Weekly Top News - 2018 October 14

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

  1. After seeing its current account deficit increase rapidly in recent years, Pakistan has been forced to revert back to the IMF bailout and is seeing between $6-12 billion. US however have said they would veto any bailout which helps Pakistan pay loans to China.  - Read more

  2. Following a meeting between Deputy Foreign Ministers of DPRK and China, DPRK will also do the same with Russia. DPRK trying to find allies before the next round of nuclear talks with the US. - Read more

  3. The People’s Bank of China pulled a financial lever that will effectively pump $175 billion into the economy. The government is aiming to help small and midsize businesses in particular, which have had trouble obtaining loans.   - Read more

  4. Sierra Leone has cancelled a $400m Chinese-funded project to build a new airport outside the capital Freetown. Aviation Minister Kabineh Kallon said that the airport wasn't necessary and its current international airport would be renovated instead.  - Read more

  5. President Xi and Trump will meet on the sides of the G20 summit in Buenos Aires, Argentina, next month and seek to resolve the trade war according to WSJ.  - Read more

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Grzegorz Stec