Russia has quietly added a number of oil fields with 30% or less recovery rates to a profit-based tax regime. If this pilot project meets its goals, it will become a rule and greatly extend the life of West Siberian oil. Positive for Russian oils (esp LKOH, SIBN) and macros.
@m_huotari@merics_eu For years German companies were the main force driving EU investments in China https://t.co/WB4j212t6u and Chancellor Merkel’s government put the “special relations” with Beijing before the legitimate interests of other EU members. Not too late for wake-up call? 2/2
@m_huotari@merics_eu Naivety or greed? “Viele deutsche Akteure hofften anscheinend, dass ihr Engagement eines Tages in einen Wettbewerbsvorteil auf dem chinesischen Markt führen werde. Häufig blendeten sie dabei das Risiko von ungewolltem Know-how-Transfer..”. 1/2
According to Uzreport Free Economic Zone Angren in #Uzbekistan will be expanded https://t.co/q1q1aca4Vk Investors from #China constitute the majority of enterprises operating in Angren.
Article by @MKalwasinski titled „Polish zloty breaks Chinese wall” reporting on China’s interbank rmb/pln spot deals in 18Q4 worth 733 mln rmb. Short lived success. In 19Q1 pln hit the Chinese wall again with only 2 deals worth merely 11 mln rmb...
Polish MP claims that cargo shipped by rail from Poland to Central Asia countries is delayed due to Polish Railways inefficiency. He also asks if it's caused by the prioritization of inbound shipments from China to Poland (Polish) https://t.co/ygj3zrzF1L
"Countries on the receiving end of Chinese cash are starting to realize that when all is done and dusted, the infrastructure that is built is likely to end up controlled by China." https://t.co/5TnDBUZ8FA