Page 2 - Belt And Road Initiative

At SCO meeting, India refuses to endorse Prez Xi's Belt and Road Initiative

India on Tuesday once again refused to endorse Chinese President Xi Jinping's ambitious Belt and Road Initiative (BRI) during a meeting of the eight-nation Shanghai Cooperation Organisation (SCO), saying connectivity projects should respect the sovereignty and territorial integrity of member states. In a joint communique issued at the end of the 21st Meeting of the Council of Heads of Government of SCO member states chaired by Chinese Premier Li Keqiang via video link, India's name was not among the member states that supported the BRI. Like in the previous SCO meetings, India refrained from supporting China's BRI. "Reaffirming their support" for China's BRI initiative, Kazakhstan, Kyrgyz Republic, Pakistan, Russia, Tajikistan and Uzbekistan "noted the ongoing work to jointly implement this project, including efforts to link the construction of the Eurasian Economic Union and BRI," the communique said. External Affairs Minister S Jaishankar, who attended the virtual meeting, earlie

China wants military posts in Pakistan to safeguard BRI investments

As part of its ambitious Belt and Road Initiative, China has made significant investments in the conflict-prone Pakistan-Afghanistan region

Amid sanctions from the West, INSTC raises Russian trade volume with India

INSTC is a 7,200 km transportation network ratified by 13 countries, viz, Azerbaijan, Belarus, Bulgaria, Armenia, India, Iran, Kazakhstan, Kyrgyzstan, Oman, Russia, Tajikistan, Turkey, and Ukraine

G7 leaders unveil $600-bn plan to rival China's BRI in developing nations

The Partnership for Global Infrastructure and Investment scheme would allow countries to 'see the concrete benefits of partnering with democracies', President Biden said

China's Belt and Road plans lose momentum amid opposition: Study

A growing number of policymakers in low- and middle-income countries are mothballing high profile BRI projects because of overpricing, corruption and debt sustainability concerns

China hits back at G7 summit over human rights violations, Covid origins

China on Sunday asserted that the days when a "small" group of countries decided the fate of the world are long gone

Message from Tokyo

The Quad meet upped the ante against Beijing

Component of loan makes China's BRI a complicated issue: Experts

The closure of the Nepal-China border since 2020 has impacted Kathmandu's trade and economy with China, experts said raising questions regarding the geopolitical and strategic interest of both nations

Chinese FM to visit Nepal today amid Kathmandu's reservations on BRI

Officials familiar with the preparations said as many as 10 agreements related to technical and economic assistance to Nepal are likely to be signed during Wang's visit, reported Kathmandu Post

Chinese Foreign Minister Wang Yi to visit Nepal from March 25 to 27

China's Foreign Minister will be visiting Nepal to push for the implementation of China's infrastructure development strategy, the 'Belt and Road Initiative (BRI)'

Sri Lanka in talks with China for $2.5 bn credit support: Chinese official

Chinese ambassador to Sri Lanka Qi Zhenhong told reporters the two sides were also discussing a separate loan of up to $1 billion which the Sri Lankan government had requested

EU to increase tariffs on India, Indonesia stainless steel imports

The European Union will increase tariffs on stainless steel products from India and Indonesia after determining they benefited from unfair subsidies, including some from China under its BRI programme

CPEC provides opportunities for Pak to strengthen economy, says expert

The China-Pakistan Economic Corridor (CPEC) has been providing multifaceted opportunities for Pakistan to further enhance regional connectivity and the national economy, a Pakistani expert has said.

US eyes January rollout of first projects to counter China's Belt and Road

A US delegation led by President Joe Biden's deputy national security adviser, Daleep Singh, identified at least 10 promising projects in Senegal and Ghana

China needs a stable Afghanistan to tuck country under its Belt and Road

China has already been burned by failed investments in Afghanistan, most notably a copper project near Kabul.

Xi speaks to Maldives Prez Solih offers to push forward BRI cooperation

Chinese President Xi Jinping spoke to Maldivian President Ibrahim Mohamed Solih over phone and offered to provide more coronavirus vaccines besides pushing forward the BRI cooperation

China to hold Asia Pacific Ministers meet tomorrow to discuss BRI projects

China has convened a key ministerial conference of Asia Pacific countries on Wednesday to discuss cooperation of its BRI

China-backed projects in Africa face fierce backlash from environmentalists

Environmentalists accuse the developers of destroying ecosystems in pursuit of commodities like oil, metal and timber

Poisoned mutual trust: China blasts Australia's decision to cancel BRI

China has lodged stern representations with Australia over the issue and reserved the right to take more action

Belt and Road Initiative: Pakistan to seek debt relief from China

The Belt and Road program had found new life in Pakistan last year with the signing of $11 billion worth of projects