Join BeltRoadImagine workspace and appluad podcasters like Zara
story - ENGLISH LANGUAGE CHANGES CHINAS WAYS TO EDUCATE
china as peace provider ..foreign affairs transcripts. ...sec5...un as peacemaking benchmark? more youth markets win-win
trade partners china .. tech leadership 2025 .. cloud china ..4I

China Report of year 2018 -coming soon slideshow of
18 october 2008 5 year party congress beijing -related women hold sky miracles BRAC economistasean.com BRI 1 2

Global2.0 declarations with 100 friends of Xi Jinping -Xiamen(Brics Plus), Beijing (Belt Road), WEF (Jan 2017), UN 2015, Tajikstan 2013, Beijing 1996


#theeconomist good news youth sustain livelihoods & planet map links- fall 17 edu reports unesco, brookings, world bank- navigating 11 win-win trading zones - China and 10 Latin America. 9 Africa, 8 Med Sea 7 Corridor of Stans and mid east; 6 N America :: EURASIA 5 West Europe 4 East Europe 3 Russia 2 India (including bangladesh myanmar corridor) 1 Pacific East ), 0 Inside China questions text usa 240 316 8157 chris.macrae@yahoo.co.uk good news korea (+79 nations) empowered by jinping's aiib2017 take climate goals collaboration race to new level- green big bang 1 2 world record book of job creation help! top 20 Economist challenges

Friday, April 26, 2019

BRI360.com from RWR advisory

RWR Advisory Group <adavenport@rwradvisory.com>
To:chris.macrae@yahoo.co.uk
26 Apr at 16:36
This edition covers developments from April 9 - 23.


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Belt and Road at a Glance
 
Top Developments
  • Belt and Road Forum: More Sustainability, Higher Quality 
    The second Belt and Road Forum is taking place in Beijing April 25-27. According to a draft communique distributed before the forum’s start, representatives from 37 countries will commit to financing practices that respect global debt goals and promote sustainable development. The communique also calls for local currency financing, addressing the danger of repayment obligations swelling as a result of currency volatility. These commitments reflect the imperative in Beijing to address the “debt trap diplomacy” narrative that has taken root since the last forum in 2017. The forum is being attended by representatives from 37 countries, including Japan,New ZealandItalyPortugal, and Austria. Several days earlier, on April 22,Jamaica announced that it would be joining the Belt and Road Initiative, adding to the roster of Latin America and Caribbean countries that have signed on in recent months. Peru reportedly also plans to sign a Belt and Road agreement during the forum.
  • Despite Jokowi Win, BRI Faces Speed Bumps in Indonesia 
    It is all but confirmed that Indonesian President Joko Widodo (commonly known as Jokowi) secured re-election in the country’s April 17 election. Widodo’s primary challenger, Prabowo Subianto, suggested, if victorious, that he would review Belt and Road Initiative projects, such as the Jakarta-Bandung high speed railway, so that Indonesia can get a “better deal.” While Widodo has said that he will improve Indonesia’s infrastructure, his re-election is not a sure sign of a smooth path for the Belt and Road in Indonesia. Indonesia’s investment chief, Tom Lebong, criticized the railway project just prior to the election, complaining that even cabinet officials were having trouble securing information. More recently, Foreign Ministry Spokesperson Arrmanatha Nasir said, “If it won’t be profitable, it should not proceed.”
  • East Coast Rail Link Back on Track at Lowered Cost
    The governments of Malaysia and China reached an agreement on April 11 to resume work on the East Coast Rail Link (ECRL), which had been suspended for almost a year as part of Malaysian Prime Minister Mahathir Mohamad’s election pledge to review Chinese infrastructure projects. The cost was revised downward from $15.81 billion to $10.7 billion, in part due to contractor China Communications Construction Company (CCCC)’s willingness to sign an MoU with Malaysia Rail Link (MRL) assuming the risks involved in rail operations and maintenance. The resumption, however, has not ended the controversy surrounding the project. On April 23, controversial blogger Raja Petra Kamarudin alleged that CCCC had been given 4,500 acres of land along the route for free as part of the renewed agreement. This has been disputed by government sources.
  • CMEC Signs Contract to Upgrade Bulgaria's Port of Varna 
    On April 12, China Machinery Engineering Corporation (CMEC) signed a $135 million contract with Logistic Center Varna to upgrade the port of Varna, which is one of Bulgaria’s two main ports, located on the Black Sea’s west coast. As the general contractor, CMEC will be responsible for design, equipment procurement, civil engineering, and construction, as well as installation, commissioning, and training once the project is completed. While the contract is limited in scope, it does mark the first involvement of a Chinese contractor in port construction work on the Black Sea (notwithstanding dredging work in Crimea).
  • CGN to Develop Reactors at Romania’s Cernavoda Nuclear Plant
    China General Nuclear Power Corporation (CGN) and its subsidiary, CGN Central and Eastern Europe Investment, signed a preliminary agreement with Romanianpower producer Societatea Nationala Nuclearelectrica  on April 10 to establish a joint venture to develop two new reactors, units 3 and 4, at the Cernavoda nuclear plant. The plant currently has two reactors with the installed capacity of 700MW each. This is the latest step in the development of a deal that began in 2013, when CGN and Nuclearelectrica signed a letter of interest regarding the two units.
  • Chinese, Russian Think Tanks Establish Joint Arctic Research Center  
    During the fifth International Arctic Forum held in St. Petersburg on April 10, the Qingdao National Laboratory for Marine Science and Technology signed an agreement with the Institute of Oceanology at the Russian Academy of Sciences toestablish the China-Russian Arctic Research Center, which will serve as the base for several joint Arctic expeditions and research projects in the future. Research done at the center will allow scientists to forecast ice conditions along the Northern Sea Route (NSR).
  • Tsingshan Expands Plans for Steel Plant, Power Station in Zimbabwe
    On April 23, Tsingshan Holding Group signed an MoU with Zimbabwe’s Ministry of Mines and Mining Development to expand the scope of an existing MoU todevelop a $1 billion steel plant in Mvuma and a 600MW thermal power station to supply power to the plant, that was signed in June 2018. The expanded MoU provides Tsingshan with a lithium concession for mining and value addition, doubles the ferrochrome production, and allows for exports in addition to domestic consumption. Tsingshan also plans to explore the possibility of building a railway line from landlocked Zimbabwe to Mozambique’s port of Beira.
New Project Locations
Data from IntelTrak, April 9 - 23.
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What They're Saying
EU SPOKESPERSON
Speaking to EURACTIV ahead of the 21st EU-China Summit

KARUNASENA KODITUWAKKU
Sri Lankan Ambassador to China
Addressing loan replayments to China amid debt crisis

ALEXANDER VOROTNIKOV
Expert, Russia's Project Office for the Development of the Arctic
Op-ed in the Russian Defense Ministry’s Zvezda (Star) Weekly

MIKE POMPEO
U.S. Secretary of State
Remarks made following stop in Chile during Latin America trip

XU BU
Chinese Ambassador to Chile
Op-ed in Chile's El Mercurio in response to Pompeo's remarks

ARRMANATHA NASIR
Indonesian Foreign Ministry Spokesperson
In a media briefing in Jakarta
By the Numbers
Data from IntelTrak, April 9 - 23.
Regional Developments
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