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Belt and Road: 2019 Forumi

The initiative spearheaded by the Chinese government and endorsed by President Xi Jinping in late 2013 aims to improve trade and economic integration across Asia, Europe, and Africa.

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  • Senegal is the latest country to move its government data to a centre built by the Chinese telecoms giant
  • The company, which has been blacklisted by the US and other Western nations, is currently working on 25 projects across Africa

President Xi Jinping told the second Belt and Road Forum in Beijing in April this year that infrastructure projects built under the BRI must be green and sustainable.

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China’s commitment to adopt key elements of financial practices used by World Bank and IMF to ensure projects’ debt sustainability will lead to more lending opportunities in countries covered by belt and road, says banker.

Amid growing criticism of his belt and road plan, Chinese president says he wants it to be ‘anchored by international standards and norms’, but Beijing’s big promises are nothing new, analysts say.

Secretary for Commerce and Economic Development Edward Yau says there is little confidence things can return to how they were, ‘as if nothing had happened’.

The Southeast Asian nation signed at least nine deals with China last week on the sidelines of the second Belt and Road Forum, but some analysts say it is likely political obedience to China will include military access.

Russia’s agreement with Chinese state-owned oil companies to develop natural gas in the Arctic Circle could provide an alternative source for China’s energy needs

Speaking on the sidelines of last week’s forum, the country’s investment minister says he finds Beijing’s openness to feedback ‘highly encouraging’.

On the sidelines of the Belt and Road Forum, Malaysian companies promoted home-grown durian chocolates, mooncakes and more ahead of expected new rules allowing them to sell whole, frozen durians to China.

Chinese president vows to stick to international rules and standards, as joint statement emphasises financial sustainability, pollution control and anti-corruption efforts.

Belt and Road Forum lacked a clear schedule and sufficient content, some attendees complain, while tight media control made it difficult for China to project openness – a theme at the event.

Darell Leiking says uncertainty created by conflict has caused shift in region’s supply chain that ‘has already impacted the world for five to 10 years’.

The Chinese authorities hope that the Beijing International Horticultural Exhibition will not only draw millions of visitors but also help its diplomatic efforts.