Skip to main content

This week’s top Belt and Road news

Source: Belt and Road Advisory

BRI Briefing

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

Trump lessens prospect of Huawei ban:Trump tweets: “I want the US to win through competition, not by blocking out currently more advanced technologies.” His comments struck a noticeably more dovish tone than many others in his administration, who have been lobbying US allies not to use Huawei
Saudi Arabia and Pakistan sign portmega deal: Saudi Crown Prince Mohammed bin Salman Al Saud on Sunday signed with Pakistan eight agreements worth $20bn. One of the agreements is on Saudi Arabia's Aramco-run $10bn refinery in the Pakistani port of Gwadar, one of the world's largest refineries.
China releases Greater Bay Area Development Plan: China’s reveals details of Greater Bay Area plan to turn Hong Kong and 10 neighboring cities into economic hub. Years in the making, the scheme embodies President Xi’s ambition to build innovation and finance powerhouse to rival Silicon Valley & Tokyo Bay Area.
China refutes accusations of corruption along CPEC: Following accusations of corruption along China-Pakistan Economic Corridor raised by Pakistan 's communication minister Saeed, the Chinese company in question, China State Construction Engineering Corp (CSCEC), said it is "shocked" by the "groundless allegations"
And all other Belt and Road news
Trade and Investment
Xi’An sees big rise in trade: Xi'an, heartof the ancient silk road, saw a 30% increase in trade volume in 2018.Thecity launched 1,235 China-Europe freight trains in 2018, 6.4 times the number in 2017, transporting a total of 1.2 million tons of goods with a value of $1.72 billion
Li Keqiang expresses concerns about credit growth: A rare public spat has erupted between Chinese premier Li Keqiang and the central bank after he expressed concern about record credit expansion in January, a result of monetary stimulus intended to support flagging economic growth.
China’s investment in BRI countries rises 8% in January: China's non-financial outbound direct investment (ODI) in 47 countries participating in the Belt and Road Initiative rose 8.1 percent year on year to 1.33 billion U.S. dollars in January this year, data showed Thursday.  
China’s commercial banks to issue perpetual bonds: China's commercial banks are gearing up to issue more perpetual bonds in an attempt to recapitalize the institutions ahead of an anticipated slowdown of the country's economy, the deputy governor of the People’s Bank of China said.
Pence challenges Europe to back US:Mike Pence challenged Europe to support America on growing international crises incl the threat posed by Chinese technology, Iran’s nuclear ambitions and the battle for power in Venezuela. “The west will never ever be broken, our civilization will triumph,” he said
Venezuela opposition tries to establish ties with US: Venezuela’s parallel government led by opposition leader Juan Guaidó is trying to establish formal diplomatic relations with China and Russia, the two most powerful allies of the man he wants to topple, President Nicolás Maduro.  
UK concludes Huawei manageable risk:British intelligence has concluded that it is possible to mitigate the risk from using Huawei equipment in 5G networks, in a serious blow to US efforts to persuade allies to ban the Chinese supplier from high-speed telecommunications systems.
China and Iran to strengthen ties: China's top legislator Li Zhanshu met with Iranian Parliament Speaker Ali Larijani in Beijing on Tuesday, and the two sides agreed to strengthen cooperation under the framework of the Belt and Road Initiative.
Duterte reaffirms backing for Belt and Road forum: During a meeting withChinese ambassador to the Philippines Zhao Jianhua on Wednesday night, President Duterte of the Philippines expressed his great pleasure to attend the second Belt and Road Forum in Aprl2019. He will likely be a keynote speaker
Semiconductors are part of trade negotiations: US and Chinese negotiators are trying to resolve a long-running dispute between semiconductor rivals Micron Technologies and Fujian Jinhua as part of the latest round of trade negotiations

Australia denies fears of growing diplomatic rift with China: Australian PM Morrison sought to play down new Chinese restrictions on coal imports after the country’s major mining groups sounded warnings over delays facing shipments of the country’s top export.
China-Laos Railway to be completed soon: Over 90% of the tendered bridge and tunnel projects of the China-Laos railway will be completed by the end of 2019, the construction company has said. By the end of 2018, the accumulated investment of the railway had reached $1.7 billion USD.
Chinese firm to build Ethiopia-Djibouti gas pipeline: Chinese firm Poly-GCL Petroleum Group Holdings Limited (Poly-GCL) is to construct the 767-km Ethiopia-Djibouti natural gas pipeline. Recently, Poly-GCL discovered 7 to 8 billion cubic trillion feet of natural gas in Ethiopia's Somali regional state.
China willing to renegotiate ECRL with Malaysia: China is open to slashing the cost and size of Malaysia’s $20bn East Coast Rail Link to save its keystone Belt and Road project in the country and preserve the initiative’s standing in the rest of the region, a senior Malaysian minister said.
Chinese companies to play a role in building Ethiopian dam: Chinese construction and engineering company, China Gezhouba Group Co. Ltd. (CGGC), has signed a $40mn contract agreement with the Ethiopian government to take part in the Grand Ethiopian Renaissance Dam (GERD).


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 …

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…

Historical relationship between Kurd and Baloch.

The Kurds are the ethnical group living in a region known as Kurdistan which is divided into Iraq, Syria, Turkey and Iran. They  are struggling for an independent region since decades and they are famous for their female guerrilla fighters.        On 25 September 2017, the referendum for an independent Kurdish region  was held in Iraq with a turn out of 72 %.   On this important occasion, the historical relation between Kurd and Baloch people is worth discussing.       When it comes to history, every nation tends to find its roots and origin. Same goes with the Baloch people. The Baloch people are always curious  about  finding their roots in history. Even if you  talk to a shepherd in Balochistan, he will be curious to talk about his  tribal or ethnical roots.      The Balochs have always conveyed the history to the next generations in different mediums like poems etc. No Baloch before 20th century had written books on  history  or origin of the Baloch nation .