This article is by: China Daily
Read more about it here: 1st Purchase Intention Reached on CIIE Opening Day
An excerpt from China Daily:
"ZKH, the Chinese producer-goods supermarket, reached $100 million purchase intention with DOW and Schneider Electric at the second China International Import Expo in Shanghai on Tuesday, according to thepaper.cn.
ZKH is the new ""Six days + 365 Days"" trade and service platform by the Shanghai Municipality this year and an important carrier of the CIIE's overflow effects. DOW and Schneider Electric are long-term strategic partners with ZKH, so they have a larger exhibition area and broader exhibit categories at the CIIE this year.
Before the company reached the $100 million prospective purchase intention, its leaders had often discussed it offline. The deal will be closed during the CIIE after discussions on some details. "
This article is by: The Straits Times
Read more here: Singapore and China sign bumper number of deals at top annual bilateral summit
An excerpt from The Straight Times:
"Singapore and China have inked as many as nine agreements at their latest apex bilateral meeting, held for the first time in the south-western Chinese city of Chongqing.
The two countries signed a raft of pacts - from customs twinning to a Smart City project in Shenzhen to a youth internship exchange programme - at their 15th Joint Council for Bilateral Cooperation meeting.
The substantial number of deals - up from seven signed at last year's talks - could be seen as a sign of a new chapter in the relationship between the two countries, as Singapore transitions to a new political generation."
Below: Deputy Prime Minister Heng Swee Keat (left) and Chinese Vice-Premier Han Zheng in Chongqing, China.
This article is by: World Economic Forum
Read more about it here: What you need to know to understand Belt and Road
An excerpt from World Economic Forum:
Announced by Chinese President Xi Jinping in 2013, the Silk Road Initiative, also known as China's Belt and Road Initiative, aims to invest in infrastructures projects, including railways and power grids, in central, west and southern Asia, as well as Africa and Europe.
If all goes according to plan, the Belt and Road will change the shape of the world economy and world politics, returning us to a time when China occupied the center of global networks.There will be new infrastructure, of course, and that will be an obvious and easy metric of success. In twenty or thirty years some of the new Belt and Road projects will likely stand as the highest example of what human ingenuity can achieve in its drive to master natural forces. A bridge crossing the Caspian Sea may make road transport between Europe and China fast and easy, changing old mental maps separating continents.
As it expands, the Belt and Road is bound to become also increasingly futuristic. Self-driving vehicles on land, sea and air and trillions of connected devices worldwide will be empowered by a Belt, Road and Space fleet of China-centered satellites. Chinese companies are already planning to engage in deep-space economic activity, like building orbit solar power plants, and mining asteroids and the moon.
This grand project is measured in decades, with its conclusion planned for 2049, the centenary of the founding of the People’s Republic of China.
This article is by: Reuters
Read more about it here: Three Chinese companies to build Tallinn-Helsinki tunnel
An excerpt from Reuters:
A Chinese-funded Finnish company working on a Tallinn-Helsinki undersea tunnel project said on Friday it will work with three Chinese companies on the final design and building of the 100 kilometer (60-mile) tunnel, which forms part of Beijing’s Belt and Road initiative.
FinEst Bay Area Development said it signed a memorandum of understanding with China Railway International Group, China Railway Engineering Company, China Communications Construction Company. The new partners were needed as Finland and Estonia had limited resources in tunnel boring and high-speed train technologies.
Finland and Estonia have for years considered linking their capitals, which are divided by the Gulf of Finland. The tunnel would cut the travel time to 20 minutes from the two-hour ferry ride, conducted by thousands of people daily. A 2017-published feasibility study commissioned by the two governments said the planned tunnel could open in 2040 but the builders said it could be built by the end of 2024, with some parts opening already before.
This article is by: Foreign Policy
Read about it here: China’s Global Investments Are Declining Everywhere Except for One Region
An excerpt from Foreign Policy:
The total value of China’s global investments and construction contracts actually fell by $100 billion in 2018, according to data analyzed from the American Enterprise Institute’s China Global Investment Tracker. Just about every region saw a significant decline in Chinese investment or construction projects except, surprisingly, for one: the Middle East and North Africa (MENA).
Of the 2018 MENA total, nearly three-quarters was targeted at Egypt, the United Arab Emirates, and Saudi Arabia. Those three countries also make up half of the “$20 billion club”—the group of countries with more than $20 billion worth of projects from China dating back to 2005.
A flurry of Chinese investment and construction projects in the MENA region over the last three years has made it a key geoeconomic partner for Beijing. The MENA region ranked as the second-largest recipient of investment and Chinese construction projects worldwide after Europe in 2018.
This article is by South China Morning Post
Read about it here: China’s US$7 billion railway link to Laos is almost half done, on schedule to begin service in 2021
An excerpt from South China Morning Post:
"China’s railway line to Laos, a 414km (257 miles) link between the Yunnan’s provincial capital of Kunming and the Laotian capital Vientiane, is almost half complete, putting it on schedule to begin service in December 2021, said the chief of Lao Railways.
Trains on the line can travel at up to 160 km/h (100mph), cutting the travelling time between the two cities to three hours from three days, said Lao Railways’ director general Somsana Ratsaphong. Tickets will start from US$20 a trip."
This article is by Today Online
It is about The belt and road initiative
It is note worthy because Singapore and China are realizing closer official business ties.
Read about it here: Closer business ties for S'pore, China, as countries ink MOU for Belt & Road initiative
This video is by Channel News Asia
It is about the rise of the economic influence China has gained and is gaining
It is note worthy because this shift marks a new are we are entering now
Watch the video here: Will China use its economic might as a tool to achieve its own geopolitical objectives?
This article is by World Property Journal (Michael Gerrity)
It is about The Commercial Real Estate Market in China and its future growth
It is note worthy because It is interesting to see how 6 key factors can shape a real estate market
Read about it here $150 Billion of Investment Allocated for China's Commercial Real Estate Market
This article is by McKinsey&Company (Tian Jinchen)
It is about The One Belt One Road initiative from China
It is note worthy because This is how China is creating the groundworks for a new economy
Read about it here 'One Belt and One Road': Connecting China and the World
"In 2013, China’s president, Xi Jinping, proposed establishing a modern equivalent, creating a network of railways, roads, pipelines, and utility grids that would link China and Central Asia, West Asia, and parts of South Asia. This initiative, One Belt and One Road (OBOR), comprises more than physical connections. It aims to create the world’s largest platform for economic cooperation, including policy coordination, trade and financing collaboration, and social and cultural cooperation. Through open discussion, OBOR can create benefits for everyone."
Your On-the-Ground People in China.
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