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Order from Chaos

Foreign Policy in a Troubled World

A how-to guide for managing the end of the post-Cold War era.

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--FILE--View of a signboard of ICBC (Industrial and Commercial Bank of China) in Xuchang city, central China's Henan province, 22 May 2016.The Industrial and Commercial Bank of China (ICBC), the world's biggest in terms of capital and deposit, on Thursday voiced its readiness to continue its "all-round" financial services for "Belt and Road" projects. "ICBC is keen and active in promoting the Belt and Road Initiative," said Gu Shu, ICBC's senior executive vice president. The initiative, which comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, is aiming at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road routes. "ICBC has 123 branches in 18 countries along the Belt and Road, making it the Chinese financial institution that covers the most countries along the route," Gu said. "ICBC has been actively providing all-round and integrated financial services for 'Belt and Road' projects," he added. "So far, ICBC has operated 208 projects along the route, with a combined investment of 220.8 billion U.S. dollars." Gu was in Istanbul for the first anniversary of the inauguration of ICBC Turkey, which was established after ICBC purchased a majority of shares of Turkey's Tekstilbank in May last year.No Use China. No Use France.

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About Order from Chaos

A how-to guide for managing the end of the post-Cold War era. Read all the Order from Chaos content »