A survey by the European Chamber of Commerce has shown that China’s BRI (Belt and Road Initiative) is not benefiting European companies. The study indicates that China’s state-owned companies are favored over foreign competitors, with European companies often given short shrift in the bidding process. To date, only 20 out of 132 such firms said ...
Chinese President Xi Jinping recently warned Party members not to use the fight against corruption as an excuse to laze around and do nothing. He was speaking at a meeting of senior Party leaders. The warning “You absolutely cannot view anti-corruption as an excuse to not accept responsibility or to do nothing… Be brave to ...
Maros Sefcovic, Vice President of the European Commission, has criticized China’s ambitious Belt and Road Initiative (BRI), saying that the project is risky from a debt and environmental perspective. He positioned Europe’s connectivity strategy as a better alternative to the BRI while attending the recent Belt and Road forum in Beijing. EU infrastructure policy “For ...
With Italian Prime Minister Giuseppe Conte suggesting that his country might soon be a part of China’s Belt and Road Initiative (BRI), the U.S. has asked Italy to refrain from such commitments with Beijing. Opposition parties are also said to be quite disturbed by the government’s decision. Italy and BRI “Italy is a major global economy and ...
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