Tag: One Belt One Road

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Switzerland to support China’s Belt and Road initiative

Switzerland will support China's Belt and Road Initiative as President Ueli Maurer visits China during April. This will ensure ties with a major trading partner as other Western countries view the gigantic project with scepticism. The Swiss government said that the aim is to enhance cooperation on trade, investment and project financing in third markets along the Belt and Road Initiative.

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Italy supports China’s ‘Belt and Road’ initiative

Italy joined China's 'Belt and Road' initiative on March 23, and became the first major Western power to support this initiative, in an attempt to help revive the Italian economy which faces troubles. The agreement was signed during a trip of the Chinese President Xi Jinping to Italy. Leveraging this occasion, Italian companies signed agreements with Chine firms, amounting a total of 2.5 billion euros ($2.8 billion).

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China sets eyes on Djibouti’s Doraleh Container Terminal

China Merchants Port Holdings aims to strengthen its control on a container terminal in Djibouti, East Africa. The port operator will reset operations and infrastructure at Djibouti’s Doraleh Container Terminal, which is vital to China's attempt to control seagoing trade lanes between Asia and Europe. However, Djibouti does not plan to give control of its maritime assets to Chinese state port operators.

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