Chinese officials insist that the BRI is not a zero-sum strategy. They say it is a win-win game.
Chinese have selected the slogan of “Contribution by All, Benefits for All” for the huge BRI project.
As the largest project of the century, the BRI links 70 countries across Asia, Europe, and Africa through a network of railroads and shipping lanes. Yet, the Global Times says the BRI is intended to boost China’s trade and infrastructure links with more than 80 countries in Asia, Europe, Africa and South America.
OBOR Implications for Connectivity and Regional Trade for 2030
China’s „One Belt One Road “Initiative has been allocated as its most determined project ever in trying to shape and influence behavior in the international system in line with her growing figure. At the same time, mounting Sino-Africa relations have been the subject of scholarly debate with supporters taking an optimistic view, also presented by China herself, of this relationship being a win-win partnership. Critics led by the US argue China is just using Africa to extract resources for its use, an allegation she disproves. The authors therefore sought to look at Sino-African relations but focusing on the implementation of One Belt, One Road, in the African continent.
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Reportedly, China has so far invested more than $900 billion in projects in countries partner to the BRI. Examples are a gas pipeline in Pakistan, a 336 kilometer rail line linking Budapest to Belgrade, and a high-speed rail link in Thailand.
In 2016, China established the Asian Infrastructure Investment Bank (AIIB), an international development bank to help build infrastructure in BRI countries— almost like the Asia-Pacific equivalent of the IMF.
This funding comes at a time when the state-owned entities face difficulties raising finance from local banks and investors. Eskom has growing debt burden that stood at over US$25 million at the end of March 2018; the loan secured from China Development Bank raised its debt ceiling significantly. Absent a revenue surge to help with interest payments, Eskom could be compelled to convert its debt into equity.
Linear DMS is one of the pioneer companies to go into IoT in Malaysia and its original vision was to help other companies on their IoT journeys. But while it waits for companies to catch on, it has developed its own product range and is going into many different industries.
For instance, it has gone into agriculture, where farmers and plantation owners have been doing things in practically the same way for generations, Choong says.
Another big buzz word – and terror – for people when we think of automotive disruption is the idea of autonomous driving, cars that drive themselves as robots take over some of the functions we though humans would always do; like accountants and doctors.
The truth though is that it’s already happening – and we are quite happy with it. We use Excel and other programmes to do our books, we e-file to Sars, we ‘mis-diagnose’ by Google, smartphones monitor our heart rate and work out the calories we’ve consumed. When we travel, we might use smart passports and be admitted to countries without even speaking to a customs official. We could eat in restaurants and order food without asking a waiter.
Why You Need to Know About Event Apps and Gamification
Gamification is one of the hottest trends in the business world. Incorporating game elements can be a great way to motivate and engage customers and employees alike -- using an activity that has appealed to humankind since its beginnings.
"Humans have been playing games for thousands of years. Some argue that games predate culture," said Brandon Marsala, creative director of content and strategy at Mindspace.
"Knucklebone dice and painted stones were used by ancient peoples to hone skills, develop critical thinking, or just pass the time," he told the E-Commerce Times. "Games are a part of us. Whether it's competition with others or competition with ourselves, games are miniature versions of our lives: We strive to achieve -- to overcome challenges."
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While a shift towards modern solutions -- when implemented properly -- can result in better visibility on the factory floor and in supply chains, a boost in revenue and an uptick in efficiency, artificial intelligence (AI) may have the potential to push Industry 4.0 even further forward.
On Thursday, professional services company Deloitte analyst David Schatsky released a new report examining the part AI may play as a catalyst in the manufacturing sector to promote so-called "pervasive" intelligence and smart machines.
AI is moving rapidly and annual shipments of AI-supporting devices is expected to increase from an estimated 79 million in 2017 to 1.2 billion by 2023. Companies including Intel, IBM, Microsoft, and Google are all involved in AI-related projects, and as AI becomes more advanced, these kinds of technologies also become more commonplace and pervasive.
China’s internet courts
Anno 2018, China now has several Internet Courts that take up internet related disputes. These courts can be found in Beijing, Guangzhou and Hangzhou, and generally take up internet related cases.
With the setting-up of these courts, the question came to mind if with these specialized courts, also the rules for evidence needed to be changed in the sense that new technology evidence, in the form of blockchain, should be allowed as evidence without notarisation.
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