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Has Belt And Road Initiative (BRI) Reshaped Global Cooperation And Prosperity Over The Past Decade?

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Belt And Road Initiative

(CTN NEWS) – A full decade has transpired since China introduced the Belt and Road Initiative (BRI), a visionary project designed to foster the development of participating nations while catalyzing global economic expansion through enhanced cooperation and connectivity.

In commemoration of the BRI‘s remarkable 10-year journey and with the intention of orchestrating top-tier collaborative efforts within the Belt and Road framework alongside all partner nations.

China has announced its decision to convene the third Belt and Road Forum for International Cooperation in October, as revealed by the Chinese Foreign Ministry.

The BRI, which takes its name from the Silk Road Economic Belt and the 21st-century Maritime Silk Road, was initially conceived by China in 2013 to construct intricate trade and infrastructure networks that would link Asia with Europe, Africa, and other regions, essentially reviving the historical trade routes of the Silk Road.

A decade of practical implementation has unequivocally underscored the BRI’s status as a significant global public asset.

China, in its unwavering pursuit of shared prosperity, generously extends the fruits of its development to both individual countries and the global community as a whole.

Extensive Cooperation Agreements: China’s Global Engagement in the Belt and Road Initiative (BRI)

During the last decade, China has inked over 200 cooperation agreements for jointly advancing the Belt and Road Initiative (BRI) with 152 nations and 32 international organizations.

This extensive outreach encompasses a remarkable 83 percent of the countries with which China maintains diplomatic relations, as reported by the National Development and Reform Commission, China’s national economic planning agency.

The data unequivocally demonstrates that BRI collaboration has yielded concrete advantages for both China and the nations participating in these initiatives.

The Gwadar Port project in Pakistan, once mired in delays, is now firmly on the path to becoming a regional connectivity hub that will benefit Pakistan, Afghanistan, and Central Asia, thanks to the involvement of Chinese enterprises.

This strategic port is a pivotal development component within the framework of the Belt and Road Initiative (BRI), particularly as part of the China-Pakistan Economic Corridor.

In the past 14 months, the port has efficiently managed the handling of more than 600,000 tonnes of cargo.

The initial phase of the Gwadar Port’s Free Zone has also seen the establishment of over 30 enterprises engaged in various sectors, including overseas warehousing, fisheries processing, edible oil processing, furniture manufacturing, electric vehicle assembly, as well as trade and logistics.

As Adhere Cavince, an international relations scholar from Kenya, aptly states,

“The BRI is a message of goodwill from China to other developing countries. It allows emerging economies to draw lessons from China’s experiences and seize the opportunities arising from China’s willingness to share the benefits of its development.”

The Belt and Road Initiative (BRI): A Catalyst for Global Development and Connectivity

The Belt and Road Initiative (BRI), established as a novel platform for international economic cooperation, has emerged as a powerful force propelling poverty reduction, fostering trans-regional connectivity, and catalyzing the advancement of new economic frontiers.

Official statistics reveal that within the framework of the 3,000 BRI cooperation projects, approximately 420,000 job opportunities have arisen, consequently lifting nearly 40 million individuals out of poverty.

According to projections from the World Bank, if the BRI’s transport infrastructure is fully realized by 2030, it is anticipated to boost global real income by an impressive range of 0.7 to 2.9 percent, elevating 7.6 million people from extreme poverty and lifting 32 million individuals from moderate poverty.

Moreover, BRI initiatives have significantly enhanced the accessibility of infrastructure connections across regions and continents.

For instance, the China-Europe Railway Express has extended its reach to 211 cities in 25 European countries, while the New International Land-Sea Trade Corridor has effectively linked China’s central and western regions with more than 300 ports in over 100 countries.

Simultaneously, BRI partner nations have proactively engaged in international collaboration within emerging domains, notably the digital economy. The Digital Silk Road, an integral part of the BRI, is evolving into a digital conduit facilitating a novel form of globalization.

“In the past 10 years, the BRI has been a transformative force on the global stage, ushering in greater multilateralism and creating more favorable conditions for countries aligning themselves with this initiative,” remarked Boris Tabic, former President of Serbia, in a statement to CGTN.

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London has Canceled the Hot Air Balloon Festival for the Fifth Consecutive Year.

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Hot Air Balloon

(CTN News) – The hot air balloon festival that was supposed to take place in London has been postponed for the sixth year in a row due to worries regarding the absence of acceptable weather conditions. It was scheduled to take place in London.

In spite of the fact that the Lord Mayor’s Hot Air Balloon Regatta was supposed to take place in the nation’s capital on Sunday, it was canceled for the fifth year in a row, as well as for the second time this year after it was postponed from July 7 owing to wind conditions.

This is the second time that it has been cancelled this year.

Second year in a row hot air balloons aren’t on the schedule.

The organizers are hopeful that the hot air balloon event, which was due to begin at five in the morning in Battersea Park, may now take place on the 28th of July instead.

This is because the most recent successful event, which took place in 2019, has given them reason to believe that the event would be successful. Previously, the event was scheduled to start at five in the morning, according to the preparations.

As part of the historic activities that will take place during the Lord Mayor’s Show, fifty hot air balloons will take flight across the downtown area of London. The purpose of these flights is to promote awareness and funds for the Lord Mayor’s Appeal.

There will also be a regatta that will be participating in the activities, which will also be included in them. Beginning in the year 2015, the group has been able to effectively raise more than two hundred and fifty thousand pounds.

It has been decided to hot air balloon postpone the activities that were supposed to take place in the years 2020 and 2021 as a result of the global coronavirus epidemic.

On the other hand, the editions that were scheduled to take place in the years 2022 and 2023 have been canceled as a result of the severe weather that has been occurring.

In light of the fact that wind conditions forced them to cancel the flight that was scheduled to take place on Sunday morning, the organizers have now made the announcement that they are hoping to reschedule it for the following Sunday, which is the next of the several possible days that are allocated each year.

This occurs in light of the fact that the flight was supposed to take place on Sunday morning.

Wind conditions forced them to cancel their hot air balloon flight.

In their separate social media accounts, they explained, “Unfortunately, the predicted change in wind direction for the hot air balloon flight today has not materialized, and we have made the difficult decision to cancel the flight for the safety of every member on board,” they stated.

It is our sincerest apologies for any inconvenience this may cause you. It is our sincere apologies for any inconvenience this may cause you.”

We would want to use this opportunity to express our gratitude to everyone who has reached out to us and shown their support, particularly the members of the general public who have communicated with us and attended the trip.

We are moving forward with this, and the next standby date that we are pushing forward with is the next Sunday, which is the 28th of July.

The fact that hot air balloon are going to be floating over a number of well-known locations in London this year has been brought to the attention of the organizers of the event. Some of the most well-known landmarks in London are Buckingham Palace, the London Eye, the Houses of Parliament, the Tower of London, and Tower Bridge.

It is anticipated that Lord Mayor Michael Mainelli would serve as the leader of the ceremony. He will also be the one to lead the ceremony.

SOURCE: IN

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A Skydiving Plane in New York Crashed, Killing One Person.

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Skydiving

(CTN News) – On Saturday, a plane that was being used for skydiving was involved in an accident that resulted in the death of one individual. The event took place in Niagara County, New York.

The occurrence took place at some point throughout the course of the day. Saturday marked the beginning of the investigation into the tragedy that had taken place earlier than anyone had anticipated.

The authorities in New York began their investigation. It turned out that the catastrophe had occurred earlier than anyone had anticipated on their part.

According to a statement that was released by the Federal Aviation Administration, a single-engine Cessna 208B, which was a plane that was used for skydiving, crashed close to Lake Road in the vicinity of Youngstown, New York, at approximately one o’clock in the afternoon. The plane was used for jumping.

The plane served as a platform for skydiving.

In order to perform vertical jumps, the plane was deployed. According to a press statement that was given by the Niagara County Sheriff’s Office on Saturday and reported by News.

the airplane that was used by the Skydive the Falls skydiving center had released all of the divers and was on its way back to land when it crashed.

The statement was issued by the Niagara County Sheriff’s Office. News  was the one that distributed the news release. The announcement was made public by CNN, which served as the source.

According to Tammy L. Jones, a representative for the Federal Aviation Administration (FAA), the pilot, who was the only person on board, was reportedly practicing parachute operations before to the accident. Jones stated that the pilot was the only person on board.

The official from the FAA was the one who offered this information here. For more specific information, the Federal Aviation Administration was the source.

However, according to Skydiving Niagara County Sheriff Michael Filicetti, who mentioned this information during a press conference on Saturday, it is still unknown how many divers were on board prior to the disaster.

This information was stated by Filicetti. It was indicated during the press conference that this information was available. Filicetti shared these particulars in his statement, which may be seen here.

It was also indicated in the notice that a brush fire had begun around the crash site later on. This information was included in the warning. Additionally, this was mentioned in the notification that was sent out.

Putting out what Filicetti describes as “a significant fire at that point,” the first squad to arrive on the site was the one responsible for putting out the fire.

The Skydiving fire was to be extinguished by them.

The statement that the sheriff released referred to the plane crash as “an unfortunate incident.” He also noted that local and federal law and Skydiving enforcement officers are collaborating in order to undertake an investigation into the sequence of events that led up to the disaster.

In addition to this, the sheriff mentioned that the investigation will be carried out in conjunction with the federal authorities.

If I am being really honest with you, I am of the opinion that this circumstance is precisely the same as any other emergency-related problem… As soon as you arrived, you decided that you wanted to make an attempt to save people’s lives.

As a result of the specific circumstances that we were dealing with, we were unable to pursue that particular course of action,” Filicetti explained further.

Following an interview with News, Peter Knudson, a spokeswoman for the National Transportation Safety Board, provided the following statement: “It is anticipated that an investigator from the agency will arrive at the crash site on Saturday.”

Knudson, who also confirmed that the investigation will continue, stated that the investigator will continue to Skydiving document the debris of the airplane, which will then be sent to a secure facility for additional examination. Knudson also confirmed that the investigation would continue.

Additionally, Knudson was quoted as saying that the probe will proceed.

According to News, the investigation will Skydiving concentrate on three primary aspects: the pilot, the aircraft, and the environment in which the aircraft is operated throughout the investigation. In this investigation, these are the key aspects that will be looked into.

SOURCE: AP

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Malaysia’s Coast Guard has found the Oil tanker Involved in the Crash off Singapore’s Coast.

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Coast Guard

(CTN News) – A large oil tanker that had been involved in a Coast Guard disastrous collision with another vessel two days ago off the coast of Singapore was discovered and intercepted by the coast guard of Malaysia, according to a statement that was made on Sunday.

The disaster occurred off the coast of Singapore with another vessel. There had been an accident that took place two days previously.

The disaster had occurred the day before, with the occurrence taking place off the coast of Singapore. The calamity had taken place just the day before. Two days previously, the accident had also taken place in the vicinity of Singapore’s coast.

Also affected was the neighborhood. Indeed, this was the fact. At the time of the accident, Singapore and Malaysia were both taken aback by the magnitude of the catastrophe that had taken place off the beaches of their respective countries.

According to a Coast Guard report on Saturday.

At least two members of the crew have been injured after a collision involving the tanker Ceres I, which was flying the flag of Sao Tome and Principe, caused a fire and resulted in the vessel leaving the scene of the accident.

A report on the findings of the study has been released. According to the report, the tanker had moved away from the location where the event occurred.

We received the information from the United States Coast Guard, which was the entity that provided it to us. The report states that the tanker was reported to have left the location where the event took place. This information is according to the report.

Additionally, it was believed that the ship had disabled its tracking system, as stated by the Coast Guard. Specifically, this was mentioned in the report. Within the report that was made public, this particular point was brought to the forefront.

It was reported that the Ceres I was found in the waters of Malaysia when it was being hauled by two tugboats, as indicated in a statement that was made by the Coast Guard on Sunday, proclaiming the discovery. The statement was released in order to announce the finding.

The statement provided an explanation as to how the discovery turned out. Following the discovery that was reported, the remark was made as a response to the situation.

It has been reported that the Coast Guard has taken two tugboats and the Ceres I into custody in order to undertake more investigations.

Based on Coast Guard information provided in the article.

This type of detention is being carried out in order to guarantee that the Coast Guard will be able to conduct an appropriate investigation into the sequence of events that led up to the tragedy.

The United States Coast Guard issued a statement on Sunday stating that aerial scans that were carried out by the Coast Guard discovered minute residues of an oil spill near the site of the collision between the Ceres I and the Hafnia Nile, which happened to be flying the flag of Singapore at the time of the collision.

The statement was issued in response to the fact that the Coast Guard had discovered the oil spill. The collision that occurred between the two vessels was the initial cause of the oil spill.

The announcement was made available to the general public by the Coast Guard not long after that. The statement was issued by the Coast Guard, which was the specific organization that issued the statement.

It was noted in the release that “the environment department has been informed and will conduct further monitoring,” which is the same thing that was expressed in the warning. This was done in order to convey a better level of clarity.

SOURCE: USN

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