OBOR TRADE
Little recognised is the growing impact of trade with OBOR countries. China Development Bank alone has invested almost $1 trillion in some 900 projects that are either planned or are underway. Orders from some of these projects have started to filter into Chinese mills, steel and cables being two. Trade between China and OBOR countries was over $1 trillion in 2015 and probably at least $1.25 trillion last year compared with trade with the USA that totalled $527 billion and with the EU amounting to $620 billion. OBOR trade and investment will probably continue to grow at rates of between 20-30% a year. Already OBOR trade exceeds the combined trade with the EU and the USA.
This has been part of China’s long-term planning by reducing the influence of trade with its historical partners into countries where long-term growth prospects are measurably higher. In fact, by 2020, China’s trade with OBOR countries could reach between $2.5tr to $3.0 trillion compared with the combined trade with the USA and EU of just $1.3tr to $1.4 trillion. This trend will help China in its negotiations with America over trade issues.
China’s non-financial outbound direct investment rose by 44% to $170.11bn last year with $14.53bn going into OBOR countries
News 
Market Data 
Discover 
AI
