BRI, BRICS, & Global South~
Climate loss-&-damage fund clash
A major clash between developing nations and the West evident in lead up to COP28 at end of November. Last year’s UN Climate Change summit (COP27) in Egypt marked a victory for developing nations when they secured agreement to establish a new fund to support the victims of climate disasters – an idea many developing countries had been advancing for decades. A transitional committee (composed of members from developed and developing countries) […]
Nigeria’s BRI Mega-Projects
Railways and Mega-Projects: Realizing Nigeria’s Prosperity Dream. In this article commemorating the 10th anniversary of the Belt & Road Initiative, Nigeria’s ambitious mega-infrastructure dreams take center stage. Nigeria’s Rail Renaissance: A Century in the Making Nigeria’s railway heritage stretches back over a century. However, after decades of underinvestment and mismanagement, the once-vibrant system crumbled, making travel arduous, particularly between the northern business hub of Kaduna and the capital, Abuja. Nigeria, with […]
Spreading science to Global South
Article by Alex Lo, from the South China Morning Post. Belt and Road Initiative is spreading science and technology across Global South. The 10th anniversary of the massive global infrastructure program recalls how it is working closely with developing countries to acquire much-needed technical know-how for growth and development.SCMP According to the standard Western narrative, China’s Belt and Road Initiative is all about laying debt traps and building white elephants […]
BRI Debt Sustainability Framework
China’s Finance Ministry has released an updated Belt and Road Debt Sustainability Analysis Framework. The aim of the Framework is to enhance debt management and sustainable financing for countries participating in the Belt and Road initiative. It is a tool formulated on the basis of good international practices and realities of the countries along the Belt and Road. China and financial institutions in other countries in the Belt and Road […]
No China debt trap in Africa – IMF
BRI & Africa – No China ‘debt trap’ in Africa says the IMF.Video link: vibby.com/v/XJZNWnu_Tye In a recent report the International Monetary Fund (IMF) indicated that while economic ties between sub-Saharan Africa and China have grown significantly in the last two decades, China’s share in the region’s overall sovereign debt remains relatively small at approximately six percent. The IMF said that the sub-Saharan Africa region’s debt distress stems mainly from […]
BRI and the original Silk Road
Will BRI change the world as much as the old Silk Road did? THE ORIGINAL SILK ROAD quietly crept into existence over many years, but ended up transforming much of the world. China’s new Silk Road is already doing the same. A total of 151 countries were represented at the Belt and Road Initiative gathering last week—and 215 new BRI projects were announced for the coming months. But how exactly […]
Growing rice in the Dubai desert?
Chinese scientists successfully grow rice in Dubai desert. Rice is a food staple of the United Arab Emirates (UAE) yet the country is almost wholly reliant on food imports and food security is a national priority. In 2018, the UAE launched its National Food Security Strategy to increaseproduction by 30-40% in 10 years. The UAE’s plan is for half the food consumed in the Emirates to be produced locally by […]
China’s development path, 1949-2022
We republish this important and extremely informative article by Professor Michael Dunford, surveying and explaining China’s development path, 1949-2022. We recommend this thoroughly researched and detailed article to readers. Abstract China’s path is conceived as a transition of an economically under-developed and semi-colonised country of the Global South into a modern socialist country in a multipolar world where successive steps (modes of regulation) were shaped by China’s external environment (uneven […]