Belt and Road Weekly Investor Intelligence #65
In this edition, we look at the Asian trade impact from EU-Russia sanctions, China’s digital yuan, getting cash-flow revenues from the BRI, Russia-Iran trade, Philippines’ export incentives, Chinese cryptominers impact Siberia’s energy resources, and global Belt and Road news.
Moscow has already been moving its supply chains away from the EU.
China has released the new digital yuan app for iOS and Android on domestic app stores, available to users in 12 cities across China and will be available to foreign visitors at the Winter Olympics. Tencent-owned WeChat announced it would begin rolling out the e-CNY as a payment option on its platform, potentially introducing the digital currency to over 1.2 billion users.
While a great deal has been written about China’s global railway infrastructure build, with a recent case being the opening of the China-Laos railway, an equally, if not more important aspect is the leveraging of the tracks and concrete to provide a faster, cash-flow generating, digital communications network.
Increasing ties will have significant regional trade impact from India to Azerbaijan.
The Philippines issued a value-added tax (VAT) exemption for registered exporters on their local purchases of goods and services through Revenue Regulations (RR) No. 21-2021. The VAT privilege covers the sale of equipment, supplies, packaging materials, and goods, among others, for a maximum period of up to 17 years.
Bitcoin miners from China leave Siberia energy depleted.
All the latest international headlines, analysis, and opinion about the Belt & Road Initiative.
Dezan Shira & Associates provide business intelligence, market research, legal, tax and compliance issues for foreign investors throughout Asia, and have 28 offices across the region. We are members of the Leading Edge Alliance, a network of related firms with offices throughout the world. For assistance with Belt & Road Initiative research, please contact us at email@example.com or visit us at www.dezshira.com. To subscribe to our Belt & Road Initiative portal, please click here.
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