Under the Belt and Road Initiative (BRI) framework, the cooperation between China and the Association of Southeast Asian Nations (ASEAN) has made great progress in infrastructure and trade. Though COVID-19 severely impacted traditional industries this year, China and the ASEAN are seeing new opportunities to accelerate cooperation on technology.
The ongoing protests in Belarus, a vital traffic hub in Eurasia, will not pose threats to the country's cooperation with China, especially on projects under the Belt and Road Initiative (BRI), and companies in the key industrial park and Chinese scholars are speaking highly of bilateral relationship. An employee of The China-Belarus Great Stone Industrial Park reached by the Global Times on Monday said that most of the Chinese companies in the park were not affected by the social unrest in Belarus, and the BRI projects in the country were unlikely to be impacted in the future.
Since the multibillion dollar China-Pakistan Economic Corridor was launched in 2013, there has been cynical scrutiny of the project, arguably more so than other China-backed overseas investments. The United States has led in the criticism, cautioning that CPEC projects are neither transparent nor cost-efficient, and warning Islamabad that it is subjecting itself to expensive loans under China’s Belt and Road Initiative – through which Beijing has pledged more than US$60 billion so far.
Dwindling harvests, dropping demand and export supply chains hit by the coronavirus are biting into Pakistan's mango industry, with producers of the prized fruit battling to weather a disastrous season. Across Pakistan's "mango belt" in Punjab and Sindh provinces, farmers complained a long winter and changing rain patterns have slashed production by up to half this year – just as virus shutdowns sparked border restrictions and spiraling export costs.
The Asian Infrastructure Investment Bank is expected to engage in more areas beyond infrastructure investment, in order to leverage additional funds from the private sector globally and boost the post-pandemic recovery, analysts said. Green financing and the digital economy are expected to be listed in the development goals of the AIIB, experts told China Daily on Wednesday after the conclusion of the bank's fifth annual meeting.
As leaders, officials and experts meet virtually on Tuesday for a meeting of the 102-member Asian Infrastructure Investment Bank (AIIB), they will likely focus on boosting regional and global cooperation, and highlighting the urgency to stand up to a rising tide of anti-globalization amid profound challenges posed by the COVID-19 pandemic, Chinese experts said on Monday. The meeting also comes as the US increasingly seeks to stir up tension in Asia and beyond. In a speech scheduled for the annual meeting of the China-initiated multilateral investment bank, Chinese President Xi Jinping will also likely reiterate China's unwavering support for inclusive global cooperation and encapsulate China's long-standing guiding principle for foreign policy that is based on mutual respect and benefit, in stark contrast to the US' ideologically driven and inward-looking approach defined by its recent relentless attacks on China, experts noted.
On Aug. 19, Liu Zhiqin, said in an interview with Shenzhen TV that from the situation in Hong Kong, the United States may impose financial sanctions on some individuals and enterprises, etc., to restrict the receipt and payment of funds through SWIFT, but to kick the whole Hong Kong out of SWIFT completely is very complex and sensitive, almost impossible. Because Hong Kong belongs to the most important re-export trade and international financial center in Asia, the US has huge economic, trade and financial interests in Hong Kong, and excluding Hong Kong from SWIFT will not only affect Chinese institutions and Hong Kong, but also all international institutions in Hong Kong will be seriously affected.