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Belt and Road Initiative
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  • Congolese President Félix Tshisekedi concludes two-day visit to city after meeting Chief Executive John Lee at Government House
  • Hong Kong leader points to city’s role in China’s flagship trade scheme, Belt and Road Initiative

The Development Road aims to tie the Grand Faw Port in Iraq’s oil-rich south to Turkey, turning the country into a transit hub in a bid to rival the Suez Canal.

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From goats to casinos, the development of agriculture and tourism needs an influx of foreign capital in the world’s largest landlocked country, a deputy minister says.

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Expansion of US$60 billion China-Pakistan Economic Corridor into Afghanistan ‘a win’ for the war-torn country, but China’s yields less certain.

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Foreign affairs chief Wang Yi calls on Europe to avoid ‘Cold War mentality’ during visit by Hungarian foreign minister Peter Szijjarto, who expressed ‘wholehearted support’ for Chinese proposal for ending war.

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Observers say China’s effort to boost ties will encounter stiff competition from the United States, which is also stepping up regional engagement.

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Eritrea, on the Horn of Africa, helps China’s trade access to the Suez Canal, Europe and the Indian Ocean, while Asmara seeks more investment from Beijing, analysts say.

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The Congolese president is expected to visit Beijing this month, not long after the US vice-president, first lady and several Biden cabinet members travelled to Africa.

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Two-day event in Xian to be attended by the leaders of Kazakhstan, Tajikistan, Uzbekistan, Kyrgyzstan and Turkmenistan, Chinese foreign ministry says.

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There were high economic hopes when Rome signed up for Beijing’s infrastructure initiative in 2019 but that partnership could all soon come to end amid a lack of outcomes and bigger tensions within the EU.

Incidents like a suicide bombing in 2021 that killed nine Chinese nationals have prompted concerns for those working and living in Pakistan.

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Baosteel will invest US$437.5 million for a 50 per cent stake in the proposed joint venture with Saudi Aramco and PIF. The partners aim to make project the world’s ‘most competitive low-carbon emission thick steel plates’ plant.

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China is ready to synergise development strategies and promote its Belt and Road Initiative with Mongolia, Foreign Minister Qin Gang tells Mongolian counterpart Batmunkh Battsetseg in Beijing.

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