Weekly Top News - 2018 December 9

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Here is the Belt & Road Today brought to you by Belt and Road Advisory

  1. Portugal and China signed on Wednesday a Memorandum of Understanding on cooperation on the Belt and Road initiative. The agreement covers a wide range of sectors, especially digital connectivity and electric mobility. - Read more

  2. China has said the arrest of Meng Wanzhou, Huawei’s CFO could be a rights violation, Huawei's CFO. There is a real worry that the US may impose the sanctions on Huawei, following nearly crippling ZTE earlier in the year. - Read more

  3. China has not accepted India’s proposal to carry out bilateral trade in local currencies which was aimed at bridging India’s ballooning $63billion trade deficit with China (increased 20% vs. 2017). - Read more

  4. Swiss bank UBS becomes the first foreign bank to be granted a majority stake in its joint venture in China. It will raise its stake in its JV from 24.99% to 51%, after applying in May this year for the license. - Read more


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GS