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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.
- Balkan nation, a close ally of Beijing in recent years, is the first confirmed stop on the Chinese president’s first post-pandemic trip to Europe
- Development follows landmark free-trade deal between two countries that strongly back each other’s positions on Taiwan and Kosovo
Former premier Li Keqiang died in October, while the Belt and Road Forum for International Cooperation took place and China confirmed its economy grew by 4.9 per cent in the third quarter, year on year.
China needs neighbouring Afghanistan to remain relatively stable, and sees the Taliban as providing that option, while invites to China-led forums such as the belt and road summit are a ‘low-cost way to signal support’, observers say.
With export controls already put in place by the West over semiconductors and other necessary components for the development of its tech industry, China is making strides in finding other paths to keep up supplies of the minerals it needs to produce and innovate at scale.
In this issue of the Global Impact newsletter, we look back at the third Belt and Road Forum for International Cooperation, which marked the 10th anniversary of the initiative.
CEO Andrey Kostin expects to see broader use of China’s yuan in the global financial system to help offset the impact of international backlash following Russia’s invasion of Ukraine.
Economic cooperation between the neighbours continues to be ramped up as poor ties with Western countries and the war in Ukraine have restricted trade and stalled supply chains.
Chinese president also says Beijing is willing to work with Arab countries for ‘comprehensive, just, and lasting solution’ to the crisis.
Despite efforts from the European Union to unite the continent in moving its economies away from China, Serbia has signed a major free-trade agreement and cemented bilateral ties even further.
Zhang Youxia, China’s most senior military officer, met Serbia’s defence chief in a sign that the country’s military diplomacy could be normalising.
China’s president unveils a vision for the infrastructure strategy that could help other countries overcome Western restrictions.
The Chinese leader pledged the equivalent of US$107 billion over the next five years, matching a commitment given over the same timescale in 2017.
Belt and road forum marked 10 years of a strategy that has been criticised by many developed economies. Reactions have been divided, with focus on China’s embrace of Russia’s Putin
At the high-profile Belt and Road Forum for International Cooperation, the leaders of China and Russia put forward complementary blueprints for the future of infrastructure development in Eurasia.
Chinese President Xi Jinping vows to defend ‘fairness and justice’ as he and Russian leader meet for first time since start of Israel-Hamas war, while Putin says ‘external factors’ and ‘common threats’ will strengthen Moscow’s ties with Beijing.
The Global AI Governance Initiative was announced a day after the US’ latest ban seeking to restrict China’s access to advanced chips and chipmaking tools.
Xi announced an eight-point vision for the infrastructure scheme, including funding and green development pledges.
Addressing hundreds of business representatives at a belt and road conference on Tuesday, Vice-Premier He Lifeng calls for greater investments in big data, AI, e-commerce and new energy.
