A 2015 IMF report ranks Pakistan third among countries facing such scarcity, with 2025 seen as a crisis point, if not before. BRI is an opportunity that Pakistan intends to fully utilize to overcome its trade and energy deficiencies.
A joint report released last month by four prominent Chinese think tanks has shed new light on Shanghai’s commercial potential. Ranking it the best business city in China, the WANB Institute, China Strategic Culture Promotion Association, China Economic Media Association, and YICAI Research Institute analyzed a series of interdependent factors that contribute to Shanghai’s urban business environment index. The result was not a complete surprise since Shanghai has been leading China’s growth for quite some time. But the study does offer an opportunity for China watchers to understand what makes the city’s economy so remarkable. One of the major reasons for Shanghai’s success is the infrastructure index that turned out to be the highest in all of China. The city has established itself as the de facto business capital by modernizing its infrastructure to cater to businesses from across the globe heading to China to benefit from the world’s second-largest economy. A monumental US$21 billion investment last year was spent on mega projects such as the construction of the Yangshan deepwater port, the renovation of the Hongqiao International Airport and the expansion of the metro network. Shanghai is the world’s fifth largest financial hub and is working its way up to becoming the global leader. This January, an action plan was approved by the State Council to make the city […]
The government, as well as the wider ranks of parliamentarians, still have to decide what to do about Britain’s contentious membership of the European Union (EU).
Theresa May’s long-awaited resignation announcement opened the race for her successor.
“Poverty eradication is only the first step; better days are yet to come,” Xi wrote in the letter.
The Digital China Contest is promoting use of the latest technologies and scientific ideas to address various problems faced by individuals and nations overall.
At the same time, the BRI is also helping the world meet many of the UN’s 17 Sustainable Development Goals (SDGs).
Skepticism around the BRI has always existed. In the context of the world economy, the Asia-Pacific economy, despite positive trends, is also facing uncertainty and challenges such as stagnant growth. China’s BRI, with interconnectivity as the acting point, promotes the flow of production factors and public goods to further unleash economic growth potential.
Today’s world is significantly different from the one in which humans lived in for the last 200 thousand years.
Italy has signed of a memorandum of understanding to become part of China’s Belt and Road Initiative, or BRI — one of the top highlights of cooperation during President Xi Jinping’s recent visit to Italy.
Many opposition MPs want a second referendum in order to cancel Brexit, emboldened by a media campaign portraying the 17.4 million “Leave” voters as ignorant reactionaries, racists and nationalists, and forecasting catastrophe should Brexit go ahead.
The conference is jam-packed with activities, and topics for the daily sessions have been carefully selected to highlight global and regional issues. Experts from around the globe will present their ideas and suggest a way forward in these sessions.
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