“EU unity, proactiveness and strong relations with other countries is extremely important for global development. We want the EU to become stronger and India will play a positive role towards that through the medium of Germany,” India’s Prime Minister Narendra Modi said during his visit to Germany, reports the Hindustan Times. German Chancellor Angela Merkel... View Article

Vietnamese Prime Minister Nguyen Xuan Phuc will meet US President Donald Trump next week in Washington. “President Trump looks forward to discussing ways to strengthen our bilateral relationship and deepen regional cooperation with one of America’s important partners in Southeast Asia,” the White House said in a statement. The meeting will come several months after... View Article

Moody’s Investor Service, the international credit rating agency, has downgraded China’s credit rating to A1 from Aa3, the first downgrade since 1989, reports Reuters. The credit downgrade comes amid fears of mounting debts, where China has 277 per cent total debt to GDP ratio as well as slowing growth, currently running at 6.6 per cent... View Article

Dr. Joachim von Amsberg, Vice President of the Asian Infrastructure Investment Bank (AIIB), emphasised that the AIIB has been open to all countries, and, in particular, to all member countries of the World Bank or the Asian Development Bank. In an interview with The Voice of America, von Amsberg said that this open invitation will... View Article

In an interview with Nikkei Asian Review, Roberto Azevêdo, Director-General of the World Trade Organization (WTO), said that the majority of jobs lost are a result of new technologies, higher productivity and innovation, in contrast to the perception that trade leads to unemployment. “Without free trade, you’ll have a much more difficult time in getting out... View Article

Cecilia Malmström, the EU Commissioner for Trade, has welcomed China’s commitment to free trade but has said that further actions are needed. Speaking at the European Business Summit in Brussels yesterday, Commissioner Malmström said barriers still exist for European businesses entering the Chinese market, and that China is still far away from a market economy.... View Article

Trade Ministers from the 11 countries still involved in the Trans-Pacific Partnership (TPP) met in Hanoi over the last few days in a bid to save the trade deal after the US confirmed that it will not reverse its decision to withdraw. Those countries still involved are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,... View Article

China has today approved ‘Bond Connect’, a trading platform through which international investors can access the $US9 trillion Chinese bond market. While international companies can issue Renminbi (RMB) bonds into the Chinese market (known as Panda bonds), or buy Chinese bonds in offshore markets (Dim Sum bonds), foreign investors are now able for the first time... View Article

The Beijing Belt and Road Summit closed on Monday evening to great fanfare, so what was achieved? Here is the Belt and Road Initiative (BRI) in numbers – the summit was attended by 30 world leaders, with representatives from 57 countries (full list published in the Diplomat), plus international organisations, including the World Bank and... View Article

Malaysia has signed a series of deals with China valued at $US7.22 billion while in Beijing for the Silk Road Summit. Malaysia’s Prime Minister, Najib Razak, was among 29 heads of state and government who attended the summit, which saw a slew of new deals signed for the Belt and Road project. The deals between Malaysia... View Article