In October 2018, the MoU on the feasibility study of the Muse-Mandalay railway, a part of the USD 20 billion Sino-Myanmar railway, was signed. This led to the speculation that the canceled Sino-Myanmar railway might be resumed.
One of the important dimensions of the China-US relationship are the sub-national linkages between Chinese provinces and US states. Links between Chinese and US cities, and Chinese provinces as well as US states, have played a role in giving a fillip to economic relations.
The EU warned that it would withdraw its trade preferences given to Cambodia, if Cambodia could not reverse the perceived deterioration of its human rights situation. The country should not underestimate the potential severe impact of the withdrawal on its garment industry.
It’s on everybody’s lips: the smoother relationship between China and Japan, the world’s second and third economies. The conventional explanation for this round of cozying up is that the common challenge of trade wars is uniting the two Northeast Asian rivals.
Japanese Prime Minister Shinzo Abe’s landmark three-day visit to Beijing from October 25-27, 2018, exemplifies the changing undertone in the fragile relations that have been severely affected by territorial disputes and contentions over Japan’s past aggression.
On October 23, 2018, Saudi Arabia kicked off the “Future Investment Initiative” conference, showcasing the country’s progress and reforms. One of the high-profile guests at the conference was Pakistan’s new Prime Minister Imran Khan.
The EU has started the process to withdraw Cambodia’s trade benefits under the “Everything But Arms arrangement, or EBA, which guarantees completely tariff-free access to the European market for all exports except for weapons and ammunition.”
While the debt issue is definitely a major obstacle to some projects, it is not detrimental to the Belt and Road Initiative. In order to address this problem, China has strengthened cooperation and policy coordination with the BRI states and made some progress on it.
Thanks to Trump’s trade war on China, the US is about to experience a massive sample of just what a new, very large consumption tax will taste like. The result is sure to be a significant tax-based lifting of sticker prices across a huge range of goods.