One Belt One Road Initiative

Expert Voices

Trump may stop Huawei in U.S., but the underseas cable race continues

floating dock with workers installing underseas cable
Workers laying cable in the Baltic Sea. Photo: Jens Köhler/ullstein bild via Getty Images

President Trump's executive order and the Commerce Department’s “Entity List” create new challenges for Huawei’s 5G wireless technology in the U.S. But in the meantime, the Chinese telecom giant is racing ahead under the world’s seas.

Why it matters: Globally, about 380 submarine cables carry the vast majority of international data, from cloud computing to text messaging. These cables will only become more important with the arrival of 5G and other services that will increase the speed and volume of data being transferred.

Expert Voices

Pakistan's new IMF agreement calls for major reforms to avert crisis

Imran Khan speaking at a lectern
Pakistani Prime Minister Imran Khan. Photo: Fred Dufour/AFP/Getty Images

Pakistan reached a preliminary agreement with the International Monetary Fund for $6 billion in support over 3 years — a much-needed infusion as the country aims to buttress foreign reserves and forestall an economic crisis.

The big picture: For decades, Pakistan's government has prioritized military investments over development, yielding a thriving nuclear weapons and ballistic missile program but declining economic competitiveness. Its performance in this latest IMF program will establish whether Prime Minister Imran Khan renews the country's Faustian bargain or becomes the change agent he has claimed to be.