After Italy, Luxembourg officially joined the BRI during Xavier Bettel’s visit to China. Luxembourg looks to become the financial gateway of the BRI.
Silk Road railways: more coordination required in the EU
Since 2015, Europort-Lorraine has planned to develop rail transportation from China. A test convoy had left Chengdu on July 13, 2018, but this line needs improvements.
Luxembourg to be BRI financial place in the EU
The Chinese group “Legend Holdings” is about to buy 90% of “Banque internationale à Luxembourg” (Bil, International Bank in Luxembourg) from Qatar’s Precision Capital. The announcement was made on September 1, 2017. To be finalized, this 1.5 billion euro acquisition