The City of London Corporation's Green Finance Initiative (GFI), in partnership with China's Green Finance Committee (GFC), announced today that 27 firms from around the world have signed up to a set of green finance guidelines for the Belt and Road Initiative (BRI).
This is an important year for Europe as economic slowdown is likely - the IMF projects EU growth will fall to 1.6 percent in 2019. Regarding major external influences which can improve or worsen this situation, the US will also slow, the IMF projecting a decline in growth from 2.9 to 2.3 percent, while China's growth is expected to be far higher at 6.0-6.5 percent.
The cooperation scheme of "six corridors and six channels serving multiple countries and ports" under the China-proposed Belt and Road Initiative (BRI) has been formed, and a large number of cooperation projects have materialized, Chinese President Xi Jinping announced on Friday.
With the second Belt and Road forum for International Cooperation opening this week, the BRI has been thrust into the media limelight. What has been achieved in the past five years since the initiative was first put forward? How to turn the BRI vision into reality? Five Years of the Belt and Road Initiative is a book series co-published by Chongyang Institute for Financial Studies, Renmin University of China and Foreign Language Press, analyzing the initiative from the perspectives of policy communication, infrastructure connectivity, trade connectivity, financial integration, and people-to-people connectivity. Here is an excerpt of the episode on people-to-people connectivity.
Xi’s speech has sent a strong message that China’s future and the BRI are now closely linked, reassuring the world that the BRI is not a short-term goal, but a sustainable and beneficial development plan for the whole world.
Wang Wen proudly says that he has been to over 20 U.S. states. He flies between the U.S. and China every few months for his job as director of the Chongyang Institute for Financial Studies, a university think tank in Beijing.
The City of London Corporation's Green Finance Initiative (GFI), in partnership with China's Green Finance Committee (GFC), announced today that 27 firms from around the world have signed up to a set of green finance guidelines for the Belt and Road Initiative (BRI).
Before going to Sri Lanka, I always believed it to be a Buddhist country - with a large number of Buddhist temples dotting its cities and towns. Many people may think like me as 74 percent of the population of 20 million believes in the faith.
In March, China and Italy have witnessed the signing of a memorandum of understanding (MoU) on the Belt and Road Initiative (BRI), making Italy the first G7 nation to officially endorse the BRI.
In an article titled "Three Questions on China's 'Belt and Road Initiative'" published in the China Economic Review, the official journal of US-based Chinese Economists Society, Leonard K. Cheng questioned the motive behind the Belt and Road Initiative (BRI). As the article says, the real intention of the China-proposed BRI is not just limited to exporting excess production capacity, boosting domestic demand, increasing foreign investment, securing supply of strategic resources, and promoting the Chinese yuan's internationalization.
President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing on Friday. Here are the highlights.
Why does the BRI value infrastructure? Infrastructure does not make money directly, nor does it make money quickly, so why does China invest in infrastructure beyond its borders? This is a common concern at home and abroad.
It has been over 70 years since the international economic order with the U.S. dollar as a global currency was established. However, many aspects of this order have proved to be outdated in today's world. In this context, China has incorporated finance integration into the Belt and Road Initiative.
Amid a surging trend toward global interconnectivity propelled by the China-proposed Belt and Road Initiative (BRI), noises pop up from time to time as to how this grand vision of the BRI may have its bearing on the world.
The second Belt and Road Forum for International Cooperation (BRF) in Beijing on April 25-27 must aim to be as constructive as the Belt and Road Initiative (BRI), which was launched in 2013.
On Friday, 37 heads of state or government will attend the second Belt and Road Forum on International Cooperation in Beijing. Over 5,000 participants from more than 150 countries and 90 international organizations are scheduled to attend the three-day event.
With the second Belt and Road forum for international cooperation kicking off this week, the BRI has been thrust into the media limelight. What has been achieved in the past five years since the initiative was first put forward? How to turn the BRI vision into reality? Five Years of the Belt and Road Initiative is a book series co-published by Chongyang Institute for Financial Studies, Renmin University of China and Foreign Language Press, analyzing the initiative from the perspectives of policy communication, infrastructure connectivity, trade connectivity, financial integration and people-to-people connectivity. Here is an excerpt of the episode on trade connectivity.
"While the internal forces of global connectivity hold the key to the facilitation of the Belt and Road Initiative (BRI), the continuity of the BRI should be well recognized," a scholar noted during a lecture in Beijing last Friday.
The views of foreign investors will be given consideration on how China revises its negative list for investments, but China will pace its opening up process, Chinese analysts said on Thursday.
The International Monetary Fund (IMF) projected that the Asian economy will grow 5.4 percent in 2019 and in 2020. In the World Economic Outlook released on April 2019, the IMF raised its projection for China's economic growth to 6.3 percent amid continued trade talks between Beijing and Washington.