Silk Road is redefining goods transport between Asia and Europe.
Record Rail Freight Traffic from Duisburg, April 2020.
Sanctioned Fresh Produce transport by Rail through Russia.
Rapeseed from Siberia
WOW. Infant formula from Russia to Hanoi.
China suspends debt repayment for 77 developing nations, regions
Source:Global Times Published: 2020/6/7 15:13:40
China has announced the suspension of debt repayment for 77 developing countries and regions as the nation is working with other
China announced in May that it would provide $2 billion over two years to help other countries respond to the impact of the coronavirus pandemic.
Ma Zhaoxu, Vice Minister of Foreign Affairs, said that the fund will be not only include medical supplies, but also support other countries restart their economies and development. Ma made the comment at the press briefing to release the white paper titled "Fighting COVID-19 China in Action."
The fund includes both bilateral aid and multilateral donations, according to Ma.
China is negotiating bilateral aid with recipient countries in need in an equal manner to identify assisting projects to help developing nations improve public health standards, improve their livelihoods and resume their economies, Ma said.
China has made multilateral donations to the World Health Organization (WHO) of $50 million, and has provided assistance to global organizations including the Global Alliance for Vaccines and Immunization. China also actively assisted in the fundraising event organized by the Solidarity Response Fund of the WHO in China.
Ma also revealed at the press briefing that China's cooperation mechanism with 30 African hospitals is currently in the process of being set up.
The white paper released on Sunday shows a record of China's efforts in its own fight against the virus, explains its experience with the rest of the world, and clarifies its ideas on how to combat the virus globally.
Exclusive: Venezuela wins grace period on China oil-for-loan deals, sources say
CARACAS (Reuters) - Venezuela’s government has negotiated an agreement with Chinese banks for a grace period until the end of the year on some $19 billion in loans that are paid off with oil shipments, according to three sources in Caracas with knowledge of the situation.
The government of late socialist leader Hugo Chavez borrowed more than $50 billion from China through the oil-for-loan arrangements, which were mainly underwritten by the state-owned China Development Bank. Chavez’s successor, President Nicolas Maduro, stopped making the associated payments as the South American OPEC nation’s economy unraveled.
“This (arrangement) will be in place until at least December, and then they will re-evaluate it,” said one of the sources.
I supposed if Europe does decide to cooperate fully with China economically through the BRI, and since both Europe and China use the same railway gauge, the countries in between them will have to adjust accordingly to catch the windfall.I'm waiting for the moment when a uniform gauge will become established for the container trains. The gauge is still 1435 mm in Europe, Iran, Turkey and China, 1676 mm in large parts of India and Pakistan, but 1524 mm in Russia and most of the neighboring countries.