Skip to main content

This week’s top Belt and Road news

Belt and Road Advisory

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

Italy is aiming to sign a BRI MOU with China: It would then become the first G7 economy to join the Belt and Road. The announcement precedes President Xi Jinping's visit to Italy planned for March 22-23

Saudi Arabia’s Crown Prince Shaikh Hamdan Bin Mohammad approves Dubai Silk Road Strategy: The Strategy involves 9 initiatives and 33 projects.

Huawei accuses the US: According to Huawei US agents hacked and stole the company’s emails and source code 

China’s GDP target for 2019: Was set to 6% to 6.5% by Premier Li Keqiang. It is another signal of an economic slowdown in #China. The goal for 2018 was set at “around 6.5%” 

China’s GDP of China is around 12% smaller than official figures suggest: This is the result of research by Washington-based think-tank Brookings Institution
And all other Belt and Road news
Trade and Investment
Chinese exports in Feb 2019 21% lower than in 2018: China ’s exports went down by 20.7% in February 2019 in comparison to a year before. It is the steepest year-on-year decline in #exports in 3 years.

China offers the US to lower tariffs on selected goods: China is offering lower tariffs on US auto, chemical, and farm products in the course of the trade talks.

China and the US are close to closing a currency deal: China and the US are reported to be close to closing a currency deal. Beijing is not to devaluate yuan in order to help exports 

BRICS bank issues 3 billion CNY of yuan-denominated bonds: BRICS New Development Bank issued 3 billion yuan worth of yuan-denominated bonds in China. It’s the second issuance following one in 2016. 
Leaked memo reveals China’s BRI plan for Italy: The document outlines China’s plan for cooperation with Italy under the Belt and Road Initiative.

Debt deal between China and Congo possible: The debt deal could be signed within 3 months. China owns 35% of Congo’s debt.

$298bn tax cuts unveiled during the Two Sessions: China unveiled a plan to cut $298bn of taxes in order to boost economic growth. VAT for transportation and construction sectors will be decreased from 10% to 9% and VAT for manufacturers from 16% to 13%.

Czech politicians divided over Chinese influence: Czech politicians debate Huawei and China influence in the Czech Republic. Central and Eastern Europe become a field of competition between China and the US. 

Turkey will join the Second Belt and Road Forum: Turkey confirmed that it will attend the Second Belt and Road Forum for International Cooperation.
New comprehensive bonded zone on China-Russia-DRPK border: China established a new comprehensive bonded zone in Hunchun, in Jilin Province, which borders Russia and North Korea.

AIIB approves $455 million loans to India: The loan is related to a rural road project in Andhra Pradesh in India. 

Nepal chooses China rail-gauge standards over India: Nepal will use China standard of a railway-track gauge in the construction of Raxaul-Kathmandu railway. It is a setback for #India that wanted Nepal to use its broad-gauge standard and shows the competition of the two powers in South Asia.

Georgian BRI port project threatened by domestic politics: Anaklia Sea Deep Water Port, an important BRI project and the largest economic project in Georgia, is threatened as Georgian government enters a conflict with a leading Georgian bank TBC involved in the project.


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 yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please 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 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and