Experts' take on Belt and Road Initiative
1 year, 3 months ago

Experts' take on Belt and Road Initiative

China Daily  

Only BRI truly meets infrastructure needs The 10th anniversary of the Belt and Road Initiative marks its coming of age amid rising geopolitical tensions. As the Belt and Road Initiative makes new inroads in Latin America, once dubbed the "backyard of the US", the post-pandemic Southeast Asia is now on the threshold of economic recovery with an escalating demand for infrastructure development. While the BRI skeptics in the West continue to cast aspersions on the BRI infrastructure projects, little did they anticipate China-ASEAN goods trade volume in 2022 — the year when the Regional Comprehensive Economic Partnership agreement came into force — has posted an impressive increase of 15 percent year-on-year. Prior to this, the European Union was joining the fray when it launched the "Global Gateway" program in 2021 with a commitment to deliver a "values-driven, high-standard and transparent" infrastructure partnership to meet the global infrastructure development needs.

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History of this topic

BRI chalks up a decade of far-reaching achievements
1 year 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 …

US' copycat moves demonstrate BRI's worth
1 year, 2 months 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 …

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  

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 …

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  

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. Editor's note: After fruitful 10 years of the Belt and Road Initiative, the initiative enters into another golden decade with efforts to achieve modernization for countries and build an open and inclusive world. Initiative rooted …

Experts chart the triumph of BRI
1 year, 2 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, 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 …

'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 …

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 …

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 …

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

Experts' take on Belt and Road Initiative
1 year, 3 months ago

Experts' take on Belt and Road Initiative

China Daily  

Editor's note: The Belt and Road Initiative has opened up enormous development opportunities for countries involved in the initiative. Comprising the Silk Road Economic Belt and the 21st Century Maritime Silk Road, the Belt and Road Initiative has helped improve infrastructure and connectivity between and within countries. Concurrently, the European Union launched its copycat version, "Golden Gateway", to "compete" with …

Only BRI truly meets infrastructure needs
1 year, 3 months ago

Only BRI truly meets infrastructure needs

China Daily  

The 10th anniversary of the Belt and Road Initiative marks its coming of age amid rising geopolitical tensions. As the Belt and Road Initiative makes new inroads in Latin America, once dubbed the "backyard of the US", the post-pandemic Southeast Asia is now on the threshold of economic recovery with an escalating demand for infrastructure development. While the BRI skeptics …

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 …

Africa sees Belt and Road as precious opportunity
1 year, 3 months ago

Africa sees Belt and Road as precious opportunity

China Daily  

This photo taken on July 23, 2023 shows a grocery store powered by solar energy in a village in Lusaka, Zambia. The people of the world in general and African people in particular see clearly that this initiative presents a precious opportunity for peace and sustainable global development. China's experience can be considered a source of wisdom for Africa, and …

China says 90 countries have confirmed attendance for Belt and Road Initiative conference
1 year, 4 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 …

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 …

Forum: Progress of the Belt and Road Initiative
2 years, 3 months ago

Forum: Progress of the Belt and Road Initiative

China Daily  

MA XUEJING/CHINA DAILY Editor's note: In the last almost one decade, the Belt and Road Initiative has been an integral part of the global economy and has greatly bolstered developing economies. It should be noted that next year marks 10 years since the Belt and Road Initiative was first proposed, when Chinese President Xi Jinping called on countries in Central …

Forum: Progress of the Belt and Road Initiative
2 years, 3 months ago

Forum: Progress of the Belt and Road Initiative

China Daily  

MA XUEJING/CHINA DAILY Editor's note: In the last almost one decade, the Belt and Road Initiative has been an integral part of the global economy and has greatly bolstered developing economies. It should be noted that next year marks 10 years since the Belt and Road Initiative was first proposed, when Chinese President Xi Jinping called on countries in Central …

Explained | What is the status of China’s Belt and Road Initiative in South Asia?
2 years, 6 months ago

Explained | What is the status of China’s Belt and Road Initiative in South Asia?

The Hindu  

The story so far: At the recently concluded summit of G7 leaders in Germany, United States President Joe Biden and his allies unveiled their $600-billion plan called the Partnership for Global Infrastructure and Investment to build infrastructure projects in developing and middle-income countries. The progress of BRI in South Asia Pakistan On his 2015 visit to Pakistan, Mr. Jinping and …

Explained | The G7’s $600 billion plan to counter China’s Belt and Road Initiative
2 years, 6 months ago

Explained | The G7’s $600 billion plan to counter China’s Belt and Road Initiative

The Hindu  

The story so far: On June 26, U.S. President Joe Biden along with his G7 allies unveiled the ambitious Partnership for Global Infrastructure and Investment, announcing the collective mobilisation of $600 billion by 2027 to deliver “game-changing” and “transparent” infrastructure projects to developing and middle-income countries. The PGII is being seen as the G7’s counter to China’s multi-trillion dollar Belt …

Countering Belt and Road bound to fail
3 years, 6 months ago

Countering Belt and Road bound to fail

China Daily  

Canadian Prime Minister Justin Trudeau, European Council President Charles Michel, US President Joe Biden, Japan's Prime Minister Yoshihide Suga, British Prime Minister Boris Johnson, Italy's Prime Minister Mario Draghi, French President Emmanuel Macron, European Commission President Ursula von der Leyen and German Chancellor Angela Merkel pose for a group photo at the G7 summit, in Carbis Bay, Britain, June 11, …

G7 to counter China’s BRI with big infrastructure project: Senior U.S. official
3 years, 6 months ago

G7 to counter China’s BRI with big infrastructure project: Senior U.S. official

Live Mint  

CARBIS BAY, England: The Group of Seven will seek to rival China’s multi-trillion-dollar Belt and Road initiative on Saturday by announcing a global infrastructure plan to help developing nations, a senior official in U.S. President Joe Biden's administration said. The U.S. official, who spoke to reporters on condition of anonymity, said the United States would also push the other G7 …

Biden suggests creating initiative to rival China’s Belt and Road
3 years, 9 months ago

Biden suggests creating initiative to rival China’s Belt and Road

Al Jazeera  

US President Joe Biden says he suggested that democratic countries band together to fund infrastructure in less developed countries during a call with British Prime Minister Boris Johnson. United States President Joe Biden said he suggested to British Prime Minister Boris Johnson in a phone call on Friday that democratic countries should have an infrastructure plan to rival China’s Belt …

BRI cooperation will drive economic recovery post-COVID-19: experts
4 years ago

BRI cooperation will drive economic recovery post-COVID-19: experts

China Daily  

The Belt & Road Brand Expo in Shanghai, June 30, 2018. KUALA LUMPUR - The China-proposed Belt and Road Initiative will play a key role in post-COVID-19 economic recovery, according to academics participating in the International Forum on New Inclusive Asia 2020 on Thursday. In his opening remarks, Ong Tee Keat, founding chairman of the Center for New Inclusive Asia, …

End of the Road for the Belt and Road?
4 years, 3 months ago

End of the Road for the Belt and Road?

The Diplomat  

In late July, the Chinese Communist Party’s Politburo held a meeting to outline China’s economic priorities for the rest of 2020 – an even more pressing task than usual, given the economic wreckage left by the COVID-19 pandemic. Wang Xiaolong, director general of the Chinese Foreign Ministry’s International Economic Affairs Department, reported at a news briefing in June that 20 …

Building a brighter, greener future
5 years, 7 months ago

Building a brighter, greener future

China Daily  

Editor's Note: The Second Belt and Road Forum for International Cooperation was held in Beijing from April 25 to 27. Wang Yuekui, president of BHP China A1 I am pleased to see the Belt and Road Initiative has gathered steam since it was first conceived six years ago. BHP believes that the BRI can revitalize the ancient trade corridor and …

Building a brighter, greener future
5 years, 7 months ago

Building a brighter, greener future

China Daily  

Editor's Note: The Second Belt and Road Forum for International Cooperation was held in Beijing from April 25 to 27. Wang Yuekui, president of BHP China A1 I am pleased to see the Belt and Road Initiative has gathered steam since it was first conceived six years ago. BHP believes that the BRI can revitalize the ancient trade corridor and …

Belt and Road 2.0
5 years, 8 months ago

Belt and Road 2.0

The Hindu  

Six years after it was unveiled, China’s Belt and Road Initiative assumes another avatar. The first concerned domestic economics: exporting surplus industrial capacity and cash reserves overseas to keep China’s economy humming, its industrial output flowing, and its employment levels high. And the fourth concerned strategy: leveraging China’s new-found economic heft for political objectives in Asia, Africa, Europe, and the …

An image makeover of the Belt and Road Initiative
5 years, 8 months ago

An image makeover of the Belt and Road Initiative

The Hindu  

As the Second Belt and Road Forum, reviewing progress of the Belt and Road Initiative, concluded in Beijing on April 27, China had reason to be satisfied. The UN Secretary General and IMF Managing Director were in attendance, the latter extolling the BRI’s achievements, “from stimulating infrastructure investment to developing new global supply chains”. Litany of complaints The Chinese leadership …

3 Ways China Can Make the Belt and Road Initiative More Successful
5 years, 8 months ago

3 Ways China Can Make the Belt and Road Initiative More Successful

The Diplomat  

As a midsize European country, Italy is keeping a subtle balance between the European Union and China since its signing of a memorandum of understanding on joining Beijing’s Belt and Road Initiative. According to the latest BRI report in 2019 released by the country, the Chinese government had signed 173 cooperation agreements with 125 countries and 29 international organizations by …

Belt and Road Cooperation: Shaping a Brighter Shared Future
5 years, 8 months ago

Belt and Road Cooperation: Shaping a Brighter Shared Future

China Daily  

A display in downtown Beijing for the Second Belt and Road Forum for International Cooperation on April 25, 2019. We, President Xi Jinping of the People's Republic of China, President Ilham Aliyev of the Republic of Azerbaijan, President Alexander Lukashenko of the Republic of Belarus, His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah of Brunei Darussalam, President Sebastián Piñera Echenique …

Belt and Road Cooperation: Shaping a Brighter Shared Future
5 years, 8 months ago

Belt and Road Cooperation: Shaping a Brighter Shared Future

China Daily  

A display in downtown Beijing for the Second Belt and Road Forum for International Cooperation on April 25, 2019. We, President Xi Jinping of the People's Republic of China, President Ilham Aliyev of the Republic of Azerbaijan, President Alexander Lukashenko of the Republic of Belarus, His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah of Brunei Darussalam, President Sebastián Piñera Echenique …

Who will benefit from China’s Belt and Road Initiative?
5 years, 8 months ago

Who will benefit from China’s Belt and Road Initiative?

Al Jazeera  

As President Xi allays debt concerns, analysts say the project’s success requires foresight and honesty from all sides. Beyond the hundreds of meetings and the agreements signed, photo-ops with three dozen heads of state, and promises of both private and public investment into infrastructure and trade, Xi took pains to underscore China’s good intentions and commitment to transparency and building …

China says Belt and Road Initiative has entered a new era of transparency
5 years, 8 months ago

China says Belt and Road Initiative has entered a new era of transparency

The Hindu  

China on Friday announced that the financial model for funding projects under its flagship Belt and Road Initiative had been revamped, countering criticism that its mega-connectivity undertaking was opening “debt traps” for enhancing its geopolitical influence. “We have also formulated guiding principles of financing the development of the Belt and Road and published debt sustainability framework for participating countries to …

China’s Xi pledges to ‘fight corruption’ at Belt and Road summit
5 years, 8 months ago

China’s Xi pledges to ‘fight corruption’ at Belt and Road summit

Al Jazeera  

President Xi Jinping laid out China’s aspirations for its Belt and Road Initiative that spans the globe. China‘s Belt and Road Initiative will focus on transparency and clean governance, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in “high-quality” growth for everyone. …

The BRI progress, contributions and prospects
5 years, 8 months ago

The BRI progress, contributions and prospects

China Daily  

Prospects Today's world is in a stage of major developments, transformation and adjustment. During the second Belt and Road Forum for International Cooperation, China will sign a number of key projects on industrial and investment cooperation with other B&R countries. In pursing the Belt and Road Initiative, we should seek inclusive development that is beneficial to all, build an open …

The BRI progress, contributions and prospects
5 years, 8 months ago

The BRI progress, contributions and prospects

China Daily  

Prospects Today's world is in a stage of major developments, transformation and adjustment. During the second Belt and Road Forum for International Cooperation, China will sign a number of key projects on industrial and investment cooperation with other B&R countries. In pursing the Belt and Road Initiative, we should seek inclusive development that is beneficial to all, build an open …

The BRI progress, contributions and prospects
5 years, 8 months ago

The BRI progress, contributions and prospects

China Daily  

Prospects Today's world is in a stage of major developments, transformation and adjustment. During the second Belt and Road Forum for International Cooperation, China will sign a number of key projects on industrial and investment cooperation with other B&R countries. In pursing the Belt and Road Initiative, we should seek inclusive development that is beneficial to all, build an open …

China Belt and Road summit to urge sustainable financing amid debt concerns
5 years, 8 months ago

China Belt and Road summit to urge sustainable financing amid debt concerns

Live Mint  

World leaders meeting in Beijing this week for a summit on China's Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth, according to a draft communique seen by Reuters. "We support collaboration among national and international financial institutions to provide diversified and sustainable financial supports for projects," the draft communique reads. …

Why Belt and Road Initiative is anything but debt trap
5 years, 8 months ago

Why Belt and Road Initiative is anything but debt trap

China Daily  

NAIROBI, April 13 — Almost six years after President Xi Jinping proposed the Belt and Road Initiative, the grand vision for promoting common development through better connectivity among countries and regions has been morphing into a solution for speeding up global cooperation for greater prosperity. "Accusation by some Western countries of China letting some countries fall into a debt trap …

Why Belt and Road Initiative is anything but debt trap
5 years, 8 months ago

Why Belt and Road Initiative is anything but debt trap

China Daily  

NAIROBI, April 13 — Almost six years after President Xi Jinping proposed the Belt and Road Initiative, the grand vision for promoting common development through better connectivity among countries and regions has been morphing into a solution for speeding up global cooperation for greater prosperity. "Accusation by some Western countries of China letting some countries fall into a debt trap …

What is the Belt and Road Initiative, and why is China pushing it hard?
5 years, 9 months ago

What is the Belt and Road Initiative, and why is China pushing it hard?

The Hindu  

The story so far: Six years ago, Chinese President Xi Jinping launched a mammoth infrastructure project straddling many countries and continents. Of the projects, the most ambitious is the $60+ billion China-Pakistan Economic Corridor, aimed at linking China’s Xinjiang province with the Arabian Sea. The Belt and Road Initiative, also known as the One Belt One Road Initiative, is the …

Belt and Road Initiative fulfills developing nations investments needs, govt says
5 years, 10 months ago

Belt and Road Initiative fulfills developing nations investments needs, govt says

China Daily  

Vice-Minister of Commerce Qian Keming attends a press conference on China's domestic market and all-round opening-up for the second session of the 13th National People's Congress in Beijing, March 9, 2019. Developing countries are in need of investment, and in the past five years through Belt and Road Initiative, China has helped many developing economies in infrastructure construction and production …

China's Belt and Road initiative and just what it means to sign on
6 years, 1 month ago

China's Belt and Road initiative and just what it means to sign on

ABC  

More and more countries are choosing to ink agreements with China on its trillion dollar Belt and Road initiative, a global infrastructure push aiming to recreate the glory days of China's ancient Silk Road trade routes. A common thread is the signatory and China agreeing to "work within the Belt and Road initiative" to achieve common development, and "ensure the …

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