By Salman Rafi Sheikh, Asia Sentinel The acknowledgement by Xu Shanda, a retired Chinese deputy director of the State Administration of Taxation, last week regarding potential losses of Silk Road projects has drawn widespread attention as it challenges the prevailing myth of an indomitable and inevitable system in which ultimately all roads will lead to Beijing. The … Continue reading
By Felix K. Chang During visits to Central and Southeast Asia in 2013, Chinese President Xi Jinping unveiled Beijing’s aspiration to create what it called the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. Both would entail the construction of new infrastructure to better connect the present-day countries along what was once the ancient … Continue reading
By Wolfgang Lehmacher and Victor Padilla-Taylor In October 2012, Wang Jisi – professor at Beijing University – urged China to re-open its ancient commercial trade routes with the West. In 2013, China’s President, Xi Jinping proposed to its neighbors the “One Road, One Belt” initiative. China’s aim? To achieve $2.5tn in additional annual trade with … Continue reading
Ahead of Vladimir Putin’s visit to China to attend celebrations of the 70th anniversary of China’s victory in the War of Resistance Against Japan and the end of World War II, he conducted and interview with Russia’s TASS news agency and China’s Xinhua news agency. Read more: Question: This year marks 70 years since the victory over Nazism in World War II. Both your father and the father of China’s President Xi Jinping fought in that war. … Continue reading
The recent summit of the Shanghai Co-operation Organization (SCO) held in the Russian city of Ufa agreed to enlarge the organization. President Putin declared “For the first time since its establishment, we have launched a procedure for admitting new members – India and Pakistan”. By Süreyya Yiğit Documents were signed to begin the accession of … 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
China has officially ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. China’s Parliament has ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. The BRICS grouping … Continue reading
The Chinese-led Asian Infrastructure Investment Bank (AIIB) officially launched on Monday following a signing ceremony of the bank’s articles of association that took place in Beijing. Chinese President Xi Jinping greeted 300 delegates from the bank’s fifty-seven founding-member countries where they would later determine the total share capital, each member’s voting share of capital, the governance structure, decision-making mechanism, and operational … Continue reading