Belt and Road Initiative (BRI) Archives - Page 2 of 2

BRI finds European supporters

5 May 2019

When Hungary signed a cooperation document with China on the Belt and Road Initiative (BRI) in 2015, it was the first European country to do so.

Almost four years later and ahead of the ongoing Second Belt and Road Forum for International Cooperation in Beijing, 22 European countries had inked BRI cooperation documents with China.

Heads of state or government from such European countries as Austria, Cyprus, the Czech Republic, Greece, Hungary, Italy, Portugal, Serbia and Switzerland, as well as...

https://container-news.com/bri-finds-european-supporters/

Peru to enter into China’s BRI

2 May 2019

Peru decided to join China’s Belt and Road Initiative (BRI), according to Chinese Ambassador to Peru, Jia Guide. He announced that Peru is to sign a Memorandum of Understanding in order to jump into the mega project.

The decision comes two weeks after a visit of Mike Pompeo, United States Secretary of State. The U.S. official repeatedly warned about China’s intentions in Latin America, during his trip to South America.

Switzerland to join BRI project

17 April 2019

Switzerland will sign an accord backing China’s Belt and Road Initiative when President Ueli Maurer visits China this month, cementing ties with a major trading partner as other Western countries view the gargantuan project with scepticism.

President Xi Jinping’s new Silk Road initiative has been controversial particularly in Washington, which views it as a way to spread Chinese influence abroad and saddle countries with unsustainable debt, a charge Beijing rejects.

Locked in a trade war with...

https://container-news.com/switzerland-join-bri-project/

Kenya to benefit from BRI?

16 April 2019

Kenya should embark on a strategic engagement with China in order to mutually benefit from the Belt and Road Initiative (BRI), experts told Xinhua.

Bitange Ndemo, senior lecturer of the School of Business at the University of Nairobi, said that unlike Ethiopia and South Africa, Kenya lacks a coherent strategy and thus is unable to fully take advantage of the initiative which features development and expansion of overland routes including railways and roads.

Kenya is a party to the Belt and Road...

https://container-news.com/kenya-benefit-bri/

Key takeaways on BRI development

4 April 2019

The Belt and Road Initiative (BRI), proposed by China in 2013, aims to build a trade and infrastructure network connecting Asia with Europe, Africa and beyond.

After years of unremitting efforts, the BRI, which refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, has seen plentiful achievements made. Here are the key takeaways on its progress in the past five years from information released by the Belt and Road Portal, the official website of the BRI:

INCREASING...

https://container-news.com/key-takeaways-bri-development/

BRI to complement Africa’s continental free trade

27 March 2019

China-proposed Belt and Road Initiative (BRI) will complement the growth of Africa’s continental free trade and link Africa’s huge market to the rest of the world, a Djibouti official said here Monday, March 25.

“I am expecting more movements of goods, infrastructure development from the second Belt and Road Forum for International Cooperation slated for April in Beijing, as well as stronger interconnection between Africa and the rest of the world,” Aboubaker Omar Hadi, chairman of Djibouti...

https://container-news.com/bri-africa-continental-free-trade/

Italy joins China’s mega project

25 March 2019

Italy has become the first developed economy to sign up to China’s global investment programme which has raised concerns among Italy’s Western allies.

A total of 29 deals amounting to €2.5bn ($2.8bn) were signed during Chinese President Xi Jinping’s visit to Rome.

The project is seen as a new Silk Road which, just like the ancient trade route, aims to link China to Europe.

Italy’s European Union allies and the United States have expressed concern at China’s growing influence.

Sea & Rail boxes increase notably in China

22 March 2019

Sea and rail containers moved to and from major ports in China surged 29.4% year on year to a total of 4.501 million TEUs in 2018, thanks to advancements in China-Europe rail services under Beijing’s Belt and Road Initiative (BRI). Coastal ports were responsible for 4.301 million TEUs, up 30.5%, accomplishing a growth of 80% just over the period of three years from 2016.

China Railway Express is operated to and from coastal and inland river ports, such as Qingdao, Yingkou, Ningbo-Zhoushan,...

https://container-news.com/sea-rail-boxes-increase-notably-china/

Italy to join China’s BRI – Concerns raised by US & EE

18 March 2019

Italy is already in advanced discussions with China in order to join Belt and Road Initiative (BRI) project. President Xi Jinping is to visit Rome later this month, where he is expected to sign a joint document with Italy on BRI partnership.

Italy is seeing its participation in the BRI as a great opportunity. The Italian government believes that, through the agreement, it will give a boost in exports and it will strengthen its economy.

Italy will become the first country of G-7 that will support...

https://container-news.com/italy-join-china-bri-concerns-raised-us-ee/

BRI: Contribution by all, benefits for all

13 November 2018

The Belt and Road Initiative (BRI), the new Silk Road, is a master plan proposed by President Xi Jinping of China in 2013.Hailed as “the project of the century” by Xi, it is a comprehensive project that seeks to embrace all aspects of development.

The BRI is a massive trade and infrastructure project that aims to link China — physically and financially — to dozens of economies across Asia, Europe, Africa, and Oceania.

The primary focuses of the BRI — also known as One Belt One Road (OBOR) — are...

http://container-news.com/bri-contribution-all-benefits-all/

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