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Rail Freight Connection between China and Slovakia

Nov. 14 -The first trial train with containers from China arrived on Monday, Nov. 13, at the cargo port in Bratislava, the capital of Slovakia. The train’s 11,000-km journey from the Chinese city of Dalian, via Russia and Ukraine lasted 17 days.
The train was welcomed by Transport Minister Arpád Érsek, State Secretary for Finance and Government Envoy for the Silk Road initiative Dana Meager, and Chinese Ambassador to Slovakia Lin Lin. The number of such trains should gradually increase and next year their number might be as high as 500.

        “The fact that goods travelling across Asia will be transported via the territory of Slovakia in order to get farther into Europe is a huge success and an excellent commercial opportunity,” said Minister Érsek, endorsing the idea of
Bratislava becoming a key rail freight hub for Europe. “The transport capacities of Slovakia are today far from being fully utilized. I firmly believe that we are only at the beginning of successful cooperation,” he said.


Completion of Second Russia-China Crude Oil Pipeline

Nov. 14 – On Nov. 12, the second China-Russia crude oil pipeline project, which took only 456 days to build, was finally completed, {Asia Times} reported, citing a report from the Chinese publication {21st Century Business Herald}. Built by those countries’ two biggest oil producers, China National Petroleum Corp. and Rosneft, the 940 km pipeline from Mohe to Daqing, both in Heilongjiang, will have an annual capacity of 15 million tons. According to the planned volume of pipeline transportation between China and Russia, after the completion of construction, Russian oil transported to China’s northeast by land-based crude oil pipelines will double from 15 million tons to 30 million tons per year.

        The first oil pipeline of the China-Russia crude oil pipeline project, from Skovorodino to Mohe, moved 100 million tons of oil from Russia to China between 2011 and May 19, 2017, according to TASS. The second oil pipeline will further improve the safety and reliability of China’s crude oil supplies and make up for old Chinese oil fields like Daqing, Liaohe, which will promote the old industrial bases in northeast area and the steady development of the national economy.

      {Global Times} cited Zhang Hong, a research fellow at the Chinese Academy of Social Sciences, that “importing oil from Russia also has great benefits for China because, first, diversifying oil import sources can reduce the risks of regional politics on domestic economic security. Second, in terms of geography, importing oil from Russia is more convenient than getting it from distant sources like Saudi Arabia.”


China: High-Tech Manufacturing Is Growing at 13.4% Per Year

Nov. 14 – Xinhua reported Nov. 13 on third quarter 2017 results for the Chinese economy, as presented by Zhang Liqun, researcher with the State Council’s Development Research Center.

The year-on-year overall growth rate in China for the first three quarters of 2017 was 6.9%, which was higher than expected. Most interesting is that “the high-tech and equipment manufacturing sectors posted stellar growth in the first three quarters, with output up 13.4% and 11.6% respectively,” Xinhua reported. Investment in high-tech manufacturing rose even more dramatically, by 18.4%, up from 11.7% for the same period in 2016. Job creation is correspondingly strong: China created almost 11 million jobs in the first three quarters of 2017–300,000 more than the same period last year. Official unemployment in Chinese cities stands at 3.95%, the lowest level since 2008.

The Xinhua article also quoted the chief economist at the Bank of China, Cao Yuanzheng, who said that it is of vital importance to contain financial risks, including “countering debt, shadow banking and asset bubbles.” Even Moody’s had to admit, in a recent research note, that “a stronger policy focus on financial sector regulation should continue to restrain the growth of shadow banking activities, help mitigate asset risks for the banks, and address some key imbalances in the financial system.” On poverty reduction, which is the central concern of President Xi Jinping and the entire national leadership, Vice Premier Wang Yang presided over a meeting of the State Council’s group on poverty reduction on Nov. 13. Wang emphasized that they had to be focused on “enhancing a sense of mission and crisis awareness, and targeting problems to fulfill the Party’s promise to the Chinese people and the international community,” Xinhua wrote. (The fact that Wang presented this policy as a commitment to {the international community} is especially notable.) Wang added that to meet these goals it was necessary to train local authorities, “stressing the importance of carrying out research and investigation, and averting formalism.”


Webcast: President Trump’s Asia Trip and The New Paradigm

SCHILLER INSTITUTE ANNOUNCEMENT: HELGA ZEPP LAROUCHE WEEKLY WEBCAST
Thursday, November 16
6 PM CETNoon EST

To say that President Trump’s Asia trip was an historic success may be an understatement!  Though the highlight was his visit to Beijing and meetings with China’s President Xi Jinping, his meetings with other leaders, including his exchanges with President Putin, were productive.  In every event, he made explicit that the days when the U.S. acted as the enforcer of a unipolar empire are over.

Don’t be depressed or confused by the honking of the geese of the old establishment, with their lies and slanders against Trump and those who met with him.  These are only the hysterical squawks of those whose  collapsing world order is in its death throes.  They cannot succeed in stopping the momentum of the new dynamic unleashed in the world.  Let them squawk — we have to do our job, to ensure that they are defeated, and that the New Paradigm fully emerges.

What now?  Where do we go from here? Join Helga Zepp LaRouche on this week’s webcast, as she will provide an update on the strategic significance of Trump’s trip, and outline where we go from here.


If you missed last weeks webcast be sure to watch it.


Egypt Positioned for Working with New Silk Road

Nov. 7, 2017 -“Egypt supports the Belt and Road Initiative that connects China with the world’s continents through massive networks of land and sea routes,” Ibrahim Mahlab, the Egyptian President’s assistant for strategic and national projects, told a forum in Cairo. Describing the China-Egypt ties as “strong, unique and sustainable,” Mahlab, a former prime minister, expected the initiative to “restructure the traditional models of world trade.”

Egyptian and Chinese officials, businessmen, representatives of financial and economic institutions, as well as a delegation from the Communist Party of China, attended the Nov. 6 forum, on “Belt and Road–Together for a Better Future.” The participants at the forum, co-organized by Sharaf Foundation for Sustainable Development and the Chinese Embassy in Cairo, discussed ways to boost China-Egypt economic, trade and cultural relations, and the available investment opportunities.

“Being a central point between Africa and Asia, Egypt is also a focal axis of Arab and African trade,” Mahlab said, highlighting the significance of Egypt’s strategic location for the Belt and Road Initiative. He noted that Egypt has carried out massive infrastructure projects over the past three years that have greatly upgraded the country’s energy supplies and road networks which could help future investors in the country.


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