Topic

Belt and Road Initiativei

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.

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  • The event involved representatives from more than 60 countries and hundreds of Chinese and foreign companies
  • China is keen to promote trade ties with the Arab world as part of its overall drive to expand its influence in the region

Research shows Chinese loans to African countries fell 37 per cent during pandemic years, but investments in West Africa have risen while lending to traditional top 10 borrowers has remained flat.

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Beijing’s Belt and Road Initiative has not proved to be the ‘transformation game changer’ many in the region were hoping for, analysts say – as concerns grow about some projects’ viability and added value.

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Gulf states don’t see the India-Middle East-Europe Economic Corridor through the lens of US-China rivalry, analysts say – even if Washington would like it to counter Beijing’s belt and road plans.

The expansion of deepwater terminals at Yangshan islands is getting into full swing, as part of Shanghai’s latest effort to shore up confidence in the city’s foreign trade.

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‘A small number of countries have arbitrarily imposed illegal and unilateral sanctions,’ vice-president says, using language often used to criticise Washington.

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While too early to know the impact of tariff changes introduced in August, trade lawyer warns Chinese companies to expect more trade-related costs in Mexico.

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In St Petersburg, Russian president tells Chinese Foreign Minister Wang Yi he will attend Belt and Road Forum, saying the strategy ‘fully meets and coincides’ with Russia’s interests.

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Lizi Port, some 4,600 metres above sea level, has passed an inspection by the commerce ministry. With Nechung, 12km away in Nepal, it will be the fourth trading channel along the border.

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The former central bank governor also called for global efforts to offset geopolitical and economic headwinds, in an address at an investment forum by China Investment Corporation.

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Moving production could save China’s exporters money and help avoid US sanctions, but some warn of increasingly strict rules of origin among Western importers.

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China has been one of the president’s main backers in the Syrian conflict and could eventually play a major role in the country’s reconstruction

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Announced on the G20 margins, the US$20 billion India-Middle East-Europe Corridor (Imec) hopes to connect India to Europe via the UAE, Saudi Arabia, Jordan and Israel.

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On sidelines of UN General Assembly, President Ranil Wickremesinghe countered recent claims by New Delhi that Beijing was sending ships to Sri Lanka to spy on India.

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Chinese and Venezuelan presidents meet for the first time in five years, agreeing to boost collaboration in areas from oil and trade to space exploration.

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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.

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China’s Belt and Road Initiative has helped enhance exchanges with the Arab world in recent years, and Beijing’s foray into the Middle East is paying dividends.

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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.