The China-Pakistan Economic Corridor, as part of the Belt and Road Initiative, has been making remarkable progress, yet some countries and observers are trying to belittle its enormous potential benefits by labeling it a "debt trap".
The China-proposed Belt and Road Initiative is a "very important contribution" to the global economy, Changyong Rhee said.
The Belt and Road Initiative has charted a new course for international cooperation, tapped new drivers for world economic growth, built new platforms for relations among countries, and created substantial amount of job opportunities for countries along the route.
The ISR is an open initiative that abandons geopolitical thinking and advocates cooperation and a win-win perspective.
The modernization of Italian ports not only will have an impact on the "Mediterranean equilibrium" but also implies a possible competition with ports of Northern Europe.
China is an "extremely important" partner for Latin America and the Caribbean, with 19 countries having joined the construction of the China-proposed Belt and Road Initiative.
At no time did China intend to take the Hambantota port. It was the Sri Lankan government that requested China bail out the Hambantota port after it incurred heavy losses.
The Philippines gained "real and actual benefits" from joining the Belt and Road Initiative, Philippine Trade and Industry Secretary Ramon Lopez said on Thursday, predicting the Philippines will cont...
Those who are interested in doing business with Chinese partners in countries involved the Belt and Road Initiative should work together to create an ecosystem of a "one-stop shop", providing diversi...
Debt risk in Africa has been a long-standing problem. The recent debt increases are mainly due to the financial crisis and its ripple effects. Now could be the ideal opportunity for Africa to curb ad...