Guangzhou launches China-Europe cargo train service to Russia
August 28, 2016
- A cargo train left south China’s Guangzhou City for Vorsino, Kaluga Region (113 miles south-west from Moscow) on Aug. 28 , China’s Xinhua reported. “It is the latest freight train route China has launched to boost trade ties along the ancient Silk Road,” the agency reports. “The train will travel 11,500 km over 14 days before reaching its destination. Its cargo includes garments, shoes, hats, cloth, lamps and lanterns, electrical appliances, and electronics.”
Ukraine to reduce cargo transportation tariffs on Silk Road
- The Ukrainian Ministry of Infrastructure is taking measures to reduce the tariffs for the transportation of goods on China-Ukraine-European Union route within the “Silk Road” project. The corresponding agreement was reached by Ukraine and China after negotiations between government delegations and signing of the subcommittee protocol on trade and economic cooperation. Ukraine and China have agreed to apply the mechanisms of public-private partnerships for infrastructure projects in Ukraine. China has proposed the use “Silk Road” fund for financing such projects.
Myanmar to support Silk Road, BCIM
August 20, 2016
- Myanmar’s State Counsellor Aung San Suu Kyi concluded her visit to China after embarking on a tough balancing act — of seeking Beijing’s support for her country’s infrastructure projects while taking into consideration the demands of environmental groups back home, who oppose such foreign-backed initiatives. During the visit, media attention remained largely fixated on the Myitsone project, the controversial China-backed undertaking worth $3.6 billion stalled since 2011 on the grounds of causing extensive ecological damage.
Why China’s Plan to Build a New Silk Road Runs Through Singapore
August 14, 2016
- As the son of a man who journeyed from China to Singapore and founded a shipping business a half century ago, Teo Siong Seng sees his life as one immersed in the ancient trading networks of Asia. So the managing director of the Pacific International Lines Group is seeking to benefit as China rejuvenates its Silk Road routes to the Middle East and Europe. He is setting up a joint venture with China Cosco Shipping Corporation Ltd. to help China’s largest shipping group build connections in Southeast Asia and beyond.
China’s Huge ‘One Belt, One Road’ Initiative Is Sweeping Central Asia
July 27, 2016
- Having overbuilt in many domestic industries—such as coal, cement and even solar panels—the Chinese government is redirecting its capital abroad. The aim is to reduce excessive industrial capacity at home while increasing financial returns. U.S. policymakers ought to be watching this very closely. One of Beijing’s most ambitious foreign economic development initiatives aims to recreate the legendary Silk Road. Nicknamed One Belt One Road (OBOR), the project wields plenty of financial muscle. It launched in February 2014 with $40 billion—mostly drawn from Beijing’s bountiful foreign exchange reserves.
China’s Ambitious New Silk Road Trade Route Takes Shape in Africa
June 15, 2016
- Four years after the establishment of China’s One Belt, One Road (OBOR) initiative, investment in infrastructure projects on the African continent are beginning to gather steam. Countries in East Africa, including Kenya, Djibouti, and Tanzania, have played host to the first of China’s projects under the broader OBOR investment plan. While the initiative has been viewed by many as a demonstration of President Xi Jinping’s increasingly assertive foreign policy, it is in fact part of China’s “peaceful development” foreign policy agenda.
Europe, Too, Is Building New Cities Along The ‘New Silk Road’
- “We had to start everything from the beginning in this place,” said Krzysztof Iwaniuk, the mayor of Terespol Municipality (Gmina Terespol) in the far east of Poland. I looked out from his office windows at green fields which rolled off into the distance. There was nothing out there but grass and trees and a hill, but this is set to change very soon. A new city will be built here. Situated on the border of Poland and Belarus, Terespol Municipality sits on the crux of the EU of Europe and the CIS of Central Asia and Russia. This prime geopolitical position has led to the place becoming a key junction on the Silk Road Economic Belt, an international initiative to build up and link together land and sea ports, special economic zones, industrial corridors, and cities from the coast of China to Rotterdam.
Cambodia Positions Itself Along New Silk Road
June 27, 2016
- The ancient Silk Road sprawled across tens of thousands of kilometers, reaching east to west from Japan to Venice and passing through five seas. Together, the road and maritime trade routes linked more than 40 countries throughout Asia, Europe and Africa, fostering early globalization. “They are the arteries and veins that carried goods, ideas, travellers and even disease for thousands of years,” said Peter Frankopan, a historian at Oxford University and the author of “The Silk Roads: A New History of the World.”
Xi’s state visit to Poland to promote Belt and Road construction, cement ties with CEE
June 18, 2016
- CHINESE President Xi Jinping’s state visit to Poland from Sunday to Tuesday is expected to boost the traditional friendship between the two countries. Poland, which is an important hub on China’s Belt and Road Initiative, is the second leg of Xi’s three-stop visit. Xi will meet with Polish leaders, and together they will attend a signing ceremony of cooperative treaties, an international forum on the Silk Road Economic Zone, the opening ceremony of a China-Poland trade forum, and welcome the arrival of freight trains that will ply between China and Europe.
China’s Ambitious New ‘Silk Road’ Trade Route Takes Shape in Africa
June 16, 2016
- Four years and hundreds of billions of dollars later, China’s ambitious global trading strategy known as the “New Maritime Silk Road,” or “One Belt, One Road” (OBOR), is now coming to life, particularly in parts of East Africa where major infrastructure and defense projects are being built. New ports in Tanzania, rail lines in Kenya, naval facilities in Djibouti, and industrial zones along the Suez canal in Egypt are all intended to support this massive new trade network that President Xi Jinping hopes will become a key pillar of his foreign policy agenda.
China Sees Qatar as Key Partner in New Silk Road Initiative
Jun 05, 2016
- China is eyeing Qatar as one of its key partners in completing the New Silk Road, with some reports noting that the Asian giant is also targeting better ties with the Middle Eastern country. In May, Chinese Foreign Minister Wang Yi told the Xinhua News Agency that Qatar is a major contributor to the completion of President Xi Jinping’s “Belt and Road” initiative.
China, Georgia eye greater cooperation on Silk Road Economic Belt initiative
- China and Georgia agreed here on Friday to conduct deeper cooperation on China’s initiatives of building Silk Road Economic Belt, vowing to speed up FTA negotiation. The consensus was reached during Chinese Vice Premier Zhang Gaoli’s respective meetings with president and prime minister of the Transcaucasian country.
Belt and Road to Benefit from China’s 30 Additional Beidou Satellites
May 22, 2016
- By the end of 2020, China is set to launch around 30 additional satellites for the country’s Beidou Navigation Satellite System. A senior project official said that the aggressive effort aims to create a network of ground augmentation stations to improve the accuracy and coverage of the Beidou system. “About 18 of those satellites will be launched before 2018 to enable the system to cover nations involved in the Belt and Road initiative,” said Director Ran Chengqi of the China Satellite Navigation Office. Once fully functional, the satellites would allow Beidou to achieve worldwide coverage.
Pakistan Promises Better Security for Economic Corridor with China
- The Pakistani military has reaffirmed its commitment to providing security for regions along the China-Pakistan Economic Corridor, or CPEC. This comes as the Pakistani Army Chief General Raheel Sharif visits Beijing, where he has already met with Chinese Premier Li Keqiang and Vice Chairman of China’s Central Military Commission, Fan Changlong.
Golden Opportunity: Baltic States Jumping on China’s Silk Road Bandwagon
- China is strengthening its economic ties with Central and Eastern European (CEE) countries as part of its ambitious New Silk Road project. The first summit that brought together transport ministers from 16 Central and European (CEE) countries and China — the so-called 16+1 format — took place in Riga, Latvia, on May, 16-17.
Afghanistan Follows the Silk Road, Backs Beijing in South China Sea
- Afghanistan’s Chief Executive Abdullah Abdullah has backed China’s position over the South China Sea in the course of his visit to Beijing, China’s Foreign Ministry stated on Monday. “Our Afghan counterparts expressed their gratitude for China’s long-term support over the years, and also said they support China’s position on the South China Sea issue and support China’s efforts to resolve the South China Sea issue through bilateral channels and through peaceful means such as negotiation and consultation,” a Foreign Ministry spokesman said following talks between Abdullah and Chinese Premier Li Keqiang, AP reported.
“Experience western China” event brings new Silk Road to Italy
- The event “Experience western China” kicked off in Italy’s Milan on Sunday to help people know more about China, especially the northwestern part of the country. The event, co-organized by the State Council Information Office of China, China’s Embassy in Italy and China’s Consulate in Milan, started with an ethnic dance and song show held in the Italian northern city.
Chinese FM: Qatar a key partner to promote ‘Belt and Road’ initiative
- Chinese Foreign Minister Wang Yi has welcomed Qatar as a key partner to promote the ‘Belt and Road’ initiative. He made the remarks in Doha while meeting with Qatar’s head of state, Emir Tamim Bin Hamad Al Thani. During the talks, Wang said the “Belt and Road” initiative shares common cooperative opportunities with Qatar’s National Vision 2030, a roadmap for future development launched by the Qatari government in 2008. The Qatari emir said his country appreciates China’s cooperation, and pledged to support China on sovereignty-related issues.
Gwadar Port Project Reveals China’s Regional Power Play
May 2 2016
- A 30-by-45-foot Chinese flag draping the port authority building here projects an unmistakable message: Pakistan and China are now self-declared “iron brothers” and “all-weather friends.” Underpinning this relationship are some $46 billion in Chinese investments and loans to build energy and infrastructure projects that will be part of the so-called China-Pakistan Economic Corridor.
Chabahar port to harbor Chinese industrial town
Apr 27, 2016
- The Iranian city of Chabahar is all set to host a Chinese-built industrial town as part of China’s role to develop Iran’s sole ocean port. A technical team of CMI of China visited Chabahar in Iran’s southeastern province of Sistan-Baluchestan on Tuesday for the launch of the Chinese industrial town project, according to IRNA.
Sri Lanka backs China’s One Road, One Belt plan
- Sri Lanka’s Prime Minister Ranil Wickremesinghe concluded his first official visit to China and returned to his country last week bearing a Chinese hamper of goodies, including a friendly grant of 500 million yuan along with a pledge for more Chinese investments in the island nation. During his four-day visit, he gave his word to Chinese Prime Minister Li Keqiang to join their ‘one road, one belt’ initiative while looking at promoting Sri Lanka as a trade hub in the Indian Ocean. Speaking to media in Beijing, he said: “Our aim is to make Sri Lanka an economic hub of the Indian Ocean and we are ready to seek more economic cooperation with China.”
Iran Says Ready to Contribute to China-Pakistan Economic Corridor
April, 17, 2016
- Iran’s Ambassador to Pakistan Mehdi Honardoost said the Islamic Republic is prepared to become part of China-Pakistan Economic Corridor (CPEC), an ambitious investment plan linking western China to the Arabian Sea. The Iranian ambassador described Tehran-Islamabad relations as brotherly and age-old, saying, “Iran is a time tested friend of Pakistan.”
China’s Gwadar Port Nears Completion
- Chinese and Pakistani officials say that the expansion of the deepwater port at Gwadar, Pakistan is approaching completion, and that the port will see traffic totaling to one million tons in 2017. The tonnage would represent a small fraction of the business at most seaports, and only a few tenths of a percentage point of Gwadar’s planned capacity – but nonetheless it marks an important milestone in the extensive Chinese plans for infrastructure investments in the region.
China Reviews One Year Progress of Belt and Road Initiative
- A new review is suggesting the Chinese government’s “Belt and Road” initiative has made progress over the past year. Stats from countries officially involved in the Chinese program show the total volume of bilateral trade those countries and China hit 995 billion U.S. dollars last year. That makes up around one-quarter of all of China’s overall trade volume.
China develops continent-spanning railroad to Europe: Kemp
Apr 8, 2016
- China is pioneering a trans-continental rail service carrying cargo between the Far East and Western Europe with the aim of capturing some of the freight which currently moves by sea and air. China has the financial resources and the economic incentive to build a major transcontinental railroad service within the next 5-10 years, and the project has strong political backing from top leaders for economic and strategic reasons.
First freight train links China’s Wuhan, France
- A direct freight train linking Wuhan in central China and Lyons in France began operation on Wednesday. The train, loaded with mechanical, electronic and chemical products, will exit China through Alataw Pass in Xinjiang, the westmost Chinese region, and pass through Kazakhstan, Russia, Belarus, Poland and Germany before reaching its destination. It will take 16 days to complete the 11,300-kilometer journey, slashing the usual 50 to 60 days to transport from Wuhan to France by sea.
China to export electricity along the New Silk Road
April 5, 2016
- In tune with its One Belt, One Road initiative, China is positioning itself as a formidable energy exporter, targeting markets that span from Germany to India along the New Silk Road. Two factors are driving Beijing’s ambitions of emerging as a regional electric supply hub. First, China is already a surplus power producer following a decade of continuous investments at home in all forms of energy. Since 2004, when it suffered chronic outages that threatened to restrain its manufacturing, the Chinese went into overdrive, investing heavily in hydro and coal-fired plants, apart from escalating development of nuclear and renewable energy.
Oman ready to join in China’s Belt and Road initiative
- Deputy Chairman of the State Council of Oman Al Khattab bin Ghalib al-Hina’ei said here Saturday that Oman is ready to join in China’s Belt and Road initiative while meeting with the Chinese NPC delegation. At the invitation of Oman-China Friendship Association Arken Imirbaki, Arken Imirbaki, vice chairman of the Standing Committee of China’s National People’s Congress and President of China-Arab Friendship Association, ended a four-day friendly visit to Oman.
Asia-Pacific Report: China’s regional development strategy holds opportunities for Canadian companies
- More than two years after China announced a massive regional economic development strategy that it dubbed “One Belt, One Road”, awareness of the plan remains low in the West, including in Canada, which means B.C. investors may be missing out on opportunities. That is the conclusion of one Chinese scholar who spent much of last year in Vancouver as a visiting professor at UBC’s Institute of Asian Research.
China closely works with Pakistan to implement CPEC
March 19, 2016
- Chinese Ambassador Sun Weidong on Friday said that his country was closely working with Pakistan to implement economic corridor project that will bring socio-economic benefits to the people across the board. Highlighting the significance of this gigantic project at a booking launching ceremony held here, he said it was a unique project in Pakistan-China relationship that is meant to improve the living conditions of the people. The CPEC is a huge project and it will be a source of rapid development in all regions of Pakistan. The function was arranged by the Institute of Strategic Studies, Islamabad (ISSI) for introduction of the book ‘China’s Stories, China’s Success- How China transformed itslef in the past 40 Years’ written by S.M.Hali. Those who also spoke on the occasion included Senator Mushahid Hussain Sayed and Masood Khan, Director General, ISSI. Ahsan Iqbal Minister of Planning, National Reforms and Development was the chief guest on the occasion.
‘New Silk Road’ oil refining dominance emerging
March 17 2016
- The might of oil refiners along the New Silk Road — stretching from Beijing to Lagos — is gaining influence, especially as European suppliers shrink back after more than a century of dominance. China is by far the refining behemoth along the New Silk Road, closely followed by a highly competitive India and an increasingly well-equipped Gulf. The vast majority of the 7.1mn barrels a day (bpd) of new distillation capacity expected in 2015-2020 will be coming from the Middle East, China and the wider Asia-Pacific, according to Opec’s 2015 World Oil Outlook. China’s refining capacity is expected to reach 14.4mn bpd this year, rising by 1.3% on last year, thanks to ‘teapot’ refiners in China’s eastern provinces. A wave of excess refined products — notably diesel, kerosene and gasoline — is piling pressure on Asian refining margins, especially since the second half of 2015. China is now allowed to export 1.8mn bpd of diesel — double the 2015 figure. China’s influence on exports could deepen if domestic demand weakens and storage becomes limited, enabling Beijing to offer highly competitive pricing and rival exports from the Gulf and India, for example.
Hong Kong Looks to Key Role in China’s New Silk Road
March 11, 2016
- Hong Kong leaders say they want their city to play a vital role in China’s plan for a 21st century new Silk Road over land and sea, linking Asia, the Middle East, Europe and Africa. In an interview with VOA this week, Regina Ip, legislator and chair of the Beijing friendly New People’s Party, said Hong Kong’s ties to mainland China and it’s neighbors make it an ideal gateway for the Silk Road strategy. “We have a lot of overseas Chinese associations in Hong Kong. You know in the Philippines, 99 percent of the Chinese are [originally from China’s Fujian province], and we have one million Fujianese in Hong Kong,” she said. “So we are well connected with Asian business communities, as well as with overseas Chinese.”
China’s Developing Silk Road Trade Relations with SAARC
March 11, 2016
- One aspect of the proposed China Silk Road that is not often factored into the route is that of India, and especially the South Asian Association for Regional Cooperation (SAARC) trade bloc. In fact, SAARC has long been of high interest and importance to the Chinese, who tried to join a few years ago and were rebuffed. SAARC’s members, which essentially comprise the entire Indian sub-continent, include India, Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka. The body also includes, as observers, Australia, China, the European Union, Iran, Japan, Mauritius, Myanmar, South Korea and the United States. South Africa has also participated unofficially in meetings, which must have generated some interesting side-line conversations about cricketing ties.
China plans 30 nuclear power plants along Silk Route
- China has set a target of building around 30 nuclear power units in countries along the Belt and Road Initiative routes by 2030, according to Sun Qin, president of China National Nuclear Corp. He said 70 countries in total are already planning or developing their own nuclear power projects, and it is estimated 130 more nuclear power units will have been built by 2020.
China is spending nearly $1 trillion to rebuild the Silk Road
March 2, 2016
- Two weeks ago, a 32-container train from Wuyi, China arrived in Tehran, Iran. You might think the arrival of cargo by rail would be no big deal, but in this case you’d be wrong. This was the first journey of its kind between the two cities, and it shortened the typical ship-based travel time by 30 days. This new connection is among the first visible signs of a massive trade network that China is currently constructing across Eurasia. The Silk Route is being rebuilt.
Belt and Road Initiative in Its Early Stage Has Already Contributed to Economic Growth
Feb 24, 2016
- The Belt and Road Initiative has only been around for over two years, but it has already paved the way for regional connectivity and cooperation in 35 countries and regions, a top Chinese commerce official said on Tuesday, Feb. 23, China Daily reported. The Belt and Road Initiative is also known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives. Proposed by China in 2013, the initiative’s main purpose is to improve cooperation between African, European and Asian countries.
China vows win-win cooperation between OBOR, Juncker plan
- China vowed to take efforts with Europe to make the synergies between the country’s ambitious One Belt One Road (OBOR) initiative and the EU’s (European Union) 315-billion-euro investment plan a win-win cooperation. “It is highly encouraging that China and the EU are getting to grips with the enormous possibilities and opportunities presented by the One Belt One Road initiative,” Yang Yanyi, head of Chinese Mission to the EU, told Xinhua.
China’s Silk Road revival steams ahead as cargo train arrives in Iran
15 February 2016
- A long-distance cargo train has travelled from China to Iran as part of an attempted revival of the ancient Silk Road, a trans-Asian trade route connecting the east to Europe and the Mediterranean Sea. The 32-container train, which arrived in Tehran on Monday, took 14 days to complete the 6,462 mile (10,399km) journey from China’s eastern Zhejiang province through Kazakhstan and Turkmenistan – one month less than the sea route from Shanghai to the Iranian port of Bandar Abbas.
Djibouti, Myanmar and Sri Lanka anchor China’s Maritime Silk Road
February 15, 2016
- China says it is establishing naval “support facilities” in Djibouti, which has the ambition of emerging as another Singapore, leveraging its position at the intersection of busy shipping lanes. A military base in Djibouti along with major port development projects in Myanmar and Sri Lanka are defining the contours of China’s Maritime Silk Road—an oceanic connectivity project, of which, the Indian Ocean is the core.
First test train China-Kazakhstan-Turkmenistan-Iran launched
11 February 2016
- The first similar container train launched on the China-Kazakhstan-Turkmenistan-Iran railway route proceeded from Turkmenistan to Iran, RIA Novosti reported Feb. 11. The test journey is conducted for adjusting the regular transportation on this new railway route. The train loaded with various goods left from the Chinese city of Iu at the end of January, passed the distance of 7,908 kilometers, crossed the territory of Kazakhstan and reached the Turkmen railway station of Serkhetyak (Border).
China’s trade with Maritime Silk Road countries rises 18 pct annually
- China’s trade with countries along the Maritime Silk Road grew by an average of 18.2 percent annually over the past decade, accounting for 20 percent of the country’s total foreign trade volume from the 14.6 percent ten years ago. During the same time frame, Chinese companies’ direct investment in these countries increased from 240 million U.S. dollars to 9.27 billion U.S. dollars, representing annual growth of 44 percent, according to figures from the State Oceanic Administration (SOA).
Georgia to build $2.5-bln Black Sea port on China’s Silk Road
February 10, 2016
- Georgia on Monday announced plans to build a new deep-water Black Sea port in a US$2.5-billion project that aims to boost trade between China and Europe along the historic Silk Road route. Prime Minister Giorgi Kvirikashvili said the ex-Soviet country had awarded the contract to build the port to a joint venture called Anaklia Development Consortium, made up of Georgia’s TBC Holding and US-based Conti International.
New Silk Road: Chinese Cargo Train arrives in Russia
06 February 2016
- The very first freight train arrived to Russia’s Kaluga Region from China as part of the Beijing-led New Silk Road infrastructural project, according to the official website of the Kaluga Region. The Chinese-led $900-billion New Silk Road infrastructural project is supposed to connect East Asia, the Middle East, Europe and even Africa. Russia would also play a major part in the construction of the future major project. The train that arrived from China to the Kaluga Region is a test drive of a large scale trade volume of between the two countries.
Pakistan to Deploy Special Troops to Protect China-Pakistan Corridor
Feb 04, 2016
- Syed Tariq Fatemi, a visiting senior Pakistani diplomat, announced on Wednesday, Feb. 3, that Islamabad will help protect the China-Pakistan Economic Corridor by setting up a special force of 10,000 troops, according to a report by China Daily. The move, according to Fatemi, is an answer toward China’s security concerns over the increasing number of Chinese people involved in projects in the country.
‘Silk Road’ train departs China for Iran
Jan 29, 2016
- China has flagged off its first direct freight train to Iran from the trading hub of Yiwu in what is seen as the groundbreaking initiative to get Beijing’s ambitious New Silk Road connectivity project off the ground. The train that set off on Thursday is the first regular container train linking China to the Middle East. It will cover a journey of 10,399 km in its maiden journey to West Asia in14 days.
First cargo on new ‘Silk Road’ from Ukraine to China crosses Azerbaijan
Jan. 24, 2016
- The transport link to Asia is an alternative to existing routes though Russia, which were closed after Moscow imposed a ban on any goods from Ukraine, regardless of their final destination. The test shipment departed the Azerbaijani capital Baku for Kazakhstan on January 23. The freight left Ukraine’s Illichivsk port eight days earlier, before crossing the Black and Caspian Seas via Georgia.
China, Egypt agree to boost cooperation under Belt and Road Initiative
- China and Egypt agreed on Thursday to expand cooperation under the Belt and Road Initiative during Chinese President Xi Jinping’s state visit to the North African country. During their talks at the Quba Palace in the morning, Xi, who first proposed the initiative in 2013, and his Egyptian counterpart, Abdel-Fattah al-Sisi, reached extensive consensus on jointly carrying out the Belt and Road Initiative. Xi proposed that the two countries work together to build the Arab nation into a pivot of the Belt and Road, which comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
Hong Kong banking on a big role in financing China’s One Belt, One Road plan linking Asia to Europe and the Middle East
19 January, 2016
- Hong Kong’s biggest banks and private equity players are moving fast to position their strategies to capture infrastructure financing opportunities that will emerge under China’s ‘Belt and Road’ initiative that is estimated to create a US$8.5 trillion market in the coming decade. “Hong Kong will have an important role to play – not just as an intermediary,” said Laura Cha, chairwoman of the Financial Services Development Council, which expects the initiative to generate US$780 billion of transactions a year.
China’s Exim bank funded more than 1,000 projects for New Silk Road last year
January 14, 2016
- The Export-Import Bank of China (China Exim Bank) last year financed more than 1,000 projects in 49 countries involved in the so-called Belt and Road or New Silk Road initiative in 2015, reported state news agency Xinhua. The government-backed policy bank saw loans increase 46% to 520 billion yuan ($80 billion) during 2015. In addition, investments by Chinese business grew 35% to $14.01 billion, during the first 11 months of 2015.
Sri Lanka to allow Chinese port city project after delay
Jan 12, 2016
- Sri Lanka is to go ahead with a $1.4 billion Chinese-backed real estate project after some changes to its terms, a minister said on Tuesday, signalling readiness to accept more Chinese investment in the face of a balance-of-payment crisis. President Maithripala Sirisena’s new government suspended the project, which includes apartments, shopping malls, a water sports area, a golf course, hotels and marinas next to Colombo’s main port, in March last year citing various irregularities including a lack of proper permits and approvals.
Silk Road Economic Belt making progress in Eurasia
- China’s Ministry of Commerce says the Silk Road Economic Belt initiative is making progress in Eurasia, helping to coordinate policies and financing. Spokesman Shen Danyang says China has signed a host of cooperation agreements in the last year, concerning the Silk Road Economic Belt with eight countries in the Eurasia region.
China’s Belt and Road Initiative catches world’s imagination: Inmarsat CEO
Jan 07, 2016
- China’s Belt and Road Initiative is an idea that has caught the imagination of the world, said Inmarsat’s CEO Rupert Pearce in a recent interview with Xinhua. The initiative offers the opportunity to build greater cooperation across Asia and Europe and to deliver unprecedented prosperity in some of the world’s most populous and economically dynamic regions, Pearce told Xinhua.
Sri Lanka says all Chinese infrastructure deals to go ahead
Dec 17, 2015
- Sri Lanka’s government said on Thursday it would go ahead with billions of dollars’ worth of Chinese projects, almost a year after declaring it would cancel them because of corruption and overpricing. The government of President Maithripala Sirisena, elected in January, had suspended many of the projects that critics have described as sweetheart deals between China and the previous administration.Rajitha Senaratne, a government minister and spokesman for the cabinet, said the projects cannot be scrapped because the contracts are binding, even though there was no competitive bidding and some projects went against the advice of experts.
China seeking to link Iran to its New Silk Road
- Iran is arguably one of China’s closest partners in the Middle East. And with economic sanctions on Tehran set to be eased, DW examines China’s latest proposal to integrate Iran into its New Silk Road Initiative.
Georgia welcomes first Silk Road cargo train from China
- The first container cargo train from China’s eastern port city of Lianyungang en route to Turkey’s Istanbul on Sunday arrived in Georgia’s capital of Tbilisi. “This is a really historic day,” Georgia’s Prime Minister Irakli Garibashvili said at a welcoming ceremony in Tbilisi, adding that cooperation of countries along the Silk Road will make it possible to deliver cargo from China to Europe faster and cheaper.
UAE and China ‘to work to restore Silk Road trading route’
13 December 2015
- The UAE aims to restore the ancient Silk Road connecting the Middle East with Asia, it announced as Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, Sheikh Mohamed bin Zayed Al Nahyan, arrived in China for an official visit this week. Sheikh Mohamed arrived in Beijing on Sunday for a three-day visit at the invitation of China’s President Xi Jinping. He will attend a series of meetings intended to promote friendly bilateral relations between the countries, and discuss issues of regional and international importance, according to state news agency WAM.
Sri Lanka’s stalled Colombo port city back on track
December 11, 2015
- Sri Lanka’s is all set for the Chinese-built port city project to commence work soon, a media report said. “We have given all the necessary clearances. Now it is up to the investors to sort out the minor details,” Ravi Karunanayake, Sri Lanka’s finance minister told the South China Post newspaper. “On our part, the government is happy with the environmental impact assessment report for the project. It is now under public consultation,” he said.
China, Azerbaijan sign deals on Silk Road cooperation
- China and Azerbaijan on Thursday signed a memorandum of understanding (MOU) on construction of the Silk Road Economic Belt. “The signing of the MOU shows that the substantial cooperation between the two countries has entered into a new stage,” Chinese President Xi Jinping told his Azeri counterpart Ilham Aliyev in talks. The two presidents also signed a joint statement on developing friendly relations of cooperation, and witnessed the signing of a series of deals in areas including trade, the judiciary, civil aviation, education, transportation and energy.
Zim roped into new Silk Road framework
5th December 2015
- Zimbabwe is among the top six African countries China has singled out for its external development programme, which will see Harare get further capital investments besides those the two nations have already agreed. This follows President Xi Jinping’s two-day State visit to Zimbabwe during which he and President Mugabe oversaw the signing of 12 major economic co-operation deals.
China’s ‘Belt and Road’ Reaches Europe
November 26, 2015
- Chinese Premier Li Keqiang hosted 16 European leaders in Suhzou on Tuesday and Wednesday, for the fourth China-Central and Eastern Europe (CEE) summit. The format, which held its first summit in 2012 in Warsaw, Poland, brings together leaders from China and 16 Central and Eastern European states: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia. While this was the fourth annual meeting in the “16+1” format, it was the first to be held in China. Chinese media described the meeting as a “golden opportunity” to deepen cooperation.
Silk Road antiques exhibition
Nov 26, 2015
- The ancient Silk Road was a historically important international trade route between China and the Mediterranean. The road was not only an economic route, but also a splendid cultural bridge linking the culture of China and other countries along the road. In northwest China’s Xi’an, an ancient city, an antique exhibition is held to show the culture of ancient Silk Road.
China, Kyrgyzstan cooperation in mineral exploration
Nov 20, 2015
- Kyrgyzstan, located along the Silk Road Economic Belt, is rich in mineral and energy resources. However, due to underinvestment and lack of technology, the country lags behind in exploring the resources. The country’s officials say they hope to attract technology and funds from other countries.
ASEAN diplomats welcome China’s One Belt, One Road initiative
16 Nov 2015
- China has stepped up efforts to sell its ambitious One Belt and One Road initiative, which aims to create multiple economic corridors spanning more than 60 countries across the world. Recently, the country invited China-based foreign diplomats to tour Fujian, Guangdong and Guangxi Provinces, together forming part of the 21st Century Maritime Silk Road that falls under the One Belt and One Road initiative.
Nine major cities of Pakistan, China to be included in CPE
November 13, 2015
- Pakistan and China have agreed to initially include nine Pakistani and two Chinese cities in the China Pakistan Economic Corridor (CPEC) project. According to official documents, Kashgar, Taxkorgan, Khunjrab, Peshawar, Islamabad, Lahore, Multan, Sukkar, Quetta, Karachi and Gwadar will initially be included in the CPEC project.
Chinese envoy says Jordan key partner in Silk Road Project Join our daily free Newsletter
- Chinese Ambassador to Jordan, Gao Yusheng, on Wednesday said that Jordan’s stability and security made it a destination for industrial and commercial investments, particularly the new Silk-Road project that will pass through about 60 countries. During a session held recently at the Economic and Social Council on the Chinese economy openness and its impact on Jordan, the ambassador said that the Silk Road Economic Belt will open a new era of global trade not only for China, but for the 60 countries it will pass through.
Pakistan hands over Gwadar FTZ to China
Nov 11, 2015
- Pakistan handed hundreds of hectares of land over to China Wednesday for development of a special economic zone in the port of Gwadar, part of a $46 billion project giving Beijing greater access to the Middle East, Africa and Europe. The government of Baluchistan province — Pakistan’s poorest — handed over about 280 hectares of a 923-hectare (2,300-acre) swathe of tax-exempt land that Beijing will develop under a 43-year lease.
ASEAN, Europe Should Participate In China’s New Silk Road Initiative, Says Perak Ruler
11 November 2015
- ASEAN and Europe should not only welcome China’s New Silk Road initiative but participate in it despite some inherent challenges and problems, says the Sultan of Perak. Sultan Nazrin Muizzuddin Shah said countries of both regions could act individually or through ASEAN and the European Union to ensure the participation is for mutual benefit and they are not at risk of being swamped by large state-owned enterprises from China.
China, Kazakhstan agree to jointly speed up silk road construction
- China and Kazakhstan agreed on Friday to establish a joint working group to promote the construction of the Silk Road Economic Belt. The agreement was reached in talks between Chinese Vice Premier Zhang Gaoli and Bakytzhan Sagintayev, visiting first deputy prime minister of Kazakhstan, an important country along the Silk Road Economic Belt.
50 overseas “Chinese corners” set up in 35 countries
- BEIJING, Nov. 3 (Xinhua) — A total of 50 overseas “Chinese corners” have been set up in 50 libraries in 35 countries worldwide, the headquarters of China’s Confucius Institute said on Tuesday. According to China Educational Publication Import & Export Corporation, which helps establish the language study, 20 of the 35 “Chinese corners” are in countries along the “Belt and Road”. Many of them have been operating for over a year.
CPEC: Pakistan and China agree on four tiers of security
November 2, 2015
- The fresh plan of providing security to Chinese nationals includes over 500 Chinese security personnel for capacity-building of the newly-raised special force as well as local police to better guard the sensitive routes surrounding the port. Islamabad: Pakistan and China have agreed on a four-layer security plan for the over 3,000km-long trade route that will connect the Gwadar port to China’s north-western Xinjiang province. “We are going for a four-layer plan for the China-Pakistan Economic Corridor (CPEC), integrated with a new security policy,” Express Tribune cited a senior security official who attended a meeting in China last month.
In A Remote Seaside Town, China Envisions A New ‘Silk Road’
October 20, 2015
- History has not been kind to the people who scratch out a living in Gwadar, on the arid coastline of the Arabian Sea. They have received a few exotic visitors over the years, including Alexander the Great’s army and marauding Portuguese explorers. For a couple of centuries, their land belonged to sultans in Oman, just across the ocean. But the world has mostly passed Gwadar by, preferring gentler and more prosperous pastures to the dust, sand and jagged mountains of what is now southwestern Pakistan.
China Ascendant: $46 Billion Spent on ‘New Silk Road’ in Central Asia
23 Oct 2015
- KHUNJERAB PASS, Pakistan — Up here on what is often referred to as the world’s highest paved border crossing, there still are not many signs that billions of dollars in investment — and goodwill — could soon flow across these peaks in the Karakorum Mountains. At an elevation of more than 15,000 feet, yaks far outnumber cargo trucks crossing over Pakistan’s border with China. And just one border agent stands guard on the Pakistan side, when he hasn’t ducked into a steel shelter to avoid wind-whipped snow.
More than 30 Countries Support China’s Silk Road Initiative
Oct 18 2015
- (Prensa Latina) The Belt and Road initiative, proposed by Chinese President Xi Jinping to bring together countries in Asia, Europe and even Africa and promote cooperation among them, is supported today by more than 30 nations. The Asian Political Parties’ Special Conference on the Silk Road just concluded in this capital with full support from participants.
- The conference, hosted by the Communist Party of China, has provided an important platform for Asian political parties to make consultations on the initiative, according to the representatives of more than 60 organizations and political parties from more than 30 countries.
Cyprus can play a part in the new ‘silk road’, says Anastasiades
16 October, 2015
- President Nicos Anastasiades has said Cyprus can play a great role in the 21st-century maritime silk road proposed by China, given its geographic position and history in shipping. Anastasiades made the remarks during an interview with Xinhua, on the sideline of the Asian Political Parties’ Special Conference on the Silk Road held by the Communist Party of China (CPC).
China’s Silk Road Takes to the Air
October 13, 2015
- On September 23, Hainan Airlines Flight HU7937 touched down in Prague’s Vaclav Havel Airport, marking the first-ever nonstop service between China and the Czech Republic, and adding yet another stepping stone to China’s “Air Silk Road.” In a statement during the opening ceremonies in the Czech capital, Hainan Airlines President Xie Haoming expressed his bright hopes for future cooperation: “With the implementation of China’s One Belt, One Road strategy, cooperation between Chinese and European aviation markets will further expand, creating many opportunities for business travel and outbound tourism between China and European countries.”
SL looks to China to buoy H’tota port
October 12, 2015
- Sri Lanka’s new leaders are banking on Chinese investments to revive the Hambantota port project. Hambantota gained notoriety as a port without ships and was the butt of opposition criticism of then Sri Lankan President Mahinda Rajapaksa.
Asian political parties to meet about Belt and Road in Beijing
- At the invitation of the Communist Party of China (CPC), members of over 50 political parties and organizations from more than 30 countries will participate in a special conference on the Silk Road Economic Belt in Beijing next week. The Asian Political Parties’ Special Conference on the Silk Road will be held from Oct. 14 to 16, the International Department of the CPC Central Committee announced on Friday. The theme of the conference will be New Vision of the Silk Road, Actions for Common Development.
Silk Road to the Future: Behind the veil of Turkey
Published on Oct 4, 2015
- The number of Chinese tourists traveling abroad has boomed in recent decades. Nowhere is that more apparent than in the countries involved in the Belt and Road Initiative. Turkey has become a new market for Chinese tourists and it’s growing fast. The number of Chinese visitors in the country has gone from a few thousand five years ago to tens of thousands today. Meanwhile, Chinese students studying in Turkey are also picking up.
Silk Road to the Future: The legacy of ancient Chinese adventurer Cheng Ho in Malaysia
Published on Oct 4, 2015
- The exploits of the 15th-Century Chinese Admiral, Zheng He, also known as Cheng Ho, reached far beyond China’s shores. The Malaysian city of Melaka is one of the places on his voyage where people can still see the legacy of the Chinese adventurer.
Indian companies ready to grab opportunities on “Belt and Road”
Published on Oct 3, 2015
- Infrastructure is a key sector for cooperation between China and India. Companies in both countries are eager to tap into the potentially huge market. In Delhi, reporter Zhang Nini visited an executive of a major Indian infrastructure company, who shared his vision of connectivity.
China to transform Xinjiang into tourism hub for Silk Road Economic Belt
02 Oct 2015
- China is set to spend millions of dollars to boost tourism development in Xinjiang before 2020, as it aims to turn the restive region into a tourism hub for the Silk Road Economic Belt.
Silk Road to the Future Promo
Published on Oct 1, 2015
‘One Belt, One Road’ initiative gathers steam
October 1, 2015
- BEIJING — If recent developments in Indonesia, Turkey and Pakistan are any indication, China’s ambitious plan to create a New Silk Road — a massive economic zone spanning Asia and the Middle East — is getting into full swing. Beijing looks set to win an order to build a new rail link in the Southeast Asian nation, and in other countries, Chinese sovereign wealth funds are stepping up investment in port construction, energy and other fields.
Xinhua Insight: Xinjiang pivotal in Silk Road revival
- URUMQI, Sept. 30 (Xinhua) — Tented camel caravans winding their way across trackless deserts and steep mountains of Central Asia might still be a picture in many people’s minds when the Silk Road is mentioned. In reality, the ancient trade route between East Asia and Europe is reviving along with roaring freight trains and trucks, more than a millennium after it faded into obscurity due to frequent wars and the rise of sea transportation.
Love and trade across the Silk Road
- Anita Jumekenova never thought she would marry a Chinese guy when she came to China to study Chinese in 2006. Yuan Chaohui never thought he would do business in Kazakhstan when he chose E-commerce as his major in 2001. But one day, they met in Xi’an, capital of northwest China’s Shaanxi Province, which is also the starting point of the Silk Road Economic Belt. Anita comes from Karaganda, the second largest city in Kazakhstan. At the age of 18, she came to Xi’an to take a language course, simply wanting to know more about China because China’s language and culture was popular in Kazakhstan. After finishing the course, she decided to study further. She got a bachelor’s degree in Chinese at Xi’an Jiaotong University and a master’s degree in Northwest University.
Chinese porcelain exhibition showcases Silk Road culture in Nigeria
Published on Sep 23, 2015
- An exhibition showcasing made-in-China ceramic works opened in the Nigerian capital Abuja, featuring porcelain plates and sculptures from six Chinese artists. The 15-day exhibition, holding at the Chinese Cultural Center in Abuja, is built on the occasion of the 10th anniversary of strategic cooperative partnership between Nigeria and China.
China’s is using Islamic finance to expand its new Silk Road
Sep. 22, 2015
- Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds.
- China wants to build stronger trade ties with Asian countries under its “One Belt, One Road” strategy to rebuild Silk Road trade links with Asia and Europe. The network will include the world’s main centers of Islamic finance, the Middle East and Southeast Asia, where sharia-compliant assets account for as much as a quarter of total banking assets.
Thailand-China railway a key step in wider infrastructure plans
- Prompted by its “Belt and Road” initiative, China has made progress in its plan to create a rail network connecting the country with Southeast Asia after securing agreements with Thailand and Laos to build a rail network linking the three countries. Thailand’s deputy prime minister Tanasak Patimapragorn said during a visit to the China-Association of Southeast Asian Nations (ASEAN) Exposition in Nanning in southern China on Sunday that Thailand and China are working closely to confirm the construction of a planned China-Thailand railway, work on which could begin by the end of the year.
Iran-China cultural event to revive Silk Road
20 September 2015
- TEHRAN, Sep. 20 (MNA) – International Affairs Deputy of Iran’s Islamic Culture and Relations Organization (ICRO) has said 4th Iran-China Cultural Relations Conference will have as its focus revival of the Silk Road. Notable among the attendants were Chinese Academy of Social Sciences (CASS) officials and high ranking officials of the ICRO. Hojjatoleslam Mohammad Abolqassemi, who was addressing the conference opening on Saturday, said that the conference had been seeking to promote the scope of mutual understanding and knowledge of two great and ancient Asian countries, Iran and China; “furthering information exchange and dialogue between the two countries is a second focus of the conference; Islamic Republic of Iran, relying upon its long civilization and rich religious tradition and culture, has been a pioneer in peace and friendship dialogue among nations,” he said.
New Sri Lanka government affirms China-funded port city project
- The new government of Sri Lanka has said it will continue with a China-funded multi-billion-US dollar mega port city project in order to develop the capital Colombo. Minister of Megapolis and Western Development Patali Champika Ranawaka told Xinhua on Tuesday that the government hopes to transform the country into a “smart and technologically advanced nation” in the coming five years and the port city project will be included in its development plans.
HK’s legal services sector to benefit from “Belt and Road”: justice secretary
Published on Sep 16, 2015
- “The legal and arbitration services sectors in Hong Kong could cooperate with enterprises from the Chinese mainland during the implementation of the “Belt and Road” initiative and achieve win- win results,” Hong Kong’s Secretary of Justice Rimsky Yuen said in Hong Kong last week.
More nations join Silk Road festival
- BEIJING, Sept.15 (Xinhuanet) — The Second Silk Road International Arts Festival began in Xi’an earlier this month, with monthlong exhibitions, dramas, dances and concerts planned by visiting artists and officials from countries that shared trade and cultural links with China along a network of overland and marine routes in ancient times. This year, the festival that opened on Sept 7 in the capital of Northwest China’s Shaanxi province features artists and scholars from 62 countries and regions. In 2014, artists from some 30 countries attended the first edition of the cultural event.
Turkey looks forward to China’s ‘New Silk Road’ project
- Turkey is looking forward to China’s New Silk Road project that will be discussed further when China takes over the G-20 presidency in January 2016, Rifat Hisarcıklıoğlu, organizer of the B-20 Turkey and president of Turkey’s Union of Chambers and Commodity Exchanges (TOBB), said Sept. 5.
- He noted that the B-20 Turkey also introduced bold recommendations suitable for China’s G-20 leadership in 2016. “We are very excited about projects like the ‘New Silk Road.’ We believe that future innovations in trade will come from this road,” he said.
China-Arab expo to accelerate ‘One Belt, One Road’ strategy
August 28, 2015
- Firms and organisations from 22 countries are set to take part at a China-Arab exhibition, with several heads of state, ministerial officials and leaders of commerce associations in attendance. The China-Arab States Expo 2015 will be held in Ningxia, China from September 10 to 13, said a statement.
World universities to create joint program on ‘Silk Road’
- Thirty-four universities in 22 countries will join in an effort to create a joint curriculum about the “Silk Road” by forming related organizations, according to the Hankuk University of Foreign Studies, one of the schools, Friday. Through team teaching and exchange programs, their final goal is to set up a “cyber Silk Road university.”
The China-Pakistan Economic Corridor Gets Even More Ambitious
August 13, 2015
- On August 11 and 12, a forum on the China-Pakistan Economic Corridor (CPEC) convened in Xinjiang, in northwestern China. According to Xinhua, the event was attended by “[m]ore than 300 officials and delegates from companies, think tanks and social organizations” from both China and Pakistan. Under the CPEC, China and Pakistan plan to build infrastructure to connect Gwadar Port in Pakistan with Kashgar in Xinjiang. The project has become a “flagship project” of China’s Silk Road Economic Belt, although it was proposed in May 2013, a few months earlier than the broader economic belt. As a sign of its important place in the overall strategy, the CPEC was the first project to receive an investment from China’s $40 billion Silk Road Fund, providing partial financing for the $1.65 billion Karot hydropower project in Pakistan. Pakistani President Mamnoon Hussain predicted that the CPEC will be “a monument of the century” during his February 2014 visit to China.
Revival of History: China Conquers Silk Road
- Referring to the China-led “One Belt and One Road” initiative, experts often mean the development of the Eurasian region, while Beijing’s bold project goes far beyond the Eurasian continent. Beijing’s initiative is aimed at bringing together not only the states of the Eurasian continent but also Eastern Africa and the Arabian Peninsula, as well as the South Pacific nations (most notably Australia and New Zealand) and even Latin America.
China’s New Silk Road Promises Prosperity Across Eurasia
- SINGAPORE — For centuries the historical Silk Road connected Asia and Europe by land and by sea. The new proposal of China, while reviving the ancient concept of the Silk Road, aims to carry forward the spirit of peace, cooperation, openness and inclusiveness for shared benefits. Naturally, it takes time for people to fully take in a big idea. The first challenge is choosing a good translation that captures the world’s imagination. This initiative is translated into English as the “Belt and Road” initiative. I have been asked many times to explain what this means. The first question is always, “Why does China want a belt built on land and a road built in the sea?”
“Belt and Road” initiatives energize China’s neighborhood diplomacy
- BEIJING, July 27 (Xinhua) — The “Belt and Road” initiatives China has proposed to revive the ancient trade routes that span Asia, Africa and Europe have invigorated China’s neighborhood diplomacy, a key pillar of its diplomatic layout. The reason is the initiatives of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, unveiled by Chinese President Xi Jinping in 2013, are open and inclusive. They will not be a solo for China but a real chorus involving all countries along the routes, as Xi put it.
Chinese companies ink more contracts along Belt and Road
- BEIJING, July 21 (Xinhua) — Chinese companies signed 1,401 project contracts in countries along the Belt and Road in the first half of this year1, nearly half of combined overseas contract value, official data revealed. The contracts were worth 37.6 billion U.S. dollars, up 16.7 percent year on year, and accounting for 43.3 percent of contracts in the period, Shen Danyang, the Ministry of Commerce (MOC) spokesman, said at a Tuesday press conference.
55 cities to attend China Silk Road forum this month
July 13, 2015
- Even as the Silk Road keeps cropping up during Chinese interactions with Europe, China’s Xinjiang province will host fifty-five cities from 17 countries, including Britain, Germany, Russia and France, for a Silk Road development forum later this month, officials said on Monday. The “Silk Road Economic Belt Cities Cooperation and Development Forum” will be held from July 23 to 25 in the regional capital of Urumqi.
Oman wants to be China’s key partner in Belt and Road initiative, China envoy
- Ever since China first proposed the “Belt and Road” initiative, Oman has been very active in trying to participate in the proposal, and wanted to be Beijing’s key partner, said Chinese envoy to the country. Yu Fulong, Chinese ambassador to Oman, told Xinhua in a recent interview that the Middle East country sits on a key spot along the Silk Road, and has had a long-term friendship with China.
Egypt solidifies links to China with membership in Silk Road Economic Belt trade union
June 28th, 2015
- Egypt has officially joined the Silk Road Economic Belt trade union, which encompasses 92 Chinese and foreign associations, the State Information Service (SIS) reported on Friday. In cooperation with the Shanghai Chamber of Commerce, the Egyptian Businessmen Association (EBA) was chosen to represent Egypt in the Silk Road trade union.
Bank of China raises USD3.55bn for Silk Road push
Jun 25, 2015
- HONG KONG, June 25 (IFR) – Bank of China turned to the international bond markets on Wednesday to raise the equivalent of USD3.55bn for Silk Road projects, boosting efforts to improve infrastructure links between Asia and Europe. This is the first public bond issue to help fund plans to recreate the ancient trading route, which will require billions of dollars to bolster infrastructure linking the continents in the coming years.
Georgia wants in on China’s Silk Road initiative, says deputy PM
- China’s Silk Road Economic Belt initiative is strategically important and Georgia wants to actively take part in it, the Georgian deputy prime minister Kakha Kaladze said Tuesday. “The Silk Road Economic Belt initiative will bring together Asia and Europe with closer trades and cultural ties. It will enhance the understanding and cooperation among all the relevant countries of the Silk Road Economic Belt in the future. It is strategically important,” Kaladze told Xinhua before his first official visit to China.
Putin: EAEU-Belt integration to bring enormous opportunities
- Russia and China’s joint efforts to integrate the Eurasian Economic Union (EAEU) framework and the Silk Road Economic Belt initiative will create great development opportunities for both sides and the region, President Vladimir Putin said in St. Petersburg Saturday.The Russian president made the remarks when answering a question raised by Xinhua President Cai Mingzhao at a meeting with the chiefs of the world’s leading news agencies on the sidelines of the 19th Saint Petersburg International Economic Forum.
China-Central Asia logistics park, new step towards modern Silk Road
19 June 2015
- The China-Central Asia logistics park, the foundation of which was laid by China and five Central Asian countries on June 16, will become a new step towards the realization of China’s grand multibillion-dollar Silk Road project. The logistics park will be jointly constructed by Rizhao Port Group and enterprises from Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan in Rizhao city in China’s Shandong Province.
China, Pakistan should build railways to link with South Asia: Official
15 Jun, 2015
- BEIJING: China and Pakistan should build a railway network in addition to the proposed $ 46-billion economic corridor to boost trade with South Asia and Arabian Peninsula, a top Chinese official said. “We should prepare to build a railway between China and Pakistan as soon as possible,” He Sanqiu, head of transport in Kashgar was quoted as saying by state-run Xinhua news agency today.
China, Uzbekistan to strengthen cooperation under the Silk Road initiative
Jun 15, 2015
- BEIJING, June 15 (Xinhua) — Top Chinese security official Meng Jianzhu and First Deputy Prime Minister of Uzbekistan Rustam Azimov agreed to expand trade and economic cooperation under the framework of the “Belt initiatives” on Monday. During the third meeting of the China-Uzbekistan intergovernmental committee of cooperation held in China’s northern city of Rizhao, Shandong Province, the two senior officials agreed to deepen all-round cooperation and strengthen ties as China’s Silk Road Economic Belt initiative rolls out.
Chinese to ride Marco Polo’s Silk Road
- Chinese Liu Haixiang and his crew announced on Monday that they plan to ride along Marco Polo’s oriental journey from Italy to China.The 18,000-kilometer ride, which is named as the Journey of Silk Road Dream and expected to take one year, is scheduled to start in August and pass through 30 cities of 17 countries and regions in Asia and Europe.
China begins freight train service to Moscow
11 Jun, 2015
- China has started a rail freight service linking the western Xinjiang region also known as a “core area” of the Silk Road economic belt with Moscow. It is expected to deliver $8.1 billion worth of cargo annually. The rail authorities in China’s Xinjiang Autonomous Region on Wednesday announced the setting up of an additional train service westward, according to the Xinhua news agency.
China to invest $900 billion in Belt and Road Initiative
10 Jun 2015
- China announces plans to boost the road, rail and maritime trade by creating economic corridors and investing nearly $900bn (£586bn) in countries along the route. Vice-premier Zhang Gaoli said the country is mulling six economic corridors to better connect Asia and Europe, with funding from the Asian Infrastructure Investment Bank and the Silk Road Fund, for the project that is known in China as “One Road, One Belt”.
China’s Silk Road in Europe: Not Just Hungary
June 09, 2015
- Hungary has become the first European country to sign a memorandum of understanding with China on promoting the Silk Road Economic Belt and Maritime Silk Road, China media report. The MoU was signed on Sunday, during Chinese Foreign Minister Wang Yi’s visit to Budapest, where he met with Prime Minister Viktor Orban. In a statement on the occasion, Wang said he hopes more European countries will join in.
China is building the most extensive global commercial-military empire in history
June 09, 2015
- China views almost no place as uncontested. Chinese-financed and -built dams, roads, railroads, natural gas pipelines, ports, and airports are either in place or will be from Samoa to Rio de Janeiro, St. Petersburg to Jakarta, Mombasa to Vanuatu, and from the Arctic to Antarctica. Many are built in service of current and prospective mines, oilfields, and other businesses back to China, and at times to markets abroad.
The first European country just signed up for China’s $2.3 trillion trade project
Jun. 6, 2015
- BEIJING (Reuters) – Hungary has become the first European country to sign a cooperation agreement for China’s new “Silk Road” initiative to develop trade and transport infrastructure across Asia and beyond, China’s foreign ministry said late on Saturday. The countries’ foreign ministers signed a memorandum of understanding for what is formally known as the “One Belt, One Road” project in Budapest, according to a statement on the Chinese foreign ministry website.
Beidou system to aid Belt and Road
- Chinese satellite platform provides functionality that will meet needs around globe, top designer says The Beidou Navigation Satellite System will help China carry out the Belt and Road Initiative, according to senior project officials. Yang Changfeng, chief designer of the Beidou system, told China Daily that the Belt and Road Initiative have created a perfect platform and opportunity for the Beidou system to promote itself globally.
China to join hands with Pakistan on economic corridor construction
- China has pledged to work with Pakistan to establish the China-Pakistan economic corridor, after Pakistan’s political parties agreed on Thursday on a plan for the corridor’s first stage. “China is willing to make joint efforts with Pakistan to advance planning and building of the corridor in a balanced and comprehensive way,” Foreign Ministry spokesperson Hua Chunying said on Friday.
China to invest nearly $900 billion in Silk Road projects China will invest nearly USD 900 billion in economic corridors along the mega Silk Road and Maritime Silk Road initiatives with funds including from the newly-floated AIIB bank.
May 29, 2015
- China will invest nearly USD 900 billion in economic corridors along the mega Silk Road and Maritime Silk Road initiatives with funds including from the newly-floated AIIB bank. Vice-Premier Zhang Gaoli said the country is mulling six economic corridors with countries along the Belt and Road trade route to better connect Asia and Europe with funding from the Asian Infrastructure Investment Bank, (AIIB) and the Silk Road Fund, state-run China Daily reported. China has announced USD 40 billion for Silk Road fund last year.
China hand in hand with Arab world to push Silk Road initiative
- The Sixth Session of the Arab-Chinese Businessmen Conference concluded Wednesday, stressing the commitment to the Silk Road initiative and pledging to expand the areas of cooperation. The statement issued at the conclusion of the activities of the conference and the investment symposium under the title “Building economic belt of the Silk Road,” noted that the participants reached a common vision and agreed on the establishment of multiple levels of exchange and cooperation between the companies.
Lebanon aims at playing key role in China’s “Belt and Road” initiative
- BEIRUT, May 26 (Xinhua) — Lebanon’s Prime Minister Tammam Salam vowed Tuesday not to despair despite the enormous challenges facing the country, stressing that Lebanon aims at a key role in the “Belt and Road” initiative. “Lebanon is looking forward to playing a key role in the economic course of Silk Road initiative due to its special (geographic) position,” Salam said in a speech at the sixth session of the Conference of Arab-Chinese Businessmen.
Feature: China, Italy boost tourism cooperation on new Silk Road
- MILAN, Italy, May 22 (Xinhua) — Tourism exchange and cooperation was at the center of a memorandum signed between Chinese provinces and Italian regions on Friday here at the China Pavilion of Expo Milano 2015. Provincial representatives of Gansu, Ningxia, Qinghai, Henan, Shandong and Shanghai signed the memorandum with those of 10 major regions of Italy including Lombardy, whose capital is Milan, Tuscany and Sicily.
Beijing, Moscow agree to integrate China’s Belt initiative with Russia’s Eurasian vision
- MOSCOW, May 8 (Xinhua) — China and Russia agreed Friday to bridge and integrate the former’s Silk Road Economic Belt initiative with the latter’s vision of a trade and infrastructure network across Eurasia. The consensus was announced in one of the two joint statements signed by visiting Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin.
Mediterranean drills hold significance for China’s ‘Belt and Road’
- Russia and China launched a joint naval exercise in the Mediterranean on May 11 in what has been said to be the furthest from Russian and Chinese soil that this kind of exercise has ever taken place, according to Duowei News, a media outlet run by overseas Chinese.
China Strengthens Ties with Russia, Belarus, Kazakhstan
May 08, 2015
- Due to China’s proposed “Belt and Road Initiative,” experts predict that the world will see an increase in bilateral economic cooperation between China and its neighbors Russia, Kazakhstan and Belarus. These three countries all play significant roles in the China-proposed initiative. President Xi Jinping is scheduled to visit the countries from this week.
China planning new satellites to back its Belt and Road initiative
- China’s “Belt and Road” strategy has been seen as providing new opportunities for its economic development. To ensure good satellite reception in the area covered by the projected trade routes, Chinese government agencies have begun cooperation with private companies to plan a program to launch several communications satellites in the next three to five years, according to Shanghai’s China Business Journal.
China to integrate Mongolian, Russian initiatives with MSR
April 27, 2015
- In tune with its effort to interface India’s Mausam and Spice Route projects with its Maritime Silk Road (MSR) initiative, China is making headway in integrating a Mongolian and a Russian initiative to develop another spur of its ambitious Silk Road land corridor. China wants to include Mongolia’s “Steppe road” initiative, and link up with the Moscow-driven transcontinental rail plan to develop the China-Mongolia-Russia (CMR) economic corridor.
China to inject $62bn in policy banks to boost ‘New Silk Road’ – report
April 20, 2015
- China will reportedly allocate $62 billion of its foreign exchange reserves to three state-owned “policy banks” in order to support its New Silk Road project, aimed at creating infrastructure links with foreign markets. The project called ‘One belt, One road’, also known as the New Silk Road, includes plans to build roads, ports, railway systems and other infrastructure from China into the Middle East, Central, South and Southeast Asia to create demand for China’s industrial exports, as it already sees oversupply at home.
China sets up coordinating group for modern Silk Road
17 Apr 2015
- BEIJING: China has set up a senior-level coordination group to oversee Beijing’s plan to create a modern Silk Road, a Communist Party news website said on Friday, as efforts gather pace on a scheme China hopes will generate US$2.5 trillion (1.66 trillion pounds) in trade in a decade. Vice Premier Zhang Gaoli will head the group, with deputies including China’s top diplomat State Councillor Yang Jiechi, Vice Premier Wang Yang, and Wang Huning, head of the party’s Policy Research Office and a key aide of President Xi Jinping, the CPC News website said.
China gets operation rights at Gwadar port for 40 years
April 15, 2015
- Beijing: China has been granted operation rights for 40 years at a port in Gwadar, a strategic deep-water seaport in Pakistan, Hong Kong-based Pheonix TV reported. Infrastructure construction is nearly complete and the port could be put into full use by the end of the year, Dostain Khan Jamaldini, chairman of the Gwadar Port Authority, was quoted as saying. It could serve as a vital economic hub linking China and Pakistan, he said.
China’s Silk Road plan is already taking shape
Apr 15 2015
- Over the weekend of 28-29 March 2015, a Chinese government “special leading group” was set up to oversee progress on the “Silk Road Economic Belt” and the “21st-Century Maritime Silk Road”, and an action plan was released. China’s top leadership started talking about a “new silk road” almost as soon as it came into office. President Xi Jinping gave back-to-back speeches on the subject in Kazakhstan and Indonesia in September and October 2013. The Indonesia speech was also the occasion for Xi’s announcement of plans for an Asia Infrastructure Investment Bank (AIIB) with a capital of US$100bn to leverage into the scheme. Xi has also announced that China will provide further financial backing through a US$40bn Silk Road Fund.
China, Sri Lanka Hold Military Drill Codenamed ‘Silk Road Cooperation 2015’ to Enhance Anti-Terror Skills
April 10, 2015
- Beijing, China: China and Sri Lanka have held a joint drill at a comprehensive military training base in southern China to enhance their capabilities, specially in combating terror. The Chinese People’s Armed Police Force (APF) and the Sri Lankan Army held the drill code-named ‘Silk Road Cooperation – 2015’ in Guangzhou.
New Malta-China Silk Road
April 10, 2015
- Over 2,000 years ago, the ancient Silk Road was explored and opened for the people of Eurasia. Since then, this road has contributed greatly to the prosperity and development of the countries along its routes both on sea and on land. It has played a key role in bridging the major civilisations of Asia, Europe and Africa.
- In September and October 2013, during his visit to Kazakhstan and Indonesia, President Xi Jinping put forward the initiative of building the Silk Road Economic Belt and the 21st Century Maritime Silk Road (known by the abbreviation ‘belt and road’). To date, more than 60 countries and international organisations have shown interest in taking part in the development of the belt and road.
China’s Xi: Trade between China and Silk Road nations to exceed $2.5 trln
March 29 2015
- China’s President Xi Jinping said he hoped its annual trade with the countries involved in Beijing’s plan to create a modern Silk Road would surpass $2.5 trillion in a decade. Xi also pledged to protect the interests of foreign companies in China amid investors’ rising concerns that Beijing is enacting policies that could hurt their businesses.
- Under the so-called “One Belt, One Road” initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence. Commerce Minister Gao Hucheng said previously that more than 50 countries had shown interest in the initiative.
Sino-Pak economic corridor to be game-changer for Middle-East
29 March 2015
- Dubai: The China-Pakistan Economic Corridor, or CPEC, will be a game-changer and its major beneficiaries will include Pakistan, China and Gulf countries, Pakistan’s Ambassador to the UAE Asif Ali Khan Durrani (in pic, right) told Khaleej Times during an interview. Last year, the Chinese government committed to spending $45.6 billion over the next six years to build the corridor, which will include the construction of highways, railways and natural gas and oil pipelines connecting China to the Middle East.
China, CEE countries eye land-sea express passage to speed up delivery
- BELGRADE, Dec. 17 (Xinhua) — China and three Central and Eastern European (CEE) countries on Wednesday agreed to build a land-sea express passage linking a Greek port and the landlocked Hungary to speed up transportation between China and Europe. The consensus was reached when Chinese Premier Li Keqiang met with his counterparts from Serbia, Hungary and Macedonia one day after the leaders’ meeting between China and 16 CEE countries in Belgrade.
China, Greece Vow to Advance Pragmatic Cooperation
- Wang says the two sides should make the Chinese-run project at the Greek port of Piraeus “a paradigm of mutually beneficial cooperation between China and Greece”. Kotzias says Greece attaches great importance to the Piraeus port project and is willing to play a positive role in the construction of the China-Europe Land-Sea Express Line.
China’s land-sea silk road initiatives to benefit Russia
- Russia welcomes China’s initiatives on building the Silk Road Economic Belt and the 21st Century Maritime Silk Road (also known as the One Belt-One Road initiatives), which according to experts, would bring advantages rather than harms to Russia’s overall development. China’s annual sessions of the legislative and political advisory bodies have recently adopted economic, social development plans, which listed the development of the “One Belt” and “One Road” as one of “the three key strategies” of the country and pledged an effective implementation.
Pak-China Economic Corridor: Beginning of Prosperity and Development
March 10, 2015
- Pak-China Economic Corridor is an under-construction development project to link Gwadar Port in southern Pakistan to China’s north-west area of Xinjiang by means of highways, railways and pipelines. When completed, this route will be used as a primary gateway for trade between China and the Middle East and Africa. Economic Corridor is not only the road to economic prosperity for Pakistan; but would be beneficial for the people of entire world. Approximately 3 billion people from China, South Asia and Central Asia, would benefit from this project.
China to unveil Silk Road tour at Berlin world tourism fair
- Chinese exhibitors will promote tours along the famed Silk Road during the 49th Berlin International Tourism Fair (ITB), starting Wednesday. Tourism sectors and corporate exhibitors from 19 provincial-level regions in China will gather in Berlin between March 4 and 8 to showcase China’s rich tourism industry, thanks to the China National Tourism Administration (CNTA) which organized the Chinese representation at the fair.
$79.8b infrastructure program begins in Gansu, China
- A huge infrastructure project kicked off in China’s northwest province of Gansu, which will facilitate trade and people exchanges between China and central Asia.
- The six-year, 500-billion-yuan (79.8 billion U.S. dollars) development project will add more than 60,000 kilometers of road, including 4,070 km expressways, and improve the connectivity of the existing transportation network.
Silk Road initiatives not China’s Marshall Plan: spokesman
- BEIJING, March 2 (Xinhua) — China’s Silk Road initiatives should not be referred to as another Marshall Plan, said a spokesman with the country’s national political advisory body Monday. China’s initiatives of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, or Belt and Road, is a new model of South-South and regional cooperation, said Lyu Xinhua, spokesman with the annual session of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC).
Homeward bound on the world’s longest rail route: Train finally arrives in China after four-month, 16,000-mile journey to Spain and back
25 February 2015
- After setting out over four months ago, the first cargo train to travel on the longest rail route in the world has returned home. On November 18, the train departed Yiwu in eastern China, a major wholesale centre for small consumer goods, and passed through Kazakhstan, Russia, Belarus, Poland, Germany, France and finally Spain. The entire round-trip is approximately 16,000 miles on the new Yixin’ou cargo line, which ends in the Spanish capital Madrid.
Pakistan approves multi-billion dollar economic corridor with China
February 24, 2015
- From Sajjad Hussain Islamabad, Feb 23 (PTI) Pakistan today approved an ambitious multi-billion dollar strategic economic corridor linking China to Gwadar port at the mouth of the Arabian Sea that passes through Pakistan-occupied Kashmir (PoK). The China-Pakistan Economic Corridor (CPEC) is the country’s biggest road and rail project and the work on it started in December when Prime Minister Nawaz Sharif inaugurated a motorway from Havelian to Thakot as phase-I of the Islamabad-Raikot section of the corridor.
China’s new Silk Road initiative attracts Turkey’s attention
- The first ever direct China-Spain freight train – which started its journey from Yiwu, a major trading hub south of Shanghai – travelled an epic 13,000 kilometers in 21 days (10 days faster than the conventional ocean freight), reaching Madrid in December 2014. The inauguration of a direct train link between Yiwu and Madrid should be seen as part of China’s ambitious foreign policy initiative to revive the ancient Silk Road.
Africa: Xinhua Insight – Return of Maritime Silk Road Does Not Forget Africa
16 February 2015
- Fuzhou — When ancient Chinese navigator Zheng He set out at the head of a large trade envoy along the first maritime trade routes during the Ming Dynasty (1368-1644), he made first contact with the coastal city that would eventually become the Kenyan city of Mombasa. More than 600 years after Zheng laid the blueprint for the modern Maritime Silk Road (MSR), trade between China and Kenya continues to expand.
China’s $40b Silk Road Fund starts operation
- A Silk Road Fund designed to finance China-proposed “Belt and Road” initiatives has began operation, the central bank said in a statement Monday. The Silk Road Fund Co., Ltd was established on Dec. 29, 2014 in Beijing, after President Xi Jinping announced the creation of the 40-billion-US dollar fund in November, according to the People’s Bank of China.
China’s ‘Silk Road’ Praised by Experts, Backed by More Than 50 States
- Ekaterina Blinova – China’s 21st Century Maritime ‘Silk Road’ project aimed at boosting the economic development of the Asia-Pacific region has received high praise from international experts. Overseas experts applauded China’s $100 billion-initiative to build modern infrastructure and a network of ports in the Asia-Pacific during the Maritime Silk Road Seminar, entitled “Collectively building the 21st-Century Maritime Silk Road and creating a community of common destiny,” that was held in the city of Quanzhou, in southeast Fujian province, on February 11-12.
Maritime Silk Road Seminar Held in Quanzhou
- A two-day international seminar on China’s 21st Century Maritime Silk Road Initiative opened Wednesday in Fujian Province. Over 280 academics and experts from 30 countries attended the conference in Quanzhou city.
Experts say Maritime Silk Road to stimulate China’s neighbors
- The 21st Century Maritime Silk Road will pave the way for the establishment of the Asia-Pacific economic community as well as greatly stimulate the potential to spur rapid economic growth of emerging markets, said scholars in Singapore. In regard to China’s new initiative — a revival of the sea route through which were channeled economic and cultural exchanges between ancient China and the rest of the world — Zhao Hong, senior research fellow at the Institute of Southeast Asian Studies in Singapore, wrote in an article that a better infrastructure and transportation system, will play a key role in creating the Asia-Pacific economic community. It is just such a role that China has included in its plan to boost regional connectivity.
Kyrgyzstan Eager for Direct Rail Link to China
February 7, 2015
- For more than a decade the Kyrgyz government has been in talks over the construction of a China-Kyrgyzstan-Uzbekistan railroad, but often times these bold proposals ran up against a shortage of capital to get it done. Becoming a member of the Eurasia Economic Union might slow down the process even more, but nonetheless, Kyrgyzstan is still planning to restart the negotiations over railroad construction in February. If the railroad is eventually built, analysts and officials say it could be a game changer for the economic development of the region.
Thailand backs China’s Silk Road initiatives: PM
- Thai Prime Minister Prayut Chan-o- cha said on Friday that Thailand appreciates and supports China’s initiatives of building the 21st Century Maritime Silk Road and the Silk Road Economic Belt.
Sri Lanka to go ahead with Mahinda Rajapaksa’s Chinese port city project
Feb 5, 2015
- COLOMBO: In a U-turn, the new Sri Lankan government today said it will go ahead with the Colombo Port city, a $1.5 billion project funded by China, to ensure relations remained ‘cordial’ with the communist giant.
China operationalises $40 billion Silk Road fund to build major infrastructure projects
Feb 5, 2015
- BEIJING: China has appointed top officials to manage a $40 billion fund to finance its most ambitious global plan – the Silk Roads and Maritime Silk Road – to build major infrastructure projects aimed to enhance its strategic influence and blunt the US’ big push into Asia-Pacific.
China to improve cooperation along Belt and Road
- A bilateral cooperation mechanism between China and countries such as Mongolia, Iran and Turkey will be created this year, said Yu Xiaodong, spokesperson of China Council for the Promotion of International Trade (CCPIT), China’s largest trade organization.
China Announces New ‘Silk Road’ Through Russia, India
- MOSCOW, February 12 (Sputnik) — China is ready to develop economic cooperation with Russia and India as part of the “One Belt and One Road” strategy, the building of a new Silk Road, China’s Foreign Minister Wang Yi announced on Monday.
China plans to develop every Silk road country and pledges using $4 trillion in reserves to drive overseas expansion of industry, nuclear and rail
- China’s two domestic High Speed Rail (HSR) manufacturers, China North Railway (CNR) and China South Railway (CSR), now control the country’s entire HSR market.
- Boosted by President Xi Jinping’s Silk Road belt and road initiatives, China is currently in negotiations with 28 nations, most of which are along the trade route. Should discussions bear fruit, a network of over 5,000 km is on the cards.
Sino-African Relations to Be Strengthened by ‘One Belt, One Road’
Jan 31, 2015
- Following Chinese Premier Li Keqiang’s African trip in 2014, the Global Times’ He Wenping made it clear on Thursday that the “world’s richest continent” is well within the scope of President Xi Jinping’s highly publicized “One Belt, One Road” initiative.
New China-Myanmar oil pipeline bypasses Malacca trap
January 30, 2015
- China has taken a firm step to beef up its energy security by inaugurating a pipeline that will bring crude oil from a deepwater port in Myanmar, along a transit route that will bypass the strategic Malacca Straits.
- The first tanker that will offload 300,000 tons of oil is expected to arrive on Friday at Maday Island – a deep water port developed by China in the Bay of Bengal. From there, oil, mostly brought from West Asia and Africa, will be pumped into a 2402-kilometre long pipeline that will stretch for 771 kilometres in Myanmar and another 1631 kilometres in China. A gas pipeline, next to the Maday Island terminal, already runs from Myanmar’s port of Kyaukpyu. China also finalised plans to establish a rail corridor from Kyaukpyu to its Yunnan province.
Myanmar opens deep sea port terminal for pipeline for Mideast oil to China
January 30, 2015
- YANGON, Myanmar – Myanmar has held a ceremonial opening of a deep sea port off its western coast, part of a $2.45 billion port and pipeline project that will carry crude oil from the Middle East to China.
Malaysia in on China’s Silk Road plan
January 28, 2015
- PETALING JAYA: Malaysia’s recommendations for the 21st Century Maritime Silk Road economic belt have been incorporated in China’s outline of the plan, said Transport Minister Datuk Seri Liow Tiong Lai
- The 21st Century Maritime Silk Road would involve the cooperation of all countries along the route and more than 50 countries had expressed their support for the initiative, he said.
China’s Maritime Silk Road, Indonesia’s Development Strategy Fit Together
- China and Indonesia on Tuesday pledged further economic cooperation in areas including trade, investment and infrastructure.
China’s Silk Road strategy draws interest from over 50 countries: official
- HAIKOU, Jan. 24 (Xinhua) — China’s initiative to build the Silk Road economic belt and the 21st century maritime Silk Road has received interest from more than 50 countries, an official said Saturday.
- Along the belt and road are many developing countries with a combined population of 4.4 billion and an annual economic output of 2.2 trillion U.S. dollars. Given complementary industrial structures, the economic belt has strong growth potentials, He said.
Economic Zones and Infrastructure on China’s Silk Road
January 21, 2015
- China’s Silk Road ambitions have already sparked plans and the construction of economic development zones and infrastructure on the anticipated routes. The Silk Road project promises to breathe life into the poorer overland regions that have been less prominent due to their relative geographical isolation. Xinjiang and other northern provinces include foreboding terrain, while Yunnan, though picturesque, is also difficult to traverse due to its mountainous landscape. Kashi in Xinjiang demonstrates the most recent construction of an economic development zone, while other plans and construction are also under way.
China steps up drive to integrate Africa with Maritime Silk Road
January 21, 2015
- China has accelerated its drive to draw Africa into the Maritime Silk Road — Beijing’s ambitious transcontinental initiative – following the visit to the continent by Foreign Minister Wang Yi.
- The project to linkup the capital of Kenya and the country’s well-established port has much larger implications. Once it is through, the rail corridor will help connect the vast hinterland of East Africa with the Indian Ocean, making it a salient strategic project, which will add one more layer to the realisation of President Xi Jinping’s dream of establishing a 21st century Maritime Silk Road (MSR).
2015 ‘Silk Road Tourism Year’ starts in China’s Shaanxi Province
Jan 10, 2015
- Inspired by the Ancient Silk Road, the China National Tourism Administration (CNTA) each year promotes a Western province focusing on their tourism appeal and rich cultural traditions. This year northwest China’s Shaanxi Province is in the spotlight.
- The kickoff of the 2015 Silk Road tourism year took place on Thursday in Xi’an, capital of Shaanxi Province, Considered one of the cradles of Chinese civilization, Shaanxi Province has been the capital of no less than 13 feudal dynasties, from the Zhou Dynasty to the Tang Dynasty, a span of 1,100 years.
Silk Road plans offer opportunities to EU
- More than one year after President Xi Jinping announced China’s megaplan to better connect the Asia-Pacific region with Europe and Africa by land and sea, the world has become familiar with the concepts of the Silk Road Economic Belt and the 21st Century Maritime Silk Road. Perhaps 2015 is the best year for countries to act locally to enrich the “pragmatic recipe” offered by China to sustain global economic development in the Asia-Pacific region and beyond.
118 overseas trade cooperation zones the basis for China’s One Belt One Road project
- As part of its overseas initiatives, China has established 118 overseas trade cooperation zones in 50 countries, which will serve as a foundation to facilitate China’s planned One Belt and One Road project, referring to the “Silk Road economic belt” and the “21st century maritime Silk Road” project.
- Seventy seven of the 118 projected trade zones are in 23 countries that make up a part of the proposed path of the “One Belt and One Road” project, and are expected to witness an influx of investment from Chinese enterprises over coming years.
Nepal to join Silk Road Economic Belt through Tibet
January 3, 2015
- Nepal and China have agreed to revive the old Silk Road that runs from Lhasa to Kathmandu to Patna China has taken a firm step to extend the Silk Road Economic Belt to South Asia, by working out a blueprint of connecting Nepal with the Eurasian transport corridor. Last month, Nepal formally signed a four-point document endorsing the Silk Road Economic Belt — a pet project of President Xi Jinping for connecting Asia with Europe along a land corridor, with China as its hub. The agreement was signed during a meeting in Beijing of the Nepal-China Inter-governmental Business and Investment Coordination.
“Belt Initiatives” injects impetus to SCO
- BEIJING, Dec. 16 (Xinhua) — Premier Li Keqiang is currently on a march along the Silk Road to promote the China-proposed initiatives regarding the building of the Silk Road Economic Belt along areas covering the Shanghai Cooperation Organization (SCO) member states. At Monday’s 13th SCO prime ministers’ meeting in Astana, capital of Kazakhstan, prime ministers welcomed China’s proposal on the Silk Road Economic Belt, saying it was of great significance to start negotiations and cooperation in this regard.
China,Sri Lanka to expand investment through 21st Century Maritime Silk Road initiative
December 16, 2014
- COLOMBO, Dec. 16 (Xinhua) — China and Sri Lanka will continue to strengthen investment relations through the 21st Century Maritime Silk Road initiative and allow Chinese companies to do business in the island, officials said here on Tuesday. The two countries will continue expanding cooperation on significant infrastructure projects, including building a 1.4- billion-U.S.-dollar port city, expanding terminal services at the Colombo port and constructing a 1-billion-dollar highway connecting the capital with the once remote northern part of the country.
Maldives to officially join China’s maritime silk route policy
- The Maldives will officially join China’s Maritime Silk Road Project on Tuesday during the first ever China-Maldives joint commission on economy and trade, local media reported. A high level delegation of cabinet ministers will participate in the discussions with the Chinese government. The Maldives will also officially join the trade route during the meeting.
The Silk Railway: freight train from China pulls up in Madrid
10 December 2014
- The longest rail link in the world and the first direct link between China and Spain is up and running after a train from Yiwu in coastal China completed its maiden journey of 8,111 miles to Madrid. En route it passed through Kazakhstan, Russia, Belarus, Poland, Germany and France before arriving at the Abroñigal freight terminal in Madrid.
Turkey backs China’s initiative for building Silk Road Economic Belt
- Turkey has given priorities to developing strategic cooperative ties China and fully supports its initiative for building Silk Road Economic Belt and marine Silk Road, said Turkish President Recep Tayyip Erdogan Wednesday in Ankara when meeting with Meng Jianzhu, special envoy of Chinese president Xi Jinping. Erdogan asked special envoy Meng Jianzhu to convey his best wishes to President Xi, stressing Turkey is willing to further enhance pragmatic cooperation with China and join hands with China in combating terrorism. Turkey will never allow any organization or individual to engage in separatist activities against China in the country, he stressed.
China to promote Silk Road travel in 2015
- SHANGHAI, Nov. 16 (Xinhua) — China will promote travel to countries along the Silk Road in 2015, according to the latest decision by the China National Tourism Administration (CNTA). Du Jiang, deputy director of the CNTA, said at the China International Travel Mart 2014 (CITM) that the decision was made against the backdrop of the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives which were proposed by China to boost regional economic and infrastructure cooperation, as well as people-to-people exchange in Asia.
China to create bank to fund ‘New Silk Road’: official media
Nov 12, 2014
- (Reuters) – China plans to establish a new bank to fund development of the “New Silk Road”, pouring billions of dollars into projects to revive intercontinental land routes and maritime links through central Asia, state media reported Thursday. The official China Securities Journal said related government departments would establish the “Marine Silk Road Bank”, with a minimum paid-in capital of 5 billion yuan ($816.23 million), to be funded by the Marine Silk Road Investment Management Fund and by unnamed ASEAN member countries.
China to speed up construction of new Silk Road: Xi
- BEIJING, Nov. 6 (Xinhua) — China will accelerate the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and strengthen cooperation with the countries involved, Chinese President Xi Jinping announced. “We should prepare timetables and road maps for the coming years for the ‘One Belt and One Road’ project,” Xi said when presiding over the eighth meeting of the Central Leading Group on Financial and Economic Affairs on Tuesday.
China Planning $16.3 Billion Fund for ‘New Silk Road’
Nov 4, 2014
- China plans a $16.3 billion fund to finance construction of infrastructure linking its markets to three continents as President Xi Jinping pushes forward with his plans to revive the centuries-old Silk Road trading route. The fund, overseen by Chinese policy banks, will be used to build and expand railways, roads and pipelines in Chinese provinces that are part of the strategy to facilitate trade over land and shipping routes, according to government officials who participated in drafting the plan.
China moving ahead with Trans African Rail Line, New Silk Road part of Global Land Bridge Vision
October 17, 2014
- [Global Construction Review] Earlier this year, the Chinese Railway Authority announced that it was to expand its present network, which is somewhere north of 11,000km, by almost 7,000km. This comprises 48 projects and investments in rail in the first quarter of this year increased by 9% compared with the first quarter of 2013. China is working on the high speed rail line to Laos and another to Thailand. This would be part of a grand system that links China with Singapore to the south and, through Myanmar and Bangladesh, to India in the west.
China opens Silk Road film fest
Oct 20, 2014
- XI’AN, Oct. 20 (Xinhua) — The Silk Road International Film Festival opened here on Monday, aiming to promote cultural exchanges among countries along the proposed modernized version of the ancient trade route. The seven-day event is the country’s third international film festival, following the ones in Beijing and Shanghai.
China hopes to revive the Silk Road with bullet trains to Xinjiang
30 September 2014
- The bullet train slices past the edge of the Gobi desert, through gale-swept grasslands and past snowy peaks, a high-altitude, high-speed and hi-tech manifestation of China’s re-imagined Silk Road meant to draw the country’s restive west ever tighter into Beijing’s embrace.
- The $23bn, high-speed train link, which is still being tested in winds that can sometimes reach up to 215 km/h, is just one symbol of that broader determination to cement China’s control over its Muslim-majority Xinjiang region through investment and economic growth, secure important sources of energy and escape any risk of encirclement by US allies to the east.
Maldives supports China’s plan for ‘maritime Silk Road’
16 September, 2014
- China enlisted backing from the Maldives to create a “maritime Silk Road for the 21st century” as President Xi Jinping launched his three-nation South Asia tour in the island nation yesterday. In his talks in the capital Male with Maldivian President Abdulla Yameen, Xi also pledged more aid to help the Maldives to tackle climate change.
Sri Lanka sees benefits of China’s ‘maritime silk road’ plan
September 17, 2014
- President Xi Jinping’s talk of a “21st-century maritime silk road” linking China to Europe through the seas of south Asia sounds like a grand theoretical concept. But for Sri Lanka, the benefits of ever closer ties with Beijing are real enough. On Wednesday Mr Xi concluded a two-day visit to the small south Asian island nation with the inauguration of what Sri Lanka describes as its largest ever foreign investment project: the $1.5bn Colombo Port City complex, a series of gleaming high-rises, to be built on reclaimed land in the nation’s capital.
China plans rail links with Pakistan, Central Asia to revive Silk Route
Sep 3, 2014
- BEIJING: China is negotiating with Pakistan, Mongolia, Uzbekistan and Kyrgyzstan to build three connective railroads to revive the ancient Silk Route and improve regional trade on the economic belt, a pet project of President Xi Jinping. Huang Shengqiang, head of the China Port Management Office, said Beijing has already opened 25 international airports and land ports as well as 12 special trade areas along the economic belt within the country.
Wang Yang puts forward roadmap for Silk Road revival
- Chinese vice premier Wang Yang has suggested a broad-strokes roadmap for building the Silk Road economic belt during an ongoing expo in northwest China’s Xinjiang Uygur autonomous region. In his keynote speech delivered at the fourth China-Eurasia Expo on Monday, Wang said China and countries along the belt should make joint efforts in streamlining trade procedures, improving industrial levels and building an efficient transportation network in a step toward a vigorous new “Silk Road.”
China’s Silk Road initiative promises gains for Russia and India
August 21, 2014
- The Chinese government has recently invited India to participate in its initiative to link old network of routes in the greater Eurasian region with a new set of routes. Russia had already been invited to be a part of this initiative, which the state apparatus of China is vigorously pursuing.
China seeks broader cooperation with Russia reviving ancient Silk Road
August 05 2014
- LANZHOU /China/, August 05. /ITAR-TASS/. China will develop cooperation with Russian regions promoting its concept for a New Silk Road Economic Belt, aiming to bring together Asia and Europe, Wang Gengnian, the director-general of China’s state-run radio station China Radio International (CRI), said on Monday as a group of foreign journalists started their trip across China’s northwestern province of Gansu.
Chinese ready to help Kazakhs with Silk Road tourism development project
- Kazakh expedition team has arrived in Xinjiang, Tengrinews reports. The expedition Following Shoqan Walikhanov’s Caravan Route, dedicated to the 180th anniversary of the birth of the great Kazakh scholar and traveler Shoqan Walikhanov, arrived in Urumqi, Xinjiang Uygur Autonomous Region of China.
Sri Lanka to play major role in Maritime Silk Road: China
Jul 26, 2014
- BEIJING: China today said Sri Lanka will play a very important role in its strategic Maritime Silk Road initiative for which India has been invited to be a part. “Sri Lanka will gain from the proposed Maritime Silk Route (MSR) policy of the Chinese government,” Chinese Ambassador to Sri Lanka Wu Jianghao told state-run Xinhua news agency.
- Sri Lanka’s location puts it in a prime position to act as a hub for South Asia and link to Africa and the Middle East, he said.
China to develop starting point of Maritime Silk Road
- FUZHOU, July 19 (Xinhua) — Chinese Vice Premier Zhang Gaoli urged acceleration of the opening-up of southeast China’s Fujian Province, the starting point of the historic Maritime Silk Road, during his visit there from Thursday to Saturday.
China studying new Silk Road rail link to Pakistan
- China has allocated funds to do preliminary research on building an international railway connecting the westernmost city of Kashgar in the Xinjiang Uygur autonomous region with Pakistan’s deep-sea Gwadar Port on the Arabian Sea, according to the director of Xinjiang’s regional development and reform commission. “The 1,800-kilometer China-Pakistan railway is planned to also pass through Pakistan’s capital of Islamabad and Karachi,” Zhang Chunlin said as the two-day International Seminar on the Silk Road Economic Belt commenced on Thursday in Urumqi, Xinjiang’s capital.
Horgos — the Silk Road Economic Belt’s youngest city
- Horgos is administrated by the Kazak autonomous prefecture of Ili. It covers an area of about 1,900 square kilometers, with a population of about 85,000. At the westernmost end of the Silk Road in China, the open port of Horgos features integrated railway and highway hubs near the densely populated market centers of Central Asia.
19 cities to develop Silk Road tourism
- ZHANGYE, Gansu, June 15 (Xinhua) — Nineteen Chinese and foreign cities along the Silk Road on Sunday issued a declaration that they will jointly develop tourism along the ancient trade route.
- The cities will promote tourist itineraries and explore tourism resources to rejuvenate the area and seek mutual benefit, according to the declaration, issued at the opening ceremony of the fourth Silk Road International Tourism Festival in Zhangye City of northwest China’s Gansu Province. The 19 cities include some in China’s Shaanxi, Gansu, Ningxia, Qinghai, Inner Mongolia, Xinjiang and Taiwan, as well as in Belarus, Ukraine, Bahrain, Cyprus, Kazakhstan, Kyrgyzstan, Saudi Arabia, Malaysia and Nepal.
China heading off cold war through economic diplomacy
Apr 6, 2014
- The Economic Silk Road and a separate Maritime Silk Road were first mentioned in a speech by Xi last November at the 3rd Plenary session of the 18th Central Committee of the Chinese Communist Party. Xi’s latest diplomacy promoting the idea confirms it is no pipe dream. It is strategic priority. China needs to find new export markets or preserve existing ones, as well as to narrow development gaps between the well-developed coastal areas like Shanghai and the less-developed inland parts of the country and preserve stability inside China and its neighborhood. Xinjiang province lies along the Silk Road and is also home to a radical current within its Muslim Uyghur population.
- China’s decision now to focus on “going West” also has a major security component. Beijing needs to secure export markets and diversify its transport network—the main topic raised by Xi during his trip to Central Asia—especially the increasingly unstable sea lanes in Asia’s South and Southeast. China is very vulnerable to disruption of the Malacca Strait, where there has been an increase in pirate attacks, illegal trafficking and unresolved maritime disputes. Almost 85% of imports to China are transported along this route, including 80% of China’s energy imports. Beijing is well aware should Washington ever decide to Target China in a confrontation, blocking the Malacca Strait would be no problem.
The New Silk Road: China looks West, Turkey looks East
March 19, 2014
- Pakistani President Mamnoon Hussain even traveled to the Chinese capital for the occasion. This economic corridor will take the shape of an actual rail link, including the construction of China’s longest tunnels in the process. The first tunnel completed runs 22.24 km through the mountainous Xinjiang Uygur Autonomous Region and will reduce the distance between Turpan with Korla in southern Xinjiang by 122 km (from originally 334 km). Additionally, China is also planning to build a $30-billion undersea tunnel as part of the China-Pak economic corridor.
- This ambitious rail link is part of China’s wider ambitions in neighboring Central Asia. As the ‘Middle Kingdom’ always plans for the long-term, China already secured the construction of a Turkmen-Kazakh-China pipeline in 2007 – 7,000 kilometers of steel pipe at a staggering cost of $26 billion. The rail and pipeline link, connecting China to Central Asia and Pakistan on its western reaches, has been part of the rivalry between world powers to assert primacy in, what the Pakistani author Ahmed Rashid has aptly termed, the “New Great Game.”
New Silk Route railway line links China, Europe
March 30, 2014
- Frankfurt: It is one of the world’s longest railways, an approximately 11,000-kilometre “modern-day silk road” that traverses Russia and Kazakhstan to link a megacity in the heart of China with a key commercial hub in western Germany.
Foreign propaganda won’t shake solidity of Sino-Pak ties: Chinese newspaper
08 August 2014
- China’s dependence on the Strait of Malacca will end because of Pakistan, and it will no longer remain vulnerable to any energy blockade in a time of crisis.
China bypasses American ‘New Silk Road’ with two of its own
October 14 2013
- BEIJING — Armed with tens of billions of dollars in investment deals and romantic tales of ancient explorers, Chinese President Xi Jinping has spent much of the past month promoting his vision of two new “Silk Roads” to connect his country to the West and secure its energy supplies — one by land and another by sea.
- In Central Asia in particular, China’s leader has taken advantage of Russia’s relative decline and the planned U.S. troop withdrawal from Afghanistan to expand his country’s influence, experts said.