This week’s issue highlights the suppressed news that China’s Outbound Investment is now the highest in the world when matched against other economies, while we offer strategic assistance to Western and Russian businesses looking to navigate their way out of the Ukraine conflict and Western sanctions. Elsewhere its all about the Far East as we look at China’s C+C5 Central Asian forum, and infrastructure and supply chain developments between China & Russia and India & Russia. We look at how Central Asian trade between Kyrgyzstan and Uzbekistan is developing and have our usual BRI global roundup.
What Belt & Road Slowdown? China Tops Global Outbound Investment And Inbound Investment Rankings
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 of problems. It is a similar story of China domestic slowdowns, with a strict Covid policy attracting all sorts of negative attention amongst stories of expats leaving China and Hong Kong ‘in droves’. However, in reality, Foreign direct investment and China outbound investment have hit record levels.
Assisting Western & Russian Companies Plan Their Post-Conflict Investment Strategies
Professional assistance is available to advise Western and Russian companies in Russia plan their next strategic moves in light of the current European conflict.
China Lays Out Ten Cooperation Points With Central Asian Nations
China’s Foreign Minister Wang Yi has been attending the third China + Central Asia (C+C5) Foreign Ministers’ Meeting in Nur-Sultan, Kazakhstan. The C5 include Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Central Asia has become of increasing strategic importance to China as a result of the Russia-Ukraine conflict, which has pinched direct supply chain routes between China and the EU. We provide an analysis of what was said at the meeting.
Kyrgyzstan to Uzbekistan Exports Up As Growing Trends Justify The China-Kyrgyz-Uzbek Railway 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.
New Russia-China Amur River Road Freight & Passenger Bridge Opens
Freight traffic has begun to use the first road bridge across the Amur River, connecting Russia’s Blagoveshchensk and China’s Heihe. The bridge opened to trucks on Friday (June 10). Freight trucks cross the bridge at the Kani-Kurgan – Heihe border checkpoint, with up to 600 trucks able to pass over the bridge and complete customs formalities daily. Digital crossing points will be able to support movement of up to 4 million tonnes of cargo, and 2 million passengers annually.
Russia Tests India Freight Direct Via INSTC
Iran’s state-run shipping company has stated it has successfully completed the first transit of Russian goods to India, using the International North South Transportation Corridor (INSTC). Goods originated in St.Petersburg, departed the Russian Caspian Sea port zone of Solyanka in Astrakhan, were shipped south to Iran’s Anzali Caspian seaport, and then transited south via road across Iran to the Iranian Gulf port of Bandar Abbas. From there, goods were shipped to Mumbai.
Belt & Road Initiative
China’s Belt & Road And Beyond
All the latest global headlines about China’s 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 firstname.lastname@example.org or visit us at www.dezshira.com. To subscribe to our Belt & Road Initiative portal, please click here.