Economy & Trade Archives - Silk Road Briefing

Proposals For Shanghai Cooperation Organisation To Set Up Payment Mechanisms Using Member State Currencies

Silk Road Briefing — Thu, 26 Oct 2023 14:22:59 +0000

If adopted, 20% of global GDP would move to non-US dollar transactions Proposals have been made by the Russian Prime Minister Mikhail Mishustin, for establishing an independent payment mechanism for members of the Shanghai Cooperation Organization (SCO). Following up from recent meetings held by the SCO Council of Heads of State in New Delhi,[.....]

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Silk Road Investment Fund Working Capital Increased By US$11 Billion

Silk Road Briefing — Wed, 25 Oct 2023 06:08:52 +0000

During the recent Belt and Road Forum in Beijing, the Chinese President Xi Jinping announced a number of new initiatives, including new financing corridors. Chinese companies will accelerate the launch of the China-Europe express railway service and support the development of the Trans-Caspian corridor. They will also invest in the infrastructure of the maritime and[.....]

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BRICS Pay: The Latest Development & Integration Updates

Silk Road Briefing — Tue, 24 Oct 2023 13:08:53 +0000

By Paul Goncharoff With all the geopolitical and economic upheavals happening on what seems an accelerated daily basis, often important details get lost in the urgency of other events. Over the past weeks we have seen BRICS steadily growing, and just last week, the Belt & Road forum has shown clear, goal driven results despite[.....]

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The Taliban’s Approach to Afghanistan’s Economy

Silk Road Briefing — Mon, 23 Oct 2023 15:41:56 +0000

Taliban officials attended China’s Belt & Road Forum last week. What is the economic likelihood for economic development in Afghanistan? By Farzad Ramezani Bonesh, with additional comments by Chris Devonshire-Ellis Introduction Although Afghanistan’s economy had experienced reasonable growth until 2001, from the US invasion until now, it has declined and become a dependent, consumption economy,[.....]

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The 2023 Belt & Road Initiative Forum: A Greener and more Cost-Effective Vision

Silk Road Briefing — Sat, 21 Oct 2023 10:57:04 +0000

By Emil Avdaliani The Third Belt and Road Forum held in Beijing last week witnessed participation from over 4,000 individuals representing more than 140 nations. By the conclusion of the forum, cooperation projects totaling US$97.2 billion were inked. China released 89 multilateral cooperation documents and detailed 458 concrete cooperative initiatives. More wide-ranging, the Forum signals[.....]

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Xi Announces Eight New Development Strategies For The Belt & Road Initiative

Silk Road Briefing — Thu, 19 Oct 2023 10:10:05 +0000

US$97.2 billion of investment deals signed at this week’s Beijing BRI Forum By Chris Devonshire-Ellis Chinese President Xi Jinping’s address at Wednesday’s (October 18) opening ceremony of the Belt and Road Forum for International Cooperation saw him introduce eight new strategic goals for the BRI – many of them closely tied with Beijing’s goals of attaining[.....]

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Chris Devonshire-Ellis Panel Session On CGTN / BRICS TV At Third Belt & Road Initiative Forum

Silk Road Briefing — Wed, 18 Oct 2023 08:40:59 +0000

Chris Devonshire-Ellis, the Chairman of Dezan Shira & Associates, has taken part in a joint CGTN/BRICS TV production of ‘BIZ Talk’ recorded as 4,000 leaders and delegates have gathered in Beijing for the third Belt and Road Forum for International Cooperation. In a co-production by CGTN and TV BRICS of Russia, government officials, leading experts,[.....]

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Ten Years of China’s Belt and Road Initiative: Highlights, Challenges and A Case Study

Silk Road Briefing — Tue, 17 Oct 2023 13:32:29 +0000

Leaders from 130 countries are attending the third BRI summit in Beijing. This year, the Belt and Road Initiative (BRI), a massive infrastructure development project, marks a decade since its launch. Kazakhstan, the country where the initiative was announced, has played a pivotal role in this endeavour. The BRI is a massive infrastructure and economic[.....]

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China, Kazakhstan, Sign MoU On Kazakh Geological Research Projects

Silk Road Briefing — Mon, 16 Oct 2023 10:44:38 +0000

Kazakhstan’s KazMunayGas JSC (KMG, Kazakhstan’s national oil and gas company) and China National Offshore Oil Corporation (CNOOC) signed a Memorandum of Understanding on Monday (October 16) in Beijing. As part of the agreement, the two countries will conduct joint geological research on promising exploration projects and expand cooperation on existing fields and oilfield services in[.....]

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Chris Devonshire-Ellis Sputnik Interview: The China-Mongolia-Russia Economic Corridor

Silk Road Briefing — Sun, 15 Oct 2023 12:21:05 +0000

Chris Devonshire-Ellis, the Chairman of Dezan Shira & Associates, has been interviewed by Sputnik Global concerning the China-Mongolia-Russia Economic Corridor (CMREC). The interview was based around analysis of Russian President Putin’s attention towards “strengthening the economic and transport interconnectedness of Eurasia”, including the Russia-Mongolia-China economic corridor. What is the purpose of another corridor? How will[.....]

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