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’s Belt and Road Initiative (BRI) in Nepal remains a non-starter despite recent assertion by the Himalayan state’s deputy prime minister that the two countries will “very soon” sign a plan to implement the ambitious infrastructure programme. Nepal and China signed a memorandum of understanding on BRI in 2017. Nearly seven years since, not a … 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Italy has formally withdrawn from China’s vast Belt and Road infrastructure initiative, more than four years after becoming the only G7 nation to sign up, a government source said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
