As a midsize European country, Italy is keeping a subtle balance between the European Union and China since its signing of a memorandum of understanding on joining Beijing’s Belt and Road Initiative (BRI). Understandably, this member of the G-7 might bear a great amount of multidimensional pressure and skepticism from outside due to the divided interpretations of the BRI within Europe, as well as the fact that Italy’s participation could somehow dilute the U.S. influence in the region.
China and Pakistan have signed an upgraded free trade agreement (FTA), as the two close neighbors seek to further strengthen their bilateral economic and trade ties and deepen cooperation under the China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative (BRI).
Sonemany, a builder before the job, has grown into a skilled welder and was conferred "railway craftsman." With a monthly income of about US$460, the 26-year old said he is happy with the job.
It has been nearly six years since the Belt and Road Initiative was introduced in 2013. Over the past six years, the initiative has become an innovation in improving the global governance system.
Chinese President Xi Jinping's keynote speech at the just-concluded second Belt and Road Forum for International Cooperation (BRF) has become the focus of attention among politicians, scholars and media outlets around the world. Apart from measures to boost the Belt and Road Initiative (BRI) and promote the world economy, President Xi also responded to Western skepticism about China's "strategic intentions" behind the landmark initiative. What are the key takeaways from Xi's speech? What are the prospects of the BRI? CGTN spoke with five experts on the matter.
The Belt and Road Initiative (BRI) has received wide participation and attention from the world since it was proposed six years ago. It is expanding its “circle of friends” and achieving more and more progress.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.