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In April 2014, BRI contracted with Space Systems/Loral and Arianespace to, respectively, build and launch their first satellite, a 3,500 kg (7,700 lb) C-band and Ku-band spacecraft dubbed BRIsat, and on 18 June 2016, Ariane 5 has successfully launched BRIsat as the first satellite owned and operated by a bank in the world to link the bank's geographically isolated branches.
v. t. e. The Belt and Road Initiative ( BRI or B&R[ 1] ), known in China as the One Belt One Road[ a] and sometimes referred to as the New Silk Road, [ 2] is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in more than 150 countries and international organizations. [ 3]
The San Francisco–Oakland Bay Bridge, commonly referred to as the Bay Bridge, is a complex of bridges spanning San Francisco Bay in California.As part of Interstate 80 and the direct road between San Francisco and Oakland, it carries about 260,000 vehicles a day on its two decks.
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. [ 1][ 2] A payment system is an operational network which links bank ...
Debt-trap diplomacy is a term to describe an international financial relationship where a creditor country or institution extends debt to a borrowing nation partially, or solely, to increase the lender's political leverage.
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v. t. e. The Cross-border Interbank Payment System ( CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s ...
Modern economic and infrastructural cooperation between Tanzania and China is highly connected to China's Belt and Road Initiative (BRI). [6] In 2013, China expanded its Belt and Road Initiative as a form of foreign policy mainly to construct an overland network of infrastructure to better connect Chinese trade and further economic integration to other regions of the world, with a particular ...