M&As by China in countries part of BRI soar, despite capital crack down
The Dollar Business Bureau Mergers and acquisitions (M&As) by Chinese firms in nations which are part of the Belt and Road Initiative (BRI) are rising, even as the Government cracks down on acquisitive conglomerates of China to limit capital outflows. The acquisitions by Chinese firms in 68 countries that are officially linked to the foreign policy of President Xi Jinping totaled around $33 billion till August 14, exceeding the $31 billion total count for the entire 2016, as per the data by Reuters. The BRI project, unveiled in 2013, is aimed at creating a modern-day ‘Silk Road’, which connect China by sea and land to Pakistan, Southeast Asia and Central Asia, and further to the Europe, Africa and Middle East. President Xi has ...
China to boost PPP model in Silk Road initiative countries
The Dollar Business Bureau China will encourage public-private partnerships (PPP) in the nations participating in the Belt and Road Initiative or One Belt One Road (OBOR) initiative, a trade and infrastructure network connecting Asia with the Europe and Africa with the ancient trade route, said an official on Sunday. He Lifeng, Deputy Head, National Development and Reform Commission (NDRC), said NDRC and other departments, in order to encourage the PPP model in nations along the routes, have come up with the mechanism. However, he did not divulge more details. The PPP model would help in facilitating the growth of the projects as it widens the financing channels for the forms, he said. Innovative financing mechanisms were essential as some projects under Belt and Road Initiative need huge investments ...
China plans to invest $438 bn in railway construction in 5 years
Source: PTI China has been announcing huge projects to keep up the investment driven growth China plans to invest a total of at least 2.8 trillion yuan ($438 billion) in railway construction during the 13th Five-Year Plan period (2016-2020) making it a stimulus to halt the slowdown of the economy. National railway network will grow by more than 23,000 kms over the next five years, with intercity projects and ones in Midwest regions being priority, China s Economic Information Daily reported. China's railway construction has been on a fast track as annual investment surged by 11.3% from 580 billion yuan in 2011 to 800 billion yuan in 2014. During the 12th Five-Year Plan period, China spent a combined 3.47 trillion ...
