China's new Silk Road hits political, financial hurdles
World | Jan 11, 2018, 06:51 PM IST"Belt and Road" is interwoven with official efforts to export Chinese rail, hydropower and other technology and steel, aluminum and other industrial goods.
"Belt and Road" is interwoven with official efforts to export Chinese rail, hydropower and other technology and steel, aluminum and other industrial goods.
The state-run Chinese media today said that India’s refusal to join China’s Belt and Road Forum was “partly a show” for domestic politics.
Chinese President Xi Jinping today announced that his country will host the next Belt and Road International Forum in 2019.
To provide more funding for his pet initiative, Xi stated that China will also encourage financial institutions to expand their overseas yuan fund businesses to the tune of to 300 billion yuan (about USD 44 billion).
China is all set to host the Belt and Road Forum, a two-day event on May 14 and 15, aimed at formally kicking off the "One Belt, One Road" Initiative.
China’s ambitious plan to build a "new Silk Road" of ports, railways and roads to expand trade in a vast arc of countries across Asia has raised eyebrows not only in its neighbourhood but all across the world.
Adding another terminal to the rail freight between China and Europe, the first China-bound freight train carrying British products left London on a 12,000-km journey on Monday.
Notwithstanding India’s sovereignty concerns in the PoK, China has said that it will expand its reach following the United Nations Security Council’s (UNSC) endorsement of the Silk Route.
Tehran: The first train to connect China and Iran arrived in Tehran today loaded with Chinese goods, reviving the Silk Road or Silk Route -- an ancient network of trade routes that were central to
Bishkek: Governmental representatives and experts from more than 10 countries exchanged their practical views in the international conference on "Common Development and Prosperity of the States along the Silk Road" held in the capital city
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