This article is by: World Economic Forum
Read more about it here: What you need to know to understand Belt and Road
An excerpt from World Economic Forum:
Announced by Chinese President Xi Jinping in 2013, the Silk Road Initiative, also known as China's Belt and Road Initiative, aims to invest in infrastructures projects, including railways and power grids, in central, west and southern Asia, as well as Africa and Europe.
If all goes according to plan, the Belt and Road will change the shape of the world economy and world politics, returning us to a time when China occupied the center of global networks.There will be new infrastructure, of course, and that will be an obvious and easy metric of success. In twenty or thirty years some of the new Belt and Road projects will likely stand as the highest example of what human ingenuity can achieve in its drive to master natural forces. A bridge crossing the Caspian Sea may make road transport between Europe and China fast and easy, changing old mental maps separating continents.
As it expands, the Belt and Road is bound to become also increasingly futuristic. Self-driving vehicles on land, sea and air and trillions of connected devices worldwide will be empowered by a Belt, Road and Space fleet of China-centered satellites. Chinese companies are already planning to engage in deep-space economic activity, like building orbit solar power plants, and mining asteroids and the moon.
This grand project is measured in decades, with its conclusion planned for 2049, the centenary of the founding of the People’s Republic of China.
This article is by: Foreign Policy
Read about it here: China’s Global Investments Are Declining Everywhere Except for One Region
An excerpt from Foreign Policy:
The total value of China’s global investments and construction contracts actually fell by $100 billion in 2018, according to data analyzed from the American Enterprise Institute’s China Global Investment Tracker. Just about every region saw a significant decline in Chinese investment or construction projects except, surprisingly, for one: the Middle East and North Africa (MENA).
Of the 2018 MENA total, nearly three-quarters was targeted at Egypt, the United Arab Emirates, and Saudi Arabia. Those three countries also make up half of the “$20 billion club”—the group of countries with more than $20 billion worth of projects from China dating back to 2005.
A flurry of Chinese investment and construction projects in the MENA region over the last three years has made it a key geoeconomic partner for Beijing. The MENA region ranked as the second-largest recipient of investment and Chinese construction projects worldwide after Europe in 2018.
This article is by Channel News Asia
Read more about it here: Addressing people’s aspirations Central to role of governments: DPM Teo Chee Hean
An excerpt from Channel News Asia:
“While we are guided by time-tested principles, we have to think creatively to design new policies and programs that will meet the aspirations of our people as we enter into a new phase of our development journeys, said DPM Teo.’
“We need to constantly expose our future leaders to new ideas, give them opportunities to learn from the experiences of others, and to make friends with future leaders from around the region and the world,” said DPM Teo.
“This is why platforms like the Singapore-China Forum on Leadership have such an enduring importance.”
This article with animation is by visualcapitalist.com
Learn about it here: Animation: The Biggest Economies in 2030
An excerpt from Visual Capitalist Animation:
“Already 5 of the 10 largest companies in the world are located in China and by 2030 the Chinese economy may end being twice the size of the United States."
"As this shifts occurs Western economies may need to adjust to new realities on the global economic stage.”
This article is by South China Morning Post
Read about it here: China’s US$7 billion railway link to Laos is almost half done, on schedule to begin service in 2021
An excerpt from South China Morning Post:
"China’s railway line to Laos, a 414km (257 miles) link between the Yunnan’s provincial capital of Kunming and the Laotian capital Vientiane, is almost half complete, putting it on schedule to begin service in December 2021, said the chief of Lao Railways.
Trains on the line can travel at up to 160 km/h (100mph), cutting the travelling time between the two cities to three hours from three days, said Lao Railways’ director general Somsana Ratsaphong. Tickets will start from US$20 a trip."
This article is by Visual Capitalist
Read about it here: The Countries Adding the Most to Global Growth in 2019
An excerpt from Visual Capitalist:
"Developing Asia has increased its share of the global economy (in PPP terms) from 8.9% to an estimated 34.1% today. This dominant region includes China, India, and other fast-growing economies.
The European Union and the United States combined for 51.5% of global productivity in 1980, but they now account for 31% of the total economic mix."
This article is by Visual Capitalist
It is about The total foreign direct investment globally
Read about it here: Map: Foreign Direct Investment by Country
Click on the image for the full article
This article is by The Financial Times
It is about China opening up to financial groups
It is note worthy because As this is a significant update out of many new policies enhancing trade.
Read about it here: China accelerates opening to foreign financial groups
This article is by Today Online
It is about The belt and road initiative
It is note worthy because Singapore and China are realizing closer official business ties.
Read about it here: Closer business ties for S'pore, China, as countries ink MOU for Belt & Road initiative
This video is by Channel News Asia
It is about the rise of the economic influence China has gained and is gaining
It is note worthy because this shift marks a new are we are entering now
Watch the video here: Will China use its economic might as a tool to achieve its own geopolitical objectives?
Your On-the-Ground People in China.
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