Today, when the 10th anniversary of the Belt and Road Initiative is celebrated, China is creating new balances with its steps within the scope of the initiative. Beijing, which has been increasing its closeness with Saudi Arabia for a while and accelerating bilateral relations, is on the path of a strong partnership with Riyadh. The two countries launched a large green and low-carbon initiative in the petrochemical sector on 29 March 2023 under the Belt and Road Initiative. In this context, a fine chemicals and raw material project worth 12.2 billion dollars has come to the fore in Panjin, a…
Author: Şeyma KIZILAY
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Since 2013, when China officially started the Belt and Road Initiative, the international importance of the countries included in the project has increased. The China-Pakistan Economic Corridor (CPEC), which is one of the main corridors of the initiative, is very important due to its route and the connection it will provide. In this respect, the project can be described as the “flagship” or “heart” of the Belt and Road Initiative. The corridor aims to connect the northwestern region of China to the Arabian Sea through Pakistan’s Gwadar and Karachi Ports. This corridor is very important for the states of the…