Category Archives: China

Co-operation to promote Eurasian rail freight

The International Union of Railways and freight association FERRMED signed a memorandum of understanding aimed at promoting a more efficient and sustainable Eurasian logistics chain during the 23rd UIC general assembly which was held in Paris last month.

The two organisations aim to exchange knowledge and best practice to support logistics projects including congestion relief and infrastructure enhancement; the use of intelligent environmental, energy and time saving technologies; integrated management and monitoring of freight trains; longer freight trains; loading gauge enhancement including for piggy-back operation; and encouraging the development of a network of accessible intermodal terminals for freight services between China and Europe.

China | The Domestic Consequences of China’s ‘One Belt One Road Initiative’

by Qian Benli

Currently, the prospects of China’s ‘One Belt One Road Initiative’ (hereinafter referred to as OBOR) are dim. An article published in the Financial Times in July this year pointed out that 234 out of 1,674 Chinese-invested infrastructure projects announced in 66 Belt and Road countries since 2013 have encountered difficulties. The most recent and striking problem occurred in Malaysia——newly elected prime minister Mahathir Mohamad canceled the US$20 billion East Coast Rail Link projectright after his official visit to Beijing.

China | China, U.S. Officials Meeting to Discuss Ending Trade War

With the 90-day countdown clock on the U.S.-China trade war “truce” winding down, negotiators for both countries sat down today for renewed talks aimed at ending the dispute between Washington and Beijing.

Although the talks so far have involved mid-level government officials from both sides, China sent Vice Premier Liu He, President Xi Jinping’s top economic adviser, to attend the first day’s meeting. This development strongly suggests Beijing is putting a high degree of importance on the talks.

China | Short Term Thinking Dooms U.S. Anti-China Strategy

The United States issued an arrest warrant against the chief financial officer and heir apparent of Huawei, Meng Wanzhou. At issue is a six years old alleged violation of sanctions against Iran. Mrs. Meng was arrested in Canada. She has been set free under a stringent $10 million bail agreement. An extradition trial will follow in February or March.

China | Xi, Trump agree to ease trade tensions

President Xi Jinping and his United States counterpart, Donald Trump, agreed on Saturday to continue bilateral trade negotiations, stop the imposition of new tariffs and exchange visits at an appropriate time.

They also agreed to expand cooperation and manage differences on the basis of mutual benefit and respect, as well as to jointly push forward a coordinated, cooperative and stable China-US relationship.