2018 October 2

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

  1. Canada has agreed to join the United States and Mexico in a trade deal that will replace the North American Free Trade Agreement. The new deal will be called “USMCA”. - Read more

  2. Growth in China's manufacturing sector sputtered in September as both external and domestic demand weakened, two surveys showed on Sunday, raising the pressure on policymakers as U.S. tariffs appear to be inflicting a toll on the Chinese economy.- Read more

  3. The IMF, World Bank and WTO joined forces and released a report titled "Reinvigorating Trade and Inclusive Growth", focusing on liberalizing services trade. This comes at a time when China is coming under renewed pressure to open its services markets and the US is becoming more protectionist.  - Read more

  4. After lengthy delays, an $8.2 billion revamp of a colonial-era rail line snaking from the Arabian Sea to the foothills of the Hindu Kush has become a test of Pakistan’s ability to rethink signature Chinese “Silk Road” projects due to debt concerns. An $8.2 billion rail megaproject linking the coastal metropolis of Karachi to the northwestern city of Peshawar is China’s biggest Belt and Road Initiative (BRI) project in Pakistan, but has become a test of Pakistan’s ability to tolerate heavy debt loans.   - Read more

  5. A major power transmission line project in Laos has been completed. The $200 million power transmission and transformation line project will enable electricity transfer from production sites to the northern and central provinces in Laos. - Read more

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Grzegorz Stec