Tag: Belt and Road
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Kenya’s President Didn’t Go to China to Get New Loans, Says Finance Minister
Senior Kenyan officials are trying to set the record straight about President William Ruto's trip to China last week and whether he went there with a billion-dollar request for new loans. Before he left, Deputy President Rigathi Gachagua told a radio interviewer ...
Chinese Netizens Hit Out At Wang Yi’s Infrastructure Challenge
At last week’s Belt and Road Forum China’s Foreign Minister Wang Yi threw down the gauntlet at the U.S.-led Partnership for Global Infrastructure and Investment (PGII), saying, "We might as well compete internationally to see who can build more roads, railways and bridges for developing countries and who ...
African, Chinese Exim Banks Sign $600 Million Trade Deal
China Exim Bank has signed a $600 million deal with the African Export-Import Bank to boost trade and economic cooperation between Afreximbank member states and China. At present, it is unclear which specific sectors will be targeted via the deal, which was signed ...
Africa’s Strong Presence at China’s Belt & Road Forum
Five of the 24 heads of state who attended this week's Belt and Road Forum in Beijing were from African countries, highlighting the prominent role the continent played at the event. Many of the themes ...
China’s Belt & Road Checks May Get Smaller, But Indonesia Can Still Get Plenty
After complaints surrounding debt and environmental woes, China’s Belt and Road Initiative (BRI) is finally changing. At the Belt and Road Forum this week, China announced that the BRI will now be “Small but Smart”, aiming to fund smaller-sized projects that are greener. ...
Kevin Gallagher’s Key Takeaways From the Belt & Road Forum
Boston University Global Development Policy Center Director Kevin Gallagher was one of only a handful of U.S. stakeholders invited to participate in the Belt and Road Forum that just wrapped up in Beijing. Kevin joined CGSP Editor-in-Chief Eric Olander for a ...
Wang Yi to Challenges Western BRI-Rivals: Bring it On
Chinese Foreign Minister Wang Yi held a press conference following the closing ceremony of this week’s Belt and Road Forum that summed up the sprawling event as an example of a confident China’s openness to working with the world (and especially the Global South) to boost mutual development.
Xi’s Speed Diplomacy on the Sidelines of the Belt and Road Forum
Xi Jinping’s presence at the Belt and Road Forum was dominated by his keynote address during which he announced a raft of new initiatives. However, he also engaged in speedy rounds of bilateral meetings and hosted a banquet on Tuesday night. ...
The Number of Leaders Attending China’s Belt and Road Forums Has Fallen Steadily
While overall attendance at this year's Belt and Road Forum in Beijing was robust, the participation of heads of state and leaders of international organizations was down dramatically from the first forum in 2017. In fact, so few leaders attended this ...
The Old Belt & Road is Over, New Era Begins, Says Top China Analyst Richard McGregor
With the Belt and Road Forum in Beijing now wrapped up, some of the world's top China analysts are beginning to reflect on the key themes that emerged at this year's event and what it says about the future of Belt and Road.
Philippines-China Rail Cooperation In Crosshairs as Maritime Tensions Escalate
The Philippines is in a juggling act as tensions with Beijing escalate in the South China Sea but the countries remain engaged in multiple infrastructure projects. The two sides recently updated a Belt and Road deal prioritizing construction of two bridge ...
The Belt and Road Initiative Is Changing But It’s Not Going Away
Up until a few weeks ago, columnists in major Western publications were packing away the Belt and Road Initiative. Foreign Policy called it ‘China’s Belt and Road to Nowhere’ in February. In April, the Council on Foreign Relations proclaimed ‘The Rise and Fall of the ...