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The six land corridors that are the “Belt” part of the Belt and Road Initiative (BRI)

What opportunities emerge as a result of participating? A new World Bank research paper explores these recurring questions.

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The six land corridors that are the “Belt” part of the Belt and Road Initiative (BRI) connect more than sixty countries, a number that keeps growing as more and more countries join.

However, even as the initiative progresses, there are still open questions as to what each participating country will gain from the initiative.

How can a country best benefit from the BRI? How should projects be prioritized and sequenced?

What opportunities emerge as a result of participating? A new World Bank research paper explores these recurring questions.

Our analysis is based on exploring the position of each country’s economic centers along the BRI network of corridors.

Ultimately, an initiative such as the BRI will change the way economic centers are connected. Productivity, competition, market opportunities, and transport and logistics costs could all be impacted.

Participating countries and cities within them will all certainly be affected by the implementation of the BRI.

However, the extent of the impact will depend on where along the corridors a country or city is located relative to other economic centers.

The difference matters, and is comparable to a storefront being located in a cul-de-sac or a thoroughfare.

Countries and cities on the “thoroughfare” may see more opportunities to add value and intermediate trade, whereas countries in the “cul-de-sac” serve as an end node only.

Six Corridors of Integration: Connectivity Along the Overland Corridors of the Belt and Road Initiative | The Trade Post

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Business

Sony to shift smartphone plant to Thailand

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Sony’s share of the smartphone market has fallen sharply in recent years

BEIJING/TOKYO, March 28 (Reuters) – Sony Corp will close its smartphone plant in Beijing in the next few days, a company spokesman said, as the Japanese electronics giant aims to cut costs in the loss-making business.

Sony will shift production to its plant in Thailand in a bid to halve costs and turn the smartphone business profitable in the year from April 2020, the spokesman said on Thursday.

The decision to scale back its smartphone workforce, which could see up to 2,000 of the total 4,000 jobs cut by March 2020, is part of a move to reduce fixed costs in the business, and also includes procurement reform.

Sony’s share of the smartphone market has fallen sharply in recent years — from more than 3% in 2010, according to the research portal Statistica — to less than 1% currently.

It has struggled to compete against leaders Apple, Samsung Electronics and Huawei Technologies, all of which are racing to develop new 5G devices.

Sony’s smartphone business was one of the few weak spots in its otherwise robust earnings, bracing for a loss of 95 billion yen ($863 million) for this financial year. ($1 = 110.1200 yen).

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China

How will Thailand’s election affect China?

China’s investment in Thailand will not be affected much by the result of the general election.

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According to Chang Xiang a researcher at the Thai-Chinese Strategic Research Center at the National Research Council of Thailand, China’s investment in Thailand will not be affected much by the result of the general election.

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China

Will Asian economies dominate the world in 2050?

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Out of the 10 largest world economies of the world, four will be from Asia with China and India leading the world by 2050, according to the PwC report.

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