31 August 2018: If, like the author, you are interested to know if/when your business gets mentioned in the news, or there is something posted about it on the internet, you may find yourself being informed about things happening a long way from home.
At BRI we quickly discovered that BRI Business Recovery and Insolvency really aren’t as unique as we might like to think, certainly we are not the only BRI out there.
In a previous article, “a rose by any other name”, we mentioned the existence of the Bristol and Royal Infirmary – AKA BRI, and other examples of BRI about whom things are often published.
However, the real hot topic currently isn’t your favourite Insolvency Practice with its headquarters in Northampton and its six other offices; it is China’s investment into its Belt and Road Initiative (also BRI).
China have found that it is cheaper to transport goods via the “belt”, the rail-dominated portion of its global trade route, than moving freight by sea or air. Here are some key facts to share with folk at your next dinner party:-
- The belt’s full title is the ‘Silk Road Economic Belt’, and is named after the original Silk Road established during the Han dynasty (270-220 BCE) – the second imperial dynasty of China.
- The belt will range from Zhengzhou, an industrial city in the South of China, to multiple points around Central Europe, including Rotterdam, Hamburg and Prague.
- A new inland terminal, the largest in Europe, is now operational in Duisburg to serve as a trade gateway to Europe.
- Trains operating on the belt can travel up to 9,800 miles, and will continue to run even in extreme weather.
- Rail is considered an attractive option as when rail volumes grow costs are expected to reduce.
(With thanks to Port Technology and their article OBOR: 10 Facts about China’s Belt)
Hopefully, somewhere in China, there will also be someone penning an article about a great company of Insolvency Practitioners in the UK who cover the whole of country and whose advice can be relied upon to be in the best interest of the seeking that advice – irrespective of the fee outcome for themselves. It is, they say, better to live in hope (of which there are several in England and Wales!).