News from World

tag: Belt

20 February 2023

China’s investments in African infrastructure projects fell by 54% last year

Under the sweeping Belt and Road Initiative, China has broadened economic and political influence across Africa. But Chinese lenders and development banks have grown cautious as economic growth slows and borrowing costs rise. That brought funding for Africa projects down to $7.5 billion last year from $16.5 billion in 2021. Whether investment returns to previous levels will largely depend on China’s economic recovery from its zero-COVID policy, the South China Morning Post reported. The country’s most ambitious years of development finance may be behind it.

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.

27 June 2022

Value chains: $600 billion infrastructure from G7 competing with Chinese investments in Africa and Asia

The world's wealthiest democracies on Sunday announced a $600 billion global infrastructure initiative to counter China’s push to exert political and commercial influence through massive investments across emerging economies. [G7 unveils $600B plan to combat China's Belt and Road – Politico.eu]

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.

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