Belt and Road

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,…

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…

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…

Published: 10:15pm, 26 Jul, 2022 Updated: 9:08am, 27 Jul, 2022 Read More

China's President Xi Jinping gives a speech following a swearing-in ceremony to inaugurate the city's new leader and government in Hong Kong, China, July 1, 2022, on the 25th anniversary of the city's handover from Britain to China. Selim Chtayti/Pool via REUTERS Register now for FREE unlimited access to Reuters.comSHANGHAI,…

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…

The U.S. has promised to contribute US$200B and the EU will put in 300 million euros, but it’s unknown how much — if anything — Canada will chip in Publishing date: Jun 29, 2022  •  2 days ago  •  4 minute read  •  89 Comments G7 leaders launched the Partnership for…

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.…

Topline The leaders of the Group of Seven industrialized nations have vowed to raise $600 billion within the next five years to fund infrastructure projects in developing countries, an effort designed to compete for influence in the developing world with the similar Belt and Road program launched by China in…

Wednesday 13 April 2022 6:53 pm The International Monetary Fund plans to mobilise $45bn (£34bn) of funding to help countries deal with long-term challenges such as Climate Change. The IMF’s executive board is today expected to approve plans to launch a Resilience and Sustainability Trust (RST) to assist a broad…