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Global Information NO.10 2020 / 12

some 2.2 billion.(Source:forbes) economic and trade departments of the 10 ASEAN
governments, and the ASEAN Secretariat, undertaken
SINOSURE releases 2020 Country Risk by the people's Government of Guangxi Zhuang
Analysis Report Autonomous Region.(Source:tbsnews)
On November 16, the media reported that
China Export and Credit Insurance Corporation India plans USD 60-bn investment in gas
(SINOSURE) recently released its 2020 Country infrastructure
Risk Analysis Report, which aims to assess the Indian Petroleum Minister Dharmendra Pradhan
country risk and sovereign credit risk levels of said the government has planned a USD 60-billion
major countries around the world and make investment for creating gas infrastructure in the
recommendations for Chinese companies to country till 2024, and gas share in the energy mix is
respond to overseas investments. expected to rise to 15 per cent by 2030. Currently, gas
The report makes four recommendations for accounts for 6 per cent in the country's total energy
overseas investment by Chinese companies. mix.
(I) Chinese companies should have a deep Speaking at Assocham Foundation Day Week
understanding of the external risk challenges, 2020, the minister said, "On the investments front,
study, and classify the risk response measures in we have envisaged a spend of USD 60 billion in
advance. (II) Chinese companies should use the creating gas infrastructure till 2024, including
risk protection and financing facilitation functions for pipelines, LNG terminals and CGD (city gas
of export credit insurance to reasonably avoid distribution) networks." India's first automated
systemic risks when investing in and exporting to national-level gas trading platform was launched
countries with a greater economic recession. (III) in June this year to promote and sustain an efficient
Chinese companies should continue to track the and robust gas market and foster gas trading in the
implementation of the Debt Service Suspension country. 9
program and the Debt Service Suspension Coverage of CGD projects are being expanded to
applications of relevant countries, strengthen the 232 geographical areas spread over 400 districts,
analysis and research on the economic situation with potential to cover about 53 per cent of the
and debt situation of relevant countries. (IV) country's geography and 70 per cent of population.
Chinese companies should pay attention to the (Source:energy.economictimes.indiatimes)
newly formulated or adjusted industrial, fiscal, and
monetary policies of various countries from the AIIB’s new no-coal pledge puts spotlight
macro level to better explore international markets on China’s overseas energy investment
and optimize the layout of overseas investments. The trend for global financial institutions and
(Source: SINOSURE) companies to divest from coal is gathering pace.
Though some Chinese institutions have responded
17th China-ASEAN Expo held in China verbally to this, policy changes have so far been
The 17th China-ASEAN Expo and China-ASEAN lacking.
Business and Investment Summit have successfully The Asian Infrastructure Investment Bank (AIIB)
held in Nanning, the capital city of south China's again stated it was pulling out of the coal sector. The
Guangxi Zhuang Autonomous Region. bank has always been seen as somehow Chinese,
Themed "Building the Belt and Road, promoting despite now having 103 member countries, and the
digital economy cooperation," the expo aimed to announcement has raised hope that China’s global
deepen cooperation in trade, digital economy, energy investments may be set to decarbonise.
science and technology, health, and other fields. According to a 10-year strategy issued in October,
The China-ASEAN Expo is an international the AIIB aims to increase the proportion of its
economic and trade event held from November climate finance to 50 per cent of actual financing
26th to November 30th at the Nanning International approvals by 2025. The bank’s own figures put that
Conference and Exhibition Center in the city of proportion at 35 per cent during the first three years
Nanning. China-ASEAN Expo is jointly sponsored by of its existence, and 39 per cent in 2019.(Source:eco-
the Ministry of Commerce of China, the competent business)

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