Skip to main content

This week’s top BRI news

Source: Belt & Road Advisory

Our BRI Briefing summarizes and analyzes key news related to the Belt and Road Initiative (BRI) over the last week.

This week’s top BRI news

Xi Jinping keynotes at CIIE: Xi Jinping keynotes at the long-awaited China International Import Exposition. He said China would continue to open up and become a key destination for the world’s imports. However, there were no major opening up announcements. Xi did say however that China would import $30tn and $10tn of goods and services over the next 15 years. These are large numbers but do not represent sizable deviations from the current trajectory China is on.
Big deals signed at CIIE: More than 3500 firms attended the China International Import Exposition this past week, showcasing their products. Some huge deals have been signed at CIIE. Sinopec alone reportedly spent $45bn. Foreign companies have benefited. E.g. Rolls Royce signed $1.45bn deal with China Eastern, Standard Chartered signs $1.6bn deal with China Poly over the next 2 years.
Australia launches Asia Pacific infrastructure fund: Australia launched a $1.5 billion dollar fund to counter China in the Pacific. The new fund will invest in infrastructure and other developmental projects. China responded that Beijing and Canberra should work together on such projects.
China and Russia further strengthen cooperation: Li and Russian PM Medvedev met on Wednesday. They witnessed the signing of nine agreements to promote cooperation in areas such as energy, agriculture, customs clearance Premierandaerospace.
And all other BRI news…
Trade and Investment
US trade deficit expands again: US trade deficit increases more than expected in October and is now up 10% in 2018. The deficit with China is at record levels. Many US importers are front-loading their purchases before even higher tariffs come in.
Tariffs begin to bite: Data from UBS shows US imports of Chinese goods listed in the initial $34 billion of tariffs have fallen by 30%. The analysts said it's too early to calculate the effect on an additional $200 billion of tariffs implemented on September 24.
Xi offers support for private business:After Xi gave a speech last week promising to support the development of private businesses, the Supreme Court yesterday pledged to strengthen protection of private property rights and create a fair legal environment. Following that, Xi conducted an inspection tour of Shanghai on Tuesday and Wednesday. He called for Shanghai officials to prioritize the development of the private sector.

Xi and Khan meet for the first time:President Xi and Pakistan PM Imran Khan met in Beijing over the weekend and agreed to strengthen their all-weather partnership. A Guard of Honour + a trip to the People’s Monument where Khan laid down a wreath were other highlights
Malta and China sign BRI: Amemorandum of understanding on the Belt and Road Initiative has been signed between Malta and China.

Hunan announces BRI fund: sometimes think Belt and Road Peopleisorchestrated from the top. It’s not. Chinese companies, banks, cities, counties and provinces all have their own BRI strategies. For example, Hunan province just announced a new 20bnrmb BRI fund
Chinese banks and BRI: commercial banks have issued more than 200 billion U.S. dollars of loans to support over 2,600 Belt and ChineseRoad  projects in transportation, infrastructure, equipment export, and other fields.
Hungary to tap into BRI: Hungary is to deploy 8 new intermodal yards; seven in the countryside and one near #Budapest to accommodate rail freight traffic from the Far East to Europe. It is seeking to become an eastern European gateway for Belt and Road

CPEC project nears completion: The first phase of a crucial CPEC energy project in Pakistan is scheduled to be put into operation next year, benefiting 2 million local people.
China-Singapore programme fostering new trade and investment deals:Altogether137 cooperative projects worth 21.9 billion U.S. dollars have been signed through a China-Singapore inter-government program over the past three years.


Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

The Rise of China-Europe Railways

The Rise of China-Europe RailwaysMarch 6, 2018The Dawn of a New Commercial Era?For over two millennia, technology and politics have shaped trade across the Eurasian supercontinent. The compass and domesticated camels helped the “silk routes” emerge between 200 and 400 CE, and peaceful interactions between the Han and Hellenic empires allowed overland trade to flourish. A major shift occurred in the late fifteenth century, when the invention of large ocean-going vessels and new navigation methods made maritime trade more competitive. Mercantilism and competition among Europe’s colonial powers helped pull commerce to the coastlines. Since then, commerce between Asia and Europe has traveled primarily by sea.1Against this historical backdrop, new railway services between China and Europe have emerged rapidly. Just 10 years ago, regular direct freight services from China to Europe did not exist.2 Today, they connect roughly 35 Chinese…

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…