Earlier in September 11-12, Hong Kong hosted its ninth Belt and Road Summit, where attendants from mainland China, Hong Kong and other Asian and European markets gathered to discuss trade and investment opportunities.
First raised by Chinese president Xi Jinping back in 2013, the Belt and Road Initiative BRI has now evolved into a cross-border infrastructure development strategy that encompasses central Asia, Southeast Asia, Europe and Africa.
As geopolitical tensions heat up with the US, the Chinese are eager to look for an alternative investment destination and trade partner, as well as to internationalise its own currency, with the Middle East...