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    Devaluation of USD Predicted as China & Russia Buy Up Gold Reserves

    Philip Klinkmüller, a financial partner with German based Hopf-Klinkmüller Capital Management has stated there is a visible trend in China and Russia to buy more bullion to end their dependency on the US dollar, and has suggested that over the next two decades global financial markets will see a significant devaluation of the US Dollar.[…..]

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    Hong Kong Buys First Bank Under OBOR Initiative

    Hong Kong’s CITIC Bank International has completed the purchase of 60% of equity in Kazakhstan’s Altyn Bank from its majority Kazak owner, the Halyk Bank for an undisclosed amount. It marks the first time that China has invested in Kazakhstan’s banking sector. CITIC Bank International is a Hong Kong based bank controlled by mainland CITIC[…..]

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    Silk Road Development Weekly

    Bigger Shanghai Co-Operation Organization May Be Game-Changer (Asia Times) Travel The Silk Road At Your Peril (The Asset) NASDAQ Signs Technology Agreement For Kazak Exchange (Astana Times) How The Gulf States Row Is Blocking China’s New Silk Road (South China Morning Post) Indian Drug Companies To Start Work In Irkutsk (Sputnik) Sri Lanka Benefits From[…..]

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    China, Nepal Discuss USD8 Billion Cross Border Rail Link Through Himalayas

    Nepal is in talks with China to build a cross-border rail link that may cost up to USD8 billion, with groundwork and funding to be expected after Nepal formally signed up to Beijing’s Belt and Road initiative, a Nepali finance ministry official has stated. Yug Raj Pandey, an under-secretary at Nepal’s ministry of finance, has[…..]

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    China & Germany Agree USD3 Billion Joint Bank Lending For OBOR Projects

    Germany’s Deutsche Bank has signed an agreement with the China Development Bank http://www.cdb.com.cn/English/ (CDB) to co-finance US$3 billion worth of infrastructure projects within China’s One Belt, One Road initiative. A memorandum of understanding was signed in Berlin on May 31st, ahead of the EU-China Summit in Brussels. The two banks expressed their interest in promoting[…..]

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    China Spending Just 2% Of International OBOR Financing On Actual Projects

    Despite all the hype, China’s actual designated spending from its recently established, and internationally subscribed Asian investment banks has only reached a figure of less than 2% of the actual capital raised. In a survey carried out by Silk Road Briefing, it became apparent that institutions such as the Asian Infrastructure Investment Bank, BRICS New[…..]

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    Silk Road Development Weekly

    Central Asian Integration – More Real Than Ever? (Astana Times) China’s OBOR – Will It Reshape Global Trade? (McKinsey) The OBOR China-Kazakhstan Border – China’s New Tax Haven (The Wire) China Expands Belt & Road To The Arctic (Asian Nikkei Review) Dezan Shira Partner Presents At Arctic Silk Road Conference (Dezan Shira) New Sino-Europe Train[…..]

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    Russia, India Ready To Proceed With Eurasian Free Trade Negotiations

    Indian Prime Minister Narendra Modi is visiting St.Petersburg on 1st and 2nd June and is expected to formalize the proposed Free Trade Agreement between the Eurasian Economic Union and India. Modi is due to meet Russian President Vladimir Putin with both sides having said they have completed a joint feasibility study into the FTA. Negotiations[…..]

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    Silk Road Development Weekly

    In Charts – China’s Belt Road Initiative (Financial Times) The Beijing Belt-Road Forum – What We Learned About China’s Intentions (China Briefing) ADB Calls For More Investments In Asian Infrastructure (Asia Times) Xi Suggests Aligning Belt & Road With European Investment Plan (Belt Road Portal) China, Cambodia To Implement Co-Operation Plans Under Belt & Road[…..]

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    China Faces OBOR Criticism Following The Belt & Road Forum

    There has been some fall-out following China’s Belt-Road Forum last week, with concerns being made both by various institutional bodies and political media over a number of issues concerning China’s intentions. While the Chinese state media have naturally talked the forum up, comments from other sources have not been so kind. Concerns are broadly split[…..]

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