A floor trader at the New York Stock Exchange at the closing bell on 4 December 2018, the day when the Dow Jones Industrial Average (DJIA) index lost almost 800 points, or 3.1 per cent. Photo: EPA-EFE/JUSTIN LANE
Opinion
Opinion
Macroscope
China’s Belt and Road may be the closest the world has to a stimulus plan that can kick some vigour back into the global economy
- There is nothing for global stock markets to be bullish now, from corporate earnings to the US-China trade war, to Brexit and the next US trade war on Japan
- China’s Belt and Road Initiative may be the only hope for a global economic stimulus
A floor trader at the New York Stock Exchange at the closing bell on 4 December 2018, the day when the Dow Jones Industrial Average (DJIA) index lost almost 800 points, or 3.1 per cent. Photo: EPA-EFE/JUSTIN LANE
Aerial shot of Gates of the City at sunset in the Moldovan capital of Chisinau. Photo: Shutterstock
Chinese contractors in talks to build two highways in Moldova, extending China’s infrastructure order book in eastern Europe
- The two highways will run a combined length of 300km, and will cost an estimated US$400 million
- Financing for the two projects may take two options: wholly funded by China, or split between China and Moldova 85:15
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Belt and Road: The projects
Aerial shot of Gates of the City at sunset in the Moldovan capital of Chisinau. Photo: Shutterstock