Tuesday, March 30, 2021
Welcome to this week’s issue of China Briefing’s Belt & Road Initiative Weekly Investor Intelligence round up.
In this week’s edition, we examine China’s ‘Vision 2035’ plan, which highlights major policy programs, including plans for the Belt & Road Initiative (BRI). We look at how China and Russia approach diplomacy as opposed to the United States; assess Vietnam and Thailand, both BRI nations, as alternatives to China; take in the proposed China-Eurasian Economic Union Free Trade Agreement; and finally, look at why smaller EAEU members are struggling to adapt to coming digital payment systems.
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China’s Vision 2035 involves the country developing megacities that will help foster stronger regional trade and investment partnerships with ASEAN, the Belt & Road region, as well as developing economies across the world.
Thailand and Vietnam are ideal destinations for investors looking to relocate or supplement their China operations. Businesses, however, need to consider several factors, such as the political environment, when looking to invest or relocate. We focus on the political environment and highlight the pros and cons to help you make an informed decision based on the circumstances at this time.
While global media has highlighted the China-Russia cooperation angle, nothing has yet surfaced about the future of the China-Eurasian Economic Union Free Trade Agreement. That was signed off in 2018, yet remains preferential, meaning no tariff reductions have yet been agreed to make the FTA meaningful. That could be about to change.
Russia is leading the way with the digital ruble, but smaller EAEU member states are more IT conservative and will need to see proof of benefits and receive technical funding.
The recent Chinese-Russia and China-US negotiations, held with a difference of several days, were a contrast, demonstrating how interstate relations can proceed – depending on whether they are built on an equal and respectful basis or if one of the parties conducts a dialogue from a position of strength and imposes its values and rules.
All the latest Belt & Road Initiative media coverage from around the world.
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