By Chris Devonshire-Ellis Davos 2023 is taking place amongst an increasingly insecure world with recessions imminent or expected. Regional conflicts and a global struggle for supremacy are unfolding as a scramble for energy resources, and climate warming problems appear at increasingly opposite ends of the political spectrum. China’s geopolitical position, as the world’s largest trading[…..]
The volume of freight transportation via transport methods increased 29.8% in Kyrgyzstan during 2022, according to the National Statistical Committee of Kyrgyzstan. Freight transportation by all modes of transport in Kyrgyzstan amounted to 44.2 million tons over the year, up from 34.1 million tons in 2021. Road transportation accounted for the largest increase, with the[…..]
By Chris Devonshire-Ellis  Nicolas Maduro, the Venezuelan President, has proposed establishing a new international bloc involving Latin American and Caribbean countries that would have close ties to Russia and China. Venezuela is also under strict US sanctions due to political disputes with the United States. The country possesses the world’s largest proven oil reserves[…..]
The Kyrgyz parliament has adopted a law under which foreign citizens who invest US$230,000 in the country’s economy will have the right to receive 10-year visas. The Kyrgyz parliament considered and passed in the third reading a bill On Changes to the Law of the Kyrgyz Republic On External Migration.
China has signed Belt and Road Initiative cooperation agreements with all five Central Asian countries after China signed a memorandum of understanding with Turkmenistan days ago, and China’s BRI cooperation circle is still expanding, according to Ministry of Foreign Affairs spokesperson Wang Wenbin.
China and Argentina have formalized the expansion of a currency swap deal, according to the Central Bank of Argentina. The step is expected to boost Argentina’s forex reserves. The currency swap agreement allows Argentinian companies that export to China to make settlements in Yuan or US Dollars, which eases the outflow of foreign currency from[…..]
The first phase of Nigeria’s capital city Lagos Blue Line metro route was opened on December 21, the first metro line in West Africa. The line was constructed by China Civil Engineering (CCE) as part of China’s Belt and Road Initiative.
All the latest international news, analysis and opinion from the BRI Compiled By Chris Devonshire-Ellis Analysis & Opinion Belt and Road 2022 in Numbers (People’s Daily) Putin, Xi, Discuss Strategic Cooperation For 2023 (Silk Road Briefing) China’s Belt and Road Initiative divides the Pacific (Global Voices) China’s Global Development Initiative: A Symbolic Rebranding of the[…..]
Many foreign brands left Russia or suspended the supply of cars to the Russian market in 2022 – a vacancy now increasingly occupied by Chinese companies. Many of these have been drawing up specific plans to increase Russian market penetration for 2023 and beyond. Previous European plants are being purchased at knock-down prices while significant[…..]
Antonio Nucifora, the Practice Manager for the Macroeconomics, Trade and Investment in Europe and Central Asia Region of the World Bank Group, has said in regional media that the Middle Corridor still lacks some pieces of infrastructure and some sections are not yet developed.