The Belt and Road Initiative (BRI) undoubtedly offers tremendous opportunities for countries along each of the corridors and for the countless organisation who will play a part in its progress. Yet the project also faces a number of issues that will be critical to the eventual success of the initiative, not least the challenge of social acceptance.

For design and engineering firms such as Arup, it is easy to look at BRI as a series of large-scale infrastructure projects. In reality though, it is a multi-faceted development whose core principles cover everything from policy coordination and trade freedoms to financial integration and globalization.

Ultimately, infrastructure is – always and everywhere – political. There are always strategic interests involved and there can be losers as well as winners. So even when the number of winners far outstrips the losers and there is a compelling case to build, we must always do our best for those who don’t see a critical new rail link, for example, but rather, the loss of land that has been farmed by a community for generations.

That is why Arup has signed up to the UN’s Sustainable Development Goals to try and ensure that all the work we do matches our mission to shape a better world.

Good infrastructure is fundamental to improving people’s lives – creating jobs, supporting trade, providing affordable energy and clean water, as well as reducing poverty. So we must drive home the crucial point that investing in infrastructure can and should be win-win, not a zero sum game.

We have to reinforce the critical truth that trade, growth, job creation and poverty reduction all rely on a virtuous circle that relies on efficient, resilient networks that link people, goods and services between and within countries, regions and cities.

In doing so, we must ensure we are building the right infrastructure for the right reasons. We must ensure that we do not focus on capex costs at the expense of lifetime costs. And we must ensure that major schemes are sustainable socially, environmentally as well as economically, to avoid storing up serious political risks for the future.

The good news is that there is no shortage of skills and expertise available to ensure that the BRI is planned and built to the standards of planning, design, resilience and economic sustainability that will get the job done in the right way.

President Xi Jinping has said that China wants a sustainable Belt & Road and it is critical that we follow this ambition. Truly resilient projects that deliver for the economy, for the environment, and for the people are the key to making the Belt & Road Initiative a success.

More articles from Arup

04 Sep 2019 Arup
“People tend to look at output… but actually, we should look at the outcome. What does this piece of infrastructure have to do with the social and economic development of that location?” points out Arup’s East Asia Region Chair, Michael Kwok. “That is why Belt and Road makes so much sense – not only in terms of supporting the development of a country, but actually in supporting the ambitions of shaping a better world.” Speaking in a video for the Hong Kong Trade Development Council, Michael described the BRI – an ambitious, large-scale programme to connect Asia, Africa and Europe via land and maritime networks – as a very important initiative not just for China, but for the world. He believes that Hong Kong is playing a vital role in helping to shape the Belt and Road Initiative due to its internationalism, openness and pragmatism. Pioneering digital transformation work in Hong Kong, particularly around 3D printing, automation and artificial intelligence,
“People tend to look at output… but actually, we should look at the outcome. What does this piece of infrastructure have to do with the social and economic development of that location?” points out Arup’s East Asia Region Chair, Michael Kwok. “That is why Belt and Road makes so much sense – not only in terms of supporting the development of a country, but actually in supporting the ambitions of shaping a better world.” Speaking in a video for the Hong Kong Trade Development Council, Michael described the BRI – an ambitious, large-scale programme to connect Asia, Africa and Europe via land and maritime networks – as a very important initiative not just for China, but for the world. He believes that Hong Kong is playing a vital role in helping to shape the Belt and Road Initiative due to its internationalism, openness and pragmatism. Pioneering digital transformation work in Hong Kong, particularly around 3D printing, automation and artificial intelligence,
04 Sep 2019 Arup
Image used under license from shutterstock.com The government of the Philippines has embarked on an ambitious “Build, Build, Build” infrastructure programme to spur economic growth throughout the country. According to the government, a total of PhP8.4 trillion (US$170 billion) will be spent for infrastructure during the six-year term of the Duterte administration. This will increase the infrastructure spending in the GDP from 3.4% in 2016 to 7.4% by 2022.   Challenges facing The Philippines is one of the fastest growing economies in Asia averaging more than 6% growth over the past decade. However, infrastructure spending has lagged behind its neighbours. The crumbling infrastructure has resulted in transport and economic woes and has been identified as one of the most significant constraints sustaining to the country’s economic growth.   Underdeveloped infrastructure is attributed to the following factors: inadequate infrastructure investment
Image used under license from shutterstock.com The government of the Philippines has embarked on an ambitious “Build, Build, Build” infrastructure programme to spur economic growth throughout the country. According to the government, a total of PhP8.4 trillion (US$170 billion) will be spent for infrastructure during the six-year term of the Duterte administration. This will increase the infrastructure spending in the GDP from 3.4% in 2016 to 7.4% by 2022.   Challenges facing The Philippines is one of the fastest growing economies in Asia averaging more than 6% growth over the past decade. However, infrastructure spending has lagged behind its neighbours. The crumbling infrastructure has resulted in transport and economic woes and has been identified as one of the most significant constraints sustaining to the country’s economic growth.   Underdeveloped infrastructure is attributed to the following factors: inadequate infrastructure investment
19 Jan 2018 Arup
Rail networks are an important part of the Belt and Road initiative to improve connectivity along the historical Silk Road trading routes, and stations are powerful catalysts for development and regeneration. How are transport hubs evolving to meet local needs? What can we learn from trends in Europe and North America? Malcolm Smith, Arup’s Global Masterplanning and Urban Design Leader shares his perspective.   Train stations were places of wonder in the 19th century. The buildings, like the trains within, symbolised technological progress and economic power. These ‘palaces’ of the industrial age were awe-inspiring in their sheer size, dramatic in architecture and feats of engineering. St Pancras Station in London was one such example and on its completion in 1868, was the largest enclosed space in the world. This has allowed it to be remodeled into today’s spectacular transport hub. © Hufton+Crow The redevelopment of King’s Cross station represents a co
Rail networks are an important part of the Belt and Road initiative to improve connectivity along the historical Silk Road trading routes, and stations are powerful catalysts for development and regeneration. How are transport hubs evolving to meet local needs? What can we learn from trends in Europe and North America? Malcolm Smith, Arup’s Global Masterplanning and Urban Design Leader shares his perspective.   Train stations were places of wonder in the 19th century. The buildings, like the trains within, symbolised technological progress and economic power. These ‘palaces’ of the industrial age were awe-inspiring in their sheer size, dramatic in architecture and feats of engineering. St Pancras Station in London was one such example and on its completion in 1868, was the largest enclosed space in the world. This has allowed it to be remodeled into today’s spectacular transport hub. © Hufton+Crow The redevelopment of King’s Cross station represents a co
06 Dec 2017 Arup
Preparing for widespread growth Rapid growth in energy demand across Asia is seeing LNG become the fuel of choice. Driven by expanding populations, rising standards of living, and sprawling urbanisation, demand will only keep growing. With LNG production and transportation at an all-time high, Asia is seeing new opportunities for both land-based import terminals as well as floating storage and regasification facilities. This trend is set to keep on going, with energy growth predictions for Asia much higher than the rest of the world. Japan and Korea have long relied on LNG for energy security and power generation, but we’re now seeing a change across Asia. China, India, Indonesia, the Philippines, Thailand, Vietnam and Bangladesh have followed suit with the recent introduction of gas into their import markets and are helping to drive demand across the region. As demand increases, new ways of bringing large-scale power generation online quickly needs to be found to meet thes
Preparing for widespread growth Rapid growth in energy demand across Asia is seeing LNG become the fuel of choice. Driven by expanding populations, rising standards of living, and sprawling urbanisation, demand will only keep growing. With LNG production and transportation at an all-time high, Asia is seeing new opportunities for both land-based import terminals as well as floating storage and regasification facilities. This trend is set to keep on going, with energy growth predictions for Asia much higher than the rest of the world. Japan and Korea have long relied on LNG for energy security and power generation, but we’re now seeing a change across Asia. China, India, Indonesia, the Philippines, Thailand, Vietnam and Bangladesh have followed suit with the recent introduction of gas into their import markets and are helping to drive demand across the region. As demand increases, new ways of bringing large-scale power generation online quickly needs to be found to meet thes
18 Oct 2017 Arup
Sustainable and resilient infrastructure design is vital for the Belt & Road… not just for Asia, but for the world as well Just over four years after President Xi Jinping first launched his vision for the Belt and Road Initiative (BRI), the concept is fast becoming a reality. With a vision of reform, development, trade and innovation at the heart of the concept, BRI is set to reshape and revitalise trade links around the globe. The countries along the various corridors account for some two-thirds of the world’s population, but only one third of the world’s GDP. So there is tremendous potential for growth. And the new infrastructure developed under the BRI banner will be the key to the unlocking this potential. That is not to say that some of this infrastructure would not be built without BRI, of course. In fact, the Asia Development Bank estimated that some US$1.7 trillion per annum would be required for infrastructure investment in Asia between 2016-2030 at current
Sustainable and resilient infrastructure design is vital for the Belt & Road… not just for Asia, but for the world as well Just over four years after President Xi Jinping first launched his vision for the Belt and Road Initiative (BRI), the concept is fast becoming a reality. With a vision of reform, development, trade and innovation at the heart of the concept, BRI is set to reshape and revitalise trade links around the globe. The countries along the various corridors account for some two-thirds of the world’s population, but only one third of the world’s GDP. So there is tremendous potential for growth. And the new infrastructure developed under the BRI banner will be the key to the unlocking this potential. That is not to say that some of this infrastructure would not be built without BRI, of course. In fact, the Asia Development Bank estimated that some US$1.7 trillion per annum would be required for infrastructure investment in Asia between 2016-2030 at current

By Kelvin Lau, Becky Liu, Chidu Narayanan

SUMMARY

Things are looking up for Renminbi internationalisation in 2018. The CNY has been off to a strong start to 2018, and barring a full-fledged trade war, it is expected that the Chinese authorities will allow further CNY appreciation against a weak USD backdrop while keeping the CNY basket value steady. The Dim Sum bond market is expected to have a revival as gross issuance picked up evidently in January.

Please click HERE to read more.

More articles from Standard Chartered Bank

12 Apr 2019 Standard Chartered Bank
By Mohamed Salama, Country Head of Global Banking, UAE, Standard Chartered   SUMMARY The UAE features prominently as a key component of China’s trade strategy in the AME region, as 60% of China-UAE trade is re-exported to Africa or Europe, thus supporting the Belt & Road Initiative’s mandate. Please click HERE to read more.
By Mohamed Salama, Country Head of Global Banking, UAE, Standard Chartered   SUMMARY The UAE features prominently as a key component of China’s trade strategy in the AME region, as 60% of China-UAE trade is re-exported to Africa or Europe, thus supporting the Belt & Road Initiative’s mandate. Please click HERE to read more.
06 Mar 2019 Standard Chartered Bank
SUMMARY There are at least 65 countries involved in the Belt and Road Initiative, but which of them stand to benefit the most, and where has the money gone so far?   Please click HERE to read more.
SUMMARY There are at least 65 countries involved in the Belt and Road Initiative, but which of them stand to benefit the most, and where has the money gone so far?   Please click HERE to read more.
27 Nov 2018 Standard Chartered Bank
By Kelvin Lau, Senior Economist, Greater China, Standard Chartered   SUMMARY Launched just five years ago, the Belt and Road Initiative has come a long way in a short time. While the rising risk of prolonged US-China trade dispute looks set to reshape the global trade and investment landscape, we believe that it could fuel B&R’s growth and make it even more important for the long-term development of China and its partner countries.   Please click HERE to read more.
By Kelvin Lau, Senior Economist, Greater China, Standard Chartered   SUMMARY Launched just five years ago, the Belt and Road Initiative has come a long way in a short time. While the rising risk of prolonged US-China trade dispute looks set to reshape the global trade and investment landscape, we believe that it could fuel B&R’s growth and make it even more important for the long-term development of China and its partner countries.   Please click HERE to read more.
17 Jul 2018 Standard Chartered Bank
By Philip Panaino, Regional Head, Transaction Banking, Africa & Middle East, Standard Chartered SUMMARY With the Belt and Road initiative fostering financial cooperation and trade in Africa, it makes economic sense for countries along the modern “Silk Road” to use the Chinese currency. The deepening trade relationship between China and Africa clearly points to a long-term story in which the RMB will play a more strategic role in facilitating cross-border trade. Please click HERE to read more.
By Philip Panaino, Regional Head, Transaction Banking, Africa & Middle East, Standard Chartered SUMMARY With the Belt and Road initiative fostering financial cooperation and trade in Africa, it makes economic sense for countries along the modern “Silk Road” to use the Chinese currency. The deepening trade relationship between China and Africa clearly points to a long-term story in which the RMB will play a more strategic role in facilitating cross-border trade. Please click HERE to read more.
14 Feb 2018 Standard Chartered Bank
SUMMARY For international investors looking for the next big opportunity, China’s ‘new economy’ companies offer plenty. China’s Belt and Road (B&R) initiative – which involves large-scale infrastructure development along China’s centuries-old trade routes across Asia, Africa, the Middle East and Europe – is part of the solution to ensure Chinese companies continue growing.There is also opportunity for global investors. Please click here to read the full article. By Clive McDonnell
SUMMARY For international investors looking for the next big opportunity, China’s ‘new economy’ companies offer plenty. China’s Belt and Road (B&R) initiative – which involves large-scale infrastructure development along China’s centuries-old trade routes across Asia, Africa, the Middle East and Europe – is part of the solution to ensure Chinese companies continue growing.There is also opportunity for global investors. Please click here to read the full article. By Clive McDonnell
17 Jan 2018 Standard Chartered Bank
SUMMARY At a time when the US and other global economies appear to have turned their back on globalisation, China is pursuing an ambitious global agenda. And one initiative central to China’s plans is Belt and Road. Please click here to read the full article. By Shuang Ding
SUMMARY At a time when the US and other global economies appear to have turned their back on globalisation, China is pursuing an ambitious global agenda. And one initiative central to China’s plans is Belt and Road. Please click here to read the full article. By Shuang Ding

By Derrick Khoo, General Counsel, Marga Group

Like a phoenix rising out of the fire, Myanmar is soaring and embracing its new role as the go-to investment destination in Asia. To spur the country forward, the Myanmar government has wisely emphasised on the introduction of new modern laws and revision of obsolete ones as a key priority for its administration.

Recent encouraging developments in the Myanmar legal landscape are clear signs that the country is headed in the right direction to further cement businesses’ and investors’ confidence. Various progressive laws have been discussed, in consultation with industry stakeholders and the general public, and as advised by leading law firms. Many of these have already or are slated to take effect.

For example, the Condominium Law (2016) and its implementing rules (2017) have allowed foreigners to own units in a qualifying “condominium”. The Myanmar Investment Law (2017) combined the previous two separate regimes of Foreign Investment Law (2012) and the Citizens Investment Law (2013) to provide a level-playing field for foreign and local investors alike. Among many developments introduced by the Myanmar Investment Regulations (2017), one that stands out is the permitting of foreign investors to now enter into long-term leases subject to qualifying conditions, and this has also been affirmed by the relevant authorities.

The most anticipated change in recent times comes in the form of the New Myanmar Companies Law which was passed into law by President U Htin Kyaw on 6 December 2017 and is expected to come into effect in August 2018. This will replace the existing Myanmar Companies Act 1914 and will be largely similar to prevailing company law regimes in Hong Kong, Singapore and other common law jurisdictions. In anticipation of this, the Directorate of Investment and Company Administration (DICA) intends to release a model constitution for private companies limited by shares – this is currently at the public consultation and feedback stage.

The most exciting change that the New Myanmar Companies Law introduces is that foreigners are now permitted to own up to 35% shareholding in a local Myanmar company whilst still retaining the company’s status as a local company and thereby allowing foreigners a minority stake to invest in sectors or economic activities that are reserved for Myanmar companies, such as ownership of land or investment in “locals-only” industries. In addition, this effectively means that foreigners are now not restricted from trading public stocks on the Yangon Stock Exchange, subject to the 35% threshold.

The New Myanmar Companies Law also codifies directors’ duties, minority shareholder protection rights, and shareholder derivative rights, effectively adopting current corporate governance best practices found in other jurisdictions. In terms of structuring, corporate group structures were previously not frequently used in practice due to policy reasons, however the New Myanmar Companies Law now expressly recognises the use of them and includes provisions regarding managing of corporate groups.

Another welcome clarification by the New Myanmar Companies Law will undoubtedly facilitate much-needed loans from foreign banks to Myanmar companies with property interests. Under the existing regime, the mortgage of immovable property to a foreign person is prohibited by the Transfer of Immovable Property (Restrictions) Law 1987. This prevented many foreign banks from making loans to Myanmar companies as the foreign banks were unable to take security over property and property interests. The New Myanmar Companies Law expressly removes this restriction by explicitly stating that granting of security to foreign persons is permitted under the law and the exercise of such security is not in breach of such law.

These crucial developments in the legal landscape are just some of the many that are being planned or have already been passed. Whilst they take root, they will continue to be tested and challenged, and only continued persistence, tenacity and a strong rule of law will allow them to continue to grow and flourish. Myanmar has indeed progressed rapidly on many fronts since opening up its market in 2010, and a more attractive and vibrant investment climate heralds those who are quick to seize the moment.

More articles from Dashun Foundation

SUMMARY

For international investors looking for the next big opportunity, China’s ‘new economy’ companies offer plenty. China’s Belt and Road (B&R) initiative – which involves large-scale infrastructure development along China’s centuries-old trade routes across Asia, Africa, the Middle East and Europe – is part of the solution to ensure Chinese companies continue growing.There is also opportunity for global investors.

Please click here to read the full article.

By Clive McDonnell

More articles from Standard Chartered Bank

12 Apr 2019 Standard Chartered Bank
By Mohamed Salama, Country Head of Global Banking, UAE, Standard Chartered   SUMMARY The UAE features prominently as a key component of China’s trade strategy in the AME region, as 60% of China-UAE trade is re-exported to Africa or Europe, thus supporting the Belt & Road Initiative’s mandate. Please click HERE to read more.
By Mohamed Salama, Country Head of Global Banking, UAE, Standard Chartered   SUMMARY The UAE features prominently as a key component of China’s trade strategy in the AME region, as 60% of China-UAE trade is re-exported to Africa or Europe, thus supporting the Belt & Road Initiative’s mandate. Please click HERE to read more.
06 Mar 2019 Standard Chartered Bank
SUMMARY There are at least 65 countries involved in the Belt and Road Initiative, but which of them stand to benefit the most, and where has the money gone so far?   Please click HERE to read more.
SUMMARY There are at least 65 countries involved in the Belt and Road Initiative, but which of them stand to benefit the most, and where has the money gone so far?   Please click HERE to read more.
27 Nov 2018 Standard Chartered Bank
By Kelvin Lau, Senior Economist, Greater China, Standard Chartered   SUMMARY Launched just five years ago, the Belt and Road Initiative has come a long way in a short time. While the rising risk of prolonged US-China trade dispute looks set to reshape the global trade and investment landscape, we believe that it could fuel B&R’s growth and make it even more important for the long-term development of China and its partner countries.   Please click HERE to read more.
By Kelvin Lau, Senior Economist, Greater China, Standard Chartered   SUMMARY Launched just five years ago, the Belt and Road Initiative has come a long way in a short time. While the rising risk of prolonged US-China trade dispute looks set to reshape the global trade and investment landscape, we believe that it could fuel B&R’s growth and make it even more important for the long-term development of China and its partner countries.   Please click HERE to read more.
17 Jul 2018 Standard Chartered Bank
By Philip Panaino, Regional Head, Transaction Banking, Africa & Middle East, Standard Chartered SUMMARY With the Belt and Road initiative fostering financial cooperation and trade in Africa, it makes economic sense for countries along the modern “Silk Road” to use the Chinese currency. The deepening trade relationship between China and Africa clearly points to a long-term story in which the RMB will play a more strategic role in facilitating cross-border trade. Please click HERE to read more.
By Philip Panaino, Regional Head, Transaction Banking, Africa & Middle East, Standard Chartered SUMMARY With the Belt and Road initiative fostering financial cooperation and trade in Africa, it makes economic sense for countries along the modern “Silk Road” to use the Chinese currency. The deepening trade relationship between China and Africa clearly points to a long-term story in which the RMB will play a more strategic role in facilitating cross-border trade. Please click HERE to read more.
12 Mar 2018 Standard Chartered Bank
By Kelvin Lau, Becky Liu, Chidu Narayanan SUMMARY Things are looking up for Renminbi internationalisation in 2018. The CNY has been off to a strong start to 2018, and barring a full-fledged trade war, it is expected that the Chinese authorities will allow further CNY appreciation against a weak USD backdrop while keeping the CNY basket value steady. The Dim Sum bond market is expected to have a revival as gross issuance picked up evidently in January. Please click HERE to read more.
By Kelvin Lau, Becky Liu, Chidu Narayanan SUMMARY Things are looking up for Renminbi internationalisation in 2018. The CNY has been off to a strong start to 2018, and barring a full-fledged trade war, it is expected that the Chinese authorities will allow further CNY appreciation against a weak USD backdrop while keeping the CNY basket value steady. The Dim Sum bond market is expected to have a revival as gross issuance picked up evidently in January. Please click HERE to read more.
17 Jan 2018 Standard Chartered Bank
SUMMARY At a time when the US and other global economies appear to have turned their back on globalisation, China is pursuing an ambitious global agenda. And one initiative central to China’s plans is Belt and Road. Please click here to read the full article. By Shuang Ding
SUMMARY At a time when the US and other global economies appear to have turned their back on globalisation, China is pursuing an ambitious global agenda. And one initiative central to China’s plans is Belt and Road. Please click here to read the full article. By Shuang Ding

Rail networks are an important part of the Belt and Road initiative to improve connectivity along the historical Silk Road trading routes, and stations are powerful catalysts for development and regeneration. How are transport hubs evolving to meet local needs? What can we learn from trends in Europe and North America? Malcolm Smith, Arup’s Global Masterplanning and Urban Design Leader shares his perspective.

 

Train stations were places of wonder in the 19th century. The buildings, like the trains within, symbolised technological progress and economic power. These ‘palaces’ of the industrial age were awe-inspiring in their sheer size, dramatic in architecture and feats of engineering. St Pancras Station in London was one such example and on its completion in 1868, was the largest enclosed space in the world. This has allowed it to be remodeled into today’s spectacular transport hub.

1.jpg

© Hufton+Crow

The redevelopment of King’s Cross station represents a compelling piece of place-making for London.

 

By the second half of the 20th century, with car travel on the rise, train stations in many parts of the world lost prominence as cities planned for greater road use – undermining the prestige of rail travel. Now, as passenger numbers increase, rail is playing a central role in urban life; the economic and cultural importance of stations is increasing.

 

A need for high-quality, beautiful, yet flexible stations, integrated into their place in the city has emerged. Investment programmes have modernised and expanded many stations across Europe and North America. Arnhem Central Station is one example: dating back to 1845, the station has been completely redeveloped to better meet today’s travel needs. It was opened late 2015. In other regions, the focus is more often on the construction of new public transport systems, like Shenzhen Metro’s new Line 4 - 15 stations built with provision for development above.

 

2.jpg

© Kenny Ip

Shenzhen Line 4 (Longhua Line) was designed with provision for topside development in the densely populated city.

 

“Driving this need for integration is the fundamental question of what a station contributes – economically and socially – to a city.”

  • Malcolm Smith, Global Masterplanning and Urban Design Leader, Arup

 

This renaissance brings new expectations. Some rail and metro stations, such as Cityringen in Copenhagen, are designed to be places of transit, prioritising citizens’ desire for simple journeys without distraction. In other stations, designers are called on to create dynamic, multifunctional spaces where people can do much more than set out or arrive on a journey. They are destinations in their own right, providing space for everything from libraries, medical centres and cinemas, to shopping and eating.

 

3.jpg

©Arup

Design of the new stations on Copenhagen’s Cityringen reflects the Scandinavian minimalism.

 

This requires greater flexibility – as seen in Canary Wharf’s new Crossrail station, where the commercial space can be completely redesigned to meet tenant needs – this in turn needs careful planning and design. What’s known as the ‘red line’ that separates travel spaces from public spaces is more blurred. To get this right, station designers must become more open to involving the community in defining what their station is, what it will contain and how it contributes to the surrounding area.

 

Passenger needs are paramount, and considered at every stage of the planning process. The aim is to create stations that allow people to move through them – and pause within and around them – with ease, rather than simply in the way transport authorities think is best. At London’s King’s Cross Station, we modelled the expected flow of people in and around the station in minute detail, to get the design right. We must ‘design in’ flexibility, so that as people’s needs evolve stations can be adapted easily and quickly.

 

4.jpg

©Hufton+Crow

The freeform concrete interior of the Arnhem Central Station promotes fluid passenger transition.

 

As stations become more flexible, they can also become more fun. Ikea certainly surprised passengers of the Parisian metro system when it placed a selection of its sofas on station platforms for people to test – and buy. Stations will always need to be places of safety and security, but there is no reason why they can’t delight and entertain.

 

Rail and metro stations are powerful catalysts for regeneration. More than ever, stations are symbols of a place, and need to be seamlessly integrated into the personalities of the cities in which they are located.

5.jpg

© James Ewing

Fulton Center in New York is a stunning new hub that allows people to get to their different destinations easily.

 

View the original article at https://www.arup.com/perspectives/themes/transport/cities-and-stations

More articles from Arup

04 Sep 2019 Arup
“People tend to look at output… but actually, we should look at the outcome. What does this piece of infrastructure have to do with the social and economic development of that location?” points out Arup’s East Asia Region Chair, Michael Kwok. “That is why Belt and Road makes so much sense – not only in terms of supporting the development of a country, but actually in supporting the ambitions of shaping a better world.” Speaking in a video for the Hong Kong Trade Development Council, Michael described the BRI – an ambitious, large-scale programme to connect Asia, Africa and Europe via land and maritime networks – as a very important initiative not just for China, but for the world. He believes that Hong Kong is playing a vital role in helping to shape the Belt and Road Initiative due to its internationalism, openness and pragmatism. Pioneering digital transformation work in Hong Kong, particularly around 3D printing, automation and artificial intelligence,
“People tend to look at output… but actually, we should look at the outcome. What does this piece of infrastructure have to do with the social and economic development of that location?” points out Arup’s East Asia Region Chair, Michael Kwok. “That is why Belt and Road makes so much sense – not only in terms of supporting the development of a country, but actually in supporting the ambitions of shaping a better world.” Speaking in a video for the Hong Kong Trade Development Council, Michael described the BRI – an ambitious, large-scale programme to connect Asia, Africa and Europe via land and maritime networks – as a very important initiative not just for China, but for the world. He believes that Hong Kong is playing a vital role in helping to shape the Belt and Road Initiative due to its internationalism, openness and pragmatism. Pioneering digital transformation work in Hong Kong, particularly around 3D printing, automation and artificial intelligence,
04 Sep 2019 Arup
Image used under license from shutterstock.com The government of the Philippines has embarked on an ambitious “Build, Build, Build” infrastructure programme to spur economic growth throughout the country. According to the government, a total of PhP8.4 trillion (US$170 billion) will be spent for infrastructure during the six-year term of the Duterte administration. This will increase the infrastructure spending in the GDP from 3.4% in 2016 to 7.4% by 2022.   Challenges facing The Philippines is one of the fastest growing economies in Asia averaging more than 6% growth over the past decade. However, infrastructure spending has lagged behind its neighbours. The crumbling infrastructure has resulted in transport and economic woes and has been identified as one of the most significant constraints sustaining to the country’s economic growth.   Underdeveloped infrastructure is attributed to the following factors: inadequate infrastructure investment
Image used under license from shutterstock.com The government of the Philippines has embarked on an ambitious “Build, Build, Build” infrastructure programme to spur economic growth throughout the country. According to the government, a total of PhP8.4 trillion (US$170 billion) will be spent for infrastructure during the six-year term of the Duterte administration. This will increase the infrastructure spending in the GDP from 3.4% in 2016 to 7.4% by 2022.   Challenges facing The Philippines is one of the fastest growing economies in Asia averaging more than 6% growth over the past decade. However, infrastructure spending has lagged behind its neighbours. The crumbling infrastructure has resulted in transport and economic woes and has been identified as one of the most significant constraints sustaining to the country’s economic growth.   Underdeveloped infrastructure is attributed to the following factors: inadequate infrastructure investment
27 Jun 2018 Arup
The Belt and Road Initiative (BRI) undoubtedly offers tremendous opportunities for countries along each of the corridors and for the countless organisation who will play a part in its progress. Yet the project also faces a number of issues that will be critical to the eventual success of the initiative, not least the challenge of social acceptance. For design and engineering firms such as Arup, it is easy to look at BRI as a series of large-scale infrastructure projects. In reality though, it is a multi-faceted development whose core principles cover everything from policy coordination and trade freedoms to financial integration and globalization. Ultimately, infrastructure is – always and everywhere – political. There are always strategic interests involved and there can be losers as well as winners. So even when the number of winners far outstrips the losers and there is a compelling case to build, we must always do our best for those who don’t see a critical new rail lin
The Belt and Road Initiative (BRI) undoubtedly offers tremendous opportunities for countries along each of the corridors and for the countless organisation who will play a part in its progress. Yet the project also faces a number of issues that will be critical to the eventual success of the initiative, not least the challenge of social acceptance. For design and engineering firms such as Arup, it is easy to look at BRI as a series of large-scale infrastructure projects. In reality though, it is a multi-faceted development whose core principles cover everything from policy coordination and trade freedoms to financial integration and globalization. Ultimately, infrastructure is – always and everywhere – political. There are always strategic interests involved and there can be losers as well as winners. So even when the number of winners far outstrips the losers and there is a compelling case to build, we must always do our best for those who don’t see a critical new rail lin
06 Dec 2017 Arup
Preparing for widespread growth Rapid growth in energy demand across Asia is seeing LNG become the fuel of choice. Driven by expanding populations, rising standards of living, and sprawling urbanisation, demand will only keep growing. With LNG production and transportation at an all-time high, Asia is seeing new opportunities for both land-based import terminals as well as floating storage and regasification facilities. This trend is set to keep on going, with energy growth predictions for Asia much higher than the rest of the world. Japan and Korea have long relied on LNG for energy security and power generation, but we’re now seeing a change across Asia. China, India, Indonesia, the Philippines, Thailand, Vietnam and Bangladesh have followed suit with the recent introduction of gas into their import markets and are helping to drive demand across the region. As demand increases, new ways of bringing large-scale power generation online quickly needs to be found to meet thes
Preparing for widespread growth Rapid growth in energy demand across Asia is seeing LNG become the fuel of choice. Driven by expanding populations, rising standards of living, and sprawling urbanisation, demand will only keep growing. With LNG production and transportation at an all-time high, Asia is seeing new opportunities for both land-based import terminals as well as floating storage and regasification facilities. This trend is set to keep on going, with energy growth predictions for Asia much higher than the rest of the world. Japan and Korea have long relied on LNG for energy security and power generation, but we’re now seeing a change across Asia. China, India, Indonesia, the Philippines, Thailand, Vietnam and Bangladesh have followed suit with the recent introduction of gas into their import markets and are helping to drive demand across the region. As demand increases, new ways of bringing large-scale power generation online quickly needs to be found to meet thes
18 Oct 2017 Arup
Sustainable and resilient infrastructure design is vital for the Belt & Road… not just for Asia, but for the world as well Just over four years after President Xi Jinping first launched his vision for the Belt and Road Initiative (BRI), the concept is fast becoming a reality. With a vision of reform, development, trade and innovation at the heart of the concept, BRI is set to reshape and revitalise trade links around the globe. The countries along the various corridors account for some two-thirds of the world’s population, but only one third of the world’s GDP. So there is tremendous potential for growth. And the new infrastructure developed under the BRI banner will be the key to the unlocking this potential. That is not to say that some of this infrastructure would not be built without BRI, of course. In fact, the Asia Development Bank estimated that some US$1.7 trillion per annum would be required for infrastructure investment in Asia between 2016-2030 at current
Sustainable and resilient infrastructure design is vital for the Belt & Road… not just for Asia, but for the world as well Just over four years after President Xi Jinping first launched his vision for the Belt and Road Initiative (BRI), the concept is fast becoming a reality. With a vision of reform, development, trade and innovation at the heart of the concept, BRI is set to reshape and revitalise trade links around the globe. The countries along the various corridors account for some two-thirds of the world’s population, but only one third of the world’s GDP. So there is tremendous potential for growth. And the new infrastructure developed under the BRI banner will be the key to the unlocking this potential. That is not to say that some of this infrastructure would not be built without BRI, of course. In fact, the Asia Development Bank estimated that some US$1.7 trillion per annum would be required for infrastructure investment in Asia between 2016-2030 at current

SUMMARY

At a time when the US and other global economies appear to have turned their back on globalisation, China is pursuing an ambitious global agenda. And one initiative central to China’s plans is Belt and Road.

Please click here to read the full article.

By Shuang Ding

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By Mohamed Salama, Country Head of Global Banking, UAE, Standard Chartered   SUMMARY The UAE features prominently as a key component of China’s trade strategy in the AME region, as 60% of China-UAE trade is re-exported to Africa or Europe, thus supporting the Belt & Road Initiative’s mandate. Please click HERE to read more.
By Mohamed Salama, Country Head of Global Banking, UAE, Standard Chartered   SUMMARY The UAE features prominently as a key component of China’s trade strategy in the AME region, as 60% of China-UAE trade is re-exported to Africa or Europe, thus supporting the Belt & Road Initiative’s mandate. Please click HERE to read more.
06 Mar 2019 Standard Chartered Bank
SUMMARY There are at least 65 countries involved in the Belt and Road Initiative, but which of them stand to benefit the most, and where has the money gone so far?   Please click HERE to read more.
SUMMARY There are at least 65 countries involved in the Belt and Road Initiative, but which of them stand to benefit the most, and where has the money gone so far?   Please click HERE to read more.
27 Nov 2018 Standard Chartered Bank
By Kelvin Lau, Senior Economist, Greater China, Standard Chartered   SUMMARY Launched just five years ago, the Belt and Road Initiative has come a long way in a short time. While the rising risk of prolonged US-China trade dispute looks set to reshape the global trade and investment landscape, we believe that it could fuel B&R’s growth and make it even more important for the long-term development of China and its partner countries.   Please click HERE to read more.
By Kelvin Lau, Senior Economist, Greater China, Standard Chartered   SUMMARY Launched just five years ago, the Belt and Road Initiative has come a long way in a short time. While the rising risk of prolonged US-China trade dispute looks set to reshape the global trade and investment landscape, we believe that it could fuel B&R’s growth and make it even more important for the long-term development of China and its partner countries.   Please click HERE to read more.
17 Jul 2018 Standard Chartered Bank
By Philip Panaino, Regional Head, Transaction Banking, Africa & Middle East, Standard Chartered SUMMARY With the Belt and Road initiative fostering financial cooperation and trade in Africa, it makes economic sense for countries along the modern “Silk Road” to use the Chinese currency. The deepening trade relationship between China and Africa clearly points to a long-term story in which the RMB will play a more strategic role in facilitating cross-border trade. Please click HERE to read more.
By Philip Panaino, Regional Head, Transaction Banking, Africa & Middle East, Standard Chartered SUMMARY With the Belt and Road initiative fostering financial cooperation and trade in Africa, it makes economic sense for countries along the modern “Silk Road” to use the Chinese currency. The deepening trade relationship between China and Africa clearly points to a long-term story in which the RMB will play a more strategic role in facilitating cross-border trade. Please click HERE to read more.
12 Mar 2018 Standard Chartered Bank
By Kelvin Lau, Becky Liu, Chidu Narayanan SUMMARY Things are looking up for Renminbi internationalisation in 2018. The CNY has been off to a strong start to 2018, and barring a full-fledged trade war, it is expected that the Chinese authorities will allow further CNY appreciation against a weak USD backdrop while keeping the CNY basket value steady. The Dim Sum bond market is expected to have a revival as gross issuance picked up evidently in January. Please click HERE to read more.
By Kelvin Lau, Becky Liu, Chidu Narayanan SUMMARY Things are looking up for Renminbi internationalisation in 2018. The CNY has been off to a strong start to 2018, and barring a full-fledged trade war, it is expected that the Chinese authorities will allow further CNY appreciation against a weak USD backdrop while keeping the CNY basket value steady. The Dim Sum bond market is expected to have a revival as gross issuance picked up evidently in January. Please click HERE to read more.
14 Feb 2018 Standard Chartered Bank
SUMMARY For international investors looking for the next big opportunity, China’s ‘new economy’ companies offer plenty. China’s Belt and Road (B&R) initiative – which involves large-scale infrastructure development along China’s centuries-old trade routes across Asia, Africa, the Middle East and Europe – is part of the solution to ensure Chinese companies continue growing.There is also opportunity for global investors. Please click here to read the full article. By Clive McDonnell
SUMMARY For international investors looking for the next big opportunity, China’s ‘new economy’ companies offer plenty. China’s Belt and Road (B&R) initiative – which involves large-scale infrastructure development along China’s centuries-old trade routes across Asia, Africa, the Middle East and Europe – is part of the solution to ensure Chinese companies continue growing.There is also opportunity for global investors. Please click here to read the full article. By Clive McDonnell

本文以商務部對外勞務合作業務統計數據為依據,從國家(地區)、行業、企業三個維度對2017年1-11月中國勞務合作業務情況進行分析,供會員企業了解行業情況,未經授權不得轉載或鏡像。

請按此閱覽原文

More articles from China International Contractors Association

17 Jul 2018 China International Contractors Association
2017年,在國際工程市場需求總體萎縮、國際貿易主義抬頭的嚴峻形勢下,對外承包工程企業圍繞「一帶一路」倡議加大市場投入,增強開拓力度,整體業務規模穩步攀升,實現完成營業額1686億美元,同比增長5.8%,新簽合同額2653億美元,同比增長8.7%。行業企業「走出去」積極性不斷提升,隊伍逐步擴大,不少企業將促進海外業務發展上升到公司戰略層面,積極進行業務轉型升級,有效實現了業務發展,國際影響力得到了不斷提升。   2017年行業發展特點 一、從市場分佈來看,業務加速向「一帶一路」沿線國家集中 2017年,行業企業在「一帶一路」沿線國家市場新簽合同額1443億美元,占同期新簽合同額的54.4%,完成營業額855億美元,占同期總額的50.7%,主要合作領域涉及互聯互通和基礎設施建設、產能合作、能源、產業園區等。 亞�
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24 May 2019 China International Contractors Association
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CPEC and its impact on the people of Pakistan

The China Pakistan Economic Corridor (CPEC) is an unprecedented undertaking for Pakistan. The Chinese Ambassador to Pakistan, His Excellency Mr Sun Weidong, has summarised CPEC and its benefit in the following manner.

‘[The] China-Pakistan Economic Corridor is a major and pilot project of the Belt and Road Initiative, to which the leaders of our two countries have attached great importance and rendered active promotion. It has also won the across-board support from our two peoples as it aims to provide new opportunities to the citizens as well as bring new impetus and vision to China–Pakistan friendship.

‘CPEC is a long-term and systematic project to promote economic cooperation through collaboration on Gwadar port, energy, transportation infrastructure and industrial cooperation.

‘CPEC will bring solid benefits to our two peoples. With the completion of energy and infrastructure projects, conditions in Pakistan will improve

There will be more electricity integrated into [the] national grid and the electricity supply will be more stable. People will enjoy more convenient transportation and a better livelihood. Alongside the major projects, we are setting up social welfare institutions, especially in Gwadar, in the form of [a] primary school, vocational training centre, and [a] hospital with [the] Chinese government’s grant. We will also provide KPK province with medical, educational and training projects in line with the need of local people, to translate the benefits of CPEC immediately among them. For average persons, the outcomes of the CPEC are tangible, accessible and enjoyable to hundreds of thousands [of] families across the country’ (CPEC 2017a).

Change is imminent

In an online survey of around 500 finance and business professionals, conducted for this report, 79% of them expressed the view that businesses will adapt to the changes engendered by CPEC and such adaptations will be made in the business plans of organisations in Pakistan within one to five years.

The skills needed for finance professionals to deal with change

In order to deal with the imminent changes, finance professionals need to equip themselves with the key skills of effective communication, better use of business analytics, knowledge of the relevant taxation structure and strong leadership.

Around 86% of survey respondents agreed that they should attend short courses on business, Chinese language and culture.

Following the increase in Chinese investments in Pakistan, professionals in accountancy can explore providing a one-stop-shop solution to investors, from registration of a company to accountancy and tax advisory services.

Governance structures

Over 54% of respondents agreed that the board of directors will be the appropriate forum for discussing and deciding upon the opportunities that CPEC will bring, while 32% agreed that organisations’ risk management committees should be engaged in evaluating such opportunities.

Risk management

Around 54% of respondents either agreed or strongly agreed that there is a need for risk-management mechanisms in organisations for reviewing and assessing the challenges and risks that will arise from CPEC-related business changes. Not everyone had firm opinions on this, with 34.2% remaining neutral.

Environmental impact

Only 26% of respondents agreed that their organisations are taking steps to address the environmental issues that will arise from the impact of business growth due to CPEC, while around 50% remained neutral on the key question about the steps that their entities will initiate to protect the environment from these changes.

SWOT analysis

The key strengths cited by the business and finance professionals include availability of human resource in the country, the potential for tourism, the quality of infrastructure in the form of roads, etc. Despite the availability of human resource, however, one common weakness cited was a lack of skills, so there is a need for adequate capacity building and increasing the literacy rate, enabling Pakistan’s people to benefit from the CPEC developments. Lack of awareness about CPEC was also cited as one of the country’s key weaknesses: more workshops, seminars and publications are required to educate people to equip themselves for the future changes. Possible failure to maintain law and order is one of the key threats cited, along with the mismanagement of resources and governance-related issues, while the opportunities commonly cited include the generation of employment opportunities, increased trade and improvements in infrastructure.

Please click to read the full report.

Editor's picks

Working groups to strengthen engagement with international, Chinese mainland, ASEAN markets and various sectors

The Hong Kong Trade Development Council (HKTDC) announced the formation of the HKTDC Belt and Road Committee today. The Committee, comprising leading figures from various sectors, aims to establish Hong Kong’s position as a commercial and information hub for the Belt and Road by promoting and facilitating investment and business opportunities. Through its five working groups targeting different markets and business sectors, the Committee will implement a comprehensive and targeted programme to engage various sectors to participate in Belt and Road development and share in the potential benefits presented by the Initiative.

Vincent HS Lo, Chairman of the HKTDC and the HKTDC Belt and Road Committee, said: “I am pleased that the HKTDC continues to make progress with our work to promote Hong Kong’s role as the commercial hub of the Belt and Road Initiative. I particularly treasure this opportunity to work with such heavyweight community leaders in the Committee. Through this Committee and the working groups, I look forward to achieving tangible results in helping Hong Kong play a significant role in the Belt and Road.”

Five working groups will be set up under the HKTDC Belt and Road Committee with business and professional leaders from relevant sectors acting as convenors. The working groups will enhance the promotion of Hong Kong’s advantages as a commercial and services hub for the Belt and Road to international, Chinese mainland and ASEAN markets, and raise awareness and increase participation of different sectors, including professional services, SMEs, the younger generation, as well as the local and international community at large in the Belt and Road Initiative.

 

workgroup_en.png

Andrew Weir, Convenor of the International Market Working Group and Regional Senior Partner and Global Chairman of Real Estate and Construction, KPMG, said: “The HKTDC has been promoting the Belt and Road Initiative and Hong Kong’s advantages through its overseas trade and investment missions and international conferences such as the Belt and Road Summit. With the establishment of the Committee and working groups, we will enhance the promotion of Belt and Road opportunities to international investors, project owners and business communities. We will also foster international cooperation and help Hong Kong companies capitalise on the business opportunities along the Belt and Road.”

Dr Jonathan KS Choi, Deputy Chairman of the HKTDC Belt and Road Committee, Convenor of the Chinese Mainland & ASEAN Working Group and Chairman of the Sunwah Group, said: “The ASEAN region has always been an important trading and investment partner of Hong Kong, and collaboration with mainland enterprises is key to Hong Kong companies’ participation in Belt and Road development. The working group will strengthen the connection between Hong Kong businesses and their ASEAN counterparts, and promote exchange and cooperation between Hong Kong companies and mainland investors.”

Nicholas Ho, Convenor of the Professional Services Working Group and Deputy Managing Director of hpa, said: “We will facilitate the participation of Hong Kong professional services providers in Belt and Road projects through the HKTDC’s international conferences, investment missions, Belt and Road Portal and business-matching platforms. We will also showcase Hong Kong’s advantages as a professional services hub for the Belt and Road.”

Jason Chiu, Convenor of the SME & Younger Generation Working Group and CEO of cherrypicks Ltd, said: “The working group will explore how to engage young professionals to take part in the Initiative, and support start-ups and SMEs to leverage Belt and Road business opportunities through e-commerce and promotion platforms.”

Prof Frederick Ma , Deputy Chairman of the HKTDC Belt and Road Committee, Convenor of the PR & Communications Working Group and Chairman of the MTR Corporation Ltd, said: “As the Belt and Road vision is gradually turned into action around the world, the Committee will raise the awareness and understanding of local businesses and the public towards the Belt and Road through communications and public relations work, while also communicating the opportunities presented by the Initiative and Hong Kong’s advantages to international audiences.”   

 

Editor's picks

By Lan Shen

SUMMARY

China’s Belt and Road (B&R) initiative – the ambitious project to build infrastructure and expand trading relationships along a new Silk road – has made significant headway in the past four years, and is now well into the implementation stage. So far, 20 per cent of investment in B&R has been in power and 19 per cent in railways, followed by roads, pipelines and other transport. With China’s government prioritising B&R as a key initiative to help open up its economy, there are five trends that show B&R is taking off in a big way.

Please click here to read the full article.

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By Mohamed Salama, Country Head of Global Banking, UAE, Standard Chartered   SUMMARY The UAE features prominently as a key component of China’s trade strategy in the AME region, as 60% of China-UAE trade is re-exported to Africa or Europe, thus supporting the Belt & Road Initiative’s mandate. Please click HERE to read more.
By Mohamed Salama, Country Head of Global Banking, UAE, Standard Chartered   SUMMARY The UAE features prominently as a key component of China’s trade strategy in the AME region, as 60% of China-UAE trade is re-exported to Africa or Europe, thus supporting the Belt & Road Initiative’s mandate. Please click HERE to read more.
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SUMMARY There are at least 65 countries involved in the Belt and Road Initiative, but which of them stand to benefit the most, and where has the money gone so far?   Please click HERE to read more.
SUMMARY There are at least 65 countries involved in the Belt and Road Initiative, but which of them stand to benefit the most, and where has the money gone so far?   Please click HERE to read more.
27 Nov 2018 Standard Chartered Bank
By Kelvin Lau, Senior Economist, Greater China, Standard Chartered   SUMMARY Launched just five years ago, the Belt and Road Initiative has come a long way in a short time. While the rising risk of prolonged US-China trade dispute looks set to reshape the global trade and investment landscape, we believe that it could fuel B&R’s growth and make it even more important for the long-term development of China and its partner countries.   Please click HERE to read more.
By Kelvin Lau, Senior Economist, Greater China, Standard Chartered   SUMMARY Launched just five years ago, the Belt and Road Initiative has come a long way in a short time. While the rising risk of prolonged US-China trade dispute looks set to reshape the global trade and investment landscape, we believe that it could fuel B&R’s growth and make it even more important for the long-term development of China and its partner countries.   Please click HERE to read more.
17 Jul 2018 Standard Chartered Bank
By Philip Panaino, Regional Head, Transaction Banking, Africa & Middle East, Standard Chartered SUMMARY With the Belt and Road initiative fostering financial cooperation and trade in Africa, it makes economic sense for countries along the modern “Silk Road” to use the Chinese currency. The deepening trade relationship between China and Africa clearly points to a long-term story in which the RMB will play a more strategic role in facilitating cross-border trade. Please click HERE to read more.
By Philip Panaino, Regional Head, Transaction Banking, Africa & Middle East, Standard Chartered SUMMARY With the Belt and Road initiative fostering financial cooperation and trade in Africa, it makes economic sense for countries along the modern “Silk Road” to use the Chinese currency. The deepening trade relationship between China and Africa clearly points to a long-term story in which the RMB will play a more strategic role in facilitating cross-border trade. Please click HERE to read more.
12 Mar 2018 Standard Chartered Bank
By Kelvin Lau, Becky Liu, Chidu Narayanan SUMMARY Things are looking up for Renminbi internationalisation in 2018. The CNY has been off to a strong start to 2018, and barring a full-fledged trade war, it is expected that the Chinese authorities will allow further CNY appreciation against a weak USD backdrop while keeping the CNY basket value steady. The Dim Sum bond market is expected to have a revival as gross issuance picked up evidently in January. Please click HERE to read more.
By Kelvin Lau, Becky Liu, Chidu Narayanan SUMMARY Things are looking up for Renminbi internationalisation in 2018. The CNY has been off to a strong start to 2018, and barring a full-fledged trade war, it is expected that the Chinese authorities will allow further CNY appreciation against a weak USD backdrop while keeping the CNY basket value steady. The Dim Sum bond market is expected to have a revival as gross issuance picked up evidently in January. Please click HERE to read more.
14 Feb 2018 Standard Chartered Bank
SUMMARY For international investors looking for the next big opportunity, China’s ‘new economy’ companies offer plenty. China’s Belt and Road (B&R) initiative – which involves large-scale infrastructure development along China’s centuries-old trade routes across Asia, Africa, the Middle East and Europe – is part of the solution to ensure Chinese companies continue growing.There is also opportunity for global investors. Please click here to read the full article. By Clive McDonnell
SUMMARY For international investors looking for the next big opportunity, China’s ‘new economy’ companies offer plenty. China’s Belt and Road (B&R) initiative – which involves large-scale infrastructure development along China’s centuries-old trade routes across Asia, Africa, the Middle East and Europe – is part of the solution to ensure Chinese companies continue growing.There is also opportunity for global investors. Please click here to read the full article. By Clive McDonnell