China’s Ambitious BRI Faces the Pandemic Challenge
3 years, 3 months ago

China’s Ambitious BRI Faces the Pandemic Challenge

News 18  

The China Way The COVID-19 pandemic is undoubtedly hurting the global economy in a multitude of ways. Countries that had not signed MoUs with China within the BRI framework, witnessed an approximate 70 per cent drop in Chinese investments. On the Asian front, where 70 per cent control of Sri Lanka’s Hambantota port was leased to a Chinese state-owned firm for 99 years, it reinforced China’s ‘debt-trap diplomacy’—a term coined by the international community a few years back based on increasing debts owed to China by economically vulnerable nations. This also coincides with the G7’s Build Back Better World Initiative in 2021 for global infrastructure development, to counter China’s BRI. Hence, in the view of China’s domestic economy as well as the global economic slump aggravated by the pandemic, if Beijing goes ahead with the BRI, it needs a more steady approach with emphasis on the healthcare infrastructure, such as by revamping the Health Silk Road component of BRI which could add renewed credibility to the BRI.

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History of this topic

BRI greatly boosts economic potential of involved countries
1 week, 4 days 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 …

Maintaining global vision, China staunch supporter of global development
3 weeks, 1 day ago

Maintaining global vision, China staunch supporter of global development

China Daily  

MA XUEJING/CHINA DAILY China has been deepening international cooperation in poverty reduction, continuously sharing its anti-poverty experiences with other developing countries. His remarks fully demonstrated that China, always maintaining a global vision, is committed to building a just world of common development with all parties and is always ready to help people in other developing countries break free from poverty. …

Chinese overcapacity is crushing the global steel industry
1 month ago

Chinese overcapacity is crushing the global steel industry

Live Mint  

Each year China makes as much steel as the rest of the world combined. Last month Nippon Steel, Japan’s biggest steelmaker, called on the government to impose anti-dumping duties on Chinese imports. View Full Image The rich world has experienced surges in Chinese steel exports before, including in 2008 and 2015. Even in America, where hefty tariffs already keep out …

China committed to advancing BRI cooperation in green energy: white paper
3 months, 3 weeks ago

China committed to advancing BRI cooperation in green energy: white paper

China Daily  

A worker from State-owned China Railway 20th Bureau Group Corp waters plants near a section of the Andes National Road project in Peru in late July. BEIJING - China has worked with Belt and Road Initiative partner countries to deepen the energy transition, advance green cooperation, and achieve sustainable development, said a white paper issued on Thursday by China's State …

China’s inward turn: A path to stability or stagnation?
4 months, 4 weeks ago

China’s inward turn: A path to stability or stagnation?

Firstpost  

China’s obsession with control is backfiring. As its economy sputters, corruption plagues its military, and its global ambitions falter, the cracks in China’s facade are widening The Chinese Communist Party’s third plenary session concluded amidst fervent discourse on self-reliance and national security. While bolstering domestic industries is a key aim, this strategy masks profound economic contradictions and systemic vulnerabilities that …

Four-wheel drive
5 months, 2 weeks 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 …

BRIdging a divide
6 months, 1 week 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
6 months, 1 week 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 …

China hopes US will do something concrete for Africa's development: spokesperson
6 months, 2 weeks ago

China hopes US will do something concrete for Africa's development: spokesperson

China Daily  

BEIJING -- China hopes the United States will contribute real money to and do something concrete for the development and revitalization of Africa, a Chinese foreign ministry spokesperson said on Friday. Spokesperson Mao Ning made the remarks at a regular press briefing when asked to comment on US President Joe Biden's negative comments on the Belt and Road Initiative. China …

Chinese builder scores big in overseas infrastructure
6 months, 2 weeks ago

Chinese builder scores big in overseas infrastructure

China Daily  

Local and Chinese employees of China Railway 20th Bureau Group Corp work on a section of the rehabilitation project of Kaphatenga-Benga Road in Malawi in early May. In early May, at the construction site of the Kaphatenga-Benga Road rehabilitation project in Malawi, a prefabricated portal culvert section measuring 3.6 meters in length and 3 meters in height was accurately lifted …

Green advantage makes investors see opportunity, not overcapacity
7 months, 1 week ago

Green advantage makes investors see opportunity, not overcapacity

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. In an address delivered during the opening ceremony of the Global Trade and Investment Promotion Summit 2024 in Beijing on Monday, Chinese Vice-President Han Zheng said China will continue expanding high-level opening-up and sharing its development dividends with all parties, while …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A worker assembles a component at Sany's lighthouse factory in Bekasi, Indonesia, in August 2023. China's overseas investment and cooperation in steady development In 2023, the outbound direct investment by the whole industries of China reached 1.04 trillion yuan, an increase of 5.7 percent over the previous year, of which the non-financial direct investment reached 916.99 billion yuan, an increase …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

The freight train carrying the first batch of solar modules for China Energy Engineering Corp's 1-gigawatt projects in Uzbekistan, departs from Xi'an, Shaanxi province, on Aug 3, 2023. Over the past decade, the Belt and Road Initiative had become an important international public good, opening up a development path leading to common prosperity for all partner countries. In 2023, the …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A worker assembles a component at Sany's lighthouse factory in Bekasi, Indonesia, in August 2023. China's overseas investment and cooperation in steady development In 2023, the outbound direct investment by the whole industries of China reached 1.04 trillion yuan, an increase of 5.7 percent over the previous year, of which the non-financial direct investment reached 916.99 billion yuan, an increase …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

The freight train carrying the first batch of solar modules for China Energy Engineering Corp's 1-gigawatt projects in Uzbekistan, departs from Xi'an, Shaanxi province, on Aug 3, 2023. Over the past decade, the Belt and Road Initiative had become an important international public good, opening up a development path leading to common prosperity for all partner countries. In 2023, the …

Maldives President praises China's BRI project amid diplomatic row with India
11 months, 2 weeks 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 …

China eyes BRI tie-ups in green, digital fields
1 year ago

China eyes BRI tie-ups in green, digital fields

China Daily  

A wind farm generates power for grids in Zhoushan, Zhejiang province. "China will deploy resources and make precise efforts to sign more high-quality cooperation deals for jointly developing the BRI," said Xu. The nation will also advance people-to-people connectivity, innovation activities, green development and international cooperation on traditional Chinese medicine or TCM with all other BRI participants in the years …

China warns against ‘undermining’ Belt and Road plan after Italy withdraws
1 year ago

China warns against ‘undermining’ Belt and Road plan after Italy withdraws

Al Jazeera  

Italy, the only major Western power to have joined China’s global infrastructure initiative, is exiting in 2024. Without addressing Italy directly, China’s Ministry of Foreign Affairs issued a statement on Thursday opposing the “smearing and undermining of cooperation on the joint construction of the Belt and Road”. Foreign policy pillar BRI proposes massive investments in infrastructure such as roads, bridges …

Italy officially quits Chinese Belt and Road Initiative
1 year ago

Italy officially quits Chinese Belt and Road Initiative

Op India  

Italy has officially informed China that it is quitting the Belt and Road Initiative, Reuters reported on Wednesday citing Italian government sources. Another government source said, “We have every intention of maintaining excellent relations with China even if we are no longer part of the Belt and Road Initiative. Other G7 nations have closer relations with China than we do, …

Italy reportedly drops out of China Belt and Road initiative that failed to deliver
1 year ago

Italy reportedly drops out of China Belt and Road initiative that failed to deliver

Associated Press  

MILAN — Italy has formally withdrawn from China’s global Belt and Road initiative that seeks to deepen relations with foreign countries through infrastructure investments, Italian media reported on Wednesday. Italy became the first G7 country to sign on to the initiative in 2019, when the populist, anti-establishment Five Star Movement party-led government promoted it as a way of increasing trade …

Italy withdraws from China’s Belt and Road Initiative, reports say
1 year ago

Italy withdraws from China’s Belt and Road Initiative, reports say

Al Jazeera  

Italy PM Giorgia Meloni opposed participating in plan viewed by many as Beijing’s attempt to buy political influence. Italy has withdrawn from China’s Belt and Road Initiative, more than four years after becoming the only Group of Seven nation to sign up. After months of uncertainty regarding Italy’s involvement in the ambitious project, Rome conveyed its decision in a recent …

US' copycat moves demonstrate BRI's worth
1 year, 1 month ago

US' copycat moves demonstrate BRI's worth

China Daily  

By Li Min/China Daily Has the United States come to recognize the Belt and Road Initiative as a model for global development? Ten years have passed since President Xi Jinping proposed the Belt and Road Initiative, which contained six economic corridors and six routes, and multiple countries and ports. That the US recognizes, even if unofficially, the Belt and Road …

Country largest trade partner of 25 BRI economies
1 year, 1 month 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 …

Belt and Road key to fair global modernization
1 year, 1 month ago

Belt and Road key to fair global modernization

China Daily  

This photo taken on Oct 16, 2023 shows a decoration for the third Belt and Road Forum for International Cooperation in Beijing, capital of China. Since President Xi Jinping proposed the BRI in the autumn of 2013, it has become an engine of global infrastructure, energy and livelihood projects, including high-speed railways, highways, power plants, ports, airports, bridges and natural …

BRI also means soft connectivity, greater people-to-people contact
1 year, 2 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 …

Experts share views on Belt and Road Initiative
1 year, 2 months ago

Experts share views on Belt and Road Initiative

China Daily  

BRI brings concrete developments for Kazakhstan By SHAKHRAT NURYSHEV Chinese President Xi Jinping proposed the Silk Road Economic Belt during his visit to Kazakhstan in 2013. Kazakhstan was among the first countries to join the Belt and Road Initiative cooperation 10 years ago, because it realized the future impact and strategic importance of the initiative. Now more than 150 countries …

Experts share views on Belt and Road Initiative
1 year, 2 months ago

Experts share views on Belt and Road Initiative

China Daily  

Security tops agenda from Polish perspective By BOGDAN J. G RALCZYK Ten years ago, Chinese President Xi Jinping came up with the idea of Belt and Road Initiative. Looking from the Central European, or the Polish, perspective, one can describe the current global situation thus: The world right now is different from what it was decades ago; it is more …

Shandong enterprises actively join the BRI
1 year, 2 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 …

The BRI at 10, some hits, many misses
1 year, 2 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 …

How China's Belt and Road Initiative is changing after a decade of big projects and big debts
1 year, 2 months ago

How China's Belt and Road Initiative is changing after a decade of big projects and big debts

The Hindu  

China's Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns. Called “One Belt, One Road” in Chinese, the Belt and Road Initiative started as a program for Chinese companies to build transportation, energy and other infrastructure overseas funded by Chinese development bank …

China’s Xi promises open markets and billions in new investments for ‘Belt and Road’ projects
1 year, 2 months ago

China’s Xi promises open markets and billions in new investments for ‘Belt and Road’ projects

Associated Press  

BEIJING — Chinese President Xi Jinping promised foreign companies greater access to China’s huge market and more than $100 billion in new financing for other developing economies as he opened a forum Wednesday on his signature Belt and Road infrastructure initiative. Reiterating Chinese complaints that such moves are meant to limit China’s growth, Xi said that “viewing others’ development as …

China’s Xi warns West against economic ‘decoupling’
1 year, 2 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, …

Shandong contributes greatly to BRI development
1 year, 2 months ago

Shandong contributes greatly to BRI development

China Daily  

WANG XIAOYING/CHINA DAILY East China's Shandong province has actively integrated itself into the national opening-up strategy since the launch of the Belt and Road Initiative. According to official statistics, the number of BRI countries with annual trade volume exceeding 10 billion yuan with Shandong increased from 18 to 30 from 2013 to 2022. Over the past 10 years, Shandong's trade …

'BRI Loans Neither Windfall Nor Alms-Giving': Chinese President Xi Amid Criticism Of Its Flagship Project
1 year, 2 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 China’s Belt and Road Initiative is changing after a decade of big projects and big debts
1 year, 2 months ago

How China’s Belt and Road Initiative is changing after a decade of big projects and big debts

Associated Press  

BEIJING — China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns. Called “One Belt, One Road” in Chinese, the Belt and Road Initiative started as a program for Chinese companies to build transportation, energy and other infrastructure overseas funded by Chinese …

How the Belt and Road gives rise to a more inclusive world
1 year, 2 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, 2 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 …

China Reboots Its Belt and Road Initiative
1 year, 2 months ago

China Reboots Its Belt and Road Initiative

Live Mint  

A decade after its launch, China is trying to revive its sprawling infrastructure program by making it a lot less risky. Between 2013 and 2022, $960 billion of construction and investment deals had been reached between China and BRI participants, according to one estimate by China’s Fudan University. A document published this month by the State Council, China’s cabinet, talked …

Boosting the global energy transition
1 year, 2 months ago

Boosting the global energy transition

China Daily  

SHI YU/CHINA DAILY Through the Belt and Road Initiative, China can provide a much-needed boost to global climate action, benefiting billions of women, men and children around the world Over the past 10 years, the Belt and Road Initiative has made sizeable contributions to global development. The International Energy Agency data shows that China produced more than 80 percent of …

India to again boycott China's Belt and Road event amid criticism of CPEC: Sources
1 year, 2 months ago

India to again boycott China's Belt and Road event amid criticism of CPEC: Sources

India TV News  

India is set to boycott a summit of China's Belt and Road Initiative on Tuesday for the third consecutive time to highlight its stance on the controversial China-Pakistan Economic Corridor and the financial viability of Beijing's projects in other countries, according to sources. China is hosting the Belt and Road Forum for International Cooperation on Tuesday and Wednesday, as its …

Belt and Road Initiative | Silk Roads at a crossroads
1 year, 2 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 …

Ten years of Belt and Road shows secret behind initiative's success
1 year, 2 months ago

Ten years of Belt and Road shows secret behind initiative's success

China Daily  

Containers are loaded onto a cargo vessel in Qinzhou Port, Guangxi Zhuang autonomous region, a transit point on the New International Land-Sea Trade Corridor. This year marks the 10th anniversary of the Belt and Road Initiative, and over the past 10 years the initiative has not only laid a solid foundation for win-win cooperation among Belt and Road countries and …

India likely to skip China’s BRI summit
1 year, 2 months ago

India likely to skip China’s BRI summit

The Hindu  

India is likely to skip China’s third summit marking President Xi Jinping’s signature Belt and Road Initiative, which, Beijing announced on Wednesday, will be held on October 17 in the Chinese capital. Sri Lankan President Ranil Wickremesinghe is also likely to attend, Sri Lankan media reported, among several leaders from countries in Asia, Africa and Latin America. India did not …

China touts its Belt and Road infrastructure lending as an alternative for international development
1 year, 2 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, 3 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 …

China says 90 countries have confirmed attendance for Belt and Road Initiative conference
1 year, 3 months ago

China says 90 countries have confirmed attendance for Belt and Road Initiative conference

The Hindu  

China said on Thursday that 90 countries have confirmed attendance for its Belt and Road Initiative conference being held in October. Russian President Vladimir Putin also has a scheduled visit to China in October when the country hosts the One Belt One Road forum, Putin's aide Yuri Ushakov said recently, according to Russia's state news agency TASS. China's foreign ministry …

China touts the benefits of its ‘Belt and Road’ initiative to Italy, which may end the agreement
1 year, 3 months ago

China touts the benefits of its ‘Belt and Road’ initiative to Italy, which may end the agreement

Associated Press  

BEIJING — China’s foreign minister is seeking to sell his Italian counterpart on the benefits of leader Xi Jinping’s signature “Belt and Road” initiative of Chinese-built and -funded infrastructure projects, as Rome considers whether to renew the agreement. China’s official Xinhua News Agency quoted Wang as telling Tajani that “China and Italy should adhere to the right way of getting …

China touts ‘Belt and Road’ to Italy amid growing doubts in Rome
1 year, 3 months ago

China touts ‘Belt and Road’ to Italy amid growing doubts in Rome

Al Jazeera  

China’s Wang Yi hails ‘thousand-year friendship’ with Italy as Rome weighs exit from infrastructure drive. China has insisted its Belt and Road initiative has “borne fruit” in Italy amid growing expectations Rome will exit Beijing’s signature infrastructure drive. China’s Foreign Minister Wang Yi told visiting Italian Deputy Prime Minister Antonio Tajani that growing cooperation between the countries has led to …

China’s economic troubles mark the end of its geopolitical ascent
1 year, 3 months ago

China’s economic troubles mark the end of its geopolitical ascent

Live Mint  

In the past few weeks, the world has discovered that the Chinese economy has serious problems and might already be in a crisis. As Adam Posen points out in a recent essay in Foreign Affairs, these “trends reflect people’s long-term economic decisions in the aggregate, and they strongly suggest that in China, people and companies are increasingly fearful of losing …

10 years of China's Belt & Road project: South Asia barring India & Bhutan, in a bind over Beijing’s predatory tactics
1 year, 5 months ago

10 years of China's Belt & Road project: South Asia barring India & Bhutan, in a bind over Beijing’s predatory tactics

Firstpost  

Except for India and Bhutan, all South Asian countries are part of the BRI. Despite this, a closer look at their economic conditions shows that China’s BRI promises haven’t been fulfilled since the project started a decade ago. This year marks the tenth anniversary of China’s ambitious Belt and Road Initiative, a $1.4 trillion project initiated by Xi Jinping with …

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