Page 2 - China's Belt And Road Initiative

Here are the key leaders joining BRI forum and their wish lists to Beijing

China is hosting its third international forum centered around President Xi Jinping's signature policy, the Belt and Road Initiative, which over the past 10 years has built infrastructure across continents, burdening some smaller countries with debt. The forum brings a flurry of diplomacy to Beijing, including at least 20 heads of state and government, mostly hailing from developing markets in Southeast and South Asia, the Middle East, Africa and Latin America. Here are some key leaders visiting Beijing and an overview of their countries' involvement in the Belt and Road projects. RUSSIAN PRESIDENT VLADIMIR PUTIN Russian President Vladimir Putin landed in Beijing on Tuesday, on his first trip outside the former Soviet Union since the International Criminal Court issued a warrant for him in March over his alleged involvement in the mass abduction of children from Ukraine. Putin's visit underscores China's economic and diplomatic support for Moscow amid the isolation brought by its

How China's BRI is changing after a decade of big projects and big debts

China's Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns. The shift comes as leaders from across the developing world descend on Beijing this week for a government-organized forum on what is known as BRI for short. The initiative has built power plants, roads, railroads and ports around the world and deepened China's relations with Africa, Asia, Latin America and the Mideast. It is a major part of Chinese President Xi Jinping's push for China to play a larger role in global affairs. What is the BRI? Called One Belt, One Road in Chinese, the Belt and Road Initiative started as a program for Chinese companies to build transportation, energy and other infrastructure overseas funded by Chinese development bank loans. The stated goal was to grow trade and the economy by improving China's connections with the rest of the world in a 21st-century version of the Silk Road trad

India set to boycott China's Belt and Road forum for a third time

For the third consecutive time, India is set to boycott a summit of China's Belt and Road Initiative here on Tuesday to highlight its stand on the sovereignty issues in the controversial CPEC, which is being laid through the Pakistan-occupied Kashmir, and the financial viability of Beijing's projects in smaller countries, official sources here said. The two-day Belt and Road Forum for International Cooperation (BRFIC) is being held by China amid criticism that the loans amounting to billions of dollars for unsustainable projects turned out to be debt traps for smaller countries like Sri Lanka, driving them into a deep economic crisis. This year marks the completion of 10 years of the Belt and Road Initiative (BRI), the pet project of President Xi Jinping. China held two international forums for its mega global infrastructure initiative in 2017 and 2019. India had stayed away from both the meetings. Official sources here said like in the previous two BRI conferences, India will not .

Xi Jinping's $1 trillion 'project of the century' faces uncertain future

As the Chinese statesman opens the third Belt and Road Forum this week, the future of his brainchild looks uncertain

Leaders from emerging economies visiting China for 'Belt and Road' forum

A stream of leaders of emerging market countries are arriving in Beijing for a meeting organised by the Chinese government that will mark the 10th anniversary of its Belt and Road Initiative. Ethiopian Prime Minister Abiy Ahmed landed in Beijing on Monday, following Chilean President Gabriel Boric and Hungarian Prime Minister Viktor Orban on Sunday night. Under the initiative, a signature policy of Chinese leader Xi Jinping, Chinese companies have built ports, roads, railways, power plants around the world in a bid to boost trade and economic growth. But the massive Chinese development loans that funded the projects have also burdened some poorer countries with heavy debts. Others leaders from Africa, Southeast Asia, Central Asia and the Mideast will attend the Belt and Road Forum, whose main day is on Wednesday. Russian President Vladimir Putin is expected to attend, as are representatives of the Taliban government in Afghanistan.

Pro-China candidate Mohamed Muizzu wins Maldives presidential election

The run-off was seen as having significant implications for the Maldives's foreign policy, especially in deciding China and India's battle for influence in the strategically-located country

US praises India for G20, hails 'India-Middle East Europe Corridor'

The US lauded India for hosting the G20 summit, calling it a big "success" and hailing the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents. The G20 Leaders' two-day summit, held under India's presidency, wrapped up on Sunday. On Saturday, the ambitious India-Middle East-Europe Economic Corridor (IMEC) was jointly announced by the leaders of the US, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union on the sidelines of the summit in New Delhi. The new economic corridor is seen as an alternative to China's controversial Belt and Road Initiative (BRI). During a regular press briefing on Monday, the US State Department spokesperson Matthew Miller told reporters," It was a landmark India-Middle East-Europe Economic Corridor (IMEC) that we believe will usher in a new era of connectivity from Europe to Asia that will

G20 Summit 2023: India drives home its point, courtesy 'new spice route'

Countering China's BRI, New Corridor to push out Stalled older projects

China's Belt and Road initiative to enter Afghanistan in Taliban victory

Chinese Foreign Minister Qin Gang and his Pakistani counterpart Bilawal Bhutto Zardari met in Islamabad on Saturday and pledged to work together on Afghanistan's reconstruction process

South Asia gets back to reality

The crises in Sri Lanka and Pakistan raise questions about the relevance and costs of reliance on the alternative financial system provided by China's Belt and Road Initiative

Nepal needs to prioritize its interest while executing China's BRI: Experts

"We tried our best to serve our national interests while signing the MoU on BRI," Mahat said

Nepal considers China's offer of building cross-border railways under BRI

Nepals caretaker government has expressed its reservations over a Chinese proposal for a feasibility study of an ambitious cross-border railway under the Belt and Road Initiative (BRI)

G7 counters China's Belt and Road Initiative to curb its global influence

China tried to project itself as a helping hand to developing countries in the case of economic development through its Belt and Road Initiative but only just to lure them into their debt trap

China looking for new ways to resolve current debt quagmire: Report

After the first version of China's flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses on loans and renegotiating debt

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

New investment through China's BRI drying up in Pakistan and Russia

New investment in Russia through China's Belt and Road Initiative (BRI) fell to zero in the first half of 2022, while Chinese outlays in Pakistan dropped by 56 per cent during the same period

G7 leaders kickoff summit with new measures to counter Russia, China

In a bid to counter China's Belt and Road Initiative, the G7 on Sunday announced $600 billion for global infrastructure programmes in poor nations

Concern over China's BRI projects in Nepal amid Beijing's vested interest

Experts raised concern over the lack of transparency and viability of China's Belt and Road Initiative (BRI) projects in Nepal and said that it must be cautious while accepting support

China cutting deals in South America as more nations join BRI: US

The US has realized that China is cutting lucrative deals in South America as more nations are joining China's Belt and Road Initiative (BRI).

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