Eurasian Economic Forum

News:The Shanghai Cooperation Organization(SCO) has organized the Eurasian Economic Union meeting. Facts: About the meeting: India had skipped the meeting as the event was organized to discuss and deliberate upon China’s Belt and Road Initiative. The meeting had also promoted the revival of the ancient Great Silk Road in Eurasia in a new, modern format.… Continue reading Eurasian Economic Forum

Bangladesh-China-India-Myanmar (BCIM) Economic Corridor no longer listed under BRI umbrella

China has excluded the Bangladesh-China-India-Myanmar Economic Corridor(BCIM) from the list of projects covered under its Belt and Road initiative(BRI).According to experts,BCIM was excluded after India had turned down an official invite from China to attend the second Belt and Road Forum meet. Under the BRI, South Asia is covered by three major projects namely (a)China-Myanmar… Continue reading Bangladesh-China-India-Myanmar (BCIM) Economic Corridor no longer listed under BRI umbrella

Sri Lanka opens new railway line built with China’s assistance

Sri Lanka has opened a new railway line which was built with China’s assistance.It connects its coastal city of Matara and Beliatta in Hambantota. The 26.75-km long Matara-Beliatta railway line is the first to be constructed in Sri Lanka since it became independent in 1948.The new rail segment will be a boost to Sri Lanka’s… Continue reading Sri Lanka opens new railway line built with China’s assistance

For second time,India declines China’s invite for BRI forum

India has turned down an official invite from China to attend the second Belt and Road Forum meet scheduled to take place later this month. India had boycotted the first Belt and Road Forum (BRF) in 2017 after protesting against the controversial China-Pakistan Economic Corridor (CPEC) which is being laid through the Pakistan-occupied Kashmir (PoK)… Continue reading For second time,India declines China’s invite for BRI forum

Italy to join China’s Belt and Road initiative

Italy is planning to join China’s Belt and Road Initiative (BRI).It will become the first member of the G7 group countries to officially endorse Belt and Road Initiative despite objections from the United States. It is said that Italy is facing difficulties in balancing its growth targets with the EU’s stringent fiscal norms.These tensions surfaced… Continue reading Italy to join China’s Belt and Road initiative

Xi’s BRI faces criticism during China’s annual political sessions

China’s Belt and Road Initiative (BRI) has come under criticism at the annual political sessions of the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Conference (NPC). The main criticism stems from China giving out huge loans valued at billions of US dollars to small countries for infrastructure development over and beyond their… Continue reading Xi’s BRI faces criticism during China’s annual political sessions