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MNI BRIEF: China Will Look To Belt & Road Amid Trade Tensions

(MNI) London
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China will look to strengthen economic links with countries in its Belt and Road Initiative as its trade with the west runs into obstacles, policy advisors said at a symposium on the 10th anniversary of BRI on Thursday in Beijing.

Trade with BRI countries grew by 7.4% year-on-year in the first seven months of this year while China’s total import and export of goods rose by only 0.4% y/y, noted Bai Ming, researcher of the Chinese Academy of International Trade and Economic Cooperation at the event organised by Chongyang Institute for Financial Studies at Renmin University of China (RDCY).

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China will look to strengthen economic links with countries in its Belt and Road Initiative as its trade with the west runs into obstacles, policy advisors said at a symposium on the 10th anniversary of BRI on Thursday in Beijing.

Trade with BRI countries grew by 7.4% year-on-year in the first seven months of this year while China’s total import and export of goods rose by only 0.4% y/y, noted Bai Ming, researcher of the Chinese Academy of International Trade and Economic Cooperation at the event organised by Chongyang Institute for Financial Studies at Renmin University of China (RDCY).

Keep reading...Show less