Business and Money Tips

On 14th May 2017, China ’s President Xi Jinping sought to attract countries to join his ambitious “Belt and Road Initiative” at an international forum on Sunday. Xi’s massive trade and investment grand plan seeks to connect nations along the new Silk Road routes through economic cooperation and infrastructure development. We sum up Xi’s key offerings as covered in his keynote speech at the Belt and Road summit on Sunday morning. Boosting funds China ’s Silk Road Fund will increase funding by 100 billion yuan, Chinese banks will extend 300 billion yuan in overseas capital, the China Development Bank will splash out 250 billion yuan, and the Export and Import Bank of China will add 130 billion yuan in special loans to Belt and Road projects. In all,  China pledged at least 780  bllion yuan for this grand belt and road initiative plan . Countering protectionism “ China ’s Belt and Road Initiative is based on the historic roots of the Silk Road, it focuses on Asia, Europe

Written by David McDonald, Quora To make sense of China’s next decade, it is critical to grasp that there is no single driver of the nation’s future. Instead, four very different drivers are pushing the country forward at once, all powerful, and all interacting with each other in unanticipated ways. The first driver is an aspect of the country’s economy and culture that I call “ Open China. ” The emerging potential of China’s consumer markets is well known to outside producers, many of which, like General Motors, have already come to depend on these markets for their profitability. Unlike other leading economies in Asia, including Japan and South Korea, China began opening its markets to foreign companies at the very start of its economic reforms and it has opened them ever wider ever since. At the same time, the Chinese people have rapidly advanced as consumers; the wealth created by China’s growth has created a substantial middle class. Putting a precise number on t