Tuesday, April 20, 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 take a detailed look at the next level of infrastructure development along the BRI – linking together Central and South Asia. We examine how the BRI will look 15 years from now and the impact for regional state-owned enterprise (SOE) growth and development. We also look at how today, cities such as China’s Guangzhou, are implementing policies to capture the benefits of the recent RCEP/Pacific-East Asia regional trade agreement. These can be expected to become trade blueprints for other cities within RCEP, including many within ASEAN.
Finally, we examine how the UK is mirroring Russia’s pivot to the East in the aftermath of Brexit and provide analysis of why London may want to take note of China’s Belt & Road trade development strategy.
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Both China and Russia have committed to ‘The Great Eurasian Partnership’, which envisages mutual China/Russia influence extending over a region from East Asia to the borders of the European Union. At its heart lies Central Asia, a region rich in mineral resources yet until now, geographically isolated and beset with conflicts.
The concept of ‘geo-economics’ has recently become an increasingly prominent feature in academic literature, now given more weight with the onset of the Biden administration’s proposals paralleling China’s multi-decade focus on infrastructure development.
Guangzhou’s measures to promote cross-border e-commerce is the first such move in China where special policies have been rolled out to help the local business community benefit from the multi-lateral Regional Comprehensive Economic Partnership, which also includes all 10 ASEAN nations, Australia, New Zealand, South Korea, and Japan.
27 breaking news headlines from global media about China’s BRI.
London and Moscow may be at political loggerheads right now, but the UK is nonetheless mirroring Russia’s Asian trade development strategy.
Existing trade proposals are not enough for the UK to replace the EU as a trade partner. But what would Beijing do if it, not London, managed the British Commonwealth? China’s Belt & Road methodology could be utilized by the UK to boost its global trade development.
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