In April 2018, it was revealed that Singapore has invested SGD 27 billion into the Chongqing Connectivity Initiative since the project broke ground in 2015. The four priority sectors are financial services, aviation, transportation and logistics, and ICT.
Vostok-18 is the largest military exercise hosted by Moscow since the 1980s. It involves a massive 300,000 troops and 1,000 aircraft joined by 3,200 soldiers from China’s People’s Liberation Army armed with 900 military equipment and 30 helicopters.
A Chinese start-up claimed to have developed an original web browser Redcore totally on its own and thus to have broken the US monopoly in this area. However, some Chinese engineers found that the browser was actually heavily based on Google’s Chrome browser
The incoming Imran Khan government of Pakistan will ask the IMF for a USD 12 billion bailout package, highlighting the new economic reality facing some Belt and Road Initiative participating countries and the need to formulate new rules governing the program.
China used more than 45 percent of global semiconductor production, and it only makes 15 percent of worldwide semiconductors locally. The country ran a trade deficit of USD 193 billion in 2017 on semiconductor trade.
With its new Silk Road strategy, China has set in motion a timely initiative that may very well un-fold dynamics towards a wholesome development for the Eurasian countries. This is an opportunity for deep, pragmatic, well-considered, and orchestrated collaborative strategies.
Recent difficulties facing the implementation of infrastructure projects that are being constructed under China’s Belt and Road Initiative have highlighted the political risk faced by such multiyear projects when hosted in countries with democratic systems of government.
One under-discussed aspect of the Belt and Road Initiative is how ancient Chinese wisdom can help facilitate regional cooperation. It might be interesting to find out how ancient Chinese philosophy can better facilitate the BRI’s implementation in its culturally-diverse setting.