The Central Bank of Iran (CBI) has approved the establishment of offshore banks in free trade and industrial zones, according to the Secretary of the Supreme Council of Free and Special Economic Zones Saeed Mohammad, with an Offshore bank already to be established by the Organization of Free Trade-Industrial Zones.
Kyrgyzstan increased its exports of commodities to Uzbekistan during January to April 2022, according to the National Statistical Committee of Kyrgyzstan. The news validates the decision taken recently to commence work on the China-Kyrgyzstan-Uzbekistan (CKU) railway, with export trends in favour of the routes success.
Compiled By Chris Devonshire-Ellis Analysis & Opinion What Belt & Road Slowdown? China Tops Global Outbound Investment And Inbound Investment Rankings And Just Liberalized Hong Kong’s Financial Services Industry (Silk Road Briefing) Assisting Western & Russian Companies Plan Their Post-Conflict Investment Strategies (Dezan Shira) Projects Such As BRI Should Be Executed Striking Strategic Diplomatic Balance[…..]
The China Plus Central Asia C+C5 Forum: Statements and Analysis By Chris Devonshire-Ellis China’s Foreign Minister Wang Yi has been attending the third China + Central Asia (C+C5) Foreign Ministers’ Meeting in Nur-Sultan, Kazakhstan, hot on the heels of his trip to the Pacific Islands. The C5 include Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Central[…..]
By Chris Devonshire-Ellis Foreign direct investment and China outbound investment have hit record levels.      Western media often takes aim at China’s Belt and Road Initiative, which has to be one of the inaccurately reported of all China’s State Initiatives. Readers themselves will be familiar with discussions of ‘slowdowns’, ‘disruptions’, ‘debt traps’ and all manner[…..]
Expansion of the route makes Thailand a ‘China Plus One’ Option The China-Laos Railway which opened late last year, is being extended through to Thailand. The Laos section has proven so popular that the frequency of train service has had to be increased several times due to demand.
By Chris Devonshire-Ellis The CKU Railways will create significant trade opportunities for Kyrgyzstan and Uzbekistan while linking China directly to the Middle East via Rail, with spin off benefits throughout the region. China has finally pushed the ‘Go’ button on the long-awaited China-Kyrgyzstan-Uzbekistan (CKU) railway, with work on the route expected to start in spring[…..]
Bilateral trade doubled in 2021Â China’s Foreign Minister, Wang Yi has been visiting the South Pacific Islands, with Papua New Guinea and Timor Leste in East Asia being the last stops on this regional trip. Following concerns about a proposed Chinese security presence in the region, discussions have concentrated far more on trade and development.[…..]
Bilateral Trade Increased By 25% Between 2020 & 2021 Chinese Foreign Minister Wang Yi has been visiting Papua New Guinea’s Prime Minister James Marape in the Papuan capital, Port Moresby on the final leg of his Pacific Islands tour. Papua New Guinea is underdeveloped but has significant natural reserves, while China is already a major[…..]
Compiled By Chris Devonshire-Ellis Analysis & Opinion Belt and Road Tracker (CFR) China Funnels its Overseas Aid into Political Leaders’ Home Provinces (The Guardian) Global Challenges Could Energize Cooperation (Valley News) Regional Chinese Investments in the Netherlands Seen as a Security Threat (ANI) Greece, China Celebrate 50th Anniversary of Diplomatic Ties (Shine) China to Invest[…..]