Critics of China’s Belt and Road initiative are ‘prejudiced’, the country’s top diplomat says

Xi’s Belt and Road Initiative, as it is formally called, envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with massive infrastructure spending. “This obviously shows a lack of objectivity and fair understanding of the Belt and Road initiative. It is a misunderstanding, misjudgment and is even prejudiced,” wrote Yang, a former foreign minister and ambassador to Washington. China has stressed many times that the Belt and Road is to promote joint development, he


Xi’s Belt and Road Initiative, as it is formally called, envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with massive infrastructure spending. “This obviously shows a lack of objectivity and fair understanding of the Belt and Road initiative. It is a misunderstanding, misjudgment and is even prejudiced,” wrote Yang, a former foreign minister and ambassador to Washington. China has stressed many times that the Belt and Road is to promote joint development, he
Critics of China’s Belt and Road initiative are ‘prejudiced’, the country’s top diplomat says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-30  Authors: buddhika weerasinghe getty images
Keywords: news, cnbc, companies, belt, diplomat, foreign, debt, chinas, prejudiced, yang, critics, minister, president, participating, development, countrys, initiative, road, countries


Critics of China's Belt and Road initiative are 'prejudiced', the country's top diplomat says

China has never forced debt upon participants of its new Silk Road project as “prejudiced” critics have suggested, the country’s top diplomat said on Saturday in a strongly worded defense of a key policy platform of Chinese President Xi Jinping.

Xi’s Belt and Road Initiative, as it is formally called, envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with massive infrastructure spending.

But it has proved controversial in many Western capitals, particularly Washington, which views it as merely a means to spread Chinese influence abroad and saddle countries with unsustainable debt through non-transparent projects.

The United States has been particularly critical of Italy’s decision to sign up to the plan this month, during Xi’s visit to Rome, the first for a G7 nation.

Speaking to the ruling Communist Party’s official People’s Daily, Yang Jiechi, who runs the party’s foreign affairs committee, said he had noted that some in the international community believed this was a geopolitical tool and would only bring debt traps for participating countries.

“This obviously shows a lack of objectivity and fair understanding of the Belt and Road initiative. It is a misunderstanding, misjudgment and is even prejudiced,” wrote Yang, a former foreign minister and ambassador to Washington.

China has stressed many times that the Belt and Road is to promote joint development, he added.

“The Belt and Road is open, inclusive and transparent. It does not play little geopolitical games. It does not engage in the exclusion of exclusive small circles.”

Yang noted that many countries, companies and ordinary people participating in the Belt and Road project had “publicly refuted rumors” about it being a debt trap.

Belt and Road projects, from their selection to their financing, go through careful risk assessments and the initiative’s principles stress sustainable development, he said.

“For cooperative partners who have debt difficulties, China’s principle is to appropriately resolve this through friendly consultations, and has never pushed or forced debt” on anyone, Yang added.

To date no participating country has faced a debt crisis — to the contrary many countries have been able to escape the “no development trap”, he wrote.

China will hold its second Belt and Road summit in Beijing in late April.

Yang said almost 40 foreign leaders would take part, but did not name them. Some of China’s closest allies have already confirmed they will come, including Russian President Vladimir Putin, Pakistani Prime Minister Imran Khan, Philippines President Rodrigo Duterte and Cambodian Prime Minister Hun Sen.


Company: cnbc, Activity: cnbc, Date: 2019-03-30  Authors: buddhika weerasinghe getty images
Keywords: news, cnbc, companies, belt, diplomat, foreign, debt, chinas, prejudiced, yang, critics, minister, president, participating, development, countrys, initiative, road, countries


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Watch this gigantic bird-like robot load boxes onto a conveyor belt

Boston Dynamics has also produced other types of robots that can perform tricks like backflips. Boston Dynamics robots were employed by various teams in the DARPA Robotics Challenge in 2015, and were an inspiration for “Metalhead,” an episode of the show “Black Mirror.” Amazon CEO Jeff Bezos appeared with a Boston Dynamics robot at the company’s MARS conference last year. Google’s parent company, Alphabet, sold Boston Dynamics to SoftBank in 2017. WATCH: Watch this four-legged robot do the Runni


Boston Dynamics has also produced other types of robots that can perform tricks like backflips. Boston Dynamics robots were employed by various teams in the DARPA Robotics Challenge in 2015, and were an inspiration for “Metalhead,” an episode of the show “Black Mirror.” Amazon CEO Jeff Bezos appeared with a Boston Dynamics robot at the company’s MARS conference last year. Google’s parent company, Alphabet, sold Boston Dynamics to SoftBank in 2017. WATCH: Watch this four-legged robot do the Runni
Watch this gigantic bird-like robot load boxes onto a conveyor belt Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: jordan novet, boston dynamics
Keywords: news, cnbc, companies, birdlike, objects, watch, robots, yearboston, robot, load, conveyor, boston, 2017, gigantic, working, boxes, belt, original, dynamics, weekwatch


Watch this gigantic bird-like robot load boxes onto a conveyor belt

Boston Dynamics has also produced other types of robots that can perform tricks like backflips. Boston Dynamics robots were employed by various teams in the DARPA Robotics Challenge in 2015, and were an inspiration for “Metalhead,” an episode of the show “Black Mirror.” Amazon CEO Jeff Bezos appeared with a Boston Dynamics robot at the company’s MARS conference last year.

Boston Dynamics unveiled the original Handle in 2017. Whereas the original had two robotic arms that could grasp objects, the new one can move objects with just one arm.

Google’s parent company, Alphabet, sold Boston Dynamics to SoftBank in 2017. Google is still actively working with robots, according to a report that emerged this week.

WATCH: Watch this four-legged robot do the Running Man and twerk like Miley Cyrus


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: jordan novet, boston dynamics
Keywords: news, cnbc, companies, birdlike, objects, watch, robots, yearboston, robot, load, conveyor, boston, 2017, gigantic, working, boxes, belt, original, dynamics, weekwatch


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Watch this gigantic bird-like robot load boxes onto a conveyor belt

Boston Dynamics has also produced other types of robots that can perform tricks like backflips. Boston Dynamics robots were employed by various teams in the DARPA Robotics Challenge in 2015, and were an inspiration for “Metalhead,” an episode of the show “Black Mirror.” Amazon CEO Jeff Bezos appeared with a Boston Dynamics robot at the company’s MARS conference last year. Google’s parent company, Alphabet, sold Boston Dynamics to SoftBank in 2017. WATCH: Watch this four-legged robot do the Runni


Boston Dynamics has also produced other types of robots that can perform tricks like backflips. Boston Dynamics robots were employed by various teams in the DARPA Robotics Challenge in 2015, and were an inspiration for “Metalhead,” an episode of the show “Black Mirror.” Amazon CEO Jeff Bezos appeared with a Boston Dynamics robot at the company’s MARS conference last year. Google’s parent company, Alphabet, sold Boston Dynamics to SoftBank in 2017. WATCH: Watch this four-legged robot do the Runni
Watch this gigantic bird-like robot load boxes onto a conveyor belt Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: jordan novet, boston dynamics
Keywords: news, cnbc, companies, birdlike, objects, watch, robots, yearboston, robot, load, conveyor, boston, 2017, gigantic, working, boxes, belt, original, dynamics, weekwatch


Watch this gigantic bird-like robot load boxes onto a conveyor belt

Boston Dynamics has also produced other types of robots that can perform tricks like backflips. Boston Dynamics robots were employed by various teams in the DARPA Robotics Challenge in 2015, and were an inspiration for “Metalhead,” an episode of the show “Black Mirror.” Amazon CEO Jeff Bezos appeared with a Boston Dynamics robot at the company’s MARS conference last year.

Boston Dynamics unveiled the original Handle in 2017. Whereas the original had two robotic arms that could grasp objects, the new one can move objects with just one arm.

Google’s parent company, Alphabet, sold Boston Dynamics to SoftBank in 2017. Google is still actively working with robots, according to a report that emerged this week.

WATCH: Watch this four-legged robot do the Running Man and twerk like Miley Cyrus


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: jordan novet, boston dynamics
Keywords: news, cnbc, companies, birdlike, objects, watch, robots, yearboston, robot, load, conveyor, boston, 2017, gigantic, working, boxes, belt, original, dynamics, weekwatch


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Italy joining China’s Belt and Road project is ‘geopolitically unwise,’ former prime minister says

Italy’s former prime minister doesn’t approve of the current government’s newly inked partnership with China, calling the decision “unwise” during a conversation with CNBC Monday. “Politically, geopolitically, I deem (it) really unwise from the Italian government to take such a decision without coordination with the European Union and our allies,” Paolo Gentiloni, who served as prime minister from 2016 to 2018, told CNBC’s “Squawk Box Europe.” “Europe is showing its divisions toward China, and t


Italy’s former prime minister doesn’t approve of the current government’s newly inked partnership with China, calling the decision “unwise” during a conversation with CNBC Monday. “Politically, geopolitically, I deem (it) really unwise from the Italian government to take such a decision without coordination with the European Union and our allies,” Paolo Gentiloni, who served as prime minister from 2016 to 2018, told CNBC’s “Squawk Box Europe.” “Europe is showing its divisions toward China, and t
Italy joining China’s Belt and Road project is ‘geopolitically unwise,’ former prime minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: natasha turak
Keywords: news, cnbc, companies, belt, decision, unwise, energy, worth, xi, italy, italian, project, china, billion, road, geopolitically, joining, prime, chinas, minister


Italy joining China's Belt and Road project is 'geopolitically unwise,' former prime minister says

Italy’s former prime minister doesn’t approve of the current government’s newly inked partnership with China, calling the decision “unwise” during a conversation with CNBC Monday.

“Politically, geopolitically, I deem (it) really unwise from the Italian government to take such a decision without coordination with the European Union and our allies,” Paolo Gentiloni, who served as prime minister from 2016 to 2018, told CNBC’s “Squawk Box Europe.”

“Europe is showing its divisions toward China, and this is not something that will strengthen our position even on trade.”

The Italian government stirred up fresh controversy over the weekend as it officially agreed to join China’s massive Belt and Road Initiative (BRI), becoming the first EU and Group of 7 country to do so.

Chinese President Xi Jinping’s visit to Rome saw a total of 29 deals signed, altogether worth 2.5 billion euros ($2.8 billion). They were focused on agricultural, finance and energy sectors, and opened up new access to the Chinese market for major Italian energy and engineering firms.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: natasha turak
Keywords: news, cnbc, companies, belt, decision, unwise, energy, worth, xi, italy, italian, project, china, billion, road, geopolitically, joining, prime, chinas, minister


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Italy Di Maio first EU country to join China Belt and Road initiative

The raft of investment deals that Italy’s leadership has just signed with Beijing as part of its massive Belt and Road program is “nothing to worry about,” Italian Deputy Prime Minister Luigi Di Maio told CNBC. But the contents of the MOU (memorandum of understanding) that we are signing tomorrow contains nothing for them to worry about, nothing relating to 5G or any agreement on strategic telecommunications,” Di Maio told CNBC’s Joumanna Bercetche on Friday just before the signing. Italy on Sat


The raft of investment deals that Italy’s leadership has just signed with Beijing as part of its massive Belt and Road program is “nothing to worry about,” Italian Deputy Prime Minister Luigi Di Maio told CNBC. But the contents of the MOU (memorandum of understanding) that we are signing tomorrow contains nothing for them to worry about, nothing relating to 5G or any agreement on strategic telecommunications,” Di Maio told CNBC’s Joumanna Bercetche on Friday just before the signing. Italy on Sat
Italy Di Maio first EU country to join China Belt and Road initiative Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: natasha turak, antonio masiello, getty images, christian minelli, nurphoto via getty images
Keywords: news, cnbc, companies, italy, belt, italian, road, maio, initiative, told, energy, tell, join, worry, signed, visit, european, di, country, eu, china


Italy Di Maio first EU country to join China Belt and Road initiative

The raft of investment deals that Italy’s leadership has just signed with Beijing as part of its massive Belt and Road program is “nothing to worry about,” Italian Deputy Prime Minister Luigi Di Maio told CNBC.

“We are maximizing all precautionary measures, and I want to tell the U.S., and I will tell them as well in next week’s visit, that they are our allies, and that we understand their concerns. But the contents of the MOU (memorandum of understanding) that we are signing tomorrow contains nothing for them to worry about, nothing relating to 5G or any agreement on strategic telecommunications,” Di Maio told CNBC’s Joumanna Bercetche on Friday just before the signing.

Italy on Saturday became the first European Union and Group of 7 country to join China’s expansive Belt and Road Initiative (BRI), drawing concern from the U.S. and European allies.

Chinese President Xi Jinping’s visit to Rome saw a total of 29 deals signed, altogether worth 2.5 billion euros ($2.8 billion). They were focused on agricultural, finance and energy sectors, and opened up new access to the Chinese market for major Italian energy and engineering firms.


Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: natasha turak, antonio masiello, getty images, christian minelli, nurphoto via getty images
Keywords: news, cnbc, companies, italy, belt, italian, road, maio, initiative, told, energy, tell, join, worry, signed, visit, european, di, country, eu, china


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Italy is reportedly going to support China’s Belt and Road program

Italy’s undersecretary in the economic development ministry, Michele Geraci, told the Financial Times his country is in negotiations to sign a memorandum of understanding in support of the program. The plan is to sign in time for Xi’s visit by the end of March, Geraci said in the article. Such public support would come at a critical time in China’s relations with the U.S. and the European Union, of which Italy is a founding member. Xi is expected to meet with U.S. President Donald Trump by the e


Italy’s undersecretary in the economic development ministry, Michele Geraci, told the Financial Times his country is in negotiations to sign a memorandum of understanding in support of the program. The plan is to sign in time for Xi’s visit by the end of March, Geraci said in the article. Such public support would come at a critical time in China’s relations with the U.S. and the European Union, of which Italy is a founding member. Xi is expected to meet with U.S. President Donald Trump by the e
Italy is reportedly going to support China’s Belt and Road program Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: evelyn cheng, bloomberg, getty images
Keywords: news, cnbc, companies, geraci, italy, going, belt, reportedly, told, chinas, investments, financial, program, end, support, sign, times, road, council


Italy is reportedly going to support China's Belt and Road program

Italy’s undersecretary in the economic development ministry, Michele Geraci, told the Financial Times his country is in negotiations to sign a memorandum of understanding in support of the program. The plan is to sign in time for Xi’s visit by the end of March, Geraci said in the article.

“We want to make sure that ‘Made in Italy’ products can have more success in terms of export volume to China, which is the fastest-growing market in the world,” he added in the report.

Such public support would come at a critical time in China’s relations with the U.S. and the European Union, of which Italy is a founding member.

Xi is expected to meet with U.S. President Donald Trump by the end of March to clinch a deal to end their trade impasse. This week, the EU Council adopted its first-ever framework of rules on foreign direct investment, amid a rise of Chinese investments in the region and concerns about protection of key technologies.

Garrett Marquis, White House National Security Council spokesperson, told the FT that the U.S. is skeptical of the benefits to Italy from an endorsement of the Chinese initiative, and urged allies and partners to increase the pressure on Beijing to align its global investments with international practices.

A representative from the Italian embassy in Beijing was not immediately available for comment when contacted by CNBC.

Read the full story in the Financial Times here.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: evelyn cheng, bloomberg, getty images
Keywords: news, cnbc, companies, geraci, italy, going, belt, reportedly, told, chinas, investments, financial, program, end, support, sign, times, road, council


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Fears of excessive debt drive more countries to cut down their Belt and Road investments

Some countries are scaling down or scrapping entire projects that are part of China’s Belt and Road Initiative amid mounting financial concerns over the continent-spanning venture. That revised stance not only confirms global fears over the terms of BRI financing, it could also indicate that developing countries are now more willing to prioritize sovereign interests over their need for foreign investment. But critics see it as a means to benefit China’s military, increase opportunities for Chine


Some countries are scaling down or scrapping entire projects that are part of China’s Belt and Road Initiative amid mounting financial concerns over the continent-spanning venture. That revised stance not only confirms global fears over the terms of BRI financing, it could also indicate that developing countries are now more willing to prioritize sovereign interests over their need for foreign investment. But critics see it as a means to benefit China’s military, increase opportunities for Chine
Fears of excessive debt drive more countries to cut down their Belt and Road investments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: nyshka chandran, taylor weidman bloomberg, getty images
Keywords: news, cnbc, companies, road, excessive, foreign, bri, negotiated, developing, belt, chinas, countries, debt, chinese, projects, drive, nations, cut, investments, fears


Fears of excessive debt drive more countries to cut down their Belt and Road investments

Some countries are scaling down or scrapping entire projects that are part of China’s Belt and Road Initiative amid mounting financial concerns over the continent-spanning venture.

In recent months, developing nations such as Pakistan, Malaysia, Myanmar, Bangladesh and Sierra Leone have either canceled or backed away from previously negotiated BRI commitments, citing worries over high project costs and their impact on national debt and the economy.

That revised stance not only confirms global fears over the terms of BRI financing, it could also indicate that developing countries are now more willing to prioritize sovereign interests over their need for foreign investment.

The BRI — Beijing’s signature foreign policy program — is the superpower’s attempt to stretch its economic power across the globe through the construction of maritime and overland transportation links across Asia, the Middle East, Africa and Europe. But critics see it as a means to benefit China’s military, increase opportunities for Chinese companies and help Beijing gain political leverage.

Under the trillion-dollar endeavor, Chinese state-owned entities flush with cash offer participating countries cheap loans and credit to build large-scale projects such as ports and railways. These arrangements are usually negotiated government-to-government with below-market interest rates but many nations are growing wary over their debt loads.


Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: nyshka chandran, taylor weidman bloomberg, getty images
Keywords: news, cnbc, companies, road, excessive, foreign, bri, negotiated, developing, belt, chinas, countries, debt, chinese, projects, drive, nations, cut, investments, fears


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

North Korea’s Kim appears to have a big goal: Winning Belt and Road investments from Beijing

There was ‘frustration’ in Kim Jong Un’s message: Expert 4:50 AM ET Wed, 2 Jan 2019 | 03:00But to do so, Pyongyang needs help from its rich neighbors. The nuclear-armed nation is seeking more than $7.7 million in investment, the Seoul-based online newspaper NK News reported last month, citing information from a website run by North Korea’s foreign trade ministry. Xi’s Belt and Road project offers the perfect answer to those needs. Pyongyang “would love to be part of Belt and Road,” Dane Chamorro


There was ‘frustration’ in Kim Jong Un’s message: Expert 4:50 AM ET Wed, 2 Jan 2019 | 03:00But to do so, Pyongyang needs help from its rich neighbors. The nuclear-armed nation is seeking more than $7.7 million in investment, the Seoul-based online newspaper NK News reported last month, citing information from a website run by North Korea’s foreign trade ministry. Xi’s Belt and Road project offers the perfect answer to those needs. Pyongyang “would love to be part of Belt and Road,” Dane Chamorro
North Korea’s Kim appears to have a big goal: Winning Belt and Road investments from Beijing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: nyshka chandran, kcna, -mintaro oba, former us state department official
Keywords: news, cnbc, companies, investments, north, winning, koreas, worth, website, pyongyang, goal, pyongyangs, chamorro, needs, big, kim, road, beijing, belt


North Korea's Kim appears to have a big goal: Winning Belt and Road investments from Beijing

There was ‘frustration’ in Kim Jong Un’s message: Expert 4:50 AM ET Wed, 2 Jan 2019 | 03:00

But to do so, Pyongyang needs help from its rich neighbors. The nuclear-armed nation is seeking more than $7.7 million in investment, the Seoul-based online newspaper NK News reported last month, citing information from a website run by North Korea’s foreign trade ministry.

Xi’s Belt and Road project offers the perfect answer to those needs. China has historically been Pyongyang’s largest trading partner.

Pyongyang “would love to be part of Belt and Road,” Dane Chamorro, a senior partner in the Asia Pacific division of Control Risks, a consulting firm specializing in politics told CNBC on Friday. Kim’s government is waiting for an invitation so his country can get assistance on the construction of railway links and ports and other facilities, Chamorro said.

Beijing also seems keen on Pyongyang’s inclusion, with the Chinese government inviting a North Korean delegation to attend a Belt and Road summit in 2017 — but it’s unlikely to take any action for now.

Including Pyongyang in the BRI is “probably more trouble than it’s worth” at the present moment, said Mintaro Oba, a former U.S. State Department official who specialized in the Koreas during the administration of former President Barack Obama.

For one, sanctions still remain in place. Beijing, however, has called for those penalties to be eased.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: nyshka chandran, kcna, -mintaro oba, former us state department official
Keywords: news, cnbc, companies, investments, north, winning, koreas, worth, website, pyongyang, goal, pyongyangs, chamorro, needs, big, kim, road, beijing, belt


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Reports of China using its ‘Belt and Road’ program for military purposes are ‘no real surprise’

China’s massive Belt and Road Initiative infrastructure program has long been viewed as a platform to project Chinese power across the globe, despite official assertions to the contrary. Last week, the Times said it had reviewed a confidential plan about China’s military projects in Pakistan under the Belt and Road. That reveals how the world’s second-largest economy “is for the first time explicitly tying a Belt and Road proposal to its military ambitions,” the Times said. He called the Times’


China’s massive Belt and Road Initiative infrastructure program has long been viewed as a platform to project Chinese power across the globe, despite official assertions to the contrary. Last week, the Times said it had reviewed a confidential plan about China’s military projects in Pakistan under the Belt and Road. That reveals how the world’s second-largest economy “is for the first time explicitly tying a Belt and Road proposal to its military ambitions,” the Times said. He called the Times’
Reports of China using its ‘Belt and Road’ program for military purposes are ‘no real surprise’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: nyshka chandran, christine-felice rhrs, picture alliance, getty images
Keywords: news, cnbc, companies, real, plan, program, proposal, chinas, times, purely, economic, project, surprise, military, using, purposes, china, belt, road, reports


Reports of China using its 'Belt and Road' program for military purposes are 'no real surprise'

China’s massive Belt and Road Initiative infrastructure program has long been viewed as a platform to project Chinese power across the globe, despite official assertions to the contrary. New findings from the New York Times have now reinforced that argument, giving more weight to the idea that the investment plan may not purely be the economic project that Beijing insists.

Last week, the Times said it had reviewed a confidential plan about China’s military projects in Pakistan under the Belt and Road. According to the proposal, a special economic zone under the BRI’s China-Pakistan Economic Corridor will be created to produce fighter jets while navigation systems and other military hardware will be jointly built at factories in Pakistan. That reveals how the world’s second-largest economy “is for the first time explicitly tying a Belt and Road proposal to its military ambitions,” the Times said.

In response, Lijian Zhao, deputy chief of mission at the Chinese embassy in Islamabad, took to Twitter to protest the newspaper’s claims. He called the Times’ report “Western propaganda” and emphasized that the bilateral economic corridor was purely economic in nature.

For politics watchers, however, the Times’ story strengthens deep-rooted suspicions of the BRI as a tool for the People’s Liberation Army, China’s armed forces.


Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: nyshka chandran, christine-felice rhrs, picture alliance, getty images
Keywords: news, cnbc, companies, real, plan, program, proposal, chinas, times, purely, economic, project, surprise, military, using, purposes, china, belt, road, reports


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China’s Cosco and Abu Dhabi Ports develop Khalifa to support Belt and Road initiative

Monday marks the inauguration of a 35-year concession agreement between Abu Dhabi Ports and China Ocean Shipping Company (Cosco) Shipping Ports. The deal will allow Cosco to operate and develop a new container terminal in Khalifa Port to support trade flows expected from China’s 60-country-wide infrastructure project. The belt and road initiative is a vast project designed to link China with much of Asia, Europe the Middle East and Africa, and to increase Beijing’s political and trade influence


Monday marks the inauguration of a 35-year concession agreement between Abu Dhabi Ports and China Ocean Shipping Company (Cosco) Shipping Ports. The deal will allow Cosco to operate and develop a new container terminal in Khalifa Port to support trade flows expected from China’s 60-country-wide infrastructure project. The belt and road initiative is a vast project designed to link China with much of Asia, Europe the Middle East and Africa, and to increase Beijing’s political and trade influence
China’s Cosco and Abu Dhabi Ports develop Khalifa to support Belt and Road initiative Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: karen gilchrist, bloomberg, getty images
Keywords: news, cnbc, companies, khalifa, east, dhabi, serving, support, cosco, middle, road, initiative, trade, port, develop, ports, shipping, belt, chinas


China's Cosco and Abu Dhabi Ports develop Khalifa to support Belt and Road initiative

Monday marks the inauguration of a 35-year concession agreement between Abu Dhabi Ports and China Ocean Shipping Company (Cosco) Shipping Ports. The deal will allow Cosco to operate and develop a new container terminal in Khalifa Port to support trade flows expected from China’s 60-country-wide infrastructure project.

The belt and road initiative is a vast project designed to link China with much of Asia, Europe the Middle East and Africa, and to increase Beijing’s political and trade influence globally.

The port, which is situated halfway between Abu Dhabi and Dubai, now serves over 25 shipping lines and has links to 70 international destinations. Al Shamisi said that makes it a “strategic location” for trade, not only within the United Arab Emirates and the Middle East, but the wider ecosystem.

“It’s huge … We are not serving the Middle East per se, but we are serving the North Africa Indian subcontinent and we are transitioning point to all of these destinations,” said Al Shamisi.

“Having such infrastructure where the biggest ships can enter and use Khalifa Port as a hub, it will serve the one belt one road, and it’s actually the heart of the one belt one road,” he added.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: karen gilchrist, bloomberg, getty images
Keywords: news, cnbc, companies, khalifa, east, dhabi, serving, support, cosco, middle, road, initiative, trade, port, develop, ports, shipping, belt, chinas


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post