Following Xi Jinping’s visit to Myanmar, the China Myanmar Economic Corridor is getting more attention from Chinese and foreign investors.
Malaysia’s state of Sabah is looking for being part of the Belt and Road Initiative and invites Chinese companies to invest in Sabah Economic Corridor.
Indonesian President Joko Widodo, re-elected in April 2019, proposed the creation of a special fund for BRI projects in Indonesia.
On April 12, 2019, the Malaysian government announced that they agreed with China to resume the East Coast Rail link, a BRI project.
Italy’s undersecretary of state Michele Geraci stated that the BRI is a debt trap for Sri Lanka, Malaysia and maybe Pakistan!
The China-Southeast Asia Economic Corridor is an important component of the BRI and will link Yunnan Province to Singapore.
On November 20 and 21, 2018, Chinese President Xi Jinping made an official visit to Manila and met with his counterpart Rodrigo Duterte. Philippines are now officially part of the Belt and Road Initiative.
China and Singapore upgraded their Free trade Agreement. This FTA now mentions the Belt and Road Initiative.
Both countries also agreed to further develop the International Land Sea Trade Corridor (ILSTC) or Chongqing Connectivity Initiative.
At a forum organised by the IMF and the World Bank in Bali, Indonesia, China’s Vice Minister of Finance, Ms. Zou Jiayi, reassured the international community about China’s commitment to solve possible debt issues.
“Belt and Road Initiative” infrastructure development and construction projects have great impact in the poorest rural areas, according to AidData.