This tag is associated with 37 posts

China Ratifies The Freshly-Minted BRICS Bank

China has officially ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. China’s Parliament has ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. The BRICS grouping … Continue reading

China Officially Launches The Asian Infrastructure Investment Bank (AIIB)

The Chinese-led Asian Infrastructure Investment Bank (AIIB) officially launched on Monday following a signing ceremony of the bank’s articles of association that took place in Beijing. Chinese President Xi Jinping greeted 300 delegates from the bank’s fifty-seven founding-member countries where they would later determine the total share capital, each member’s voting share of capital, the governance structure, decision-making mechanism, and operational … Continue reading

Why India Should Join China’s Maritime Silk Road

By Geethanjali Nataraj Chinese President Xi Jinping proposed the concept of the Maritime Silk Road (MSR) — now a part of the One Belt, One Road initiative — during his visit to Indonesia in October 2013. The MSR is an attempt to promote economic cooperation and connectivity by reviving the ancient maritime Silk Road trading … Continue reading

Hungary Becomes First European Country To Join China’s New Silk Road Initiative

Hungary has officially become the first European country to ink a cooperation agreement for China’s New Silk Road initiative, a package of strategic initiatives to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road, to develop trade and transport infrastructure across Asia and beyond, China’s Foreign Ministry said late on Saturday. The Foreign Ministers of Hungary … Continue reading

Russia Gets Very Serious On De-Dollarizing

By F. William Engdahl Russia is about to take another major step towards liberating the Ruble from the Dollar System. Its Finance Ministry just revealed it is considering issuing Russian state debt in Chinese Yuan. That would be an elegant way to decouple from the dependence and blackmail pressures from the US Treasury financial terrorism operations … Continue reading

China To Allocate $900 Billion In Belt And Road Initiative

“China announces plans to boost the Belt and Road trade by creating economic corridors and investing nearly $900 billion in countries along the route,” China Daily reports. China plans to connect Asia and Europe with funding from the Asian Infrastructure Investment Bank  (AIIB) and the Silk Road Fund. Vice-Premier Zhang Gaoli said the country is considering six economic … Continue reading

China’s New Roads To Russia

By F. William Engdahl I know of no comparable global Great Project to equal what is now unfolding, bit-by-bit, as China reveals more about her Silk Road Economic Belt high-speed railway infrastructure network. And it’s now clear that the road will be filled with entire new cities, industrial zones, construction, improving standards of living for hundreds … Continue reading

China’s New Silk Road Stretches To South America

By Andrew Korybko Chinese Premier Li Keqiang is visiting South America, and it’s expected that he’ll formalize its regional version of the Silk Road, the Twin Ocean Railroad, during his trip. This far-reaching project endeavors to construct a 5,300 km railroad from Brazil to Peru, traversing some of the world’s most difficult and sensitive terrain. Along … Continue reading

“One Belt, One Road” Strategy Enhances Xi Jinping’s Control Over Chinese Economy

By Dr. Willy Wo-Lap Lam Much of the world’s interest in China’s “One Belt, One Road” (OBOR) strategy—a reference to the Silk Road Economic Belt (SREB) and the 21st Century Maritime Silk Road (MSR)—is focused on the geopolitical implications of one of the most ambitious initiatives of Chinese President Xi Jinping. Yet OBOR also has immense … Continue reading

China’s Infrastructure Gambit In Southeast Asia

By Tomoo Kikuchi and Takehiro Masutomo The governments and people of Southeast Asia must develop a strong sense of ownership and control over infrastructure projects as China increasingly directs its investments towards the region’s infrastructure. China has pledged US$40 billion for its ‘New Silk Road Fund’ to strengthen transport networks in and between its neighbours. … Continue reading

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