$64 bn deals signed at BRI summit: Xi

Chinese President has said that $64 billion deals were signed at the recent summit on his Belt and Road Initiative(BRI) and more nations would join the global infrastructure programme. Further,a document released after the meeting showed that Equatorial Guinea, Liberia,Luxembourg,Jamaica,Peru,Italy,Barbados,Cyprus and Yemen were the latest countries to join the Belt and Road Initiative(BRI). China’s Belt… Continue reading $64 bn deals signed at BRI summit: Xi

China to hold 2nd BRF meet on Thursday;India to give it a miss

China is going to hold its 2nd Belt and Road Forum (BRF) to showcase its Belt and Road Initiative(BRI) but without India’s presence for the second consecutive time.Recently,India had decided to turn down an official invite from China to attend the second Belt and Road Forum meet. China’s Belt and Road Initiative (BRI) is an… Continue reading China to hold 2nd BRF meet on Thursday;India to give it a miss

China ready to wait for India’s BRI participation

China has said that it was ready to wait for India’s participation in China’s Belt and Road Initiative.But it has also said that India could be negatively impacted if it joins Belt and Road Initiative at a later stage as it will lose opportunities due to participation of international organisations at the upcoming BRI event.… Continue reading China ready to wait for India’s BRI participation

Malaysia approves Chinese project after price is slashed

Malaysia has reopened a closed Chinese rail construction project after China agreed to slash the price by 30% from the original cost.Under the reworked deal,the 648-km rail link will now cost $10.6 billion. The concession to Malaysia is part of a broad reassessment of China’s ambitious infrastructure program known as the Belt and Road Initiative,… Continue reading Malaysia approves Chinese project after price is slashed

India’s Act East policy can meet OBOR: Chinese envoy

India’s Act East policy can meet OBOR: Chinese envoy News: Days ahead of a likely meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping along the sidelines of the G20 summit in Argentina, Chinese Ambassador Luo Zhaohui in the 1st India-China Youth Dialogue held recently batted for the ‘One Belt One Road’ project.… Continue reading India’s Act East policy can meet OBOR: Chinese envoy