Tuesday, July 27, 2021

BRI - Belt & Road Initiative

23-9-22 Xina’s New BRI $6B Railway in Laos: Massive Debt Trap | WSJ > .23-1-18 Middle Corridor - Inland Silk Road - Caspian > .
21-12-23 Can Australia help to Stop China? (JB's latest move) - VisPol > . skip ad > .
BRI - Chinese Imperialism - Rap >> .
Indo-Pacific Security & Threats - Γαῖα >> .

Geoff Raby interview > .
00:00 - Introduction
04:01 - Chit Chat
05:37 - How Has Your Idea Of China Changed Over The Years?
09:31 - Romatisicing The Early Days As A Diplomat In China?
14:11 - How Has Australia's Relationship With China Changed?
19:36 - Underlying Incentives For BRI (Belt & Road Initiative)
22:32 - What Do You Think Made Bob Hawke So Succesful In China?
27:51 - Geoff Experience With SEZ (Special Economic Zones) Of China.
35:31 - China Managing Their Middle Income Trap.
41:01 - How Do You Manage The Competing Interests Of What You Think Is Right Versus The Australian Politics Of The Day.
43:29 - Geoff Operating As Australia's Ambassador To China.
46:21 - Australian Soft Power.
54:13 - What Would You Have Had Scott Morrison Do?
55:41 - Australia's Dystopian Future.
1:06:12 - An Australian Foreign Policy Based In Realism.
1:10:33 - Security In The South China Sea.
1:16:26 - Geoff Addressing The Uigher Humanitarian Disaster In China.
1:27:51 - How Much Is Hong Kong Foreshadowing For Taiwan?
1:31:51 - What Country Are You Most Bullish On?
1:32:29 - What Two People Would You Witness A Conversation Between?

BRI - Belt & Road Initiative ..

21-7-27 China stocks see biggest slump in US since 2008 financial crisis: The Nasdaq Golden Dragon China Index, which follows the 98 biggest US-listed Chinese stocks, has fallen by almost 15% in the last two trading sessions. The index has now plummeted by more than 45% since hitting a record high in February.

The slump comes after a series of crackdowns by Beijing on its technology and education industries. This has led to around $770bn (£556bn) being wiped off the value of US-listed Chinese stocks in the last five months alone.

State-owned enterprises of China w
China has over 150,000 State Owned Enterprises (SOEs), an incredible number when compared against the handful most major economies possess. With 91 Chinese state companies being included in the World’s Top Fortune 500. That’s almost 1 in 5. Here’s why? First, China’s history as a planned economy has meant the CCP has, since 1949, played a central role. Second, the government views SOEs as an integral part of it’s ambitious mega projects, given their scale and strong government links. Being involved in 1,000s of projects, for the Belt and Road Initiative (BRI) alone. Today they account for some 40% of China’s total Stock Market by value. Third, SOEs are relied upon to get the economy moving. Making up some 25% of the economy, they played a fundamental role in why China avoided recession in 2020.

China Railway Construction Corporation Limited (abbreviated CRCC) is a listed construction enterprise based in Beijing, China, that was the second largest construction and engineering company in the world by revenue in 2014. The limited company was incorporated in 2007 in order to float the assets of China Railway Construction Corporation [Group] (CRCCG, or the holding company) in Shanghai and Hong Kong stock exchange. CRCCG retained some assets which was deemed not suitable to float in the stock exchange.

CRCCG is under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council. Since February 2008, A shares and H shares of CRCC are listing on the Shanghai and Hong Kong stock exchanges.

The financial report of the parent company (holding company) is not disclosed. As both parent and subsidiary share almost the same English name, one without the word "Limited" (they have different names in Chinese), the business activities of the holding company was often incorrectly mixed up with the publicly floated limited liability subsidiary by the media.

China Civil Engineering Construction Corporation Ltd. (abbreviation CCECC) was established in June 1979 under the approval of the State Council of the People's Republic of China.

It performs international contracting and economic cooperation, CCECC has been developed from the earlier Foreign Aid Department of the Ministry of Railways (with the experience of executing the biggest foreign-aid project of China, the TAZARA) into a large-scale state-owned enterprise for project contracting.

Its business scope expands from international contracting for railway construction to civil engineering design & consultancy, real estate development, trading, industrial investment and hotel management as well. The business activities of CCECC have expanded to over 40 countries and regions where more than 20 overseas offices or subsidiaries have been established. With its excellent performance and high quality in services, CCECC has been listed among the world's top 255 international contractors for many years and ranked consecutively among the first 70 in recent years by the Engineering News Record "ENR".

China Road and Bridge Corporation (CRBC), a subsidiary of Fortune Global 500 company China Communications Construction Company (CCCC), focuses on global civil engineering and construction projects such as highways, railways, bridges, ports, and tunnels. Growing out of the Foreign Aid Office of the Ministry of Communications of China, CRBC and its predecessors have been executing projects since 1958. In 1979, CRBC was formally established and entered the international contracting market. The parent entity, CCCC, was formed through the combination of CRBC and China Harbour Engineering Co Ltd (CHEC) in 2005.

CRBC is among the largest engineering and construction firms globally, and operates from more than 50 branches and offices throughout Asia, Africa, Europe and the Americas. CRBC has played a key role in the design and construction of both greenfield and brownfield infrastructure projects in developing countries, especially those located in Africa where it is a market leader. The company has full EPC capabilities, and actively pursues P3 projects, often acting as concessionaire. The company's motto is: "Build roads and bridges, make contributions to society, put employees first, and strive for excellence."

In addition to the design and construction of infrastructure, CRBC is engaged in infrastructure equity investment; real estate development and management; and industrial park equity investment and development.



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