The Maritime Silk Road was historically used for transporting ceramics from East Asia to other regions including Europe. It is useful to re-discover how these sea-lanes, when not under dispute, were able to encourage trade and commerce amongst the maritime nations.
The 6th plenum has several objectives in mind. One is to foster party discipline amongst the Chinese Communist Party members. Tackling corruption remains high on the agenda as President Xi Jinping has reiterated the need to make party discipline stronger than the law.
The announced possibility of Japanese Emperor Akihito’s abdication has become a much-discussed issue in Japan. He cited his age and state of health as the reasons for his not being able to continue with his royal duties.
In July 2016, Malaysia indicated that China may be welcomed to construct a port in Malacca’s Carey Island as part of the Malacca Gateway project. Chinese ambassador Huang Huikang characterized the USD 10 billion investment in this project as a component of China’s Maritime Silk Road initiative.
The news that an increasing number of European banks are looking for cheap way to store cash as interest rates go negative is a good way for banks to register their protest over the impact of negative interest rates.