Via Eurasianet.com, a look at how Beijing has adopted a new economic model for Central Asia, investing less in major infrastructure and spreading its risk: Roads, pipelines, coal-fired power plants: not so much anymore. Beijing has changed course. It now rarely funds major infrastructure projects in Central Asia. Instead the People’s Republic has shifted to manufacturing: […]
Read more »Via OilPrice.com, a report on Angola’s Sonangol: OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened the country’s finances. Angola is considering selling part of Sonangol, as well as a stake in the national […]
Read more »Via Window on Eurasia, a look at Turkey plans to become ‘a Logistical Superpower’: Adil Karaismailoglu, Turkey’s minister for transportation and infrastructure, says that Ankara “plans to extend a railroad toward Nakhchivan” something that will require major infrastructure investment within Turkey but could ultimately connect that country to Azerbaijan if railways are repaired and built in […]
Read more »Via The Diplomat, an article on disappointing rail freight use on China’s Iron Silk Road: Containerized rail freight transport under China Rail Express (CR Express) between Europe and China is one of the flagship projects of the Belt and Road Initiative (BRI). However these rail links have been in development since 2011, predating the BRI. […]
Read more »Via Arab News, commentary on Afghanistan’s economic future via linkages to the north: When the international community talks about a “regional solution” for Afghanistan, mostly it is referring to the situation in Pakistan. Sometimes the regional solution is expanded to include India and China. Until recently, it was rare for the Central Asian republics to […]
Read more »Via East Asia Forum, commentary on Laos’ debt trap: On 23 September the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May. Much of the blame lies with COVID-19, which has seen Laos’ economic growth drop from 5.5 per cent in 2019 to a projected 0.5 per cent […]
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