Chinese government officials on Tuesday trumpeted the country’s progress in shaping digital development models for Belt and Road Initiative (BRI) member states, taking aim at US policies amid an intensifying rivalry with the West. In keynote addresses to the Digital Silk Road (DSR) Development Forum held in Xian, capital of western Shaanxi province, officials said … Read more
Addressing the Boao Forum for Asia in the Chinese island province of Hainan, Russian deputy prime minister Alexey Overchuk said the Kremlin and Beijing had discussed the possibility of “improving connectivity” between the initiative and the Eurasian Economic Union (EEU), a Russian-led effort to create an EU-like common market. China-Russia ties set to deepen with … Read more
China will host a forum next month to promote its digital-economy growth model and facilitate the development of digital infrastructure in partner nations of its Belt and Road Initiative (BRI), Beijing’s plan to grow global trade. The Digital Silk Road (DSR) Development Forum will open on April 16 in Xian, capital of western Shaanxi province, … Read more
China’s influence in Nepal’s economy and defence has grown significantly in recent years. Beijing has become a major source of foreign direct investment (FDI) in Nepal, particularly through infrastructure projects under the Belt and Road Initiative. This has led to China surpassing India as the largest investor in Nepal, marking a shift in the traditional … Read more
But it was in the southern nation of Zambia where BOC established its first African subsidiary, allowing customers to make deposits in and even withdraw Chinese yuan. Branches in both Lusaka and Kitwe, a mining town in the country’s northern Copperbelt region, serve the growing number of Chinese mining firms and immigrants. Recently, the lender … Read more
This deal would make Ethiopia the first nation to recognise the breakaway state. China views Somaliland as part of Somalia’s territory and an internal matter. However, Beijing has been apprehensive of growing ties between Somaliland and Taiwan since 2020, when they set up representative offices. “China supports the federal government of Somalia in safeguarding national … Read more
The annual New Year’s address by Chinese President Xi Jinping on Sunday evening featured a few extra details for sharp-eyed viewers – a handful of new pictures appeared in the video, including an image taken during a forum for the Belt and Road Initiative, family portraits, as well as one of Xi taking an oath … Read more
From the plight of Abul Bajandar, known as “tree man”, to a look at the life of Hong Kong fashion designer Barney Cheng, a reminder of eight of the most-read long features published in the South China Morning Post’s Post Magazine in 2023. 1. More turmoil for “tree man” After his story went global, Bangladeshi … Read more
The ruler reportedly said the project remained viable if financed privately and should be realigned to run through the troubled Forest City mega-project, in which he is a key investor, and that the cost would not have ballooned so much if the government had not been “on-off-on-off” in its decision on the HSR. Malaysia’s decision … Read more
Italy has formally withdrawn from China’s vast Belt and Road infrastructure initiative, more than four years after becoming the only G7 nation to sign up, a government source said Wednesday. The long-expected decision was communicated to Beijing three days ago, according to Italian newspaper Corriere della Sera, without any official statement from either side. An … Read more
