within five years to reach global dominance with new establishments in China and the USA in 2021 and Europe in 2024. In fact, more than 70% of the firm’s revenue is accounted for by its exports, signifying the company's global grip. Other notable brands include Nongshim and Ottogi. Nongshim, well known for its collaborations and wide range of flavors, also experienced a huge sales increase. Earlier in 2025, a new Netflix cartoon, Kpop Demons x Hunters, was a worldwide sensation. The instant noodle conglomerate quickly announced a collaboration with the hyped series, which was a success for Nongshim, resulting in a sold-out release of the cartoon collaboration ramyeon. Unlike Samyang, Nongshim had a bigger foundation and, within a year, increased its worldwide recognition even more. According to Nongshim’s 2023 annual report, the company accounted for 53% of total Korean instant noodle sales. Other popular choices are Korean snacks, which even surpassed ramyeon in yearly growth. The popularity of snacks goes beyond ChocoPie. With strong marketing and idol-featuring advertisements, products like Pepero and Turtle Chips are highly popular. Most snacks are often featured in Top Korean Dramas; for fans, eating them is a simple way of trying Korean culture. Furthermore, some companies adapt original snacks to local tastes and follow global trends. With the rise of “matcha” popularity, Korean brands converted original flavors into new “matcha” variations to capture the “hype.” The elasticity of snack brands and their fast adaptation to changing regions made them highly promising and growing.   (Source: Penang Malaysia 22 Feb 2023 Various Stock Photo 2274778451 | Shutterstock) Korean processed food is not the only category that has grown. The popularity of Korean street food and Hansik (traditional Korean cuisine) is also noticeable. Korean bean paste, or Jang, was listed as a UNESCO Heritage, which also brought attention to the food market. In the USA, Hansik gained traction with K-BBQ, tteokbokki, and all kinds of stews. Similar to Chinese Hot-Pot, Korean BBQ is very adaptable to local tastes and serves as a common social spot. Tteokbokki is also popular, especially among younger generations. However, compared to the Chinese Food Restaurant market, there’s no dominant national franchise, and the majority of K-Food restaurants are run by locals who moved to the area long ago, before the global surge of K-culture. As mentioned, Nongshim Foods accounts for about 54% of total instant noodle sales across the world. To establish itself as the main ramyeon company, Nongshim opened a pop-up store in Times Square, the world’s most popular tourist destination. Digital billboards brought attention to the brand, strengthened by engaging games and social media events. Clearly, this shows the brand's eagerness to position itself in the USA market. As the Nongshim representative says, “This campaign went beyond simple digital advertising to become a festival where global consumers could directly taste and enjoy Shin Ramyun. Starting from New York Times Square, we will continue to connect directly with consumers worldwide and actively spread Shin Ramyun's global slogan, 'Spicy Happiness In Noodles.'"   (Source: A Nongshim Shin Ramyun advertisement in collaboration with Netflix’s KPop Demon Hunters is displayed on a digital billboard in New York, Friday (local time). Courtesy of Nongshim) In Europe, Korean food has just started to grow its potential. Samyang Food opened branches in Europe only in 2024, which makes this market new and full of potential compared to the saturated USA market. The market is steadily growing and is especially in high demand in the Eastern part. Particularly during the Olympics in Paris, K-Food brands established themselves as a healthy and convenient alternative to traditional cuisine. Pop-up stores with Korean dumplings and rice cakes brought attention to K-Food and beverages, allowing brands like Bibigo and Cass to strongly position the Korean food industry in the European market. In Russia, the situation is different. In 2020, a Russian entrepreneur started a successful business with Korean street food. Chiko has almost monopolized the K-food market in Russia with dozens of restaurants. Chiko successfully adapted Korean food to local taste and products, resulting in dishes that are less spicy but much brighter in color due to food colorings. This business is highly profitable, with the first restaurant able to fully cover its expenses within 6 months of opening. In the Middle East, Korean companies are actively trying to make a halal version of their products to enter this highly anticipated market. This effort is noticeable when Islamic tourists visit Korea, as there are more restaurants offering halal food. For instance, the chicken burger brand Mom’s Touch offers suitable burgers and fried chicken. With this strategy and the growing popularity of Korean Food, they have emerged as a highly rated brand. Furthermore, they recently opened a branch in Uzbekistan, one of the Islamic regions in Central Asia, suggesting a clear intention to establish the brand in the wider Middle East. Korean Food established itself as a healthy alternative to fast food. Yet, with the high interest in street food, there is a legitimate question about whether we can still broadly call Korean food healthy. Overall, Korean cuisine has grown from a cultural niche into a global food phenomenon, driven by cultural trends, digital media, and clever branding. Whether through ramyeon, street snacks, or K-BBQ, Korea has turned food into an export of identity and lifestyle. The next challenge for K-Food will be balancing authenticity with localization—while adapting to health trends, halal markets, and evolving consumer tastes. What is clear, ultimately, is that K-Food is no longer a trend. It has become a permanent player in the global culinary market, and its influence is still expanding. References Ministry of Agriculture, Food and Rural Affairs. (2025, July 14). Exports of K-Food Plus in the first half of 2025: USD 6.67 billion, up by 7.1% year over year Pressrelease. Foreign Agricultural Service, U.S. Department of Agriculture. (2024, September). Retail foods annual: Republic of Korea (Report No. KS2024-0020). https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Retail%20Foods%20Annual_Seoul%20ATO_Korea%20-%20Republic%20of_KS2024-0020.pdf

Energy & Economics
nuclear fusion reactor tokamak concept background, 3d rendering

Accelerating the realization of nuclear fusion: A clear milestone is needed

by Choongki Sung

A few days ago, the author visited Commonwealth Fusion Systems (CFS) near Boston, USA. CFS is one of the most highly watched fusion energy startups in the world, currently constructing SPARC, a next-generation experimental device utilizing high-temperature superconductor technology. The researchers I met there were filled with confidence that nuclear fusion commercialization would be possible soon, and their passion resonated deeply. At the same time, it raised concerns about what we are doing and whether we are falling behind. The reason the world is accelerating efforts to advance the commercialization of fusion power is clear. As the heat wave continues to exceed 30°C even in September, it shows that the climate crisis has become a part of our daily lives. At the same time, rapidly evolving generative artificial intelligence (AI) is signaling an unprecedented demand for electricity. Faced with the dual challenge of responding to the climate crisis and the surge in energy demand, there is an urgent need for a new energy source that can ensure stable supply while minimizing environmental impact. Recently, fusion energy has been gaining attention as a next-generation energy source that meets these conditions. Fusion energy is a clean energy source that emits no carbon, and it uses hydrogen isotopes as fuel, which are virtually inexhaustible. It is often called the 'ideal energy source' because it is not constrained by weather or geographical conditions. Although the technical difficulty has historically been so high that it was considered an 'endless challenge,' the situation has now changed. In 2022, the U.S. Lawrence Livermore National Laboratory (NIF) succeeded in achieving 'net energy gain'—producing more energy than was input—in a laser-driven fusion experiment, raising expectations for the realization of fusion power. Furthermore, the fact that over 50 private companies worldwide are now diving into technology development with the goal of early commercialization shows that nuclear fusion is no longer a distant dream. Major nations are already focusing their national capabilities by presenting phased goals and execution plans. The U.S. has established a public-private partnership-based national strategy to actively support the endeavors of startups like CFS. China is promoting the construction of a demonstration reactor called CFEDR and, as a precursor, plans to complete the BEST device, capable of burning plasma operation, by 2027. The U.K. is ramping up national preparations by constructing the STEP device with a target of 2040, while also putting in place the engineering technology research facilities and institutional framework to support it. South Korea also possesses research capabilities that are by no means lagging. The core technology accumulated through the construction and operation of KSTAR is world-class, and its experimental results are internationally recognized. The country's experience in operating nuclear power plants is also an asset for future fusion engineering technology development. However, since the establishment of the ‘Nuclear Fusion Energy Realization Acceleration Strategy' last year, no specific roadmaps and execution plans have been revealed publicly. It is necessary to recall that the clear path from KSTAR to ITER to DEMO in the past allowed us to dedicate ourselves to the construction and operation of KSTAR, enabling South Korea to join the ranks of advanced nuclear fusion nations. Major countries around the world are currently moving ahead rapidly, aiming for commercialization in the 2030s and 2040s. To avoid being left behind in this competition, South Korea must urgently formulate an innovative plan for constructing a fusion demonstration reactor, targeting a demonstration in the 2030s. Furthermore, key technologies and large-scale research infrastructure must be strategically secured. A clear goal is essential to ensure that research and investment do not lose direction. Once the execution plan is clearly defined, universities can lead the necessary research and train appropriate talent, and young researchers can envision a future for themselves. Nuclear fusion is a new energy source that can simultaneously solve the climate crisis and energy security issues. What we need is a specific plan to realize it and unwavering determination to execute it. If we make the right choices and preparations now, South Korea can leap forward as an energy powerhouse that future generations can trust and rely on.

Energy & Economics
Global business connection concept. Double exposure world map on capital financial city and trading graph background. Elements of this image furnished by NASA

Liaison countries as foreign trade bridge builders in the geo-economic turnaround

by Eva Willer

Introduction Geopolitical tensions are making global trade increasingly difficult. In order to reduce the associated risk of default, companies are shifting their trade relations to trading partners that are politically similar to them. In the course of the beginnings of geo-economic fragmentation, politically and economically like-minded countries are also gaining in importance for German and European decision-makers. Liaison countries1 in particular can form a counterforce to the trend towards polarization in foreign trade - especially between the USA and China: they are characterized by a pronounced economic and trade policy openness that overrides differences between geopolitical or ideological camps. Consequently, the question arises: How can relevant connecting countries for Germany and Europe be identified? What opportunities and risks do closer trade relations with these countries offer in order to strengthen foreign trade resilience in geopolitically uncertain times?  With a high degree of openness - defined as the sum of imports and exports in relation to gross domestic product - of over 80 percent2 , the German economy is strongly integrated into global trade. Accordingly, the disruptive effect of geo-economic fragmentation on the German economy would be above average. The defensive strategy to strengthen Germany's economic security by pushing for trade policy independence would only reinforce geo-economic fragmentation. Against the backdrop of comparatively high economic vulnerability, it is necessary to focus on those potential partner countries with which German and European foreign trade could be developed and expanded even under the condition of increasing fragmentation.  Geoeconomic Fragmentation  The term "geo-economic fragmentation" is used to describe the politically motivated reorganization of global goods and financial flows, in which strategic, economic and political interests primarily determine the choice of countries of origin and destination for trade flows.3 In the scenario of geo-economic fragmentation, the result would be the formation of a bloc within the global community of states, which would fundamentally change the regulatory structure of global economic networking. In this case, trade and investment would probably concentrate from a previously diverse range of economic partner countries - prior to the formation of the bloc - on those countries that now - since the formation of the bloc - belong to the same bloc.  The likelihood of this scenario occurring and leading to an increased fragmentation of the global economic order has increased again in the recent past. For example, Donald Trump's second term as US president is causing increasing geopolitical uncertainty worldwide.  Statements on the concrete form of a possible demarcation of potential blocs are subject to a great deal of uncertainty. However, the division of a large part of the global economy into a "US bloc" and a "China bloc" is a conceivable scenario for which German politics and business should prepare.  Data already shows that, at a global level, foreign trade openness has decreased in the recent past. Data from the World Trade Organization (WTO) illustrates the increasing hurdles in global trade in goods. While 3.1% of global imports were still affected by tariff or non-tariff barriers to trade in 2016 - including under WTO rules - this figure rose to 11.8% in 2024 over the following years.4 This development goes hand in hand with a noticeable loss of importance and enforcement of the WTO since the 2010s, which previously played a central role as the guardian of the rules-based global economic order.  Studies by the International Monetary Fund (IMF) have already found indications of an incipient geo-economic fragmentation along potential bloc borders. It shows that trade in goods and foreign direct investment between countries that would belong to the opposing camp in the event of a bloc formation declined on average in 2022 and 2023 - in contrast to foreign trade between countries that are geopolitically close.5  In this initial phase of geo-economic fragmentation, liaison countries are beginning to establish themselves as a counterforce, holding the fragmenting global community of states together with new trade and investment routes.  Identification of liaison countries Specifically, liaison countries have the following characteristics: a pronounced openness to foreign trade in the form of a high foreign trade quota and low tariff and non-tariff trade barriers, as well as pronounced economic relations with partner countries from different geopolitical camps. The geopolitical orientation of countries can be examined using data on voting behavior within the United Nations.6 This involves analyzing whether a country can be assigned to the US or Chinese camp - or whether there is no pronounced proximity and therefore political neutrality or "non-alignment" in the sense of ideological independence. The data-based identification of connecting countries is relatively new. Empirical analyses are also limited to connecting countries in the context of US-Chinese foreign trade - specifically US imports from China. In this case, the characteristics of a connecting country can be broken down into (1) "non-alignment" - i.e. a geopolitical distance to both a Western and an Eastern bloc - as well as (2) an increase in imports and foreign investment from China and (3) a simultaneous increase in exports to the United States. In a narrower sense, this is an evasive reaction to trade restrictions, i.e. circumventing trade. If the foreign trade indicators - specifically the trade and investment data relating to the US and China - of "non-aligned" countries for the period from 2017 to 2020 show corresponding characteristic-related changes compared to previous years, these can be identified as countries connecting the US and China.  The analysis of trade data shows that the value of direct exports from China to the USA fell during Donald Trump's first term in office. At the same time, both Chinese exports to some of the "non-aligned" countries and exports from these countries to the USA have increased significantly. These countries have presumably stepped in as a link on the export route from China to the US after the previously direct trade flow was interrupted by trade barriers and had to find a new route. Companies producing in China are therefore likely to have sought new, indirect ways to maintain access to the US sales market.  A certain statistical inaccuracy in the foreign trade data makes it difficult to draw a definitive conclusion in this context. It should be noted: No single commodity can be tracked across national borders in trade data collection. Whether the additional goods imported from China actually found their way to the United States can only be assumed approximately. However, if the trade flows are aggregated, a clearer picture emerges and the circumvention trade via selected connecting countries - including Vietnam and Mexico - becomes visible.  Data on foreign direct investment rounds off the analysis.7 "Non-aligned" countries in which an increase in Chinese investment can be seen between 2016 and 2020 in addition to trade flows can be identified as connecting countries. Here, too, available data suggests that the companies concerned either exported their goods to the United States via a stopover or even outsourced parts of their production destined for the US market to connecting countries. Five connecting countries between the US and China Based on the 2017-2020 study period, various connecting countries can be empirically identified that were used to indirectly maintain access to the US market. In terms of foreign trade volume, the economically most important connecting countries include Mexico, Vietnam, Poland, Morocco and Indonesia.8 All five countries are characterized by the fact that both their exports of goods to the US and their imports of goods from China increased significantly between 2017 and 2020. In addition, greenfield investments (foreign direct investment to set up a new production facility) have risen significantly compared to the period before 2017.  However, the five countries show different priorities in their development, which differentiate them in their role as connecting countries between the USA and China. In Vietnam, exports to the USA in particular have risen sharply. China has been the most important procurement market for Vietnamese companies for years. Poland, Mexico and Indonesia are characterized as connecting countries primarily by the significant increase in imports from China. Morocco, in turn, was able to attract more Chinese foreign investment in particular. Greenfield investments have almost tripled here since 2017. However, Poland - a rather surprising candidate for the role of liaison country, as it is intuitively assigned to the US-oriented bloc - is positioned fairly centrally between the US and China according to the analysis of voting behavior within the United Nations9. In addition, Poland qualifies primarily due to the sharp rise in greenfield investments from China, primarily in the expansion of domestic battery production.10  It cannot be concluded from the previous studies on the USA and China whether German companies are also circumventing trade barriers from the USA via the countries identified. As the trade policy conflicts between the US and China differ significantly from those between the EU and China, there has been a lack of comparable empirical data to analyze connecting countries in the EU context. Opportunities and challenges As the German economy is strongly oriented towards foreign trade and is closely networked with both the USA and China, German companies play a particularly exposed role in the area of tension between the USA and China. Increased economic exchange with potential connecting countries would offer German companies an opportunity to mitigate the expected shock of a geopolitical bloc. They could at least maintain international trade to a certain extent and thus secure some of the endangered sales and procurement markets. On the other hand, there are also costs associated with expanding foreign trade relations with potential connecting countries. The greater complexity also increases the risk in the value chains. Companies that position themselves wisely within this trade-off buy themselves valuable time in the event of a shock to reorganize themselves against the backdrop of changed foreign trade conditions.  From the perspective of foreign trade policy, it is also possible to examine the extent to which stronger foreign trade cooperation with (potential) connecting countries could have advantages. The trade-off between resilience and complexity must then be assessed at a macroeconomic level, beyond individual company interests. In order to make it easier for companies to connect to potential connecting countries and to create appropriate framework conditions, German and European policy can build on existing comprehensive strategies at national and European level. Both the China Strategy11 and the National Security Strategy12 focus foreign policy on connecting countries as part of a stronger economic and political risk diversification. There is also a similar framework at European level with the EU's Strategic Compass13 . Following on from this, the German government could create targeted incentives to open up new markets in liaison countries, which would diversify critical supply chains and reduce one-sided dependencies.  At the same time, connecting countries pose a challenge. These can be used to circumvent foreign trade measures such as sanctions if flows of goods can find alternative routes via connecting countries more easily than before.  In order to realize opportunities and overcome challenges, close cooperation between science, politics and companies is required. This first requires the identification of a selection of potential connecting countries through scientifically sound analysis. This creates the basis for the subsequent steps in which European and German policymakers work closely with companies to create attractive framework conditions for trade with potential connecting countries - for example through bilateral trade agreements.  Attractive foreign trade framework conditions can create the necessary incentive to actually expand trade relations with potential connecting countries. Companies need to weigh up individual cases and make forward-looking decisions: To what extent is there a risk of a loss of production triggered by geopolitical conflicts? And how much would the complexity of the value chain increase if more potential connecting countries were included? Ultimately, the actual choice of preferred sales and procurement markets lies with the individual companies. LicenseThis work is licensed under CC BY 4.0 References1. Verbindungsländer werden im Sinne von Connectors verstanden, vgl. Gita Gopinath/Pierre-Olivier Gourinchas/Andrea F Presbitero/Petia Topalova, Changing Global Linkages: A New Cold War?, Washington, D.C.: IMF, April 2024 (IMF Working Paper) <https://www.imf.org/en/Publications/WP/Issues/2024/04/05/Changing-Global-Linkages-A-New-ColdWar-547357/>. 2. Statistisches Bundesamt (Destatis), Außenwirtschaft. 2025, <https://www.destatis.de/DE/Themen/Wirtschaft/Globalisierungsindikatoren/aussenwirtschaft.html#246 078/>.  3. Shekahar Aiyar/Franziska Ohnsorge, Geoeconomic Fragmentation and ‚Connector’ Countries, Online verfügbar unter:  <https://mpra.ub.uni-muenchen.de/121726/1/MPRA_paper_121726.pdf>.4. WTO, WTO Trade Monitoring Report, Genf, November 2024, <https://www.wto.org/english/tratop_e/tpr_e/factsheet_dec24_e.pdf/>. 5. Gita Gopinath/Pierre-Olivier Gourinchas/Andrea F Presbitero/Petia Topalova, Changing Global Linkages: A New Cold War?, Washington, D.C.: IMF, April 2024 (IMF Working Paper) <https://www.imf.org/en/Publications/WP/Issues/2024/04/05/Changing-Global-Linkages-A-New-ColdWar-547357/>.  6. Michael A. Bailey/Anton Strezhnev/Erik Voeten, »Estimating Dynamic State Preferences from United Nations Voting Data«, Journal of Conflict Resolution, 61 (2017) 2, S. 430-456, <https://journals.sagepub.com/doi/10.1177/0022002715595700/>.7. Gita Gopinath/Pierre-Olivier Gourinchas/Andrea F Presbitero/Petia Topalova, Changing Global Linkages: A New Cold War?, Washington, D.C.: IMF, April 2024 (IMF Working Paper) <https://www.imf.org/en/Publications/WP/Issues/2024/04/05/Changing-Global-Linkages-A-New-ColdWar-547357/>. War-547357. 8. Enda Curran/Shawn Donnan/Maeva Cousin, »These Five Countries are Key Economic ‚Connectors‘ in a Fragmenting World«, in Bloomberg (online), 1.11.2023, <https://www.bloomberg.com/news/articles/2023-1102/vietnam-poland-mexico-morocco-benefit-from-us-china-tensions/>.9. Michael A. Bailey/Anton Strezhnev/Erik Voeten, »Estimating Dynamic State Preferences from United Nations Voting Data«, Journal of Conflict Resolution, 61 (2017) 2, S. 430-456, <https://journals.sagepub.com/doi/10.1177/0022002715595700/>.  10. Enda Curran/Shawn Donnan/Maeva Cousin, »These Five Countries are Key Economic ‚Connectors‘ in a Fragmenting World«, in Bloomberg (online), 1.11.2023, <https://www.bloomberg.com/news/articles/202311-02/vietnam-poland-mexico-morocco-benefit-from-us-china-tensions/>.11. Auswärtiges Amt, China‐Strategie der Bundesregierung, Berlin, Juli 2023, <https://www.auswaertigesamt.de/resource/blob/2608578/810fdade376b1467f20bdb697b2acd58/china-strategie-data.pdf/>.  12. Auswärtiges Amt, Integrierte Sicherheit für Deutschland: Nationale Sicherheitsstrategie, Berlin, Juni 2023, <https://www.bmvg.de/resource/blob/5636374/38287252c5442b786ac5d0036ebb237b/nationalesicherheitsstrategie-data.pdf/>.  13. Rat der Europäischen Union, Ein Strategischer Kompass für Sicherheit und Verteidigung, Brüssel, März 2022, <https://data.consilium.europa.eu/doc/document/ST-7371-2022-INIT/de/pdf/>.

Energy & Economics
The Belt and Road Initiative

Introduction to Special Issue: Belt and Road Initiative – 10 Years on

by Kerry Brown

Abstract It has been over a decade since the emergence of what is now best known as the “Belt and Road Initiative” (BRI). This Special Issue, a decade after the BRI was launched, highlights the immense complexity not only of the idea itself but also of China's global influence and the varied attitudes and responses towards it. We hope that these studies, with their diverse approaches and evidence bases, contribute to enriching the expanding literature on the BRI – a trend that is unlikely to wane anytime soon as China continues to be a major global force in the twenty-first century. It has now been over a decade since Xi Jinping first announced the “Silk Road Economic Belt” (丝绸之路经济带, sichou zhilu jingji dai) on land in Astana, the capital of Kazakhstan, in September 2013. Later that year, in October, he also announced a new “twenty-first century Maritime Silk Road” (21世纪海上丝绸之路, ershiyi shiji haishang sichou zhilu) in Indonesia. These announcements marked the beginning of what is now best known as the “Belt and Road Initiative” (BRI; 一带一路, yidai yilu). For several years in the early first decade of the twenty-first century, as China's economy grew exponentially in size following its entry into the World Trade Organisation in 2001, there were increasing calls for the country to clarify its global ambitions now that it was a genuinely global economic power. The short-lived notion – around the period between 2003 and 2005 – of China enjoying a “peaceful rise” (和平崛起, heping jueqi) didn’t help much in this regard, with the US and others calling on Beijing to state more clearly its commitment not just to multilateral trade agreements and arrangements, but to their underpinning values (Glaser and Medeiros, 2007). Hu Jintao's presidency from 2002 to 2012 coincided with a period of spectacular gross domestic product (GDP) growth and diplomatic silence. When China did indeed surpass Japan as the world's second-largest economy in overall GDP terms in 2010, the need to clearly articulate its view on its global role became more urgent. Since Xi Jinping took power in 2012, the era of the “China Dream” (中国梦, zhongguo meng) and of “telling China's story well” (讲好中国故事, jianghao zhongguo gushi), both internally and externally, has finally begun (Wang and Feng, 2016; Xue Er Shi Xi, 2021). The BRI, therefore, was a core part of the messaging that the country was now engaged in. The initial policy document jointly issued by three ministries of the State Council in 2015 talked of connectivity, a zone of free trade, people-to-people links, and greater cultural communication, all of which were predicated on win–win outcomes (National Development and Reform Commission, Ministry of Foreign Affairs and Ministry of Commerce, 2015). That was met increasingly, however, with external criticisms, which ranged from the general vagueness attributed to the BRI to its role in creating indebted partner countries as well as the suspicion that this was about attempting to acquire power, rather than being a cooperative, constructive member of the international community (Perlez and Huang, 2017). Former US Secretary of State Mike Pompeo, for instance, labelled the initiative something that did “harm” and framed it as the primary vehicle by which Beijing was extending its malign influence across the world to support authoritarianism and push back against democratic values (Murray-Atfield and Staff, 2020). With over a decade now in existence, this is a good time to reflect on and review what the BRI has meant to the world so far. In 2015, there was no real track record, beyond alluding to China's growing energy and economic interests in Africa, Latin America, and what became labelled as the “Global South.” Since then, a plethora of different treatments and studies have emerged, utilising various metrics, conceptual frameworks, and datasets (e.g. Garlick, 2020; Garlick and Havlová, 2020; Gerstl, 2020; Shakhanova and Garlick, 2020; Turcsanyi and Kachlikova, 2020; Vangeli, 2020). This Special Edition contributes to that literature with a set of contrasting approaches and geographical focuses regarding the BRI. This is a testament to the complexity of the phenomenon itself and its multidimensional character. The one thing that each contribution has, for all their differences, is a recognition of how complex the BRI is, and how it quickly evades straightforward frameworks and unilinear approaches. In Africa, as Ajah and Onuoha (2025) write in their study of Nigerian experiences with the BRI, the record shows that things are not as simple as to support the notion that China is using its newly acquired economic assets solely to assert its power in its own interests. Acknowledging the often critical analysis offered by subscribers to neocolonial, neo-realism and dependency prism theorists, they opt to use complex interdependence theory, stating that the BRI has “provided Nigeria with an opportunity to secure funds for rehabilitating and upgrading its railway infrastructure” (Ajah and Onuoha, 2025: 134). Based on detailed interviews and field research in the country, they show a situation in which the BRI, not just in railways, but in ports and airports, has “yielded tangible results in addressing Nigeria's infrastructural deficits” (Ajah and Onuoha, 2025: 137). That issue of tangibility is essential, with empirical data on both the amount Chinese partners have spent and the results they have achieved.  Recognising the issues around lack of transparency by Chinese partners at some points, and the problems around terms of funding and how these are negotiated and settled, the authors nonetheless conclude that the BRI offers Nigeria more opportunity than vulnerability, providing a cogent corrective to the blanket accusation of one-sided deals where “win–win” for China means that it gains twice. Comerma (2024) addresses the issue of values and frameworks in the differing context of the European Union, and in particular, how normative language emanating from the Chinese government appeared in the eighty Memoranda of Understanding (MOUs) issued between China and various European governments since 2018. To some, this was a clear attempt by China to gain validation more widely for its signature foreign policy initiative, and ultimately, for its own desire for influence, recognition, and status. It was linked, as Comerma argues, to a push for a form of soft power with Chinese characteristics, which was popular in the first decade of the twenty-first century and which lingered during the early Xi era. However, leaving aside those MOUs that were impossible to get hold of, in the two that she offers detailed analysis of – those with Italy and Hungary – the outcomes proved very different in the end. Despite adopting some of China's normative language, its soft power was limited, particularly with an audience that holds European values (Comerma, 2024: 242). As she concludes, even if governments did accept Chinese normative language, which overrode their subscription to market values and democratic principles, in implementation, things have not gone smoothly. This is further testified to by the fact that Italy allowed its agreement on the BRI to lapse in 2022. Lin's (2024) approach looks not at a region or territory and its experience and engagement with BRI, but at the issue of Corporate Social Responsibility (CSR). As this article shows, China has shown interest not so much in soft power, but in what is labelled as “soft connectivity,” recognising that there were issues and responsibilities in terms of engagement and management of its overseas interests through the BRI that needed to be considered. As Lin writes, historically, China has “found itself at the receiving end of norms diffusion” (Lin, 2024: 154). With its own celebrated “Five Principles of Peaceful Coexistence” adopted in the 1950s, China stands by a position of non-interference in the affairs of others. That should mean that its investments and engagements in the outside world do not seem to have overt social and political aims, despite the accusations made to the contrary by the country's critics. Lin argues that while China, of course, does not compromise on observing its own mode of doing things domestically, it has proven a “rational and pragmatic” actor externally (Lin, 2024: 172). In environmental issues, in particular, it has found at least a relatively non-contentious space by which to explore CSR-related actions in ways which are seen as mutually beneficial and acceptable, even as its stance on labour rights has been far fainter. The BRI land route was, as noted at the start of this introduction, initially announced in Kazakhstan. It is therefore timely that this volume includes a contribution by Primiano and Kudebayeva (2023) on how students at a university in Almaty view the BRI and Chinese influence generally. Their findings make sobering reading. Despite Central Asia being a key focus of BRI activity and often regarded as a region of largely positive relations with China, the views revealed through the surveys are largely negative and critical. Unsurprisingly, those with greater adherence to liberal and democratic values are the most critical of China, viewing the latter's investments as a threat to the country's oil and gas interests and displaying high levels of unease. At the same time, it is interesting and perhaps significant to note that the study also found a general lack of knowledge regarding the BRI and China's presence in Kazakhstan. Finally, shifting our attention to the sea, Schmitz (2024) offers an assessment of China's historical statecraft in the context of BRI, with a specific focus on the instrumentalisation of the Chinese notion of tianxia (天下, all under heaven) by the country's political and academic elites to narrate both China's past and present as a maritime power and legitimate its claims over various maritime territories. Drawing on textual materials sourced from the China National Knowledge Infrastructure, one of the largest databases of academic publications in the country, Schmitz analyses the resurrection of memories of the now-celebrated Ming-era eunuch admiral Zheng He, as well as the archaeological and historical records of Zheng's extensive explorations up to the coast of eastern Africa in the early fifteenth century. For Schmitz, the BRI embodies this expansive thinking of tianxia, which maps out a world where there are the “core region” and “surrounding, concentric zones of influence” (Schmitz, 2024: 215). Acknowledging that “[d]espite the ambitious narrative that frames it, in practice, BRI is a patchwork […],” Schmitz argues, the narrative of tianxia under the sea should be understood as “more than simply a strategy used to calm fears” (Schmitz, 2024: 214), but presenting a different notion of what international space might be, and of how, at least from China's perspective, it seeks to operate within that space. This Special Issue, a decade after the BRI appeared, shows the enormous complexity not only of the idea itself, but also of China's global influence and the range of attitudes and responses to it. That the contributions contain perspectives from Africa, Europe, Central Asia, and the Asian region itself proves how expansive the reach of the project is, as well as how many different issues, from values to CSR, notions of power and dependency, and intellectual frameworks, are involved with it. We hope that these studies, with their very different approaches and evidence bases, help to enrich the growing literature on the BRI – a trend that is unlikely to disappear anytime soon as China continues to be a global force in the twenty-first century. Declaration of Conflicting InterestsThe authors declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.FundingThe authors received no financial support for the research, authorship, and/or publication of this article.ORCID iDsKerry Brown https://orcid.org/0000-0002-3472-2357Sinan Chu https://orcid.org/0000-0002-9518-1953ReferencesAjah Anthony Chinonso, Onuoha Jonah Isaac (2025) China’s Belt and Road Initiative and infrastructure development in Nigeria: unveiling a paradigm shift or repackaging of failed ventures? 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