1.Since the Belt and Road Initiative (BRI) was launched by President Xi Jinping in 2013, it has become a pivotal feature of China’s domestic as well as its foreign policy. The BRI has the opportunity to surpass the Marshall Plan in terms of the scale and scope of its ambition.
2. When the BRI was first announced, there was a palpable sense of excitement over how the grand-scale investment plans would reshape global trade and relations. This was especially true in Asia, a fast growing region in dire need of investments for infrastructure. Estimates vary between US$1 trillion and US$8 trillion in terms of infrastructure demand for Asia up to 2030.Continue reading “SPEECH DELIVERED AT THE STANDARD CHARTERED BANK BELT AND ROAD FORUM AND CLIENT DINNER IN KUALA LUMPUR BY DR. ONG KIAN MING, DEPUTY MINISTER OF INTERNATIONAL TRADE AND INDUSTRY ON THE 8TH MARCH 2019”