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Keyword: beltandroad

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  • Trump admin hits at China with counter to 'Belt and Road' Initiative for Asia

    11/22/2019 5:55:01 PM PST · by SeekAndFind · 26 replies
    BANGKOK (AP) — Commerce Secretary Wilbur Ross said Tuesday the U.S. will invest and trade more in Asia as it rolls out an American plan to support "sustainable" projects in Asia as a counterpoint to China's multibillion-dollar "Belt and Road" infrastructure initiative. Ross is leading a high-powered trade mission in Asia and along with national security adviser Robert O'Brien attended meetings at a regional summit that wrapped up Monday on the outskirts of Thailand's capital. Like O'Brien, he sought to dispel suspicions that President Donald Trump's administration is disengaging with the region, a sentiment that deepened when Trump sent his...
  • China’s belt and road cargo to Europe under scrutiny as operator admits to moving empty containers

    08/20/2019 8:14:07 AM PDT · by SeekAndFind · 16 replies
    South China Morning Post ^ | 08/20/2019 | Sidney Leng
    Widespread waste and fraud associated with China’s Belt and Road Initiative has been unearthed after the country’s state railway group was forced to admit this month that a significant amount of cargo containers shuttling between Chinese factories and European cities were empty. The admission by the state-run China Railway – the sole operator of the lines – followed an investigation by the Chinese Business Journal, a newspaper supervised by the Chinese Academy of Social Sciences, which found that in one extreme case only one of 41 containers on a particular train actually carried goods. The belt and road plan, masterminded...
  • Why China's New Silk Road Will Flop

    07/02/2019 7:25:18 AM PDT · by SeekAndFind · 9 replies
    American Thinker ^ | 07/02/2019 | Peter Skurkiss
    The Belt and Road Initiative (BRI) is China's two-prong attempt to construct a new Silk Road. The first prong is the overland Silk Road Economic Belt. The other is the Maritime Silk Road. Both are being undertaken simultaneously and are said to one of the most ambitious infrastructure projects ever attempted by man. Here is a map showing the grand scope of the project. The BRI is intended to be a vast network of railways, seaports, gas and oil pipelines, and highways built by Chinese companies and labor. China also wants construct up to fifty special economic zones along its...
  • China’s Belt and Road Initiative criticized for poor standards and ‘wasteful’ spending

    06/13/2019 9:32:03 AM PDT · by SeekAndFind · 10 replies
    South China Morning Post ^ | 06/13/2019 | Teddy Ng
    China’s massive infrastructure spending in Southeast Asian nations under the Belt and Road Initiative has run into a series of problems including substandard work and money wasted on unprofitable projects, a new report has warned. The Belt and Road Initiative, launched by Chinese President Xi Jinping in 2013, encompasses an estimated US$1 trillion of projects – many of which are road and rail links – in more than 125 countries. But the initiative has been overshadowed by controversy, including persistent warnings that poorer countries will be burdened with unsustainable debts and claims that Beijing is using it to extend its...
  • Orbán: Hungary Ready to Promote Development of Europe-China Relations

    05/04/2019 12:13:38 AM PDT · by CondoleezzaProtege · 9 replies
    Hungary Today ^ | April 26, 2019
    Hungary is ready to promote the development of Europe-China relations through cooperation between China and central and eastern Europe, Prime Minister Viktor Orbán said in Beijing at talks with President Xi Jinping on Thursday. Orbán, who is attending the Second Belt and Road Forum for International Cooperation in Beijing, expressed firm support for the Belt and Road Initiative, calling it “an opportunity rather than a threat”. Orbán said that “the Hungarian government and people cherish the extraordinary friendship with China” and that Hungary is optimistic about China’s high-tech development and welcomes investment from China. The Chinese president noted that “this...
  • Germany wants speedy end to China-US trade war

    04/27/2019 10:39:08 AM PDT · by Olog-hai · 28 replies
    Deutsche Welle ^ | 04.27.2019
    German Economy Minister Peter Altmaier told Chinese Vice Premier Liu He on Saturday that he hoped the US-China trade dispute that has slowed global growth would soon be over. For months, the world’s two largest economies have been locked in a trade war that has cost them billions of dollars and rattled global markets. The row has also taken its toll on businesses from Germany and other European countries that are operating in China, Altmaier was quoted by state media as saying. The 9-month trade dispute between Beijing and Washington has disrupted supply chains, upset global markets and involved both...
  • News Summary-Intelligence Report Friday 4/26-Saturday 4/27/2019

    04/27/2019 2:48:37 AM PDT · by Nextrush · 2 replies
    Nextrush Free ^ | 4/26/2019 | Nextrush/Self
    15 bodies found after Sri Lankan police engaged in a gun battle in the eastern part of the country with Islamic State terrorist suspects..... A Russian woman accused of being a spy who targeted the National Rifle Association was sentenced to 18 months in prison Friday..... Some French reporters in trouble for "compromising national secrets". That's because they revealed information on French weapons being used in the Saudi-led war against Shia Muslim Houthi rebels in Yemen..... Week 24 of the Yellow Vests protests in France Saturday following President Emmanuel Macron's Thursday announcement of measures seen as a response to the...
  • US, EU rightly anxious over budding Italy-China relationship

    03/31/2019 3:42:01 PM PDT · by CondoleezzaProtege · 4 replies
    The Hill ^ | Mar 28, 2019 | Meg Lundsager
    The Italian fanfare over Chinese President Xi Jinping’s recent visit illustrates how anxious Prime Minister Giuseppe Conte is to bolster the Italian economy by welcoming China’s Belt and Road Initiative (BRI) into Italy. He expects these Chinese commitments to translate into real investment that will generate jobs and boost exports to China. Importantly, by restoring Italy’s ancient role as the gateway to and from Asia, Chinese investment can improve transport within Italy and on to Europe, adding to Italy’s services economy as well. Italian and Chinese entities signed several agreements committing to future financing, trade, joint construction projects and cooperation...
  • John Bolton unveils new Africa strategy based on "America First" principles

    12/20/2018 11:10:47 PM PST · by aquila48 · 27 replies
    Ambassador John Bolton, the President's national security adviser, unveiled the strategy in remarks delivered at the Heritage Foundation, a conservative think tank in Washington, D.C. "Under our new Africa strategy, we will target U.S. funding toward key countries and particular strategic objectives," Bolton said. "We will make certain that all aid to the region—whether for security, humanitarian, or development needs—advances U.S. interests," Bolton said. Currently, the U.S. sends more than $8 billion annually to African countries, though Bolton, citing a "longstanding pattern of aid without effect," indicated that amount may soon be slashed. "Unfortunately, billions upon billions of U.S. taxpayer...
  • China, Pakistan have secret plan to build new fighter jets: Report

    12/19/2018 9:30:48 PM PST · by sukhoi-30mki · 10 replies
    The Week, India ^ | December 20, 2018
    In a development that is expected to cause diplomatic ripples, the New York Times reported on Wednesday China and Pakistan have a “confidential plan” to jointly build a new generation of fighter aircraft and other weapons as part of Beijing's Belt and Road Initiative. The report by Maria Abi-Habib in the New York Times is significant as it challenges China's frequent assertions that the Belt and Road Initiative (also known as One Belt, One Road) is a purely commercial venture with peaceful purposes. Pakistan plays a key role in the Belt and Road Initiative, having received nearly $62 billion in...