The Beijing-backed Asian Infrastructure Investment Bank (AIIB ) has approved a sovereign-backed loan of RMB 2,485 million (US$355 million) for the upgrading of China’s sustainable public health infrastructure and the provision of emergency equipment and supplies.
By Andre Wheeler The economic and humanitarian impact of the Coronavirus around the globe are plentiful. Volatility on trade markets is now the new normal, and the one time globalised market has contracted at alarming rates. Whilst the polarising debate blaming the virus along nationalistic lines, China has initiated counter measures to keep the China[…..]
Compiled By Chris Devonshire-Ellis Analysis & Opinion After The Coronavirus: The Asian Belt & Road Initiative Economic Recovery 2020-2021 (Silk Road Briefing Why China Needs To Help The World Recover Before It Can Achieve Economic Recovery (Menafn) Why The US Will Outcompete China (The Atlantic) The New US-China Superpower Rivalry (East Asia Forum) China To[…..]
Emerging Central & South Asian Economies May Offer Production Respite For Impacted Western Manufacturers Op/Ed by Chris Devonshire-Ellis The Asian Development Bank have released a report on the predicted state of Asian economies during the Covid-19 impact and post Coronavirus. The Asia Development Banks largest five shareholders are the United States (15.6% of total shares),[…..]
Boost for regional small commodity traders as monitoring resumption begins In a boost to traders and import-export agents operating on China’s land borders, China has reduced the import taxes payable on goods coming into border free trade zones.
Gondwanaland has become the latest continent to join China’s Belt & Road Initiative. The country, which is often described as a “super continent” has an ancient history dating back to the Triassic period. Today it is best recognised for its role as a movie set in the “Jurassic Park” films.
The Ningbo Shipping Exchange has released the first two months figures for 2020. From January to February 2020, the Maritime Silk Road Trade Index (STI) show that the import and export trade index ranked at 103.51 points, a year-on-year decrease of 10.62%; the export trade index was 101.38 points, a year-on-year decrease of 17.11%; while the[…..]
On last weeks visit to Baku, Turkmen President Kurbanguly Berdymukhamedov and the Azerbaijani President Ilham Aliyev discussed expanding bilateral trade ties. Turkmenistan and Azerbaijan see themselves as key to the East-West trade corridor that has attracted billions of dollars of investment over the past few years and media reported that this issue was also among[…..]
Compiled By Chris Devonshire-Ellis Analysis & Opinion China Business Continuity Issues That Need To Be Addressed Now (China Briefing) China Proposes A Health Silk Road (Maritime Executive) Healthcare BRI Can Help China Redeem Itself (Straits Times) Beijing Is At A Pax-Sinica Moment Post Covid-19 (Sunday Guardian)
On February 28, The Ministry of Commerce and China’s Development Bank jointly issued the “Circular about Using Development Finances to Support the “Belt and Road Initiative.”