News from World

tag: BELT AND ROAD INITIATIVE

23 January 2023

Costs of China’s concrete diplomacy

Many major Chinese-backed infrastructure projects around the world are falling apart. China’s $1 trillion “Belt and Road” initiative stretches from Asia and Africa to Latin America, investing in hydroelectric dams, housing projects, and other critical infrastructure. But concerns are growing over construction flaws at multiple China-financed and built sites, The Wall Street Journal reported. [China's Global Mega-Projects Are Falling Apart - WSJ]

21 December 2022

Global Gateway: The EU strengthens cooperation with developing countries against BRI

EU to launch Global Gateway projects, challenging China’s Belt and Road (BRI). Officials finalize project details, amid reports that Beijing is slowing investment approvals. [EU to launch Global Gateway ...- Politico]

05 October 2022

The relocation of Chinese companies to Cambodia is consolidated but slows down outside Southeast Asia due to the difficulties of the BRI (Belt & Road Iniziative)

@KhmerTimes writes: "A new leather goods factory in the province of Kampong Speu in Cambodia, will create more than 2,000 jobs" and @fibre2fashion recalls that there are currently 186 shoe factories in the province of Kampong Speu that employ 148,367, including 115,475 women. Chiosa @WTPfootwear: "One of the main destinations for the migration of Chinese leather goods entrepreneurs in recent years has been Cambodia." Outside Southeast Asia, however, the emergence of financial problems related to the Belt & Road Initiatives (BRI) program is slowing the expansion of Chinese production sites around the world.

05 April 2022

The potential of Bangladeshi leather export along the belt and road initiative

Bangladesh has a great deal of prospects to increase its leather exports to the countries of the Belt and Road Initiative (BRI). This article of the Dhaka Tribune argues that the leather sector could boost Bangladesh's exports diversification strategy to reduce the country’s overdependence on the ready-made garments (RMG) sector.

25 January 2022

INDONESIA TO BUILD “THE WORLD’S LARGEST GREEN INDUSTRIAL ZONE” WITIN THE BELT & ROAD INITIATIVE

PT Kalimantan Industrial Park Indonesia (KIPI), a consortium of companies from Indonesia, China and the United Arab Emirates, is funding the $132 billion project in North Kalimantan, Indonesia. Indonesia is the largest economy in Southeast Asia and will have much to gain from the huge new industrial area under construction in North Kalimantan.

25 January 2022

BELT & ROAD INITIATIVE IN MOROCCO

In early January, Morocco and China signed a joint implementation plan for projects related to the Belt and Road Initiative, as provided for in the 2017 Memorandum of Understanding on the BRI. The commercial objective is the port of Tangier, the continent’s freight distribution hub. Agreement reached on a 35% stake for Chinese companies to build a $10 billion technology hub in Ain Dalia (Tangier Tech City).

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