The first international conference on the Belt and Road initiative ended in Beijing on Monday with hundreds of infrastructure and investment contracts signed and a cooperation mechanism established for the future.
Most important, the key of China`s capacity-cuts drive is not simply closure of steel plants or coal mines, but lies in the nurturing of new impetus that will eventually lead to the overall restructuring of Chinese economy,
It is widely understood regarding the Beijing Belt and Road (B&R) summit on May 14-15 that the Belt and Road Initiative (BRI) is a decisive strategic project for China and participating countries. But it is still not widely grasped just how much greater the economic growth potential is in the B&R region compared to other world economic centers.
The Chinese capital is in Belt and Road time with high hopes that the Belt and Road Forum for International Cooperation means a new dawn for globalization.
As economic globalization now faces strong headwind, the Belt and Road initiative is getting wide attention from the international community. Aside from an impetus in infrastructure development, global trade and cross-border investment, it also opens new opportunities for US-China cooperation.
Chinese President Xi Jinping on Sunday said the Belt and Road initiative is "the project of the century" that will benefit people across the world, and other world leaders who attended the forum said they value the initiative and reaffirmed their support.
According to a study issued by the McKinsey Global Institute in 2015, the world`s economic center remained in the East like in the year 1000. The US replaced Europe as the center of the world`s economy after WWII. But with the wheels of history turning into the 21st century, China has reinstated itself as the global economic center.
Emmanuel Macron’s victory is good news for the EU, but it signals potential challenges ahead for US-French relations. Macron’s win meanwhile will see France stand closer with China due to their shared commitment to free trade, globalization, European integration and combating climate change.
The China-Pakistan Economic Corridor (CPEC) will play a leading role in the Belt and Road initiative. Recently, the Chongyang Institute for Financial Studies at Renmin University of China launched an intensive research program to look at the progress and problems of the CPEC construction in Pakistan. After assessment, we found that the construction has been unexpectedly fast. Four key areas of cooperation - energy, transport infrastructure, industrial cooperation and Gwadar Port - have made sign
The much anticipated Belt and Road Initiative forum is set to take place in Beijing. The event will be held in just over a week, on May 14 and 15. Questions some may ask could include why China is holding such an event at this time? What issues and topics will be covered, and what should we, along with others from across the globe, expect from this meeting?
China`s One Belt and One Road initiative has brought the country`s experience in industrialization and urbanization to many countries around the world, becoming a new engine of global economic development, experts said.
Sino-Indian relationship is often described as one of "the Dragon and the Elephant" by the media. After the "Belt and Road" (B&R) Initiative was proposed, this relationship seems confounded. The rendering by media has resulted in the Indian government`s irresolution to develop relations with China.
China’s Belt and Road Initiative is a global economic endeavor linking Asia with Europe and Africa. Now, Russia is set to play a significant role.
China is still open to the involvement of the US in any form in its One Belt and One Road initiative, experts said, cautioning that the US would be better off if the current administration changed tack on the grand initiative.
The price of revolution may be heavy. But only by walking between India`s cities and country, and standing in front of the building with an imperial atmosphere, can one get to know the meaning and role of revolution.
China`s One Belt and One Road initiative, which takes the form of six "economic corridors" connecting China and other countries with infrastructure projects and investments, will benefit the economies of the participants and stabilize many regions, experts said.
The AIIB has been improving its organizational structure since its inauguration in January 2016. Focused on financing infrastructure construction across Asia, the multilateral development financial institution has brought something new to the international financial environment and raised expectations.
To a large degree, Trump`s learning curve is not as steep as people have predicted. Instead, he and his team are endeavoring to adjust to realities within and outside of the US.
On April 7 the China Banking Regulatory Commission (CBRC), the country`s banking watchdog, issued a guideline urging the banking industry to focus on serving the real economy. To that end, the commission requires commercial banks to innovate, control risks, intensify reforms and concentrate on traditional banking practices.
The gap between the rich and the poor reflected in India`s education is not just related to money, but also the gap in economic and social rights, and traditional social classes.