One Belt One Road

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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.

Khalifa Port welcomes two of the world’s largest mega-vessels

CSP Abu Dhabi Terminal at Khalifa Port has received two of the world’s largest mega-vessels within less than a month. The two COSCO-owned ships, ‘SOLAR’ and ‘PISCES’, are the third and fourth main line vessels to pass through CSP Abu Dhabi Terminal.

Marine insurance blockchain tech sees another participant

Insurwave Limited, a marine insurance blockchain joint venture company from EY and Guardtime, announced a new agreement with Zhuhai Port Holdings Group to collaborate on the development of frictionless trade processes across China’s Greater Bay Area, and onward into international supply chains.

Greek and Chinese experts applaud Belt and Road initiative

According to Xinhua, experts in Greece praised the development the Port of Piraeus is experiencing, under the China-proposed Belt and Road Initiative (BRI) during a two-day seminar. The event was a joint initiative by the Aikaterini Laskaridis Foundation in Greece and the Tsinghua University in China.

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