Russia and Kazakhstan top partners in OBOR
October 31, 2016 Category Foreign investment, Weekly
Russia and Kazakhstan rank first and second on a list of 64 countries and regions cooperating with China in its One Belt One Road (OBOR) Initiative. Thailand, Pakistan and Indonesia occupy the third, fourth and fifth places. The Belt and Road Initiative Big Data Report 2016 analyzed five aspects of cooperation between China and the 64 countries – policy communication, connectivity, trade, finance and public support – and assigned an index number based on the comprehensive findings. The report was written by the Belt and Road Initiative Big Data Center at the State Information Center. China’s cooperation with 32 countries, or half the overall number, “needs to be enhanced,” according to the report. Domestically, Guangdong, Zhejiang, Shanghai, Tianjin and Fujian are the top five provinces and municipalities regarded as “highly participating” in the initiative. Foreign direct investment (FDI) into countries along the initiative routes showed good momentum, with 81.7% of the provinces and regions’ FDI higher than USD1 billion, while 77.42% of the provinces and regions’ had FDI growth greater than 20%, the China Daily reports.
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