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Belt and Road Updates, July 18

Belt and Road Updates, July 18

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 […]

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Belt and Road Updates July 11

Belt and Road Updates July 11

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 […]

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BRI Update July 4, 2019

BRI Update July 4, 2019

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, […]

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BRIX participate in Global Public Transport Summit in Stockholm

BRIX participate in Global Public Transport Summit in Stockholm

2019-06-13 From the 9th to the 12th of June, a BRIX delegation, comprised of BRIX Chairman Ulf Sandmark and board member Lydia Liu, took part in the UITP Global Public Transport Summit in Stockholm to bring the Belt and Road Initiative to the 350 exhibitors and 2,500 participants for three days. The BRIX members met with both Chinese and Swedish companies and many others informing about the BRIX and exchanging contacts. They also attended the presentations by Huawei, the China railway company CRRC and others from the Middle East and North Africa. Fruitful discussions and exchanges were made. The 2019 UITP Global Public Transport Summit was held at the Stockholm Convention and Exhibition Centre (Älvsjö Mässan) from 9 to 12 June. On the last day, the BRIX members visited the China Railway Tunnel Company in the morning and visited the China Car Company and the booths of Sweden and Germany. They also participated in the Transport Seminar on the Construction of the Future Middle East and North Africa. The exhibitors they visited were very interested in the work of BRIX, which they believed was a very important and meaningful work. The 130-year old UITP Biennial Summit is the worlds largest […]

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BRI Update June 18

BRI Update June 18

2019.06.21 Shanghai Cooperation Organisation members Support Belt and Road Initiative. The two-day 19th summit of the Shanghai Cooperation Organization (SCO) in Bishtek, Kyrgyzstan concluded on June 14 with the issuance of a joint declaration, and the signing of 14 agreements, including many bilateral cooperation agreements among the heads of state attending. There was particular emphasis on combating international terrorism and upholding the principles of multilateralism. However, the SCO is increasingly incorporating economic cooperation as a key element of the security and stability of this Eurasian part of the world. Concerning the Belt and Road Initiative and its close coordination with the Eurasian Economic Union (of which Russia, Kazakhstan and Kyrgyzstan are members), the Bishkek Declaration stated: “The Republic of Kazakhstan, the Kyrgyz Republic, the Islamic Republic of Pakistan, the Russian Federation, the Republic of Tajikistan and the Republic of Uzbekistan reaffirm their support for China’s Belt and Road Initiative and praise the results of the Second Belt and Road Forum for International Cooperation (Beijing, 26 April 2019). They note the ongoing work to implement this initiative together, including the efforts to align the Eurasian Economic Union projects with those under the Belt and Road initiative.” It is noteworthy, though, that […]

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All videos of Second Belt and Road Forum in Stockholm are available now!

All videos of Second Belt and Road Forum in Stockholm are available now!

All the speeches and discussion panels of the BRIX-organized Second Belt and Road Forum in Stockholm on May 22, 2019 are available in video on the BRIX YouTube Channel. CLICK on the video title or speaker to watch! Opening remarks by BRIX Chairman Ulf Sandmark Keynote speech by H.E. Ambassador of the People’s Republic of China to Sweden, Mr. Gui Congyou. Speech of H.E. Ambassador of Pakistan to Sweden, Mr. Hussain Dayo on the China-Pakistan Economic Corridor. Speech of H.E. Ambassador of Portugal, Mr. Henrique SIlveira Borges on Portugal-China economic cooperation. Speech of Hon. Mr. Thore Vestby, former member of the Norwegian Parliament on the Norwegian and Swedish attitudes to the BRI. Lars Aspling: Part 1, The amazing Chinese economic development in the past 30 years. Hussein Askary: Africa’s transformation thorugh the Belt and Road Initiative. Lars Aspling: Part 2, Why Europe and Sweden should join the Belt and Road Initiative. First Panel Discussion, Second Belt and Road Forum in Stockholm. Stephen Brawer, Vice Chairman of BRIX: Dialog of Cultures rathern than Geopolitics. Professor Mike Danilovic: the BRI as a Business Opportunity for Swedish SMEs. Researcher Jasmine Liuhua liu: “Exploring Chinese Business Culture”. MBA Student Suci Ariyanti: The China Conundrum! […]

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BRI Update June 11

BRI Update June 11

Eurasian Economic Union and the Belt and Road Initiative Create Synergies: On June7, China’s President Xi Jinping and his host at the St. Petersburg International Economic Forum (SPIEF), Russian President Vladimir Putin emphasized the importance of closer coordination between the China-initiated Belt and Road Initiative (BRI) and the Russia-initiated Eurasian Economic Union (EEU). This would create the largest economic area on the planet both in number of nations and geographical outreach. The Shanghai Cooperation Organisation (SCO), which will have its summit meeting on June 14-16 in Bishkek, Kyrgyzstan, will bring together many nations of both groupings, but also significantly India, which is neither a member of the BRI nor EEU. President Xi Jinping: The Belt and Road Initiative addresses the Crisis of the century: Speaking at the Plenary session of the SPIEF on June 7, President Xi Jinping opened by saying that the world is facing “profound changes unseen in a century,” and that “China stands ready to make joint efforts with the international community to create an open and pluralistic world economy, a happy society that is inclusive and benefits all, and a beautiful homeland with harmonious coexistence between humanity and nature, and explore a new path of sustainable […]

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BRI Updates

BRI Updates

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 […]

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Ambassador of China Speech at BRIX Second Belt and Road Forum in Stockholm

Ambassador of China Speech at BRIX Second Belt and Road Forum in Stockholm

Jointly Build a High Quality Belt and Road for a Future of Sustainable Development Keynote Speech by Ambassador Gui Congyou at The Second Belt and Road Forum in Stockholm Organized by BRIX on May 22, 2019. Excellencies, experts, scholars and friends from the business community, Good morning. Last month, the second Belt and Road Forum for International Cooperation was successfully held in Beijing, leading the joint efforts to build a high quality Belt and Road into a new stage. Today’s seminar hosted by the BRIX group is very timely and relevant, and will certainly promote China-Sweden “Belt and Road” cooperation. Over the past six years since President Xi Jinping proposed the “Belt and Road Initiative”, our BRI circle of friends has grown ever bigger, quality of cooperation ever better and prospects for development ever brighter. Over 150 countries and international organizations signed cooperation agreements with China to build the BRI together. Nearly 40 heads of state and government and nearly 5000 foreign participants from over 150 countries and international organizations attended the second Belt and Road Forum for International Cooperation, achieving 283 cooperation outcomes and signing contracts worth over USD 64 billion. These numbers fully demonstrate that the BRI is […]

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Big Turnout for Belt & Road Forum in Stockholm

Big Turnout for Belt & Road Forum in Stockholm

The 2nd Belt and Road Forum in Stockholm, held on Wednesday, May 22, the China Cultural Center, was an exceptional event and powerful demonstration of the great interest in the Belt and Road Initiative (BRI) and cooperation with China in Sweden, a country whose political elites and mainstream media are still skeptical and oblivious to the BRI. The international nature of this full-day event was almost unprecedented in terms of the discussion of the BRI in this country. A sizeable portion of the foreign diplomatic corps in Stockholm turned out to discuss the outcome of the Second Belt and Road Forum for Economic Cooperation (BRF2) which took place in late April in Beijing. 33 diplomats including 13 ambassadors from four continents joined business representatives, academicians as well as one Swedish parliamentarian, a city councilman, and 4 journalists, forming an audience of over 100 persons. The event was organized by the Belt and Road Executive Group for Sweden (BRIX), in collaboration with the China-Sweden Business Council. Ulf Sandmark, the Chairman of the BRIX, gave the opening speech of the morning session, pointing out that the BRI is not just railways or trade routes but ‘development corridors’. The BRI is definitely not […]

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