BRI greatly boosts economic potential of involved countries
3 months ago

BRI greatly boosts economic potential of involved countries

China Daily  

MOSCOW — Countries participating in the China-proposed Belt and Road Initiative have the opportunity to increase their economic potential significantly, Andrei Ostrovsky, chief researcher of the Institute of Oriental Studies of the Russian Academy of Sciences, said. To implement the initiative, China has promoted the establishment of financial institutions such as the Asian Infrastructure Investment Bank and the Silk Road Fund, Ostrovsky said, noting that partner countries have thus acquired facilities that they might not be able to build on their own. In addition to enhancing regional economic integration and infrastructure development, Ostrovsky said that the initiative has also helped to expand Customs cooperation, facilitate financial transactions, reduce investment and trade barriers, promote local currency settlement and deepen humanitarian cooperation. Some European and US experts who were initially skeptical about the BRI have come to acknowledge its role, believing that it has not only promoted the economic development of China and participating countries, but also fostered global connectivity, and facilitated the formation of a unified world market, he said. "The BRI reflects China's efforts to reform the global governance system and enhance the role of Global South countries in the world economy," said Ostrovsky.

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History of this topic

China reports active trade with BRI countries in 2024: commerce ministry
2 months ago

China reports active trade with BRI countries in 2024: commerce ministry

China Daily  

BEIJING -- China's trade in goods with Belt and Road Initiative partner countries hit 22.1 trillion yuan in 2024, the Ministry of Commerce said on Wednesday. Nearly 54 percent of China's imports came from BRI partner countries last year, as China's super-large market has been providing development opportunities for nations around the world, ministry official Li Yongjie told a press …

China reports active trade with BRI countries in 2024: commerce ministry
2 months ago

China reports active trade with BRI countries in 2024: commerce ministry

China Daily  

BEIJING -- China's trade in goods with Belt and Road Initiative partner countries hit 22.1 trillion yuan in 2024, the Ministry of Commerce said on Wednesday. Nearly 54 percent of China's imports came from BRI partner countries last year, as China's super-large market has been providing development opportunities for nations around the world, ministry official Li Yongjie told a press …

BRI greatly boosts economic potential of involved countries
3 months ago

BRI greatly boosts economic potential of involved countries

China Daily  

MOSCOW — Countries participating in the China-proposed Belt and Road Initiative have the opportunity to increase their economic potential significantly, Andrei Ostrovsky, chief researcher of the Institute of Oriental Studies of the Russian Academy of Sciences, said. To implement the initiative, China has promoted the establishment of financial institutions such as the Asian Infrastructure Investment Bank and the Silk Road …

Railway can drive Nepal's BRI programs to new height
Trending News
3 months ago

Railway can drive Nepal's BRI programs to new height

China Daily  

With the signing of a memorandum of understanding on China-Nepal cooperation under the framework of the Belt and Road Initiative and the recent deal on BRI framework agreement for project implementation, Nepal is expected to make a major headway in the implementation of the initiative. Amid several ups and downs including some obscurities, internal political instability and geopolitics, there was …

Xi: Advance Belt and Road cooperation
3 months, 1 week ago

Xi: Advance Belt and Road cooperation

China Daily  

President Xi Jinping and other Party and State leaders, as well as government officials, business executives and experts, attend the symposium on BRI development on Monday. As Belt and Road cooperation ushers in a new stage of high-quality development, Xi said efforts should be made to ensure that Belt and Road cooperation benefits China while continuing to bring a sense …

Xi: Advance Belt and Road cooperation
3 months, 1 week ago

Xi: Advance Belt and Road cooperation

China Daily  

President Xi Jinping addresses a symposium on the development of the Belt and Road Initiative in Beijing on Monday. XIE HUANCHI/XINHUA President Xi Jinping emphasized on Monday the importance of properly addressing various risks and challenges and overcoming the impact of geopolitical conflicts, as China advances high-quality cooperation under the Belt and Road Initiative, which has entered its second decade. …

Xi: Advance Belt and Road cooperation
3 months, 1 week ago

Xi: Advance Belt and Road cooperation

China Daily  

President Xi Jinping addresses a symposium on the development of the Belt and Road Initiative in Beijing on Monday. XIE HUANCHI/XINHUA President Xi Jinping emphasized on Monday the importance of properly addressing various risks and challenges and overcoming the impact of geopolitical conflicts, as China advances high-quality cooperation under the Belt and Road Initiative, which has entered its second decade. …

Xi: Advance Belt and Road cooperation
3 months, 1 week ago

Xi: Advance Belt and Road cooperation

China Daily  

President Xi Jinping addresses a symposium on the development of the Belt and Road Initiative in Beijing on Monday. XIE HUANCHI/XINHUA President Xi Jinping emphasized on Monday the importance of properly addressing various risks and challenges and overcoming the impact of geopolitical conflicts, as China advances high-quality cooperation under the Belt and Road Initiative, which has entered its second decade. …

Xi: Advance Belt and Road cooperation
3 months, 1 week ago

Xi: Advance Belt and Road cooperation

China Daily  

President Xi Jinping addresses a symposium on the development of the Belt and Road Initiative in Beijing on Monday. XIE HUANCHI/XINHUA President Xi Jinping emphasized on Monday the importance of properly addressing various risks and challenges and overcoming the impact of geopolitical conflicts, as China advances high-quality cooperation under the Belt and Road Initiative, which has entered its second decade. …

Xi: Advance Belt and Road cooperation
3 months, 1 week ago

Xi: Advance Belt and Road cooperation

China Daily  

President Xi Jinping and other Party and State leaders, as well as government officials, business executives and experts, attend the symposium on BRI development on Monday. As Belt and Road cooperation ushers in a new stage of high-quality development, Xi said efforts should be made to ensure that Belt and Road cooperation benefits China while continuing to bring a sense …

China prepares to enhance ties with central Asia
4 months, 1 week ago

China prepares to enhance ties with central Asia

China Daily  

China pledged on Monday to enhance ties with Kazakhstan and Uzbekistan and strengthen communication, cooperation and coordination with the two Central Asian countries within the multilateral framework including the United Nations, the Shanghai Cooperation Organization and the China-Central Asia mechanism. While meeting with Bektenov, Li expressed China's willingness to work with Kazakhstan to deepen political mutual trust, firmly support each …

China prepares to enhance ties with central Asia
4 months, 1 week ago

China prepares to enhance ties with central Asia

China Daily  

China pledged on Monday to enhance ties with Kazakhstan and Uzbekistan and strengthen communication, cooperation and coordination with the two Central Asian countries within the multilateral framework including the United Nations, the Shanghai Cooperation Organization and the China-Central Asia mechanism. While meeting with Bektenov, Li expressed China's willingness to work with Kazakhstan to deepen political mutual trust, firmly support each …

Xi Calls for Enhanced Cooperation among BRICS Plus Countries to Achieve Common Security and Development
4 months, 2 weeks ago

Xi Calls for Enhanced Cooperation among BRICS Plus Countries to Achieve Common Security and Development

China Daily  

Chinese President Xi Jinping urges BRICS Plus countries to uphold peace and achieve common security. Xi emphasizes the collective rise of the Global South and its significance in world history. He calls on BRICS Plus countries to be active drivers of common development, enhance communication and dialogue, and promote people-to-people exchanges and experience-sharing in governance.

Xi Calls for Greater BRICS Cooperation, Stresses Shared Vision for Global Governance Reform
4 months, 2 weeks ago

Xi Calls for Greater BRICS Cooperation, Stresses Shared Vision for Global Governance Reform

China Daily  

Chinese President Xi Jinping outlines a broad vision for BRICS cooperation, emphasizing shared efforts to strengthen solidarity and cooperation among Global South nations. Xi calls for the enlargement of BRICS membership and the establishment of a BRICS Deep-Sea Resources International Research Center, a China Center for Cooperation on Development of Special Economic Zones in BRICS Countries, a China Center for …

BRICS: A Gateway to a More Inclusive and Equitable Global Order
Trending News
4 months, 3 weeks ago

BRICS: A Gateway to a More Inclusive and Equitable Global Order

China Daily  

Chinese President Xi Jinping highlights BRICS' role in promoting a multipolar world and driving globalization during his meeting with Russian President Vladimir Putin in Kazan, Russia. He expresses hope for in-depth discussions on the future development of BRICS, with a focus on securing more opportunities for the Global South.

BRICS: A Gateway to a More Inclusive and Equitable Global Order
Trending News
4 months, 3 weeks ago

BRICS: A Gateway to a More Inclusive and Equitable Global Order

China Daily  

Chinese President Xi Jinping emphasizes the importance of the BRICS mechanism in promoting a multipolar world and driving globalization during his meeting with Russian President Vladimir Putin in Kazan, Russia. Xi highlights the BRICS platform's potential to address global issues and secure more opportunities for the Global South. Putin expresses Russia's commitment to close cooperation with China to ensure the …

Four-wheel drive
8 months ago

Four-wheel drive

China Daily  

JIN DING/CHINA DAILY Since the Belt and Road Initiative was proposed more than 10 years ago, various infrastructure projects jointly promoted by BRI partner countries have had an influential impact. Large-scale infrastructure projects have not only changed the landscape of the world economy, but also enhanced the industrialization level and wellbeing of participating countries, thus becoming textbook cases of contemporary …

'A just cause finds great support': Xi Jinping and the Shanghai Cooperation Organization
8 months, 2 weeks ago

'A just cause finds great support': Xi Jinping and the Shanghai Cooperation Organization

China Daily  

MODERN SILK ROAD The SCO is naturally connected to Xi's signature proposal, the Belt and Road Initiative. Over the decade, Xi has used the BRI as a key driver to promote China's practical cooperation with the SCO countries and to accelerate development. Earlier this month via video link, Xi, along with Kyrgyz President Sadyr Japarov and Uzbek President Shavkat Mirziyoyev, …

BRIdging a divide
8 months, 3 weeks ago

BRIdging a divide

China Daily  

WANG XIAOYING/CHINA DAILY The China-Europe freight rail service, backed by the Belt and Road Initiative, recently reached a significant milestone by completing its 90,000th trip. The initiative has driven nearly 1 trillion dollars in investments, led to cooperative projects, created job opportunities in partner countries, and significantly contributed to lifting thousands of people out of poverty. Now, the BRI is …

BRIdging a divide
8 months, 3 weeks ago

BRIdging a divide

China Daily  

WANG XIAOYING/CHINA DAILY The China-Europe freight rail service, backed by the Belt and Road Initiative, recently reached a significant milestone by completing its 90,000th trip. The initiative has driven nearly 1 trillion dollars in investments, led to cooperative projects, created job opportunities in partner countries, and significantly contributed to lifting thousands of people out of poverty. Now, the BRI is …

A visit to preserve China’s interests in Europe
9 months, 2 weeks ago

A visit to preserve China’s interests in Europe

The Hindu  

The Chinese President Xi Jinping’s first trip to Europe in five years, earlier this month, was carefully constructed as evidenced by his ports of call — France, Serbia and Hungary. Mr. Xi had three goals — to prevent the EU from getting too close to the U.S., to avert a trade standoff with EU and to bolster China’s standing in …

Maldives President praises China's BRI project amid diplomatic row with India
1 year, 2 months ago

Maldives President praises China's BRI project amid diplomatic row with India

Firstpost  

Speaking at an event in Fuzhou, Maldives President Mohammed Muizzu praised China’s Belt and Road Initiative and pushed for Chinese investment in his nation, even as a diplomatic crisis with India simmered beneath the surface. Speaking at the Fuzhou event, Muizzu lauded the Belt and Road Initiative, a massive infrastructure project aimed at connecting East Asia and Europe and expanding …

Analysts hit out at the use of smear tactics and fake news by Western nations
1 year, 2 months ago

Analysts hit out at the use of smear tactics and fake news by Western nations

China Daily  

Analysts have condemned attempts to smear and spread fake news about the Belt and Road Initiative, or BRI, which they said has brought great benefits to the world. Some Western politicians, scholars and media outlets have even spread false information about China's alleged neocolonialism, debt traps, resource exploitation, and environmental harm, the analysts said. Referring to frequent accusations by some …

BRI chalks up a decade of far-reaching achievements
1 year, 2 months ago

BRI chalks up a decade of far-reaching achievements

China Daily  

LI MIN/CHINA DAILY Initiative the new economic development philosophy of 21st century When visiting his family in Bangladesh in August, Mostak Ahamed Galib eagerly anticipated seeing the Padma Bridge, known among locals as the "bridge of dreams". Koh King Kee, president of the Center for New Inclusive Asia, a Malaysian think tank, said that over the past decade, the BRI …

BRI helps to strengthen Italy and China cooperation
1 year, 3 months ago

BRI helps to strengthen Italy and China cooperation

China Daily  

The Belt and Road Initiative has attracted the participation of more than 150 countries and partners from various fields, bringing tangible benefits to businesses and people of participating countries, including Italy, said the Ministry of Commerce on Thursday. Speaking at a weekly news conference in Beijing, Shu Jueting, spokeswoman for the ministry, said that the BRI has become the most …

Country largest trade partner of 25 BRI economies
1 year, 4 months ago

Country largest trade partner of 25 BRI economies

China Daily  

Visitors exchange views on smart city solutions during the second conference of the Global Economic Development and Security Forum of the Boao Forum for Asia in Changsha, Hunan province, on Sunday. China has become the largest trade partner of 25 economies involved in the Belt and Road Initiative, a report said. The import and export value between China and other …

BRI also means soft connectivity, greater people-to-people contact
1 year, 4 months ago

BRI also means soft connectivity, greater people-to-people contact

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. The smooth advancement of the Belt and Road Initiative requires not only "hard connectivity" of infrastructure, but also "soft connectivity" of rules and standards. While eligible foreigners can apply for a "visa on arrival", with the improvement of information, standards and regulation of China's exit-entry services, they can also apply …

BRI brings concrete developments for Kazakhstan
1 year, 4 months ago

BRI brings concrete developments for Kazakhstan

China Daily  

SHI YU/CHINA DAILY Chinese President Xi Jinping proposed the Silk Road Economic Belt during his visit to Kazakhstan in 2013. Now more than 150 countries and 30 international organizations have signed more than 230 cooperation agreements with China under the Belt and Road framework, reflecting the global popularity of the initiative. Last year, the leaders of Kazakhstan and China vowed …

Shandong enterprises actively join the BRI
1 year, 4 months ago

Shandong enterprises actively join the BRI

China Daily  

Shandong enterprises are playing a bigger role in the development of the Belt and Road Initiative. This year, which marks the 10th anniversary of the BRI, witnesses remarkable achievements made by Shandong enterprises as they pursue international business and bilateral cooperation with foreign countries. Since its involvement in Indonesia through the Belt and Road Initiative, the company has emerged as …

BRI brings concrete developments for Kazakhstan
1 year, 4 months ago

BRI brings concrete developments for Kazakhstan

China Daily  

SHI YU/CHINA DAILY Chinese President Xi Jinping proposed the Silk Road Economic Belt during his visit to Kazakhstan in 2013. Now more than 150 countries and 30 international organizations have signed more than 230 cooperation agreements with China under the Belt and Road framework, reflecting the global popularity of the initiative. Last year, the leaders of Kazakhstan and China vowed …

Experts chart the triumph of BRI
1 year, 4 months ago

Experts chart the triumph of BRI

China Daily  

"In the past decade, we have completed 1.0 version of the Belt and Road Initiative, from today, we are entering 2.0, with the focus on developing the economy, new energy, digital economy, etc. This is the original aspiration of China," said Zheng Yongnian, a professor of politics at the Chinese University of Hong Kong while attending the opening ceremony of …

The BRI at 10, some hits, many misses
1 year, 4 months ago

The BRI at 10, some hits, many misses

The Hindu  

The Third Belt and Road Forum for International Cooperation that was convened in Beijing, China has put the spotlight back on Chinese President Xi Jinping’s signature initiative. Academic Xue Li likened the BRI to China’s Marshall Plan, stating that it was a gateway for China to transition from a regional power with global influence to a global power with comprehensive …

Russia's Putin says world conflicts 'strengthen' ties with China
1 year, 4 months ago

Russia's Putin says world conflicts 'strengthen' ties with China

The Hindu  

Russian leader Vladimir Putin said on Wednesday that world conflicts "strengthen" his country's relations with China, after talks with Xi Jinping that celebrated their nations' deepening political and economic ties. Mr. Putin, on his first trip to a major global power since Russia's invasion of Ukraine, met his "old friend" Mr. Xi in Beijing on the sidelines of a major …

China’s Xi warns West against economic ‘decoupling’
1 year, 4 months ago

China’s Xi warns West against economic ‘decoupling’

Al Jazeera  

The Chinese president praised his Belt and Road Initiative at its 10-year anniversary forum, saying it is the ‘right path forward’. Chinese President Xi Jinping has warned Western states against “decoupling” from his country’s economy, insisting amid declining foreign investment that China’s development should be viewed as not a threat but an asset. “We stand against unilateral sanctions, economic coercion, …

'BRI Loans Neither Windfall Nor Alms-Giving': Chinese President Xi Amid Criticism Of Its Flagship Project
1 year, 4 months ago

'BRI Loans Neither Windfall Nor Alms-Giving': Chinese President Xi Amid Criticism Of Its Flagship Project

ABP News  

New Delhi: Amid criticism that China's mega projects turned out to be debt traps for smaller nations, President Xi Jinping on Tuesday saluted the countries that signed up for its flagship project Belt and Road Initiative. Addressing his welcome banquet for guests attending the third Belt and Road Forum for International Cooperation, he said that the loans provided by Beijing …

How the Belt and Road gives rise to a more inclusive world
1 year, 4 months ago

How the Belt and Road gives rise to a more inclusive world

China Daily  

In the autumn of 2013, China proposed the Belt and Road Initiative, igniting the imaginations of many by rekindling the spirit of the two-millennia-old ancient Silk Road. By June 2023, China had signed more than 200 BRI cooperation agreements with over 150 countries and 30 international organizations across five continents. Looking back over the past decade, the BRI has addressed …

As China's Belt and Road project turns 10, it's about more than just development
1 year, 4 months ago

As China's Belt and Road project turns 10, it's about more than just development

NPR  

As China's Belt and Road project turns 10, it's about more than just development Enlarge this image toggle caption VCG via Getty Images VCG via Getty Images BEIJING — Representatives from dozens of countries are gathering in Beijing this week to mark the 10th anniversary of China's Belt and Road Initiative, a signature foreign policy initiative for China's leader, Xi …

Belt and Road Initiative | Silk Roads at a crossroads
1 year, 5 months ago

Belt and Road Initiative | Silk Roads at a crossroads

The Hindu  

On October 17, Chinese President Xi Jinping will host more than a dozen world leaders in Beijing, including Russian President Vladimir Putin, for the third Belt and Road Forum, which will mark the 10 year anniversary of the Belt and Road Initiative. zero tolerance for corruption, and promotes steady and high-quality growth.” The BRI was launched by Mr. Xi in …

China touts its Belt and Road infrastructure lending as an alternative for international development
1 year, 5 months ago

China touts its Belt and Road infrastructure lending as an alternative for international development

Associated Press  

BEIJING — China is touting its 10-year-old Belt and Road Initiative as an alternative model for economic development, releasing a government report that praises the program while glossing over criticism that it has saddled poor countries with too much debt. “On some level, China has added a World Bank to the developing world, and that is no small feat and …

A Decade Down the Belt and Road
1 year, 5 months ago

A Decade Down the Belt and Road

The Diplomat  

When President Xi Jinping launched the Belt and Road Initiative in September 2013, he signaled the dawn of a new era in how China engaged with the world. At home, the BRI must jockey for position in view of other leadership priorities – namely the launch of the more development-centered Global Development Initiative and China’s slowing domestic economy. The first …

BRI helps boost African nations' development
1 year, 6 months ago

BRI helps boost African nations' development

China Daily  

MA XUEJING/CHINA DAILY This year marks the 10th anniversary of not only the Belt and Road Initiative but also the principles governing China's Africa policy which President Xi Jinping has put forward. Based on China's Africa policy of sincerity, real results, amity, good faith, and pursuit of greater good and shared interests, the two sides have deepened cooperation, making the …

Joining China's Belt and Road was an 'atrocious' decision, Italian minister says
1 year, 7 months ago

Joining China's Belt and Road was an 'atrocious' decision, Italian minister says

Firstpost  

Even though Italy is a part of the BRI, Meloni called it a “paradox” that it is not the G7 nation with the strongest trade ties to China Italy made a “improvised and atrocious” decision when it joined China’s Belt and Road Initiative four years ago as it did little to boost exports, Italian Defence Minister Guido Crosetto said in …

Belt, Road a boon for global cooperation
1 year, 9 months ago

Belt, Road a boon for global cooperation

China Daily  

Employees from Power Construction Corp of China, or PowerChina, work on the construction site of a hydropower station in Nepal in December. In wake of pandemic slowdowns, decade-old initiative plays major role in China's partnerships with other nations, regions After setting up a delivery services venture between China and Southeast Asia in 2019, Best Inc of Hangzhou, Zhejiang province, said …

What is going on with China's Belt and Road Initiative?
1 year, 9 months ago

What is going on with China's Belt and Road Initiative?

ABC  

China's grand Belt and Road Initiative has been underway for a decade as part of Beijing's crusade to become the world's leading economic superpower at the centre of a new global trade network. Since 2015, the BRI has expanded that to include "specific action plans" on a range of other areas including education, culture, agriculture, energy, maritime cooperation, health and …

Expanded BRICS would bring widespread benefits
1 year, 10 months ago

Expanded BRICS would bring widespread benefits

China Daily  

Interestingly, a new "continent "of multiculturalism is in the making in the shape of a strategic expansion of the BRICS grouping of emerging economies — Brazil, Russia, India, China and South Africa — with more countries keen to join. An expanded BRICS would vividly reflect the true spirit of multilateralism, which could guarantee the survival of emerging markets and developing …

Belt and Road Initiative (BRI): Challenges and future prospects
1 year, 10 months ago

Belt and Road Initiative (BRI): Challenges and future prospects

Hindustan Times  

The Belt and Road Initiative is a large-scale infrastructure development programme launched by China in 2013. The Silk Road Economic Belt focuses on improving connectivity and cooperation between China and countries in Central Asia, Europe, and West Asia, while the 21st century Maritime Silk Road focuses on strengthening maritime cooperation between China and countries in Southeast Asia, South Asia, and …

10 years on, BRI is humming
2 years ago

10 years on, BRI is humming

China Daily  

Workers at the construction site of the Suez Canal Railway Bridge in Ismailia, Egypt, on June 5. "The BRI has become a popular international public good and a platform for international cooperation, and brings huge benefits to the world, especially to countries that aspire to development in Africa," he said. "The BRI, with the development of African nations, sets a …

China's Green Development in the New Era
2 years, 1 month ago

China's Green Development in the New Era

China Daily  

Building the Earth into a Beautiful Home Green development and eco-environmental progress are the responsibility of all humanity. It has also launched the Initiative for Belt and Road Partnership on Green Development with 31 countries, established the Belt and Road Energy Partnership with 32 countries, led the creation of the Belt and Road Initiative International Green Development Coalition, founded the …

Will the BRI Survive Economic Decoupling?
2 years, 3 months ago

Will the BRI Survive Economic Decoupling?

The Diplomat  

Since 2019, Belt and Road Initiative investments by China have markedly declined. Many have declared this drop to be the end of the BRI, as conflicts in implementing projects have accumulated, tensions with the West rise, and the internal economic situation in China continues to deteriorate. Even in the current moment of deglobalizing trade and accelerating decoupling between China and …

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