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Home China’s Belt and Road Initiative should stop financing new coal power
China’s Belt and Road Initiative should stop financing new coal power
Ending the fuel’s use would help meet climate commitments and foster co-operation with western nations
World Economy News
5 Jul 2021 • 3 min read
The writer is associate professor of law at Beijing Foreign Studies University and author of ‘The Law and Governance of the Asian Infrastructure Investment Bank’
Last month, US President Joe Biden asked his G7 counterparts to back a worldwide infrastructure plan to rival China’s Belt and Road Initiative (BRI). This marked the beginning of his campaign for international co-operation in the area of high quality infrastructure, which may be viewed as a scaled-up, post Covid-19 version of the Trump-era Blue Dot Network. Nevertheless, Biden’s call produced few concrete results.
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Flags and celebrations were the order of the day as the Chinese Communist Party celebrated its 100th birthday on July 1. Many had pinpointed this event as part of the motivation behind the recent crypto crackdowns, as prominent holidays prompt leaders to clean up their jurisdictions so that societal issues don’t distract from the celebrations. A strong and uniform financial system is certainly one of the areas that tends to be the focus prior to these large events.
How young view Party members XINHUA | Updated: 2021-07-01 07:21 Share CLOSE Tourists view cherry blossoms at Wuhan University in Wuhan, capital of Central China s Hubei province, March 8, 2021. [Photo/Xinhua]
This year marks the 100th anniversary of the founding of the Communist Party of China. How do China s younger generations view Party members?
Reassuring, responsible Living in China under the leadership of the CPC makes me feel secure. This is my deepest feeling after the COVID-19 epidemic, said Li Jing, a 39-year-old Wuhan local.
Li contracted COVID-19 last year. The city was locked down on Jan 23 last year and, to be honest, I was very afraid at the time, she said. But soon, medical personnel were sent from across China to help us, which gave me much reassurance.
(CPC Centenary) Feature: How China s younger generations view Party members - China News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.