The G20 meeting of Finance Ministers and Central Bank governors has expressed concerns that trade and geopolitical tensions have intensified raising risks for improving global growth. The meet stopped short of calling for a resolution of a deepening U.S.-China trade conflict. The meeting agreed to compile common rules to close loopholes used by global tech ..
Belt and Road Initiative: GK, Current Affairs, Questions, Trivia and News
In China, the 2nd edition of Belt and Road Forum (BRF – 2019) was officially held in Beijing with theme “Belt and Road Cooperation: Shaping a Brighter Shared Future”. In it, 37 heads-of-state and 159 countries had participated along with United Nations Secretary-General Antonio Guterres and International Monetary Chief (IMF) Christine Lagarde. The BRF is ..
The Chinese government is trying to put up a gentler face on its huge plan for recreation of old Silk Road at a summit where it explained that it has to do more to explain the program and hence boost sustainability even as the state-led media hit at the critics. The Belt and Road Initiative ..
Recently, Italian Premier Premier Giuseppe Conte has pledged to make Italy the first Group of Seven nation to join China’s ambitious Belt and Road initiative, despite objections from the United States and concerns within his governing coalition. While, on 20th March 2019, India signalled that it will boycott China’s second Belt and Road Forum (BRF) ..
Saudi Arabia will be the third “strategic partner” of the $50 billion China-Pakistan Economic Corridor (CPEC). It was announced after Prime Minister Imran Khan returned from his first foreign trip to the cash-rich kingdom. The CPEC is the flagship project of Chinese President Xi Jinping’s Belt and Road Initiative (BRI), which aimed at enhancing Beijing’s ..
Asia-Africa Growth Corridor is an economic cooperation agreement between the government of India and Japan launched in May 2017 with a view to building projects in health and pharmaceuticals, agriculture and agro-processing, disaster management and skill development along with enhancing research and development capacities in Africa. It was started with an inherent aim to discover ..
China released a white paper on its Arctic policy, pledging cooperative governance and elaborating its vision for a “Polar Silk Road” by developing shipping lanes opened up by global warming extending President Xi Jinping’s signature Belt and Road Initiative . Note: China, despite being a non-Arctic state, is increasingly active in the polar region and became an observer ..
Model Questions GS-II: International Relations OBOR Summit In May 2017, China organized a two days grand summit (Belt and Road Forum) to show off its plans to build a great network of trade routes under its One Belt-One Road (OBOR) umbrella. The OBOR is part of its so called “Silk Road Diplomacy”. Meaning of OBOR ..