International News
BRI Forum Brief: China Shifts from Building Major Infrastructure to Focusing on Digital Connectivity
In an era of evolving global dynamics, China’s Belt and Road Initiative (BRI) is poised for a transformative second decade, signaling a shift towards more efficient, market-oriented, and less debt-burdened projects. President Xi Jinping’s recent pronouncement on the future of BRI as “small yet smart” is underpinned by valuable lessons learned. This strategic shift comes […]
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China Spends US$10bn to Dig Massive New Canal to Ease Trade Flow with ASEAN
Recognizing that the eastern port where goods pass through the port near Taiwan looks unstable and is under US surveillance, China has invested a staggering US$10.3 billion (equivalent to 72.7 billion yuan) to carve out the sprawling Pinglu Canal. Stretching over 134 kilometers, this monumental waterway links the Xijin Reservoir near Guangxi’s vibrant capital city, […]
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Bentley Systems Announces Winners of the 2023 Going Digital Awards in Infrastructure
Winners Announced at the 2023 Year in Infrastructure and Going Digital Awards Event in Singapore SINGAPORE – Oct. 12, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the winners of the 2023 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley software users […]
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Bentley Systems Announces Executive Appointments
Changes Reinforce BSY’s Organizational Sustainability and Contributions to Global Infrastructure Sustainability SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced executive appointments. Kristin Fallon joins Bentley as Chief Marketing Officer, based in Annapolis, Maryland. Most recently, Fallon was Global Head of Brand and Digital Marketing at […]
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Indonesia Unveils Southeast Asia’s First High-Speed Railway
In a historic milestone, Indonesia inaugurated Southeast Asia’s maiden high-speed railway on 2 October. This remarkable project, with a price tag of US$7.3 billion, stands as a testament to China’s expansive Belt and Road infrastructure initiative. Predominantly financed by Chinese state-owned corporations, the grand unveiling of this high-speed rail line signifies a significant leap forward […]
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Chinese State-Backed Investors Inject US$7 Billion into YMTC to Propel Local Chip Component Production While US Moves to Produce in Vietnam
In response to mounting geopolitical tensions and US trade restrictions, Yangtze Memory Technologies Corp (YMTC), China’s premier memory chip manufacturer, is taking significant steps to bolster its domestic supply chain. The company received a substantial US$7 billion capital infusion from state-backed investors, including the Big Fund, earlier this year, according to SCMP on 30 September […]
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Civil infrastructure geoprofessionals are ready to adopt the cloud
The report highlights time-consuming data management practices, with data residing in disparate “‘silos’” CHRISTCHURCH, NEW ZEALAND, July 19, 2023 – Seequent, The Bentley Subsurface Company, today announced the findings of its latest Geoprofessionals Data Management Report, which looks at the trends, challenges, and opportunities in geoscience data. Jo Knight, Chief Customer Officer, Seequent, said, “As […]
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Infrastructure Projects in India, South Korea, and Southeast Asia Named as Finalists in Bentley Systems’ 2023 Going Digital Awards in Infrastructure
Winners to Be Selected and Announced on Oct. 12 as Part of Bentley’s Year in Infrastructure and Going Digital Awards EXTON, Pa. – Sept. 27, 2023 – Bentley Systems, Incorporated, the infrastructure engineering software company, has announced several projects from India, South Korea, and Southeast Asia as finalists in Bentley’s 2023 Going Digital Awards in […]
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US Shifting Supply Chains: China Expected to Lose 3m Jobs to Vietnam
As the United States and Vietnam strategically realign their supply chains, aiming to reduce reliance on China, the recent shift in manufacturing could have substantial implications for China’s job market. A report by Rabobank in 2022 estimated that up to 28 million Chinese jobs directly depended on exports to the West. Consequently, this “friend-shoring” strategy, […]
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Thailand-China High-Speed Railway Hits Fast Track: Phase 1 Operational by 2027
The dream of a high-speed rail connection between Thailand and China is rapidly becoming a reality. The State Railway of Thailand has unveiled ambitious plans to have the first phase of the Thailand-China high-speed rail line, spanning from Bangkok to Nakhon Rachasima, operational by the year 2027. This monumental project, which will encompass a 253-kilometer […]
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