The New Silk Road Project is now completed. This summer, Charles Stevens and his fellows drove up to China on the new Silk Roads to better understand the Belt and Road Initiative.
The China-Pakistan Economic Corridor (CPEC) is now officially open to all international investors. This is an invitation sent to Europe to participate in this major program that will transform Pakistan and South Asia.
“Belt and Road Initiative” infrastructure development and construction projects have great impact in the poorest rural areas, according to AidData.
On August 27, 2018, Greek and Chinese foreign ministers Nikos Kotzias and Wang Yi signed a memorandum of understanding regarding cooperation within the framework of the “Belt and Road Initiative”.
On 21 August 2018, the newly elected Prime Minister Mohamad Mahathir announced the cancellation of three BRI projects in Malaysia, including the “East Coast Rail Link” (ECRL) and two pipelines. But Malaysia is still member of the BRI.
Since 2015, Europort-Lorraine has planned to develop rail transportation from China. A test convoy had left Chengdu on July 13, 2018, but this line needs improvements.
In September 2018, a Sino-Japanese committee on public and private investment along the new Silk Roads might be held in Beijing.
US Secretary of State Mike Pompeo announced on July 30, 2018, at the Indo-Pacific Business Forum the upcoming launch of an infrastructure development plan for Asia.
After a first stop in the United Arab Emirates, Xi Jinping traveled from 21 to 28 July 2018 in four African countries, including South Africa, where he attended the 9th BRICS Summit.
On his way to Africa, Chinese President Xi Jinping made a stopover in the United Arab Emirates, where he met with the Emirates leaders.