https://www.scmp.com/rss/324357/feed The initiative spearheaded by the Chinese government and endorsed by President Xi Jinping in late 2013 aims to improve trade and economic integration across Asia, Europe, and Africa. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com He Huifeng He Huifeng With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. The emergence of Chinese companies onto the global stage has been one of the most important business stories of the past 50 years. From engineering contractors... https://www.scmp.com/economy/china-economy/article/3335005/railways-labubus-chinas-businesses-and-their-50-year-journey-abroad?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3335005/railways-labubus-chinas-businesses-and-their-50-year-journey-abroad?utm_source=rss_feed Wed, 03 Dec 2025 05:01:12 +0000 China and Russia are strengthening their partnership in food and energy, as both countries face mounting challenges amid tensions with the West, according to announcements made at recent forums in Beijing. The two nations have signed a nearly 2.5-trillion-rouble (US$25.8 billion) grain-supply contract, the biggest in their food-trade history, under the Belt and Road Initiative, a Russian insider was quoted as saying by the TASS news agency on Wednesday during the third Belt and Road... https://www.scmp.com/economy/china-economy/article/3238699/china-and-russia-supercharge-trade-record-grain-order-bolstering-food-and-energy-security-western?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3238699/china-and-russia-supercharge-trade-record-grain-order-bolstering-food-and-energy-security-western?utm_source=rss_feed Fri, 20 Oct 2023 11:59:29 +0000 Amid Western inaction over climate finance, China has announced a major infusion of capital for the Belt and Road Initiative and a partnership to help developing countries identify and develop green projects. Roughly US$100 billion in new financing would be added, said Chinese President Xi Jinping at the third Belt and Road Forum this week, to the flagship financial institutions of the Belt and Road Initiative: the China Development Bank, Export-Import Bank of China (Exim Bank), and the Silk... https://www.scmp.com/comment/opinion/article/3238517/china-steps-climate-fight-belt-and-road-green-finance-partnership?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3238517/china-steps-climate-fight-belt-and-road-green-finance-partnership?utm_source=rss_feed Thu, 19 Oct 2023 13:00:22 +0000 China’s Belt and Road Initiative has evolved into an endeavour powered by the Fourth Industrial Revolution and now offers the potential to tackle global challenges, particularly the environmental crisis. But, unless the international community can overcome its divisions and collaborate for the common good, humanity remains vulnerable to the perils of climate change. In response to geopolitical uncertainties, Beijing pushed its dual circulation strategy in 2020, raising questions about its belt... https://www.scmp.com/comment/opinion/article/3236033/western-bias-against-chinas-belt-and-road-hobbling-climate-action?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3236033/western-bias-against-chinas-belt-and-road-hobbling-climate-action?utm_source=rss_feed Sat, 30 Sep 2023 02:00:25 +0000 A decade after its announcement in Kazakhstan, China’s Belt and Road Initiative continues to dominate international conversation. At the recent G20 summit in New Delhi, a push to create a new corridor from India to Europe via the Middle East – touted by US President Joe Biden as “a big deal” – was widely seen as a counter to China’s infrastructure initiative. Yet the new corridor would cross routes already considered part of the belt and road and has created tensions among Group of 20 members.... https://www.scmp.com/comment/opinion/article/3235065/why-wests-attacks-chinas-belt-and-road-initiative-are-futile?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3235065/why-wests-attacks-chinas-belt-and-road-initiative-are-futile?utm_source=rss_feed Wed, 20 Sep 2023 21:30:38 +0000 Apart from seeking China’s financial support for its development projects including Cambodia’s first high-speed rail project, Prime Minister Hun Sen’s visit to China this week is also aimed at securing greater support from Beijing in case of western sanctions, analysts said. The three-day trip – expected to begin on Thursday – is also aimed at easing China’s concerns about Cambodia’s growing ties with the United States and Japan, experts said. Cambodia is seeking to upgrade two of its rail lines... https://www.scmp.com/week-asia/politics/article/3209148/cambodias-hun-sen-wants-back-beijings-orbit-during-china-visit-amid-balancing-act-us?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3209148/cambodias-hun-sen-wants-back-beijings-orbit-during-china-visit-amid-balancing-act-us?utm_source=rss_feed Mon, 06 Feb 2023 00:30:08 +0000 Chinese President Xi Jinping will travel to Central Asia on Wednesday, setting out on his first overseas trip since the start of the coronavirus pandemic in 2020. He is expected to meet Russian President Vladimir Putin in Uzbekistan – their first encounter since the war in Ukraine started in February – on the sidelines of the Shanghai Cooperation Organisation (SCO) summit. The SCO is a regional political, economic and security organisation headed by China and composed of eight states, including... https://www.scmp.com/news/china/diplomacy/article/3192384/whats-stake-chinas-xi-jinping-makes-first-trip-overseas?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3192384/whats-stake-chinas-xi-jinping-makes-first-trip-overseas?utm_source=rss_feed Tue, 13 Sep 2022 14:12:52 +0000 Bangladesh’s Prime Minister Sheikh Hasina on Saturday celebrated the opening of the country’s longest bridge, which took eight years to build amid setbacks involving political conflict and corruption allegations. The 6.51km (4.04-mile) bridge spanning the Padma River cost an estimated US$3.6 billion and was paid for with domestic funds after the World Bank and other global lending agencies declined to finance the project following a corruption scandal involving a Canadian construction... https://www.scmp.com/news/asia/south-asia/article/3183079/chinese-engineering-firm-builds-bangladesh-longest-bridge-paid?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3183079/chinese-engineering-firm-builds-bangladesh-longest-bridge-paid?utm_source=rss_feed Sat, 25 Jun 2022 11:47:51 +0000 Having had such a catastrophic year, the world seems eager to turn the page and jettison what went before. Among the many victims of this purge appears to be the Belt and Road Initiative, which after some seven years of existence is reportedly winding down. This premature dismissal is based on an interpretation of a vision as a project, and misses how embedded the belt and road is in Chinese foreign-policy thinking. The belt and road draws on a long tradition of Silk Road conceptions linked to... https://www.scmp.com/comment/opinion/article/3114306/face-chinas-foreign-policy-belt-and-road-will-survive-debt-and?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3114306/face-chinas-foreign-policy-belt-and-road-will-survive-debt-and?utm_source=rss_feed Thu, 17 Dec 2020 17:30:17 +0000 Critics often claim China is using its massive Belt and Road Initiative as a form of coercive debt-trap diplomacy to exert control over the countries that join its transnational infrastructure investment scheme. This risk, as Deborah Brautigam of Johns Hopkins University recently noted, is often exaggerated by the media. In fact, the initiative may hold a different kind of risk — for China itself. At the recent belt and road summit in Beijing, Chinese President Xi Jinping seemed to acknowledge... https://www.scmp.com/comment/insight-opinion/article/3011546/its-belt-and-road-projects-china-risks-falling-biggest-debt?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/3011546/its-belt-and-road-projects-china-risks-falling-biggest-debt?utm_source=rss_feed Fri, 24 May 2019 07:00:10 +0000 China is inclined to renegotiate or write off debts incurred by other countries for its belt and road infrastructure projects and only rarely seizes assets, a study by a New York consultancy has found. The Rhodium Group’s research looked at 40 cases of external debt renegotiation between 2007 and this year and found there was only one confirmed case of asset seizure – in Sri Lanka. The conclusions, based on the studies of Chinese debt renegotiations with 24 countries in Asia, Africa and Latin... https://www.scmp.com/news/china/diplomacy/article/3008326/why-chinas-belt-and-road-loans-may-not-be-debt-trap-other?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3008326/why-chinas-belt-and-road-loans-may-not-be-debt-trap-other?utm_source=rss_feed Tue, 30 Apr 2019 12:30:14 +0000 This week's Belt and Road Forum in Beijing is the diplomatic highlight of the year for China, with 37 world leaders in attendance, along with 5,000 other representatives from 150 countries. But President Xi Jinping's multibillion-dollar “Belt and Road Initiative”, first unveiled six years ago with the aim of linking China with Asia and Europe through ports, roads, airports, pipelines and other infrastructure projects, has also prompted concerns about what critics have called a lack of... https://www.scmp.com/news/china/diplomacy/article/3007655/president-xi-jinping-addresses-belt-and-road-forum?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3007655/president-xi-jinping-addresses-belt-and-road-forum?utm_source=rss_feed Fri, 26 Apr 2019 01:17:15 +0000 China moved on Thursday to allay widely held concerns about the financial drawbacks of its “Belt and Road Initiative” by publishing a debt sustainability framework for participating nations. Presented by Finance Minister Liu Kun on the opening day of the second Belt and Road Forum in Beijing, the 15-page document was, he said, based on similar standards used by the World Bank and the International Monetary Fund. He said its aim was to “prevent and solve debt problems” associated with projects... https://www.scmp.com/news/china/diplomacy/article/3007714/china-seeks-allay-belt-and-road-debt-trap-concerns-standard?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3007714/china-seeks-allay-belt-and-road-debt-trap-concerns-standard?utm_source=rss_feed Thu, 25 Apr 2019 14:15:10 +0000 There have been plenty of highs and lows in the six years since China launched its “Belt and Road Initiative”, but as the second Belt and Road Forum gets under way in Beijing, President Xi Jinping’s grand plan to boost global trade and enhance regional connectivity has never been under more scrutiny. The three-day event, which opens on Thursday, is the diplomatic highlight of the year for China, with the leaders of about 40 foreign governments and 5,000 foreign representatives from 150 countries... https://www.scmp.com/news/china/diplomacy/article/3007512/new-faces-new-funds-what-has-changed-belt-and-road-show?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3007512/new-faces-new-funds-what-has-changed-belt-and-road-show?utm_source=rss_feed Thu, 25 Apr 2019 00:00:15 +0000 By the entrance of the main office in Cambodia’s Sihanoukville Special Economic Zone is a crimson message from the country’s prime minister, Hun Sen. Written in flowing Khmer and Mandarin is a quote from the China-friendly strongman likening the area to “my own son”. On the opposite wall is a quote from Chinese President Xi Jinping hailing the zone – one of the first industrial estates in Asia funded and jointly run by Chinese investors – as a landmark model of cooperation. The zone is home to... https://www.scmp.com/news/china/diplomacy/article/3007059/dominance-or-development-whats-end-chinas-new-silk-road?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3007059/dominance-or-development-whats-end-chinas-new-silk-road?utm_source=rss_feed Sun, 21 Apr 2019 22:00:08 +0000 Merchandise trade between China and the countries targeted by its “Belt and Road Initiative” is predicted to grow by US$117 billion this year, according to new analysis. For China, this will mean US$56 billion in additional exports, while it will import an extra US$61 billion worth of goods from the 80 countries named in the Chinese government’s official manifesto, research from trade credit insurer Euler Hermes shows. The report estimates that this will add 0.3 per cent to global trade and 0.1... https://www.scmp.com/economy/china-economy/article/2183253/chinas-belt-and-road-initiative-will-add-us117-billion-global?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/2183253/chinas-belt-and-road-initiative-will-add-us117-billion-global?utm_source=rss_feed Wed, 23 Jan 2019 02:45:45 +0000 The inaugural China International Import Expo opened to great fanfare in Shanghai earlier this month, attracting some 3,000 companies and traders from around the world to peddle their wares and, more importantly, establish relationships and build awareness for their businesses. The week-long event was deemed sufficiently important for Chinese President Xi Jinping to grace the opening ceremony with a keynote speech that underlined China’s commitment to free trade and openness. It will be... https://www.scmp.com/magazines/post-magazine/short-reads/article/2173158/international-trade-ancient-china-and?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/short-reads/article/2173158/international-trade-ancient-china-and?utm_source=rss_feed Thu, 15 Nov 2018 14:03:57 +0000 The Export-Import Bank of China, the country’s leading provider of export financing, will team up with other government agencies to help companies who have been hit hard by the US trade tariffs, its chairwoman said on Thursday. “Some small trading firms have encountered huge difficulties,” Hu Xiaolian told the South China Morning Post on the sidelines of the World Economic Forum in Tianjin. “Our task, as a state-owned policy bank, is to ensure credit availability and solve high financing... https://www.scmp.com/news/article/2165169/chinas-exim-bank-boost-lending-effort-support-exporters-hit-hard-trade-war?utm_source=rss_feed https://www.scmp.com/news/article/2165169/chinas-exim-bank-boost-lending-effort-support-exporters-hit-hard-trade-war?utm_source=rss_feed Fri, 21 Sep 2018 06:30:45 +0000 For many people travelling along the route of the ancient Silk Road in China, the highlight is the Mogao Caves at Dunhuang containing the world’s most exquisite Buddhist murals. Created between the fourth and 14th centuries, there remain more than 700 caves. Carved into the cliffs above the Dachuan River, in Gansu province, 492 of them are decorated with more than 45,000 square metres of murals and about 2,000 painted sculptures. Some show Buddhist imagery; others depict the daily lives of... https://www.scmp.com/culture/arts-entertainment/article/2161619/how-3d-imagery-dunhuang-silk-road-cave-paintings-helps?utm_source=rss_feed https://www.scmp.com/culture/arts-entertainment/article/2161619/how-3d-imagery-dunhuang-silk-road-cave-paintings-helps?utm_source=rss_feed Tue, 28 Aug 2018 23:47:38 +0000 Chinese companies investing heavily in overseas Belt and Road Initiative projects are willing to risk legal disputes arising from cultural misunderstanding and project delays as the rewards outweigh risks, say legal experts. “Generally from a compliance perspective there’s going to be lots of risk – more so than having projects in China, in many ways,” said Ernest Yang, a partner at law firm DLA Piper, who specialises in international trade. Examples of Belt and Road-related disputes given by... https://www.scmp.com/business/global-economy/article/2141791/rewards-outweigh-risks-chinese-firms-involved-belt-and-road?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2141791/rewards-outweigh-risks-chinese-firms-involved-belt-and-road?utm_source=rss_feed Sun, 15 Apr 2018 23:33:05 +0000 China wrapped up its first “Belt and Road Initiative” forum on Monday with 29 state leaders and more than 1,000 foreign government representatives in attendance. Here are five things to watch as the plan continues to unfold. 1. In his address wrapping up the two-day forum, Chinese President Xi Jinping said on Monday that China would host a second Belt and Road Forum for International Cooperation in 2019. China will also set up a consultation committee and liaison office in preparation for the... https://www.scmp.com/news/china/diplomacy-defence/article/2094578/five-things-watch-chinas-belt-and-road-plan-unfolds?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2094578/five-things-watch-chinas-belt-and-road-plan-unfolds?utm_source=rss_feed Tue, 16 May 2017 23:01:40 +0000 Less-developed countries along the new Silk Road stand be among the big winners of investment as China revives ancient land and maritime trade routes, according to estimates by a top bank. Credit Suisse forecasts that China’s massive inflow of investment over the next five years as part of Beijing’s “Belt and Road Initiative” could amount to as much as US$502 billion, or equivalent to 4 per cent of the total gross domestic product of the 62 countries along the routes in 2015. The biggest... https://www.scmp.com/business/article/2094224/india-and-russia-tipped-be-big-winners-chinas-massive-belt-and-road?utm_source=rss_feed https://www.scmp.com/business/article/2094224/india-and-russia-tipped-be-big-winners-chinas-massive-belt-and-road?utm_source=rss_feed Sat, 13 May 2017 14:30:31 +0000 China appears to have embarked on a mission to win over the young Western generation on its “Belt and Road Initiative”, after selling the global trade and infrastructure development project to state leaders around the world. In a series of English-language propaganda videos released on YouTube this week, state-run China Daily tries to explain President Xi Jinping’s ambitious trade plan that seeks to connect more than 60 countries across three continents. Comment: Time for China to come clean on... https://www.scmp.com/news/china/society/article/2094080/belt-and-road-kids-are-these-videos-chinas-latest-bid-win-over?utm_source=rss_feed https://www.scmp.com/news/china/society/article/2094080/belt-and-road-kids-are-these-videos-chinas-latest-bid-win-over?utm_source=rss_feed Fri, 12 May 2017 06:01:40 +0000 China is urgently seeking support from international lenders to close a yawning financing gap for projects under its “Belt and Road Initiative”, a top official said. The remarks from Yi Gang, vice-governor of the People’s Bank of China, come just days ahead of the Belt and Road Forum for International Cooperation on Sunday and Monday. Leaders from 29 countries and regions will gather in Beijing to learn more about the blueprint for China’s trade scheme. Infrastructure and other key projects in... https://www.scmp.com/news/china/diplomacy-defence/article/2094010/cash-crunch-chinas-new-silk-road?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2094010/cash-crunch-chinas-new-silk-road?utm_source=rss_feed Thu, 11 May 2017 15:30:00 +0000 According to an estimate by the Asian Development Bank, there is a funding gap of US$26 trillion for the infrastructure projects that will be required in Asia by 2030. China’s “Belt and Road Initiative” is designed to help meet this shortfall, but the plans for the belt and road scheme raise the question of how it will meet its funding demands. What agencies will China use to help fund belt and road projects? In addition to existing multinational lenders – such as the China-Africa Development... https://www.scmp.com/news/china/diplomacy-defence/article/2093672/who-will-pay-chinas-new-silk-road?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2093672/who-will-pay-chinas-new-silk-road?utm_source=rss_feed Thu, 11 May 2017 00:00:15 +0000 Three continents, 60-plus countries and 30 per cent of the world’s gross domestic product – on the surface the numbers of China’s “Belt and Road Initiative” sound impressive. But when it comes to the projects that make up the modern-day take on ancient trade routes, there have been many bumps along the road. Here are the key projects that make up the initiative: ● China to London rail link The first freight train completed its 12,000km, 18-day Silk Road journey from London in Britain to... https://www.scmp.com/news/china/diplomacy-defence/article/2093654/centrepieces-and-setbacks-along-chinas-new-silk-road?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2093654/centrepieces-and-setbacks-along-chinas-new-silk-road?utm_source=rss_feed Wed, 10 May 2017 00:01:31 +0000 Beijing uses words like connectivity and win-win cooperation to describe its ‘Belt and Road’ push, but if history is any guide there could also be risks aplenty along the new Silk Road. In about 120BC, Emperor Wu of China’s Han dynasty launched an aggressive military campaign against nomadic Hun tribes to unblock trade routes to the west. HK can become Belt and Road funding hub – but analysts warn investors that its thousands of expected projects are not guaranteed gravy trains But even China’s... https://www.scmp.com/news/china/diplomacy-defence/article/2093140/why-risks-abound-belt-and-road?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2093140/why-risks-abound-belt-and-road?utm_source=rss_feed Tue, 09 May 2017 23:04:00 +0000 Behind China’s much-touted “Belt and Road Initiative” are many prominent and other less well-known names and faces. The government is hosting an international summit in Beijing later this month to discuss the global trade development strategy. Here are some of the key figures behind the initiative. Xi Jinping, President of China Xi Jinping is the driving force behind the scheme, which was his brainchild. Xi first spoke publicly about the strategy in 2013 while visiting nations in Central and... https://www.scmp.com/news/china/diplomacy-defence/article/2092561/whos-who-chinas-belt-and-road-initiative?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2092561/whos-who-chinas-belt-and-road-initiative?utm_source=rss_feed Mon, 08 May 2017 23:03:07 +0000 China’s much-discussed “Belt and Road Initiative” will shape the global economic market and geopolitical landscape for years to come. Ahead of a summit devoted to the plan, scheduled to take place on May 14-15 in Beijing, we take a look at its significance. What is it? Previously known as “One Belt, One Road”, the initiative is being spearheaded by the Chinese government to improve trade and economic integration across Asia, Europe, and Africa. The strategy uses free-trade agreements and... https://www.scmp.com/news/china/diplomacy-defence/article/2091758/all-you-need-know-about-chinas-belt-and-road-initiative?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2091758/all-you-need-know-about-chinas-belt-and-road-initiative?utm_source=rss_feed Sun, 07 May 2017 23:00:15 +0000 Chinese President Xi Jinping’s ‘Belt and Road’ trade development initiative, always ambitious, has been given a boost by American counterpart Donald Trump’s protectionist trade agenda and isolationist diplomacy. In just a few months, the US leader’s populist policy prescription has helped turn something originally envisaged as a scheme to export Chinese overcapacity into a standard-bearer for globalisation. Professor Shanjun Li, a Cornell University economist, said Trump’s protectionism could... https://www.scmp.com/news/china/diplomacy-defence/article/2093060/how-trump-gave-chinas-belt-and-road-scheme-boost?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2093060/how-trump-gave-chinas-belt-and-road-scheme-boost?utm_source=rss_feed Sun, 07 May 2017 16:00:15 +0000 China is carefully forging closer links with other navies, but also sending a subtle message of its capability to protect its overseas interests, analysts said, as a flotilla of PLA ships visits more than 20 countries linked to the “Belt and Road” international trade initiative. The ships, composed of the guided missile destroyer Changchun, the missile frigate Jingzhou and supply ship Chaohu, hosted the Philippines President Rodrigo Duterte when it docked at Davao City for three days earlier... https://www.scmp.com/news/china/diplomacy-defence/article/2092600/pla-navy-tour-good-pr-and-reminder-its-growing-might?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2092600/pla-navy-tour-good-pr-and-reminder-its-growing-might?utm_source=rss_feed Wed, 03 May 2017 04:30:00 +0000 A growing influx of Chinese visitors in the small East African nation of Djibouti convinced former fruit and vegetable trader Zhou Yi last year that it was an opportune time to buy the best-known Chinese restaurant in the Djiboutian capital, Djibouti City. She took over the China Town restaurant in the city’s Heron district, home to many foreign embassies and international non-profit organisations, in October after mulling the purchase for nearly four months. The 59-year-old from Shandong... https://www.scmp.com/news/china/diplomacy-defence/article/2087374/how-chinese-investment-boom-changing-face-djibouti?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2087374/how-chinese-investment-boom-changing-face-djibouti?utm_source=rss_feed Mon, 17 Apr 2017 10:30:15 +0000 US President Donald Trump signed an executive order on Monday to withdraw from the Trans-Pacific Partnership (TPP), a trade deal signed by 12 Pacific Rim countries, putting an end to a plan to introduce stricter and “fairer” rules for global trade in the region. So, will Chinese President Xi Jinping’s brainchild, the “One Belt, One Road” programme, prove a better idea for forging closer trade and investment ties and creating common prosperity? Here are a few key differences between Xi’s strategy... https://www.scmp.com/news/china/economy/article/2064967/xis-one-belt-one-road-better-idea-tpp?utm_source=rss_feed https://www.scmp.com/news/china/economy/article/2064967/xis-one-belt-one-road-better-idea-tpp?utm_source=rss_feed Tue, 24 Jan 2017 08:15:15 +0000 In the wake of more isolationist political thinking in the West, with many developed economies turning inward, China is reaching out, seeking stronger trade and investment links with its economic partners. China’s “One Belt, One Road” is a prime example of this reaching-out policy. Under the initiative, China aims to trigger demand for materials and goods at home by investing in strategic infrastructure projects abroad, developing economic ties along its old Silk Road to Europe and along newer... https://www.scmp.com/comment/insight-opinion/article/2059916/how-chinas-belt-and-road-transforming-asean?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2059916/how-chinas-belt-and-road-transforming-asean?utm_source=rss_feed Sun, 08 Jan 2017 01:00:00 +0000 Facing a deep slowdown after years of investment-fuelled growth that culminated in a huge property and stock market bubble, the leaders of Asia’s largest economy come up with a cunning plan. By launching an initiative to fund and construct infrastructure projects across Asia, they will kill four birds with one stone. Read more from This Week in Asia They will generate enough demand abroad to keep their excess steel mills, cement plants and construction companies in business, so preserving jobs... https://www.scmp.com/week-asia/opinion/article/1999544/why-chinas-one-belt-one-road-plan-doomed-fail?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/1999544/why-chinas-one-belt-one-road-plan-doomed-fail?utm_source=rss_feed Sat, 06 Aug 2016 07:00:30 +0000 Q: What is “One Belt, One Road”? A: It’s the name of a development strategy by the Chinese government to revive the land and maritime Silk Roads dating back to the days of Marco Polo. “Belt” refers to a vast area in Eurasia, and “Road” stands for the sea route that links China’s coastal cities to Africa and the Mediterranean, passing key ports in Southeast Asia and the Suez Canal. Q: When was it started and who initiated it? A: The concept was unveiled by Chinese President Xi Jinping in... https://www.scmp.com/news/hong-kong/economy/article/1900633/what-one-belt-one-road-strategy-all-about?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/1900633/what-one-belt-one-road-strategy-all-about?utm_source=rss_feed Wed, 13 Jan 2016 07:00:45 +0000 Click to view the full-size infographic in high resolution Sources: Mercator Institute for China Studies (Merics), IMF, World Bank, International Monetary Institute, Renmin University of China, Rhodium Group, HSBC, Daiwa Capital Markets, Geography Cement, hongxiang100.com https://www.scmp.com/infographics/article/1874865/infographic-one-belt-one-road?utm_source=rss_feed https://www.scmp.com/infographics/article/1874865/infographic-one-belt-one-road?utm_source=rss_feed Mon, 02 Nov 2015 02:15:45 +0000