Weekly Top News - 2018 October 21
Here is the Belt & Road Today brought to you by Belt and Road Advisory
About 1,000 people will attend a signing ceremony for more than 60 joint Belt and Road projects involving Japanese and Chinese firms when Prime Minister Shinzo Abe visits Beijing later this month. That’s huge and shows BRI is starting to open up! - Read more
In a surprising choice of words, PBoC governor Yi Gang said: "We will consider treating SOEs with the principle of competitive neutrality.” This refers to treating private & state firms equally, and is very rarely used (if at all) by Chinese officials. - Read more
China becomes the largest recipient of foreign direct investment (FDI) in the first half of 2018, attracting an estimated ¢70 billion in inflows (+6%) vs. world ( - 41% ). China will definitely be using this fact at CIIE. - Read more
US Treasury Secretary Mnuchin said on Friday tells Governor Yi Yang of the PBoC about his concerns over the weakness of China's currency. The two met in Bali, Indonesia where they are attending the annual meetings of the IMF and World Bank. - Read more
China’s vice finance minister Zou Jiayi on Saturday acknowledged debt issues with some of some Belt and Road projects, saying the government will strengthen macro-supervision on the debt sustainability aspect of its overseas investments. - Read more