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    Silk Road Development Weekly – October 14, 2019

    Compiled By Chris Devonshire-Ellis Analysis & Opinion A Healthy Fear Of China (New York Times) Three Reasons Why The US Should Not Compete With The Belt & Road Initiative (International Policy Digest) Bridging The Belt & Road Divide (Carnegie Endowment) Understanding China’s Belt & Road Initiative (Business Journalism) China Banks On The Belt & Road[…..]

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    Solomon Islands Recognizes China, Joins Belt And Road Initiative

    The Solomon Islands have become the latest Pacific nation to cut diplomatic ties with Taiwan, recognize China, and sign agreements with China’s Belt & Road Initiative. This comes as the Solomon Islands Prime Minister Manasseh Sogavare has met Chinese President Xi Jinping in Beijing this week.

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    Kiribati Recognizes China Over Taiwan, Joins Belt And Road Initiative

    China has gained a Pacific Ocean ally and Taiwan lost one as the Republic of Kiribati moved to recognize Beijing over Taipei last month. That has been followed by agreements between Beijing and Tarawa concerning the Belt & Road Initiative. The switch by Kiribati to formally recognise China has come as now great surprise. Because[…..]

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    China-Russia Bilateral Trade To Expand With Alibaba – Russia E-Commerce JV

    Sino-Russian bilateral trade to significantly increase with new joint venture Op/Ed by Chris Devonshire-Ellis  The creation of a new joint venture between Russia’s State Owned Direct Investment Fund (RDIF), the Russian search engine and email account company Mail.ru Group, China’s Alibaba and Russia’s mobile phone network operator Megafon will help achieve the level of US$200 billion in bilateral trade between the two countries set[…..]

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    Uzbekistan Looking At Membership Of The Eurasian Economic Union

    Uzbekistan Joining Would Add 32 Million Consumers To EAEU Trading Bloc Uzbekistan is considering joining the Kremlin-led Eurasian Economic Union, potentially adding 32 million people to the group as well as giving it a political boost. Quoting Valentina Matviyenko, chairwoman of the Federation Council of Russia, the upper chamber of the Russian parliament, Russian media[…..]

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    Silk Road Development Weekly – October 7, 2019

    Compiled By Chris Devonshire-Ellis Analysis & Opinion In China, For China – Limiting Tariff Risks Serving Chinese Consumers (China Briefing) China’s Belt & Road Initiative: Its Strategic, Trade & Fiscal Implications (The Good Men Project) China Launches HD Satellite To Monitor Belt & Road Projects (Zero Hedge) Without A Strong WTO, Connectivity Means Nothing (Euractiv)[…..]

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    Iraq Joining China’s Belt & Road Initiative

    Adel Abdel Mahdi, the Iraqi Prime Minister, has stated in Beijing on a State Visit to China that the country will be joining China’s Belt & Road Initiative. “Iraq has gone through war and civil strife and is grateful to China for its valuable support. Iraq is willing to work together in the ‘One Belt,[…..]

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    Cambodia Negotiating FTA with the Eurasian Economic Union

    Op/Ed by Chris Devonshire-Ellis Cambodia is hoping to emulate Vietnam’s success in establishing a strong bilateral trade and investment relationship with Russia. Cambodian officials are travelling to Moscow next month to discuss a free trade agreement (FTA) with the Eurasian Economic Union (EAEU). The EAEU sits between China and the European Union, and comprises Armenia,[…..]

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    Uzbekistan Cuts VAT To 15%

    Country Looks To Stimulate Trade & Investment In efforts to stimulate consumer demand and give the economy a boost, Uzbekistan will cut VAT to 15% from 20% from the 1st October. Uzbek officials said that the VAT cut would slice around 10 trillion Soum (US$1.05 billion) from the annual state budget. To recoup some of[…..]

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    China’s Free Trade Agreements Along The Belt & Road Initiative

    Op/Ed by Chris Devonshire-Ellis Rerouting Supply Chains To Reflect Growing Chinese Influence The elimination of tariffs and taxes is always a boom for exporters, and is something that China has taken advantage of very effectively over the past two decades. When China first began its journey towards becoming the massive manufacturing giant it is today,[…..]

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