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 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.
The decision of other signatories to proceed with the JCPOA and the likelihood of a successful new trading arrangement sans US dollar could hurt the international position of the US dollar and the currency will be collateral damage to the current impasse.
The recent US trade retaliation against China is similar to that against Japan in the 1970s and 1980s. Japan’s economy was badly hit after the large appreciation of the Japanese yen as part of the measures to resolve the bilateral trade imbalance