Global Belt And Road Initiative News October 2020

The most relevant news related to Belt and Road Initiative in a synthetic and organized way, allowing to detect perspectives and trends in just a few minutes.

October 2020

Just the essential

EURASIA

  • TURKEY: Turkey is planning to increase the volume of cooperation with the BRI-related countries in terms of enabling the Middle Corridor, which lies at the heart of the BRI linking Turkey to Georgia and Azerbaijan via rail, crossing the Caspian Sea and reaches China through Turkmenistan and Kazakhstan. Turkey is set to become an important center for the BRI. The country will build a transit-loan based main container port in the Eastern Mediterranean, which will be operating as a gateway to the Middle East and Central Asia.

SOURCE: FORBES


CENTRAL ASIA

  • KYRGYZSTAN: Analysts say it could be a long time before Chinese investors are confident about doing business in Kyrgyzstan, where political uncertainty has made it one of the least attractive partners in its Belt and Road Initiative (a parliamentary election on October 4 triggered mass protests and the occupation of the parliament building amid allegations of vote rigging).  Among the Chinese targets, protesters tried to occupy a Chinese-owned oil refinery.

SOURCE: SOUTH CHINA MORNING POST


SOUTH ASIA

  • PAKISTAN: Pakistani militants opposing Belt and Road attacked a convoy escorting staffers of the Oil and Gas Development Co. Ltd. (OGDCL), who had been carrying out a seismic survey to discover gas in Gwadar block. 14 security men were killed.  Baloch Raji Ajoi Sangar, an alliance of militant ethnic Baloch separatist groups, claimed responsibility for the attack.

SOURCE: ASIA NIKKEI

SOUTH ASIA

  • BANGLADESH: China wants to align its strategies with Bangladesh and jointly promote the ambitious Belt and Road Initiative (BRI). Bangladesh had asked for Chinese funds for nine new projects worth US$ 6.4 billion, including for a new port and a bridge. China has emerged as Bangladesh’s largest development partner in recent years and has pumped in funds for several infrastructure projects, a growth in ties that would be closely monitored by India.

SOURCE: HINDUSTAN TIMES

SOUTH ASIA

  • SRI LANKA: Sri Lanka is willing to make every effort to promote China’s Belt and Road projects in the country, such as the comprehensive development of Colombo Port City and Hambantota Port. Publicly refuted the claim that China had set up a debt trap to control the country.

SOURCE: COLOMBO PAGE SRI LANKA

SOUTH ASIA

  • SRI LANKA: China is building in Sri Lanka a second seaport as part of the Belt and Road Initiative. The new port is located in the capital of Colombo and is part of an estimated $8.3 billion invested so far by China since 2013. The news was released during the U.S. Secretary of State Mike Pompeo visit for meetings with Sri Lankan President to urged Sri Lanka to maintain democratic governance in the face of growing Chinese influence.

SOURCE: THE WASHINGTON POST


ASIA PACIFIC

  • LAOS: China and Laos are ready to strengthen cooperation with on jointly building the Belt and Road, Chinese Foreign Minister said when meeting with his Lao counterpart.

SOURCE: CGTN

ASIA PACIFIC

  • THAILAND: China plan to integrate Thailand’s Eastern Economic Corridor, which runs from Bangkok south to the coastal town of Rayong, with the BRI. China also pressed for progress for the construction of the China-Thailand high-speed railway running from Bangkok to the northeastern city of Nakhon Ratchasima, plagued by delays.

SOURCE: THE DIPLOMAT


AFRICA

  • ALGERIA: China is willing to work together with Algeria to bolster the alignment of the Chinese Belt & Road Initiative. China expressed its readiness to promote full cooperation with Algeria to lift the bilateral comprehensive Strategic Partnership to a higher level.

SOURCE: BELT AND ROAD NEWS


GLOBAL

  • GLOBAL: As US aid program agency Millennium Challenge Corporation (MCC) has developed its partnership with many underdeveloped countries where China-proposed Belt and Road Initiative (BRI) programs have been established. Some have speculated is increasingly a part of Washington’s countermeasures against the BRI.

SOURCE: GLOBAL TIMES