Egypt’s new Suez Canal officially opened on Thursday and is set to pave for stronger cooperation between China-Egypt and benefit regional and global trade in addition to conjoining with China’s New Silk Road initiative. China’s Silk Road Economic Belt and the 21st-Century Maritime Silk Road, known as the Belt and Road initiatives — and also known as the New Silk Road which was proposed by Chinese … Continue reading
By Chas Freeman China’s “The Silk Road Economic Belt” and the “21st Century Maritime Silk Road,” or officially called the “one belt, one road” project aims to bring into being a new economic order on the Eurasian landmass. Everything from the Atlantic to the Pacific is to be connected through hyper-efficient infrastructure and new institutional linkages. … Continue reading
China’s ambitious New Silk Road initiative — that aims to deepen the country’s economic integration with more than 40 countries in Asia, the Middle East, and Europe by creating an unbroken transport and infrastructure network to boost connectivity — is credit positive for the emerging market sovereigns involved, Moody’s Investors Services said on Tuesday. Moody’s says … Continue reading
By Danyi Yang & Mark McNamee Ever since Chinese President Xi Jinping proposed to build a cross-regional economic plan in 2013 to strengthen trade and investment partnerships across Asian, European and African markets, China’s “One Belt, One Road” initiative has been attracting worldwide attention with its massive scale and immense potential economic impact. China’s Master … Continue reading
Hungary has officially become the first European country to ink a cooperation agreement for China’s New Silk Road initiative, a package of strategic initiatives to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road, to develop trade and transport infrastructure across Asia and beyond, China’s Foreign Ministry said late on Saturday. The Foreign Ministers of Hungary … Continue reading
China’s response to the so-called US pivot to Asia is to expand influence in Asia. Known as the “One Belt, One Road,” the modern-day Silk Road network “will not only enhance ‘five connections’ – trade, infrastructure, investment, capital and people – it will create a community with ‘shared interests, destiny and responsibilities,’” explains Shuaihua Wallace … Continue reading
“China announces plans to boost the Belt and Road trade by creating economic corridors and investing nearly $900 billion in countries along the route,” China Daily reports. China plans to connect Asia and Europe with funding from the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund. Vice-Premier Zhang Gaoli said the country is considering six economic … Continue reading
By Dr. Willy Wo-Lap Lam Much of the world’s interest in China’s “One Belt, One Road” (OBOR) strategy—a reference to the Silk Road Economic Belt (SREB) and the 21st Century Maritime Silk Road (MSR)—is focused on the geopolitical implications of one of the most ambitious initiatives of Chinese President Xi Jinping. Yet OBOR also has immense … Continue reading
By Antoine Bondaz On March 28, China’s National Development and Reform Commission and Ministries of Foreign Affairs and Trade presented the first national action plan to promote the “One Belt, One Road” initiative (一带一路, Yīdài yīlù). This initiative has become the economic and diplomatic priority of Chinese President Xi Jinping since the presentation of two … Continue reading
China’s 21st Century Maritime New Silk Road project may facilitate the resolution of longstanding maritime territorial disputes in the South China Sea, Chinese media suggests. These disputes involve at least six parties, particularly China, the Philippines, Vietnam, Brunei, Malaysia, and Taiwan. Brunei has abandoned its territorial claim in the Spratlys and Malaysia has a relatively minor claim in … Continue reading