Weekly Top News - 2019 January 20


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

  1. Donald Trump is to meet North Korean leader Kim Jong-un for a second summit by the end of February, the White House says. The announcement came after Mr Trump met top North Korean negotiator Kim Yong-chol at the White House. - Read more

  2. China's foreign trade hits historic high in 2018. Exports in 2018 grew well (almost 10% compared with about 8% in 2017) while imports grew the same as in 2017 (15.8%). The trade surplus with the US was the highest ever ($323bn).

  3. Foreign Direct Investment into China grew 3% in 2018 to reach $135bn, a slowdown versus 2017 (+5%) and 2016 (+7%). However, Minister Zhong of MOFCOM said this still reflected progress given global FDI had fallen by 40% in 2018.

  4. The Pentagon has said China is using its expanding military, trading and infrastructure network to pursue global leadership in a report that warned that its global ambitions could undermine the security of the US and allies. - Read more

  5. Pakistan will shelve the 1,320 MW Rahim Yar Khan coal-power project under the $ 60 billion China-Pakistan Economic Corridor, citing sufficient generation capacity already lined up for the next few years. - Read more

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Grzegorz Stec