Considering the historical dominance of US companies in the telecommunication semiconductor business and the software platforms powering smartphones, there is a legitimate concern as to whether Huawei can survive the US sanctions.
At the second Belt and Road Forum, Chinese President Xi Jinping attempted to allay growing complaints that the BRI was a predatory debt trap and said that China would promote high financial and environmental standards to steer its projects.
Nepal’s President Bidhya Devi Bhandari was on a nine-day state visit to China which concluded on April 30, 2019. Invited by Chinese President Xi Jinping, Bhandari also attended and addressed the Second Belt and Road Forum in Beijing.
The Top Ten winners of the annual Skytrax World Airport Awards have recently been announced. They beat out 550 other airports. Being the best was important to them in a hyper-competitive world at a time of shifting geopolitics and geo-economics.
Italy and Greece joined China’s Belt and Road Initiative in March and April, 2019. A major Chinese economic activity in the two Mediterranean countries will center around the development of three historic ports – Trieste and Genoa in Italy and Piraeus in Greece.
Bangkok’s Suvarnabhumi International Airport and Kuala Lumpur International Airport have become Southeast Asian air hubs with intentions to challenge Singapore’s Changi International Airport to be the region’s number one air hub.
Most of the Western criticisms of the BRI are that the initiative is a geopolitical “strategy”. Considering its importance for China’s opening-up in the current stage, we believe it can be further defined as a major international cooperation agenda.
Uzbekistan President Shavkat Mirziyoyev paid an official visit to the UAE from March 24-26, 2019. The UAE with a sovereign wealth fund of USD 800 billion is a valuable economic partner for the cash strapped and doubly landlocked Central Asian country.
The International North-South Transport Corridor is a transit route designed to facilitate the carriage of goods from Mumbai in India to Helsinki in Finland, using Iranian ports and railroads, which Tehran plans to connect to those of Azerbaijan and Russia and its Baltic ports.