China Leading Global Transportation Investment in Africa: A new report has identified China as the largest non-continental investor in rail and transportation projects in Africa, and shone a light on the potentials of the New Paradigm economy. China now has 21.3% of an investment market now estimated at $430.3 billion. The figures were compiled by Project Insight (a firm which creates business management software), whose authors tracked 448 “large-scale transportation projects” involving road, rail and bridges, across the continent. The authors highlight that both the IMF and Africa Development Bank project—even with existing infrastructure density—forecast continued growth for the region, and state that this growth rate will only increase when these projects are realized. The executive summary of the 31-page report takes particular note of the Chinese influence throughout the continent. “China has made numerous investments across Africa,” they write “becoming a major financier of key transport projects in the region. At least five African countries have had their railway systems funded by China: Kenya, Ethiopia, Angola, Djibouti and Nigeria. “Based on the pipeline of projects tracked by the publisher, Chinese contractors are involved in road and railway projects that account for 21.3% of the overall project pipeline value,” followed […]
China’s Belt and Road Initiative Keeps Expanding and Developing Nations: China’s Belt and Road Initiative continues to expand, leading nations and billions of people out of backwardness, and into development, through massive scientific-technological projects. A relating of some of the recent, important developments: ** Indonesia has asked China to set up a special fund within its Belt and Road Initiative for investment in Indonesia, Southeast Asia’s largest economy. Indonesia drew up a menu of 30 projects, worth $91 billion, that China could invest in. Indonesian President Joko Widodo made the request for a special fund during a meeting with China’s President Xi Jinping on the sideline of a G20 summit in Japan last week. Were China to agree to such a special fund, then Indonesia’s Finance Minister Sri Mulyani Indrawati is doing a study to create it. Already, the BRI is involved in Indonesia. The most high-profile BRI project is a $6 billion high-speed rail project connecting the capital, Jakarta, to the textile hub of Bandung– where the founding conference of the Non-Aligned Movement was held. The contract was awarded to a consortium of Chinese and Indonesian state firms in 2015. Another project is a $1.5 billion hydropower […]
The Belt and Road at the G-20 Summit in Japan: The Chinese President Xi Jinping brought the up the role of the Belt and Road Initiative in “building a high-quality world economy” in the G-20 meeting in Osaka, Japan on June 28. In his speech, President Xi said: “The G20 is the premier forum for international economic cooperation. We, as the leaders of major economies, are duty bound to re-calibrate the direction of the world economy and global governance at this critical juncture, work together to boost market confidence, and bring hope to our people.” He emphasized the importance of thinking on a long-term basis, an idea that has been missing from the Western-dominated, short-term profit maximizing economic philosophy of the past 30 years. “We must keep in mind our shared future. In today’s world, all countries’ interests are closely intertwined. We have a high stake in each other’s future. By expanding common interests and taking a long-term view, we can realize enduring peace and prosperity in the world and deliver a better life to all our people. We must not allow ourselves to become prisoners of short-term interests and make irrevocable mistakes of historic consequences,” Xi said. President Xi, […]
We witness very often articles and commentaries in mainstream media in the west and from so-called experts on China that the Belt and Road Initiative (BRI) “is vague”, that there is no list of nations that participate in it, and that it has no definition nor an agency that defines what it is. Here we show that the opposite is correct. There are very clear-cut concepts of the BRI if you consult the original sources. There are also lists of nations participating in it. There are documents and reports that outline its course and development. Here are some of the sources that we in the BRIX deem as useful in this respect. Chinese sources and documents: The most important official Chinese informationsource is the Belt and Road Portal. Here, we find news, docuemtns, and updates about the BRI. Here, we also find an updated list of the nations that participate in the BRI through signing memoranda of understanding with China. länder som har anslutit sig till BRI. The most important official document defining the BRI is the “Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road”. The Chinese National Development and Reform Commission (NCDR), […]
Weekly BRI update May 27-June 3 Compiled by: Mark Bender Edited by: Hussein Askary Africa Zimbabwe, Mozambican leaders meet [at Ramaphosa inauguration] – 25 MAY, 2019 – 00:05 President Mnangagwa last night met his Mozambican counterpart, President Filipe Nyusi, and discussed the forthcoming summit between the United States of America and African states to be hosted by the country’s neighbour next month, among other bilateral issues. https://www.herald.co.zw/zim-mozambican-leaders-meet/ China denounces sanctions on Zimbabwe – 28 May, 2019 SANCTIONS imposed on Zimbabwe are not just illegal, but unjust and should be removed as they are causing underdevelopment and the suffering of innocent people. Addressing delegates at the commissioning of the US$10 million brick and tile manufacturing plant at Sino Zimbabwe Cement Company (SZCC) on the outskirts of Gweru yesterday, Chinese Ambassador to Zimbabwe Mr Guo Shaochun said China, as an all-weather friend of Zimbabwe, will continue supporting the country so that it transforms into an upper middle-income economy by 2030. “We hope that through our joint efforts, we will be able to provide more support for Zimbabwe to rebuild and restore its industry, achieve economic independence and alleviate the suffering of its people caused by illegal and unjust sanctions. “In any case, it’s unfair to […]
Original information about the Belt and Road Initiative
We are frequently confronted with the question of getting real information about the Belt and Road Initiative (BRI) that is not filtered through the views of journalists and think-taks in the Western world (who are usually sceptical if not hostile to China and the BRI). Our aim is to provide objective information from the original sources, i.e. the initiators and developers of the BRI, China and the nations that have joined the initiative. The BRI is not a fixed agreement, but it is an “initiative” to which all nations are invited to contribute and shape. However, since China is the main initiator and supporter of the BRI, it is natural to try to understand it through the eyes of the Chinese institutions. We will be updating these sources, as the BRI evolves and expands.
The most imprtant official source of BRI information is The Belt and Road Portal. Here you can find news, documents, and other updates about the BRI. Here, you can also find an updated list of the nations that have joined the BRI. A simplified infographic presentation is also available.
On the Vision and goals of the BRI
On March 28th, The Belt and Road Initiative Executive Group for Sweden (BRIX) co-organized a highly successful full-day seminar on the Belt and Road Initiative (BRI) together with the Halmstad University in southwest Sweden and Connect Sverige, a non-profit association that assists small and medium size companies to reach out and grow, the Lingang Group in Shanghai and Shanghai Dianji University. This event was unique and almost unprecedented in Sweden, because it brought together a very wide-range of expertise on the BRI, the global economy past and present, China’s economic and industrial transformation, and the philosophical and scientific basis for dealing with the BRI and China from a Swedish and Western standpoint. The more than 60 attendees came from many different parts of Sweden, and from as far as Norway (former member of the Norwegian Parliament Thore Vestby). One very important recurring theme in the whole seminar is the acknowledgement of the fact that, first, there is a need to seek objective and prejudice-free knowledge of the BRI and China itself; second, the acknowledgement that in dealing with China there is a need to recognize that it has a different history, culture, and political and social system that is unique […]
(BRIX) Italy and China have signed the famous Memorandum of …