China has always placed ASEAN squarely on the first page of its foreign cooperation agenda, regarding ASEAN as a priority in its foreign policy and a key region for the development of the Belt and Road Initiative.
Debt Trap is originally a western economic term, meaning that a debtor accepts a debt tempted by certain interests and then is trapped in a long-term debt obligation which is hard to get free from due to high interest rates, changing pay-off plans or unreasonably high penalties for late payments.
Papua New Guinea (PNG) and China established official diplomatic relations in 1976, which is reaching its peak in 2018, and likely to continue to grow.
“China got Sri Lanka to cough up a port,” said the New York Times in a widely quoted article published on June 25, 2018.The article claimed, “Every time Sri Lanka’s President Mahinda Rajapaksa turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes.
This by itself makes it a key international event – a type of equivalent of a G7 for developing countries. But BRICS represents a greater proportion of world economic growth than the advanced G7 economies.
The visit was widely welcomed by African development experts as an opportunity for new cooperation between China and the African continent.
Arab states, as important participants and co-creators of the ancient Silk Road civilization located at the juncture of the land and maritime Silk Roads, are natural partners in Belt and Road cooperation.
Chinese Premier Li Keqiang paid an official visit to Germany recently, where he co-chaired the fifth round of China-Germany intergovernmental consultations along with German Chancellor Angela Merkel.
Chinese Premier Li Keqiang visited Europe on July 5-11, where he attended the 7th leaders’ meeting of China and the Central and Eastern European countries (CEEC), in Sofia.
Commencing 26th June,2018，Beijing hosted the newly established China-Africa Defense and Security Forum. The forum has attracted an enormous group of delegations from 50 of the 54 African nations.
Forty years ago, on December 18, 1978, a brand-new China was born with late Chinese leader Deng Xiaoping’s winning vision of “reform and opening-up.” Like the “Long March,” it was a battle to make China modern and prosperous under the Communist Party of China (CPC).
Under the circumstances of Sino-U.S. trade frictions and Pro-Brexit, China and the UK might become convenient bedfellows – centered around the Belt and Road Initiative and free trade.