Weekly round up of infrastructure development news from across the Silk Routes – June 12 to June 28, 2017.
Clashes and disputes between China and India have flared up at the Nathu La border crossing between Sikkim and Tibet. In this context, the article discusses diplomatic challenges facing China as it works on its OBOR initiative.
China’s Project Of The Century (SupChina) The West Can’t Smell What Eurasia Is Cooking (Sputnik) China Speeds Up Construction of Air Silk Road (Belt Road Portal) Highway Bridge Connecting China & Russia Under Construction (Belt Road Portal) Lessons From Kenya’s New, Chinese Funded Railway (Chatham House) Is China-Pakistan Economic Corridor Good, Bad Or A Disaster[…..]
China’s wooing of India continues with the Asian Infrastructure Investment Bank (AIIB) announcing its first equity investment, signing off USD150 million in funding to the India Infrastructure Fund in a move aimed at attracting sought after private investment capital for infrastructure projects in India. The bank also announced that next year’s board of governors meeting[…..]
The Asian Infrastructure Investment Bank has just held its second annual meeting in Jeju, South Korea. This article discusses the meeting’s key resolutions, including expanded membership and co-financing initiatives.
The article discusses the progress made concerning the introduction of tax harmonization within the Eurasian Economic Union, the recently formed trade bloc that features Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
China’s New Silk Road Route: OBOR, The Long & Winding Road (PwC) Can OBOR Be Made To Work For Countries Other Than China? (The Wire) How Japan, India And The TPP Could Challenge China In Asia (The Asset) China’s OBOR Makes Marshall Plan Look Tiny (Value Walk) Vietnam Convergence On Belt & Road Infrastructure Projects[…..]
China’s OBOR projects, thus far well illustrated by the Official OBOR Portal, have been exclusively driven by Chinese State Owned Enterprises. This article discusses the shortcomings of such a policy and makes the case for international private sector participation.
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.[…..]
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[…..]