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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.
China’s president points way forward at forum for partners of initiative with pledges on investment, infrastructure and economic development in the face of US containment efforts.
- Former premier Li Keqiang died in October, while China confirmed its economy grew by 4.9 per cent in the third quarter, year on year
- The Belt and Road Forum for International Cooperation also took place, while Australian Prime Minister Anthony Albanese confirmed his visit to Beijing
With export controls already put in place by the West over semiconductors and other necessary components for the development of its tech industry, China is making strides in finding other paths to keep up supplies of the minerals it needs to produce and innovate at scale.
In this issue of the Global Impact newsletter, we look back at the third Belt and Road Forum for International Cooperation, which marked the 10th anniversary of the initiative.
Xi Jinping says Beijing will spend less on loans than in previous years while stressing green, low-cost programmes, signalling China is seeking ‘more bang for its buck’ in global infrastructure strategy, observers say.
Economic cooperation between the neighbours continues to be ramped up as poor ties with Western countries and the war in Ukraine have restricted trade and stalled supply chains.
Hong Kong Monetary Authority and Silk Road Fund sign agreement to create BNR HK Flagship Impact Fund at high-level belt and road forum in Beijing.
At the high-profile Belt and Road Forum for International Cooperation, the leaders of China and Russia put forward complementary blueprints for the future of infrastructure development in Eurasia.
Addressing hundreds of business representatives at a belt and road conference on Tuesday, Vice-Premier He Lifeng calls for greater investments in big data, AI, e-commerce and new energy.
‘Major plan’ will cover sustainable use of marine resources, biodiversity conservation and climate change, official says.
As it prepares for next week’s belt and road forum, China is making the case for its role in financing development in Africa and filling the ‘funding gap’ which continues to mar the advancement of the continent’s economies.
Gabriel Boric is expected to attempt to lure renewal energy investments to Chile, which is home to 48 per cent of global lithium reserves, a mineral needed for EV batteries.
The transition to net zero is ‘the single biggest investment opportunity out there’, says BlackRock executive, as government official calls on companies to step up investment in green finance, hydrogen, biofuels and low-carbon technology.
The governments of Dubai and Hong Kong have signed an agreement to establish an economic corridor in partnership between the two cities to promote cross border trading, family offices, fintech and green finance, according to a statement issued by the Middle East government on Thursday.
Hong Kong’s strong capital markets are attractive for Middle Eastern companies seeking to raise funds, but investor education is required for a better understanding of the Gulf region’s cultural and religious traditions, according to a panel discussion held on Thursday.
Vision 2030 aims to diversify Saudi Arabia’s oil-dependent economy by injecting 27 trillion riyals through public spending and investments in dozens of programmes and projects over the next decade.
Sun Jin, head of preparatory office of International Organisation for Mediation, says it met with officials, relevant countries within three months of opening.
Ding delivers message at belt and road forum hosted by the city’s government, giving clearest indication yet he oversees leading group for Hong Kong and Macau.
Chinese Vice-Premier Ding Xuexiang’s address at summit in city marks clearest public confirmation of his top role in city affairs.