How China’s Belt and Road Initiative is changing after a decade of big projects and big debts
1 year, 5 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 development bank loans. China filled a gap left as other lenders shifted to areas such as health and education and away from infrastructure after coming under criticism for the impact major building projects can have on the environment and local communities, said Kevin Gallagher, the director of the Boston University Global Development Policy Center. On the climate front, China has pledged to stop building coal power plants overseas, though it remains involved in some, and is encouraging projects related to the green transition, Nedopil said.

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Balochistan liberation and debt directly hitting China-Pakistan Economic Corridor
1 week, 5 days ago

Balochistan liberation and debt directly hitting China-Pakistan Economic Corridor

Firstpost  

Both the increasing debt and uncontrolled militancy will keep the pot boiling and Pakistan in a mess for some time to come The hijacking of the Jaffar Express train from Quetta to Peshawar by the Balochistan Liberation Army on 11 March 2025 was another blow to the Pakistan security establishment. While CPEC has the potential to transform Pakistan’s economy, it …

Belt and Road Initiative poised to unlock regions' potential
2 months, 4 weeks ago

Belt and Road Initiative poised to unlock regions' potential

China Daily  

SHI YU/CHINA DAILY For Gonzalo Rios, Chancay Port in Peru is more than just a workplace — it represents dedication and commitment. "The port's expansion and modernization are expected to enhance the efficiency of logistics and transport networks, facilitating increased trade between Asia, particularly China and Latin American countries," she said. China's financial support has "significantly improved Africa's economic development …

Belt and Road Initiative poised to unlock regions' potential
2 months, 4 weeks ago

Belt and Road Initiative poised to unlock regions' potential

China Daily  

SHI YU/CHINA DAILY For Gonzalo Rios, Chancay Port in Peru is more than just a workplace — it represents dedication and commitment. "The port's expansion and modernization are expected to enhance the efficiency of logistics and transport networks, facilitating increased trade between Asia, particularly China and Latin American countries," she said. China's financial support has "significantly improved Africa's economic development …

Xiplomacy: How Belt and Road cooperation paves way for shared global development
3 months, 4 weeks ago

Xiplomacy: How Belt and Road cooperation paves way for shared global development

China Daily  

This photo taken on Nov 14, 2024 shows a view of Chancay Port in Peru. Since the initiative was put forth in 2013, major achievements have been made in Belt and Road cooperation, which contributed to enhancing China's friendship with participating countries and promoting their economic and social development, he said. Since 2013, multiple countries and regions have forged synergy …

Xiplomacy: How Belt and Road cooperation paves way for shared global development
3 months, 4 weeks ago

Xiplomacy: How Belt and Road cooperation paves way for shared global development

China Daily  

This photo taken on Nov 14, 2024 shows a view of Chancay Port in Peru. Since the initiative was put forth in 2013, major achievements have been made in Belt and Road cooperation, which contributed to enhancing China's friendship with participating countries and promoting their economic and social development, he said. Since 2013, multiple countries and regions have forged synergy …

Xi: Advance Belt and Road cooperation
3 months, 4 weeks 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, 4 weeks 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, 4 weeks 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, 4 weeks 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. …

China’s inward turn: A path to stability or stagnation?
8 months, 1 week 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
8 months, 3 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
9 months, 2 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
9 months, 2 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 …

China hopes US will do something concrete for Africa's development: spokesperson
9 months, 3 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 …

China's new development, world's new opportunities
1 year 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
1 year 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 …

Nepal, China to sign implementation plan of Beijing-backed BRI projects
1 year, 2 months ago

Nepal, China to sign implementation plan of Beijing-backed BRI projects

The Hindu  

Nepal and China will sign the implementation plan of the Belt and Road Initiative “very soon”, Deputy Prime Minister Narayan Kaji Shrestha said on January 27, nearly seven years after the two neighbours inked an agreement to undertake ambitious Beijing-backed infrastructure projects in the Himalayan nation. “Once we sign the implementation plan, we will move into the implementation phase,” Mr. …

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 …

China warns against ‘undermining’ Belt and Road plan after Italy withdraws
1 year, 3 months 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 tells Beijing it is leaving China's global Belt and Road Initiative
1 year, 3 months ago

Italy tells Beijing it is leaving China's global Belt and Road Initiative

ABC  

Italy has withdrawn from China's vast Belt and Road Initiative more than four years after becoming the only G7 nation to sign up, government sources said. Key points: Italy became the first G7 country to sign on to the initiative in 2019 Critics had voiced concern it would enable China to gain control of sensitive technologies and infrastructure The BRI …

New books focus on the Belt and Road Initiative
1 year, 4 months ago

New books focus on the Belt and Road Initiative

China Daily  

The Chinese Academy of Social Sciences released two books on the Belt and Road Initiative in Beijing on Wednesday: Belt and Road Initiative: Past, Today and Future, and the English-language version of the 2023 edition of the Handbook of the Belt and Road. The Chinese Academy of Social Sciences released two books on the Belt and Road Initiative in Beijing …

US' copycat moves demonstrate BRI's worth
1 year, 5 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 sets sail to realize bigger successes, glory
1 year, 5 months ago

BRI sets sail to realize bigger successes, glory

China Daily  

LI MIN/CHINA DAILY In his speech at the third Belt and Road Forum for International Cooperation which concluded recently in Beijing, Chinese President Xi Jinping reviewed the 10-year journey of the Belt and Road Initiative, which has been marked by cooperation and mutual benefit, summarized its remarkable achievements, and outlined eight major measures to support high-quality cooperation under the Belt …

BRI sets sail to realize bigger successes, glory
1 year, 5 months ago

BRI sets sail to realize bigger successes, glory

China Daily  

LI MIN/CHINA DAILY In his speech at the third Belt and Road Forum for International Cooperation which concluded recently in Beijing, Chinese President Xi Jinping reviewed the 10-year journey of the Belt and Road Initiative, which has been marked by cooperation and mutual benefit, summarized its remarkable achievements, and outlined eight major measures to support high-quality cooperation under the Belt …

BRI also means soft connectivity, greater people-to-people contact
1 year, 5 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, 5 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 …

BRI brings concrete developments for Kazakhstan
1 year, 5 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 share views on Belt and Road Initiative
1 year, 5 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, 5 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 …

Shandong enterprises actively join the BRI
1 year, 5 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, 5 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 share views on Belt and Road Initiative
1 year, 5 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 share views on Belt and Road Initiative
1 year, 5 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, 5 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, 5 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, 5 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, 5 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, 5 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 …

Bank of China boosts development of Belt and Road
1 year, 5 months ago

Bank of China boosts development of Belt and Road

China Daily  

BOC leveraging strengths to bolster connectivity, trade among BRI participants As the Chinese bank with the longest history and highest level of globalized operations, Bank of China — also known as BOC — has offered strong support for the development of the Belt and Road Initiative. Through its financial services, BOC has offered crucial support for the construction of key …

Bank of China boosts development of Belt and Road
1 year, 5 months ago

Bank of China boosts development of Belt and Road

China Daily  

BOC leveraging strengths to bolster connectivity, trade among BRI participants As the Chinese bank with the longest history and highest level of globalized operations, Bank of China — also known as BOC — has offered strong support for the development of the Belt and Road Initiative. Through its financial services, BOC has offered crucial support for the construction of key …

'BRI Loans Neither Windfall Nor Alms-Giving': Chinese President Xi Amid Criticism Of Its Flagship Project
1 year, 5 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, 5 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, 5 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, 5 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, 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 …

Ten years of Belt and Road shows secret behind initiative's success
1 year, 5 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, 5 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, 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 …

Experts' take on Belt and Road Initiative
1 year, 5 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 …

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