On October 23, 2018, Saudi Arabia kicked off the “Future Investment Initiative” conference, showcasing the country’s progress and reforms. One of the high-profile guests at the conference was Pakistan’s new Prime Minister Imran Khan.
The President of Uzbekistan Shavkat Mirziyoyev arrived on September 30, 2018 on his first official visit to India. This visit came soon after the visit of Indian External Affairs Minister Sushma Swaraj to Uzbekistan, as part of her visit to the Central Asian Region.
The EU has started the process to withdraw Cambodia’s trade benefits under the “Everything But Arms arrangement, or EBA, which guarantees completely tariff-free access to the European market for all exports except for weapons and ammunition.”
While the debt issue is definitely a major obstacle to some projects, it is not detrimental to the Belt and Road Initiative. In order to address this problem, China has strengthened cooperation and policy coordination with the BRI states and made some progress on it.
In recent weeks, some top members of Taiwan President Tsai Ing-wen’s party have warned her that US President Donald Trump will likely terminate and may even reverse America’s recent pro-Taiwan actions and policies.
At Chinese Premier Li Keqiang’s summit meeting with Japanese Prime Minister Shinzo Abe on May 9, 2018, the “Maritime and Aerial Communication Mechanism between the defense authorities of China and Japan” was set up to prevent accidental clashes in the air and at sea.
In September and October 2018, US Secretary of State Mike Pompeo and Pakistani Foreign Minister Shah Mehmood Qureshi held two meetings in Islamabad and Washington to renegotiate the terms of engagement.
Recently a number of stories have appeared in the Western liberal media pushing the narrative that US President Donald Trump despises both China and the Chinese people. These are useful to the Democratic Party going into an election in November 2018.
Thanks to Trump’s trade war on China, the US is about to experience a massive sample of just what a new, very large consumption tax will taste like. The result is sure to be a significant tax-based lifting of sticker prices across a huge range of goods.
The decision of other signatories to proceed with the JCPOA and the likelihood of a successful new trading arrangement sans US dollar could hurt the international position of the US dollar and the currency will be collateral damage to the current impasse.