Courtesy of The Financial Times (subscription required), a report on Pakistan’s efforts to renegotiate repayment after claiming costs of power plants were inflated Pakistan is trying to renegotiate Belt and Road repayments after it alleged that Chinese companies had inflated power project costs by billions of dollars. The renegotiation talks began after Islamabad released a […]
Read more »Via North Korean Economy Watch, commentary on the current state of North Korea’s economy: Sanctions and Covid-19 have fused together to put the North Korean economy in what can only reasonably be described as an awful situation. Trade first plummeted through sanctions, and then even further because of North Korea’s and China’s anti-Covid19 measures. And […]
Read more »Via The Diplomat, an article on the China-Kyrgyzstan-Uzbekistan Transport Corridor which is in use and has great potential, but the middle section through Kyrgyzstan still transports cargo via trucks and not railcars: China continues to diversify its land transportation options, and the Central Asian states are proactive players willing to tap into the opportunity to become […]
Read more »Via the Lowy Institute, an article on how Central Asia’s economic fortunes are increasingly bound to Beijing: For China, the Covid-19 question is answered by more Belt and Road. As Foreign Minister Wang Yi put it at a press conference during the 13th National People’s Congress in Beijing last weekend: The impact of Covid-19 on the Belt and […]
Read more »Courtesy of The Jamestown Foundation, a look at Russia’s efforts to gain access to new oil fields in Uzbekistan: Borders remain in dispute throughout Central Asia, with Moscow paying such close attention that governments in the region now feel the need to warn the Russian authorities not to become involved (Ritmeurasia.org, June 5). Often Moscow […]
Read more »Via The Jamestown Foundation, an interesting commentary on whether China can play a bigger role in the Caspian’s petroleum future: Twenty-six years ago, on September 20, 1994, Azerbaijan signed an accord with a consortium of ten international oil companies to develop its fields on the Caspian Shelf, an event that both Baku and the West […]
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