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: Reuters
Read more about it here: Three Chinese companies to build Tallinn-Helsinki tunnel
An excerpt from Reuters:
A Chinese-funded Finnish company working on a Tallinn-Helsinki undersea tunnel project said on Friday it will work with three Chinese companies on the final design and building of the 100 kilometer (60-mile) tunnel, which forms part of Beijing’s Belt and Road initiative.
FinEst Bay Area Development said it signed a memorandum of understanding with China Railway International Group, China Railway Engineering Company, China Communications Construction Company. The new partners were needed as Finland and Estonia had limited resources in tunnel boring and high-speed train technologies.
Finland and Estonia have for years considered linking their capitals, which are divided by the Gulf of Finland. The tunnel would cut the travel time to 20 minutes from the two-hour ferry ride, conducted by thousands of people daily. A 2017-published feasibility study commissioned by the two governments said the planned tunnel could open in 2040 but the builders said it could be built by the end of 2024, with some parts opening already before.
This article is by: CNN Travel
Read more about it here: Beijing is building hundreds of airports as millions of Chinese take to the skies
An excerpt from CNN Travel:
Handling more than 100 million passengers in 2018, Beijing's existing Capital International Airport is now the second busiest airport in the world after Hartsfield-Jackson Atlanta International Airport and is hitting full capacity.
At present an average of eight new airports are opening in the country every year.
New airports will also be built in China's west, where there are currently fewer facilities. This will aid the development of this region both for business and tourism but also further Beijing's push to exert its influence over far-flung regions.
"The mainland government has a very clear development strategy to promote the economic development in the less developed areas and locations like the western and northeastern parts of China," says Cheung Kwok Law, director of policy at the Chinese University of Hong Kong's Aviation Policy and Research Centre.
This article is by: The Straits Times
Read more about it here: Greater Bay Area can be 'Silicon Valley and Wall Street'
An excerpt from The Straits Times:
China's ambitious Greater Bay Area innovation cluster will be a key driver of the country's economic growth and will attract talent from not just the region but also around the world, say the three top officials of Guangdong, Hong Kong and Macau. Incentives such as tax breaks, subsidies and talent immigration schemes have been announced in a bid to create a high-tech city cluster that will rival the innovative bay areas of San Francisco, New York and Tokyo.
Designed to push China's economy forward by taking it on the path of innovation and high-tech development, the Greater Bay Area is President Xi Jinping's brainchild and consequently enjoys unprecedented support from the central government. China's Industry and Information Technology Minister Miao Wei said the government will take a hands-off approach and let the market lead. "We will place companies as the main actors. We will reduce micro interventions by the government so that the market can decide on resource allocation."
This article is by: The Economist
Read more about it here: China’s growth is set to perk up after a decade low
An excerpt from The Economist:
“Just over 25 years ago Shanghai launched its metro with a single, stubby line. Since then it has added 15 lines and some 700km, making it the world’s longest metro system. It is far from done. The city recently unveiled plans for another 300km, including overland rail, within five years.
They are part of a nationwide push. The Chinese government has, in the words of state media, hit the “fast-forward button” on infrastructure spending, a tried and tested way to pep up the economy. In the first quarter China’s GDP grew by 6.4% compared with a year earlier, level with the final quarter of 2018—its slowest in a decade. That would still be enviably fast for most countries.
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 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 article is by hzmb.hk
It is about The Hong Kong – Zhuhai – Macao Bridge (HZMB)
It is note worthy because This development has a major influence on world's largest urban area
Read about it here Hong Kong - Zhuhai - Macao Bridge Promotional Video
The nine major cities in the Pearl River Delta: Shenzhen, Dongguan, Huizhou, Zhuhai, Zhongshan, Jiangmen, Guangzhou, Foshan, and Zhaoqing are being combined into the world’s largest megacity.
One of its key projects -as pictured below- is the Hong Kong – Zhuhai – Macao Bridge (HZMB).
The Bridge of about 55 km long, includes a 6.7 km underwater tunnel and a 23-km sea bridge section. The project will be the longest cross-sea passage in the world and it connects the worlds largest urban area based in the Pear River Delta.
The project is not only impressive by its scale, but also in its direct results. One of them meaning that travel-times between the 3 cities Hong Kong, Zhuhai and Macao are reduced from 4 to 5 hours by land, to just a 30 minute drive:
This article is by McKinsey&Company (Tian Jinchen)
It is about The One Belt One Road initiative from China
It is note worthy because This is how China is creating the groundworks for a new economy
Read about it here 'One Belt and One Road': Connecting China and the World
"In 2013, China’s president, Xi Jinping, proposed establishing a modern equivalent, creating a network of railways, roads, pipelines, and utility grids that would link China and Central Asia, West Asia, and parts of South Asia. This initiative, One Belt and One Road (OBOR), comprises more than physical connections. It aims to create the world’s largest platform for economic cooperation, including policy coordination, trade and financing collaboration, and social and cultural cooperation. Through open discussion, OBOR can create benefits for everyone."
Your On-the-Ground People in China.
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