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To sign or not to sign. This is the question Nepal’s Prime Minister K. P. Sharma Oli faces as he prepares for his visit to China, which has been largely overshadowed by a debate whether he should sign an implementation plan for the Belt and Road Initiative (BRI). The current ruling coalition, comprising Mr. Oli’s Communist…
China promised billions of dollars to infrastructure projects across Southeast Asia, but many of these were never built, according to a study by an Australian think tank released on March 27. Sydney’s Lowy Institute found that since 2015, more than $50 billion that Beijing promised to development projects in the region was unallocated. More than…
Read More “China pledges to Southeast Asia come up $50 billion short: study” »
Residents pass by the logo for the Belt and Road Forum outside the China National Convention Center in Beijing Tuesday, Oct. 17, 2023. | Photo Credit: AP China plans to launch an “international manhunt” to target officials allegedly involved in corruption in the country’s ambitious decade-old multi-billion-dollar Belt and Road Initiative (BRI), a media report…
President Joe Biden and Australia’s Prime Minister Anthony Albanese hold a news conference in the Rose Garden of the White House in Washington on, Oct. 25, 2023. | Photo Credit: AP U.S. President Joe Biden has said that he is convinced that one of the reasons why Hamas launched a terrorist attack on Israel was…
China’s President Xi Jinping speaks during the opening ceremony of the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on October 18, 2023. | Photo Credit: AFP China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted…
Residents walk by the logo for the Belt and Road Forum outside the China National Convention Center in Beijing, on October 16, 2023. 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….
Read More “China prepares for Belt and Road summit under shadow of Israel-Gaza war” »
A visitor poses for photos at the “Belt and Road” summit in Hong Kong, China September 14, 2023. As the BRI marks 10 years, China has pushed back against criticism of the plan, particularly with regard to projects leaving countries with debt. | Photo Credit: REUTERS India is likely to skip China’s third summit marking…
China has refused to further expand cooperation in the areas of energy, water management, and climate change under the multi-billion dollar China-Pakistan Economic Corridor (CPEC), it emerged on September 25, signalling a strain in the ‘ironclad’ friendship between the two all-weather allies. Cash-strapped Pakistan also gave up its opposition to setting up a new imported…
Welcoming the announcement of the ambitious India-Middle East-Europe Economic Corridor (IMEC), Israeli Prime Minister Benjamin Netanyahu has described it as the “largest cooperation project in our history” that will “change the face of the Middle East, Israel, and will affect the entire world”. The new economic corridor, which many see as an alternative to China’s…
File picture of a Pakistan Navy soldier standing guard while a loaded Chinese ship prepares to depart, at Gwadar port, about 700 km west of Karachi. The port is expected to be a part of China’s ambitious Belt and Road Initiative | Photo Credit: AP China said on Thursday that 90 countries have confirmed attendance…