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Belt and Road

Belt and Road

How Is Russia’s War Impacting China’s Belt And Road Ambitions

Russia’s war in Ukraine is weighing on Eurasian transport logistics. The China Railway Express, a key part of China’s Belt and Road initiative, is seeing rail traffic plummet. China is scrambling for alternatives in order to ramp up exports. Russian President Vladimir Putin’s “special military operation” against Ukraine has severely…
bubmag
October 26, 2022
Belt and Road

China will feel increasingly isolated: Adani

Billionaire Gautam Adani said China will feel increasingly isolated as rising nationalism, shifts in supply chains and technology curbs threaten the world’s second-biggest economy. China’s Belt and Road Initiative has run into resistance in many countries, challenging Beijing’s global ambitions, the world’s third-richest man told the Forbes Global CEO Conference…
bubmag
September 28, 2022
Belt and Road

Beijing Reins In Belt and Road, $1 Trillion Later…

Sept. 26, 2022 10:10 am ET China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program. Now, Beijing is working on an overhaul of the troubled initiative, according to people involved in policy-making. A slowing global economy,…
bubmag
September 26, 2022
Belt and Road

Xi sends congratulatory letter to 7th China-Eurasia Expo

BEIJING, Sept. 19 (Xinhua) -- Chinese President Xi Jinping sent a congratulatory letter to the seventh China-Eurasia Expo, which opened Monday in Urumqi, capital of Xinjiang Uygur Autonomous Region. Full of vitality and potential for development, the Eurasian continent is a key region for international cooperation on jointly building the…
bubmag
September 19, 2022
Belt and Road

Chinese space-tracking ship docks at Sri Lanka’s Hambantota port

COLOMBO, Aug. 17 (Xinhua) -- China's space-tracking ship Yuanwang-5 has docked at Sri Lanka's Hambantota International Port (HIP) for replenishment purposes. Chinese Ambassador to Sri Lanka Qi Zhenhong, Sri Lankan government officials and representatives of Chinese enterprises greeted the ship at the pier on Tuesday. Qi told the welcoming ceremony…
bubmag
August 17, 2022
Belt and Road

The G7’s answer to China’s Belt and Road Initiative

Africa will be a main beneficiary of PGII, which will be funded by a combination of G7 partners and private capital. Biden explained the new program’s backstory, how they have been working to provide better, more “equitable” options for developing countries (alluding to the popular theory that construction contracts in…
bubmag
July 7, 2022
Belt and Road

G7 aims to raise $600 billion to counter China’s Belt and Road

Register now for FREE unlimited access to Reuters.comSCHLOSS ELMAU, Germany, June 26 (Reuters) - Group of Seven leaders pledged on Sunday to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China's older, multitrillion-dollar Belt and Road project. U.S.…
bubmag
June 26, 2022