The China Securities Regulatory Commission (CSRC) has authorized seven Chinese and foreign companies to issue “Belt and Road Initiative” bonds for a total of 50 billion RMB through Shanghai and Shenzhen Stock Exchanges.
European companies show strong willingness to participate in the BRI; it is now up to European governments to support this trend and promote trade between Europe and Asia.
On March 2, 2018, China Mobile inaugurated its new offices near Paris. It is the third Chinese phone company to enter the French market after China Telecom and China Unicom.
Two Asian airlines companies Air Astana (Kazakhstan) and Cathay Pacific (Hong Kong) will begin reciprocal codeshare partnership for several destinations from Central Asia to Australia.
The new Silk Roads are receiving more and more attention from European media. This project raises fears of Chinese hegemony, but everyone agrees that the BRI is also creating opportunities and development. Two British students have decided to make up their minds for themselves and take the road to explore this new line of communication between Europe and Asia.
In late February 2018, this program was further advanced with the creation of a Digital Belt and Road International Center of Excellence in Thailand. This center is the result of cooperation between the National Research Council of Thailand (NRCT) and the Chinese Academy of Sciences.
In 2018, Xinjiang Autonomous Region will invest 450 billion RMB in infrastructure.
Investment projects will focus mainly on the expansion of Urumqi Airport, and the province’s rail and road networks.
These new investments reflect China’s desire to make Xinjiang an important hub to Central Asia and Pakistan.
Australia, the United States, India and Japan are reportedly discussing the formation of a competing project for China’s Belt and Road initiative. The best option for the EU is to join China’s Belt and Road Initiative to better protect its interests.
Since 2009, China has become Malaysia’s largest trading partner. Under Xi Jinping’s presidency, Chinese investment in Malaysia has seen strong growth. While most investments have been concentrated in the infrastructure, transportation and real estate sectors, new, more diversified investments are expected.
The 2nd MEDports forum was held in Marseille on February 7-8, 2017.
The MEDports forum aims at boosting cooperation among ports located on the North and Southern coasts of the Mediterranean sea. A MEDports association was inaugurated at the conclusion of the forum.
During this event a special session was dedicated to the Belt and Road Initiative.