Dentons US LLP
05/11/2021 | News release | Distributed by Public on 05/11/2021 10:41
Dentons Flashpoint - May 11, 2021
May 11, 2021
In This Edition
Key Takeaways
The WHO declared the Indian variant B.1.6.1.7 a 'variant of concern.' Hamas and the IDF exchange rocket fire between Gaza and Israel as violence escalated. The Biden Administration will begin distributing $350 billion to US state and local governments this month. Analysis: China Bulletin: Counterweights to the Belt and Road Initiative.
Condition Updates
A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state. [Flashpoint Daily Situation Reports]
China Bulletin: Counterweights to the Belt and Road Initiative
Over recent months, a number of geopolitical overtures have taken aim at China's Belt and Road Initiative (BRI), demonstrating a will in the west to provide counterweights to President Xi's flagship foreign policy initiative. Though the pace of new projects has been slowing down in recent years, a trend accelerated by the COVID-19 pandemic, scrutiny of BRI is at a high, driven both by political suspicion towards Beijing and concerns about environmental standards and debt sustainability for BRI projects.