One Belt One Road

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Sri Lanka wishes to undo deal lease port to China

The new Government of Sri Lanka announced that it is keen to cancel its participation in China’s Belt and Road Initiative, cancelling the previous’ government’s move to lease the southern port of Hambantota to state-backed China Merchants.

China inks 197 Belt and Road deals by Oct. 2019

By the end of October 2019, China has inked 197 Cooperation documents on Belt & Road Construction with 137 Countries and 30 International organisations, highlighting the progress of the shipping industry in terms of trade relations.

New report shows increase in investment attractiveness of BRI countries

Deloitte and the Shanghai Municipal Commission of Commerce jointly issued the second Belt and Road Countries Investment Index Report, highlighting the latest trends in Belt and Road Initiative (BRI) investment during 2017-18, and presenting the latest hotspots and changes in BRI countries and areas through comparative analysis.

Belt and Road initiative to get big data risk monitoring platform

Powerbridge Technologies launched Powerbridge Big Data Risk Monitoring Platform at Nanning Customs. The latter is considered crucial for the Belt and Road gateway along China’s southwestern border. Powerbridge Big Data Risk Monitoring Platform enables the customs agency to effectively and efficiently monitor and manage, in real time, various regulatory and operational risks, regarding cross-border customs declarations.

China’s trade with Belt and Road countries reaches US$617 billion

China’s trade with countries participating in the Belt and Road Initiative marked a robust growth in the first half of this year, according to data provided by the General Administration of Customs (GAC), on Friday. Chinese trade with BRI countries totaled 4.24 trillion yuan (= USD 617.5 billion) during this period.

Watch: The Belt and Road Initiative explained

CNBC International’s Xin En Lee addresses the Belt and Road Initiative, which she comments marks a huge change in China’s foreign policy. Generally, the Belt and Road Initiative was firstly announced by Chinese President, Xi Jinping in 2013. Its aim is to strengthen trade, infrastructure and investment relations, between China and an estimated 65 other countries. 

Belt and Road initiative to become greener

According to the World Economic Forum, lenders and investors who finance infrastructure projects in the Belt and Road region, hold a great responsibility for the global climate future. Yet, some of them are not aware of the impact they’re generating, still investing in ‘brown’ projects, due to the fact that GHG emissions are still not unregulated in most developing countries and also, as carbon pricing mechanisms are not in place.

Chinese foreign trade marks a 4.1% growth

China’s foreign trade recorded a steady growth in the first five months of 2019, in spite of increasing uncertainties. Namely, China’s foreign trade of goods grew by 4.1% year on year in the first five months of 2019, reaching 12.1 trillion yuan, according to data from the General Administration of Customs.

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