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How Trump’s trade war gets Xi’s Belt and Road project back on track

The first half of this year, Commerce Ministry data show, Beijing signed about $64 billion in new, mostly construction contracts, a jump of 33% from 2018


International News: China’s Belt and Road Initiative is seeing a revival lately, after a year of rumblings from developing nations that President Xi Jinping had set them a debt trap in the guise of funding massive infrastructure projects. In the first half of this year, Commerce Ministry data show, Beijing signed about $64 billion in new, mostly construction contracts, a jump of 33% from 2018. Back then, Malaysia was complaining of deals reached under a scandal-stricken ousted leader and Indonesia was gearing up for elections in which both sides played up nationalist credentials…. What caused this change of heart? For a start, financial conditions in emerging Asia, which still follows the Federal Reserve’s easing cycle, have improved to a one-year high. With the Fed cutting interest rates again, emerging markets can feel a bit more relaxed about taking on more debt. More importantly, as world trade growth plunges to a decade low, infrastructure spending is the only way left to lift emerging economies. Where will the money come from? China is offering…

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How Trump’s Trade War Gets Xi’s Belt and Road Project Back on Track  

How Trump's trade war gets Xi's Belt and Road project back on track on Business Standard. n the first half of this year, Commerce Ministry d...

How Trump’s Trade War Gets Xi’s Belt and Road Project Back on Track  

How Trump's trade war gets Xi's Belt and Road project back on track on Business Standard. n the first half of this year, Commerce Ministry d...

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