Both domestically in getting chinas economy on track as well as internationally as the country tries to navigate a tense geopolitical environment. We are also going to see and he is back with us here on a show business report. Thank you for coming back again for us as we continue to track the story as the World Leaders gather there. We are still waiting for xi jinping to speak but in your expectation and estimation what are you seeing will be a thrust of the speech there. This are you seeing will be a thrust of the speech there. Of the speech there. This is a time of stocktaking of the speech there. This is a time of stocktaking on of the speech there. This is a time of stocktaking on both| time of stock taking on both side. Chinas reassessment of the initiative and countries on the initiative and countries on the Receiving End are getting a little concerned about the strings that seem to come attached with it in the form of the slightly odorous terms of some of the debt and the fact t
Chinas economy on track as well as internationally as a country tries to navigate a rather tense geopolitical environment. Ive been speaking to and economy of cornell university. He told me how the belt and Road Initiative had achieved mixed results for china. ,. , china. The belt and Road Initiative china. The belt and Road Initiative was china. The belt and Road Initiative was chinas china. The belt and Road Initiative was chinas attempt to use its economic muscle in order to gain both geopolitical and economic inroads and at the same time broaden its economic breach by providing opportunities for other countries and their transport and other infrastructure nets that try to link china with other countries. Some of these have not paid off very well, evenin have not paid off very well, even in times of economic terms or geopolitical terms. China is getting pushback from countries that feel they have incurred debts to china that will be very difficult to pay off. I think this is an atte
Cornell university, and a former head of the imf s china division. Speaking to me earlier, he said the belt and Road Initiative had achieved mixed results for china. The belt and Road Initiative was chinas gamble to again achieve political and democrat influence, as well as extend dock expand its reach, and Build Transport and other infrastructure that would link china with many of these other countries. Now some of these investments have not paid off very well, in terms of geo political terms because china is getting pushback from some countries that feel they have been indebted to china. So this is an attempt by the Xi Jinping Administration to put the belt and Road Initiative back on track. ,. , and Road Initiative back on track. ,. ,. ,. , track. To have any tangible expectations track. To have any tangible expectations from track. To have any tangible expectations from this track. To have any tangible i expectations from this forum . I think we might see some new Investment Opport
Engines, Nuclear Power plants for submarines, defence and civil aerospace, and the problem they have identified is that it is underperforming relative to its peers, so when he came into thejob he promised to shake things up, and what he wants to do is take the three big divisions that make up rolls royce, civil, aerospace, defence and a Company Called Power Systems in germany that makes large engines, and bring them close together, rationalise them, meaning there will be a lot of duplication in back Office Functions that can be got rid of, so that is where we expect the job cuts to happen, other parts of the business, its Nuclear Submarines business, we dont expect cuts there, and in civil aerospace, people who make engines, a lot of those job cuts will trend back during the pandemic, in fact rolls royce is now recruiting in those areas so that is unlikely to feel a big impact, those areas so that is unlikely to feela big impact, one of those areas so that is unlikely to feel a big imp
Half the globe s total wealth. Now a bri project could be a railway in kenya, he could be a port in sri lanka, a bridge in the maldives, the largest project so far has been the china Pakistan Economy corridor. It goes through kunz or rob, which is a Desert Mountain pass on the china pakistan border. The second thing you need to know is that it has two official names, one for inside china and one for outside china. Now initially was called one belt, one road four which sounds great in chinese, a grand plan led by china. The problem is in english, that sounds bossy, like china is dictating to the rest of the world. So if you years ago, the name was changed to the slightly blender but less threatening bell and road initiative. The third thing is that its controversial for some, china has ploughed more than 1 trillion. Their airports and roads that would not exist were it not for chinese investment. But ultimately nothing comes for free. It is in a so called debt trap, where the recipient