China - One Belt, One Road

China - One Belt, One Road

Postby winston » Tue Jan 31, 2017 2:21 pm

Understanding the risks lurking behind China’s one belt one road initiative

By Gwyneth Yeo

The high-speed railway that connects Laos to China would cost over US$7 billion ($10 billion) to construct, or more than half of Laos’ annual gross domestic product.

At the same time, China’s investment in Pakistan could potentially reach US$46 billion, or 17% of annual GDP, by 2030.


Currently, over US$900 billion worth of projects are underway or in its planning stage.

To help finance these projects, China set up the multilateral Asia Infrastructure Investment Bank and established a US$40 billion Silk Road Fund in 2014.


Source: The Edge

http://smr.theedgemarkets.com/article/u ... initiative
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China - One Belt, One Road

Postby winston » Fri May 12, 2017 2:00 pm

'Silk Road' plan stirs unease over China's strategic goals

By Joe Mcdonald, Munir Ahmed And Gillian Wong

Source: Associated Press

https://www.marketbeat.com/articles/sil ... 017-05-11/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Railway

Postby behappyalways » Sun Sep 17, 2017 6:14 pm

Freight train coming

New rail routes between China and Europe will change trade patterns

The new Silk Railroad will challenge airlines and shipping firms


ASTANA in Kazakhstan is one of the world’s most remote capitals, surrounded by thousands of kilometres of empty steppe. This summer Astana attempted to launch itself onto the global stage by hosting the World Expo, which closed on September 10th and underwhelmed many attendees. But there are other ways to have an impact.

On the city’s north side, away from the Expo’s exhibits, a series of diesel trains, each pulling dozens of containers, roll through the old railway station. Most are heading from China to Europe.

Last year over 500,000 tonnes of freight went by train between the two, up from next to nothing before 2013. Airlines and shipping firms are watching things closely.

The trains rumbling through Astana result from a Chinese initiative, in tandem with countries like Kazakhstan, to build a “New Silk Road” through Central Asia. The earlier overland routes were once the conduits for most trade between Europe and China and India; they faded into irrelevance when European ships started circumnavigating the Cape of Good Hope.

China has long wanted to develop its inland regions and push industry to “go west”, in order to spread economic growth more evenly. Manufacturers have been loth to shift, in part because of the higher cost of moving goods to ports for export.

Developing a rail-freight network to Europe—an important part of China’s “One Belt One Road” policy—opens up a new route to market for its poorest areas. The land route through Central Asia is relatively short. A container ship too large for the Suez canal must make a 24,000km journey to reach Europe. Trains travel no more than 11,000km to reach the same destination.

Kazakhstan has spent over 1.1trn tenge ($3.2bn) on upgrading its railway lines and rolling stock since 2011. That includes $250m on the Khorgos Gateway, a dry port at the border with China that lifts containers from Chinese trains onto Kazakh ones to overcome a change in track width (a problem that has stymied previous efforts to build railway routes between Europe and China).

Volumes of freight travelling between China and Europe by rail are rising quickly. Between 2013 and 2016 cargo traffic quintupled in weight. In the first half of this year the value of goods travelling by train rose by 144% compared with the same period in 2016.

Western firms have been keen to embrace rail freight because it helps them to lower costs, says Ronald Kleijwegt, an expert on the industry. In the case of high-tech electronics, for example, which consumers like to receive quickly, making them on China’s coast and air-freighting them to Europe is extremely pricey.

How worried should shipping firms and airlines be? Kazakhstan’s national rail company, KTZ, says it will have capacity for 1.7m containers to pass through the country between Europe and China each year by 2020; that is a tenth of the volume currently carried by sea and air between the two. In the longer term, a full modernisation of the existing main three rail routes from China to Europe could produce 3m containers a year in capacity.

But there are reasons to doubt that will happen. For one thing, China plans to stop handing out government subsidies for additional rail-freight capacity from 2020, which will slow the network’s expansion.

Sea freight has little to fear in the near term, says Soren Skou, chief executive of Maersk, the world’s biggest container-shipping line. Trains may take away some future growth from ships, he concedes, but not their existing business.

Air cargo is more vulnerable. Last year, 180,000 tonnes of cargo travelled on trains to western Europe from China (the remainder was destined for Russia and eastern Europe). That is a small fraction of the 52m tonnes that came by sea, but a big chunk of the 700,000 tonnes that came by air.

Much of that air cargo could switch to rail in future, says Mr Kleijwegt, with one important proviso—that Russia would need to lift the retaliatory sanctions it placed in 2014 on imports of Western food, which stop most foodstuffs from travelling by land between Europe and China.

That is unlikely for the time being. But it was only a decade ago that people thought the idea of freight trains between Europe and China was a joke, says Mr Kleijwegt—and no one laughs at that any more.

Source: The Economist
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - One Belt, One Road

Postby winston » Tue Oct 30, 2018 6:31 am

Botched Chinese railway project in Africa is a warning to belt and road investors

Lessons should be drawn from the poorly executed US$4 billion Addis Ababa-Djibouti freight railway, warns head of China’s export credit insurer

Planning behind many China-led projects abroad has been ‘downright inadequate’ and costly

Source: SCMP

Botched Chinese railway project in Africa is a warning to belt and road investors
Lessons should be drawn from the poorly executed US$4 billion Addis Ababa-Djibouti freight railway, warns head of China’s export credit insurer
Planning behind many China-led projects abroad has been ‘downright inadequate’ and costly
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China - One Belt, One Road

Postby behappyalways » Tue Apr 02, 2019 4:24 pm

2019.03.30【文茜世界周報】一帶一路五週年 陸媒宣揚成果
https://www.youtube.com/watch?v=67R1-qw ... AU&index=7
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - One Belt, One Road

Postby behappyalways » Wed Apr 17, 2019 8:26 pm

2019.04.14【文茜世界財經週報】馬爾地夫國會大選 反中勝出衝擊帶路
https://www.youtube.com/watch?v=jpeyCgs ... xu&index=4
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - One Belt, One Road

Postby behappyalways » Mon May 13, 2019 7:55 pm

2019.05.11【文茜世界周報】外媒唱衰一帶一路 稱大陸借此挖債務陷阱
https://www.youtube.com/watch?v=AKp4ReG ... AU&index=3
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - One Belt, One Road

Postby behappyalways » Mon Aug 12, 2019 2:59 pm

Lender’s remorse? China finds Africa projects require a growing wave of debt forgiveness
https://www.scmp.com/news/china/diploma ... re-growing
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - One Belt, One Road

Postby behappyalways » Tue Oct 22, 2019 6:57 pm

Kenya opens massive US$1.5 billion railway project funded and built by China
https://www.youtube.com/watch?v=pKR1sRifMRw
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - One Belt, One Road

Postby behappyalways » Thu Nov 21, 2019 4:53 pm

2019.11.17【文茜世界財經週報】 協議文本最後交鋒 雙方陷入角力對峙狀態
https://www.youtube.com/watch?v=CkApxfb ... xu&index=5
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Next

Return to ASIA, OCEANIA & AFRICA: Data, News & Commentaries

Who is online

Users browsing this forum: No registered users and 15 guests

cron