Silk Road Summit Comes Up Short on Consensus Agreement for Trade “Rules of the Road”

On May 14, China launched the Belt and Road Forum in Beijing. As the forum drew to a close, there was an apparent effort to gather signatories and broad agreement on a trade communique that, according to the Wall Street Journal, was hurried in a manner that other such joint statements were not. In this case, a statement on trade that Beijing hoped attendees would sign onto reportedly omitted important clauses on transparency and standards ...

China Proposes Increased Stake in Myanmar’s Strategic Kyaukphyu Port

On May 8, a consortium of Chinese companies made a proposal to the Myanmar government for an increased stake of 70% to 85% in the country’s $7.3 billion Kyaukphyu deep-sea port, located on the Bay of Bengal. The proposal comes in response to Myanmar's offer last year for this project to be a 50/50 joint venture, which the consortium reportedly rejected.

Chinese-North Korea Joint Venture Revealed to Be Circumventing Sanctions

A front-page Wall Street Journal article today reported on a joint venture between the Chinese state-owned enterprise (SOE), Limac Corp., and North Korea’s Ryonbong General Corp. It was originally established in 2008 to mine tantalum, niobium and zirconium, minerals used in the manufacturing of nuclear reactors and missiles (as well as phones and computers).