China’s drive to de-dollarization, and the emergence of the RMB Yuan as a global reserve currency has increased. China’s RMB settlements with Belt and Road countries stood at 5.42 trillion yuan (US$763.4 billion) in 2021, up 19.6% year on year, according to the People’s Bank of China.
The Food and Agriculture Organization of the United Nations (FAO) and the Shanghai Cooperation Organization (SCO) intend to facilitate trade in agri-food products between SCO member states. The aim is to look at new ways of facilitating cross-border trade, including the organization of green corridors, as well as the creation of cross-border wholesale distribution centres.[…..]
The Euro has declined against all BRICS currencies during 2022 The BRICS countries are working on establishing a new reserve currency to better serve their economic interests, according to Pavel Knyazev, Deputy Director of the Russian Foreign Ministry’s Foreign Policy Planning Department. The new currency will be based on a basket of the currencies of[…..]
Khyrollah Khademi, the Deputy Minister of Iran’s Road and Urban Development, has stated that the Iran’s Construction and Development of Transportation Infrastructures Company have completed the four-lane road project in Iran’s North-South Corridor (INSTC). Â
Project to boost Issyk Kul Lake regional tourism The final route of the highway project between Kyrgyzstan and Kazakhstan has been confirmed, according to Aizada Ozbekova, of Kyrgyzstan’s Ministry of Transport and Communications.
All the latest global headlines throughout the Belt and Road Initiative Compiled By Chris Devonshire-Ellis Analysis & Opinion West follows China’s lead with its own ‘Belt and Roads’ (Asia Times) Building Bridges? PGII versus BRI (Brookings) American Innovation Can Counter China’s BRI (The National Interest) The US and the I2U2: Cross-Bracing Partnerships Across the Indo-Pacific[…..]
Six sites in China and Russia to jointly provide cooperative navigation, communication and surveillance systems China and Russia have signed contracts for the deployment of China’s Beidou system stations in Russia, and Russia’s GLONASS stations in China, Russia’s state corporation Roscosmos has stated. The cooperation paves the way for strategic cooperation in satellite navigation projects.
Alignment between the BRI and Caspian Corridors a Priority The 3rd China-Türkiye Communication Forum was held on September 26, 2022. The forum, jointly sponsored by China International Communications Group (CICG), and Turkuvaz Media Group concentrated on the development of deeper bilateral strategic cooperation in politics, economy and trade, culture, education, and science and technology. We[…..]
China Southern Airlines will start operating direct flights between Urumqi In China’s Xinjiang Province and Tashkent (Uzbekistan) from October 14 this year, according to Uzbekistan Airports. Regular flights will be carried out on Boeing 737 and Boeing 787 aircraft once a week on Fridays. The flying time is about 2 hours as the aircraft crosses the[…..]
Guigang City, in south China’s Guangxi Province has been focusing on developing an industrial cluster of new energy vehicles (NEVs) and electric bikes (e-bikes), and promoting their use to new markets across the Belt and Road Initiative.