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China continues major investment in the new Silk Road

The new multipolar world order

Updated October 11, 2025, Published September 17, 2025 – By Editorial staff
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The new Silk Road, also known as Belt and Road, is not just an infrastructure project but also one of the foremost international meeting places outside the Western bloc that currently involves over 150 countries.

This year's media forum in Kunming, the capital of Yunnan Province in southwestern China, is the ninth in the series and is attended by media organizations from 87 different countries, including The Nordic Times.

The name of the BRI initiative or less formally "the new Silk Road", alludes to the famous trade route that for one and a half millennia linked China, Europe and Africa until the 1400s when the Ottoman Empire completely blocked the trade routes.

BRI is an official Chinese economic and diplomatic initiative originally formulated by Chinese President Xi Jinping in 2013 with a stated foundation in so-called multilateralism, in simpler terms based on dialogue and voluntary exchanges between independent actors. In a broader sense, BRI's purpose is described as promoting intercultural communication and exchange between nations and civilizations "to contribute to mutual benefits and understanding" and through this method improve conditions for peaceful development and long-term global stability.

A series of major infrastructural projects have emerged from the initiative, with the long-term ambition to create modern transport and trade routes between Europe, Africa, Asia and America. Among the most well-known infrastructure projects already completed are the railway from China to Laos, as well as on Indonesia's main island of Java and the ports of Hambantota International in Sri Lanka and Gwadar in Pakistan. Hungary and Serbia have been first in Europe to embrace the initiative on both infrastructural and political levels, where a high-speed railway is currently being built between the countries' capitals Budapest and Belgrade in cooperation with Chinese engineers. The port of Piraeus near Athens, Greece has also become part of the initiative and is currently one of Europe's largest ports.

Sweden is among the countries, primarily from the US-dominated Western bloc, that have currently chosen not to join the initiative and primarily describe the project as a Chinese "scam" to put countries in debt. Among Western European countries, the only infrastructural participant is currently Luxembourg, which with its large airport has significant air traffic to China.

The new Silk Road encompasses not only infrastructure but also other forums that constitute the currently most significant official international meeting places in China. This year's forum with a media theme is being held right now in Kunming in southern China between September 16 and 17 with a total of 165 media channels from 87 different countries present, with many leading media outlets primarily from South America, Asia, Africa and Eastern Europe, from Russia this year including news agencies Ria and Tass.

The Nordic Times is so far one of the few media houses from the increasingly isolated Western bloc that is present, in company with among others Discovery Channel and Warner Bros. From Western Europe, there are otherwise a number of smaller media houses present from countries including Denmark, France, Ireland and Germany.

Alongside the media organizations, representatives of a number of state-owned corporate giants involved in the various projects also participated, such as Energy China, China National Nuclear Corporation, China Changan Automobile Group and China Communication Construction Company.

The Nordic Times was also present at last year's conference in Chengdu, Sichuan Province.

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Trump and Xi reach trade deal – promise “everlasting peace and success”

The new multipolar world order

Published today 1:53 pm – By Editorial staff
Donald Trump and Xi Jinping with their respective delegations.

The United States and China have concluded a one-year trade agreement that will reduce American tariffs on Chinese goods from 57 to 47 percent.

President Donald Trump described the agreement as groundbreaking following his meeting with Chinese President Xi Jinping on October 30 during the APEC summit in Busan, South Korea.

In a post on the social media platform Truth Social, Trump stated: "My G2 meeting with President Xi of China was a great one for both of our countries. This meeting will lead to everlasting peace and success. God bless both China and the USA!"

Aboard the presidential plane Air Force One on his way back to Washington, Trump confirmed that the countries had reached an agreement.

— We have a deal, he told assembled journalists and explained that the trade agreement will be renegotiated annually.

— Every year we'll renegotiate the deal, but I think the deal will go on for a long time, long beyond the year. We'll negotiate at the end of the year.

Fentanyl behind tariff reduction

Trump emphasized that the ten percentage point tariff reduction from 57 to 47 percent is directly linked to China agreeing to take strong action against the fentanyl problem.

— It was 57, now it's 47.

He further explained that the reduction was due to the fentanyl issue and China's actions.

— We reduced it by the fentanyl because I believe they are really taking strong action. We've already seen the action on fentanyl, and they're taking very strong action. So reduced to 10 percent.

Large purchases of agricultural products

In a further announcement, Trump stated that China has committed to immediately purchasing "large and tremendous amounts" of soybeans and other American agricultural products as part of the agreement.

— We're in agreement on so many elements. Large amounts, tremendous amounts of the soybeans and other farm products are going to be purchased, starting immediately. If you notice, President Xi authorised yesterday for China to start buying very large quantities of soybeans and other things, which I appreciated. That was a very nice gesture.

The announcement comes after China earlier this year halted its purchases of American soybeans in response to Trump's tariff announcements. The halt left American farmers with unsold crops worth billions of dollars, according to CNN.

China surpasses US as Germany’s largest trading partner

The new multipolar world order

Published October 23, 2025 – By Editorial staff
Terminal Wharf in Bremerhaven, Germany, is one of Europe's largest and most significant ports.

Trump's tariffs have reversed trade patterns. China has now overtaken the US as Germany's most important trading partner – just one year after losing the top position.

China has reclaimed first place as Germany's largest trading partner. During the first eight months of the year, trade with China reached €163.4 billion, compared to €162.8 billion for the US, according to preliminary figures from the German statistical office, reports Reuters.

It's a rapid reversal. The US was Germany's largest trading partner in 2024, breaking an eight-year period of Chinese dominance. The shift came as Germany actively tried to reduce its dependence on China, citing political differences and unfair trade practices.

But Donald Trump's return to the White House and renewed tariffs have changed the dynamics.

Tariffs hit hard

German exports to the US fell by 7.4 percent during the first eight months of the year to €99.6 billion. In August, exports dropped by as much as 23.5 percent compared to the previous year.

There is no question that US tariff and trade policy is an important reason for the decline in sales, says Dirk Jandura, chairman of the German Association for Foreign Trade (BGA).

He notes that American demand for classic German export goods such as cars, machinery and chemicals has decreased.

Chinese imports increase

While exports to China fell by 13.5 percent, imports from China increased by 8.3 percent to €108.8 billion.

The renewed import boom from China is worrying, says Carsten Brzeski, global head of macroeconomics at ING. Particularly as data shows that these imports come at dumping prices.

He warns that this increases Germany's dependence on China and could put additional pressure on key industries where China has become a major competitor.

Ambassador warns: US has underestimated China’s strength

The new multipolar world order

Published October 18, 2025 – By Editorial staff
Former U.S. Ambassador to China Nicholas Burns believes that one of China's greatest advantages is the Chinese Communist Party's ability to think strategically and long-term.

Nicholas Burns, who served as U.S. Ambassador to China for three years, argues that the Western world has systematically underestimated the Chinese superpower's capabilities in technology, military, and infrastructure.

In a recent interview, the experienced diplomat highlights several areas where China is far ahead of the United States – and warns that American policymakers still fail to see the full gravity of the situation from the perspective of U.S. strategic interests.

Nicholas Burns, 68, concluded his tenure as U.S. Ambassador to China in January 2025 after three intense years in Beijing. With a long career in American diplomacy behind him – having served under six presidents and nine secretaries of state – he returned to Harvard University where he is a professor of diplomacy and international relations.

Now he speaks openly about his experiences and observations from his time in China. And the picture he paints is more alarming than many are willing to acknowledge.

Impressive infrastructure

We've underestimated Chinese power in the world, Burns states bluntly. As an example, he highlights China's high-speed rail system:

Those trains are fabulous. We rode those trains. You know, you can go from Beijing to Shanghai in four and a half hours.

The distance is over a thousand kilometers, he points out, drawing a clear comparison with the American rail system Amtrak:

We have Amtrak's just not like that.

But it is in scientific and technological capacity that Burns sees the greatest challenge.

That's the coin of the realm in our decade, he says and continues:

In the next few decades. Which society will turn out more scientists and engineers?

Former US ambassador to China Nicholas Burns shakes hands with Xu Kunlin, governor of Jiangsu Province in China during a meeting in 2023. Photo: US Department of State

"Alarming" education statistics

The statistics he presents are striking. 34 percent of first-year students at Chinese universities study engineering or STEM fields (science, technology, engineering, and mathematics). In the United States, the corresponding figure is 5.6 percent.

And they're a much bigger country, Burns adds.

He also points to a peculiar paradox in American society. At Harvard's graduation ceremony, where he himself teaches, the pattern is clear:

At Harvard graduation, where I teach, when we ask our graduate students to stand up as a class, chemistry majors, biology majors, physics majors, largely Asian Americans, Some American citizens, excuse me, Asians, American citizens of Asian ethnicity or Chinese.

The same pattern is visible in business.

Last week, when President Trump gathered all the tech titans of the United States in the White House, tremendous number of those tech titans are Indian Americans and Chinese Americans, Burns says.

His conclusion is scathing:

We're not competing when it really matters for the future. And that's on technology.

Overlooked military strength

Burns also addresses the Chinese military, the People's Liberation Army (PLA), whose capabilities he believes the Western world underestimates.

Some people have said, well, it hasn't fought since 1978. What is what it's worth? I've seen the PLA, he says firmly.

I think we've underestimated their military strength, their technology strength.

Strategic long-term thinking

One of China's greatest advantages, according to Burns, is the Chinese Communist Party's ability to think strategically and long-term.

The Communist Party of China is strategic and they don't have to worry about, you know, we want to worry about what the press says. I mean, that's a good thing to have the press challenging the government. They have nobody opposing them. And so they can make big bets over 10, 20, 30 years.

As an example, he mentions China's systematic Africa policy:

For 35 consecutive years, the Chinese foreign minister, whoever that person is, has made his first trip of the year in January to Africa to show the Africans you are our priority.

The contrast with the United States is striking.

I think President Trump never went to Africa in his first term. President Biden went once to Angola for two or three days in December, at the very end of his term, Burns says.

His conclusion is unequivocal:

They're strategic, and we're not competing on that level. So actually, I think the Chinese technology military economics are stronger than we think they are. And I think we've underestimated them, and we can't do that any longer.

China drops visa requirements for Swedes

The new multipolar world order

Published October 17, 2025 – By Editorial staff
Soon it will be easier for Swedes to visit the Great Wall of China and other Chinese travel destinations.

Swedish citizens will soon be able to travel to China without a visa. This was announced by Swedish Foreign Minister Maria Malmer Stenergård (M) during a visit to Beijing.

Sweden has until now been one of few European countries lacking visa-free entry to China, despite most other nations on the continent having gained access to the new rules.

This is very welcome news, and businesses in particular have been requesting this for a long time. We don't know the details regarding implementation or exact design, but I expect we will have this shortly. But as I understand it, it will cover Swedish citizens, Stenergård told publicly funded broadcaster SVT.

In July this year, China expanded its visa-free policy to cover a total of 74 countries, where citizens can visit the country for up to 30 days without a visa. Nearly all of Europe is included in the agreement, but Sweden and the United Kingdom have until now remained outside.

For Swedish travelers and businesses, the change represents a major relief, as visa applications were previously time-consuming and costly.

Swedish companies have unfortunately been affected by excessive red tape for a long time, not least at the EU level, she says.

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