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 failed to gain Indias backing on Silk Road projects
The Dollar Business Bureau Various Memorandum of Understandings and agreements signed between India and China during the Prime Minister of India’s recent visit to China have drawn global attention. However, a state-run Chinese think-tank said, "China has missed securing India's backing for the Silk Road Economic Belt project and 21st Century Maritime Silk Road (MSR)," while mentioning that Prime Minister Narendra Modi’s visit to China as a significant step towards building mutual trust and further strengthen bilateral co-operation between India and China. The projects that are termed under the name Silk Road projects include project enabling road connectivity between China and Europe through Central Asia, the Bangladesh, China, India, Myanmar (BCIM) Corridor project, USD $ 46 billion- worth China-Pakistan Economic Corridor (CPEC) ...
