Sunday, December 17, 2017

Tag: Xi Jinping

China’s Xi Jinping At Davos, World’s Most Powerful Beggar

Xi Jinping will address the World Economic Forum on Tuesday in Davos, the first time a Chinese leader has done so. Chinese state media tells us he will speak strongly in favor of globalization. That message will be difficult to accept, however, as his country is closing off its market,...

Xi Jinping’s Swiss visit to present positive Chinese message: ambassador

Chinese President Xi Jinping's upcoming Swiss visit will present a confident, open, responsible and positive Chinese voice to the world, Ma Zhaoxu, China's Permanent Representative to the United Nations Office at Geneva (UNOG) and Other International Organizations in Switzerland, wrote in a signed article published on People’s Daily on...

China’s Xi to promote globalization at Davos, not war and poverty

China's President Xi Jinping will promote "inclusive globalization" at this month's World Economic Forum (WEF) in Davos and will warn that populist approaches can lead to "war and poverty", Chinese officials said on Wednesday. This year's forum, from Jan. 17-20, is expected to be dominated by discussion of a surge...

Obama Administration Gives Up on Pacific Trade Deal

Congressional GOP leaders indicated they wouldn’t consider Trans-Pacific Partnership in lame-duck session. A sweeping Pacific trade pact meant to bind the U.S.and Asia effectively died Friday, as Republican and Democratic leaders in Congress told the White House they won’t advance it in the election’s aftermath, and Obama administration officials acknowledged...

Donald Trump, in Exclusive Interview, Tells WSJ He Is Willing to Keep Parts of...

President-elect hints at possible compromise after vows to repeal the Affordable Care Act. NEW YORK—President-elect Donald Trump said he would consider leaving in place certain parts of the Affordable Care Act, an indication of possible compromise after a campaign in which he pledged repeatedly to repeal the 2010 health-care law. In...

China facing full-blown banking crisis, world’s top financial watchdog warns

China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’s top financial watchdog. A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese...

Song Xin: Increase Gold Reserves And Join SDR

The Chairman of the China Gold Association and General Manager and Party Committee Secretary of China National Gold Group Corporation, the latter being China's largest gold mining enterprise, is Song Xin and happens to be one of my favorite commentators in China. This gentleman made waves in July 2014...

SDR bonds are China’s next step to take yuan global

SHANGHAI -- With the yuan set to enter the Special Drawing Rights currency basket in October, China looks to create a market for SDR-denominated bonds as a step toward internationalizing the country's currency. The government-linked China Development Bank as early as this month will issue $300 million to $800 million...

Putin Praises ‘All-Embracing’ Partnership of Russia, China

Russian President Vladimir Putin on Saturday emphasized economic ties with China and praised what he called Russia's "all-embracing and strategic partnership" with its neighbor, during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust. Putin told Chinese Premier Li Keqiang that...

China’s Pivot to Putin’s Friends

The Moscow-Beijing partnership is stalling. But Xi is winning over the Russian president’s inner circle with favorable loans and sweetheart energy deals. When Gennady Timchenko — a Russian oligarch and close friend of President Vladimir Putin — was appointed chair of the Russian-Chinese Business Council, an association of more than...

Troubled Russia Tries to Exploit Links to China

Putin to visit Beijing in bid to boost trade and ties as Russian economy struggles from Western sanctions. Russian President Vladimir Putin will try to bolster trade and economic ties when he visits China on Saturday to meet Chinese President Xi Jinping, as Russia’s economy struggles amid Western sanctions and...

Xi, Putin meet on promoting SCO’s regional role

TASHKENT, June 23 (Xinhua) -- Chinese President Xi Jinping and his Russian counterpart Vladimir Putin met here Thursday on enhancing bilateral ties and promoting the Shanghai Cooperation Organization (SCO)'s role in regional development and security. The two heads of state met briefly late Thursday ahead of the 16th SCO summit...

U.S. to Press China to Curb Industrial Output

BEIJING — The Obama administration plans to use annual talks with leaders in Beijing to push for cuts in excess Chinese industrial output, which has inundated foreign markets with discounted steel, aluminum and other products, Treasury Secretary Jacob J. Lew said in Beijing on Sunday ahead of the meeting. The...

China’s New Silk Road Into Europe Is About More Than Money

Beijing is spending billions on new ports and rail lines, but its ambitions for Europe are as much about geopolitics as commerce. China is actively building out the European portion of its ambitious new “Silk Road” plan, with port deals from Greece to the Netherlands, railroad investments in Greece, Serbia,...

Eurasia: China and Russia is Where It’s Happening

In 1865 at the end of the US Civil War New York journalist Horace Greeley popularized the expression, “”Go West, young man, and grow up with the country.” Today, some 150 years later, as the colossal economy of the United States of America sinks into obsolescence, outsourcing, income depression,...

Pentagon: Chinese Military Modernization Enters New Phase

China's decades-long military modernization “entered a new phase” last year under the aggressive leadership of President Xi Jinping, a new Pentagon report on Beijing’s military capabilities said today. The “sweeping transformation” includes making the formerly mass army a nimbler, more balanced force that is acquiring the kind of expeditionary...

Eurasia Silk Road Economic Transformation

Over recent months I have often written about the potential of China’s strategic One Belt, One Road Eurasian and Asian infrastructure Great Project to act as a global economic transformer toward positive, sustained economic growth. It’s becoming clear by the day that strategic economic planners in Beijing have been...

David Cameron admits he profited from father’s Panama offshore trust

PM sold stake in Blairmore investment fund, which featured in Panama Papers, for £31,500 four months before entering No 10. David Cameron has finally admitted he benefited from a Panama-based offshore trust set up by his late father. After three days of stalling and four partial statements issued by Downing Street...

Will the Panama Papers Be a Catalyst for Change?

It’s not about Vladimir Putin’s cronies or crooked billionaires. If real reform is going to come, it’ll have to be based on popular anger at the merely well-off using tax havens to move money. If it were not for the sheer enormity of the data dump, the “Panama Papers” scandal...

Chinese Censors Rush to Make Panama Papers Disappear

Several Beijing leaders were implicated in the big leak. Reading social media, you’d never know it. On April 3, the Washington, DC-based non-profit International Committee of Investigative Journalists (ICIJ) dropped what struck many as a bombshell: news that a leaked trove of 11.5 million previously secret files from Panama-based law...

China And The Middle East – Is The Balance Shifting?

Onlookers might have been surprised a few weeks ago to see the Ambassadors of China and Turkmenistan standing side by side in the rather inauspicious surroundings of the Tehran railway station to witness the arrival of a freight train containing small commodities. This was however no ordinary freight train, but...

Iran Makes Trade, Not War, with Eurasia

If the intent of the Obama Iran strategy was to woo the great Persian nation to the West in a complex geopolitical game, and turn her against Russia, China and the emerging Eurasian Century being constructed around China’s One Belt, One Road project, it is emerging as another colossal...

First Silk Road train arrives in Tehran from China

Tehran (AFP) - The first train to connect China and Iran arrived in Tehran on Monday loaded with Chinese goods, reviving the ancient Silk Road, the Iranian railway company said. The train, carrying 32 containers of commercial products from eastern Zhejiang province, took 14 days to make the 9,500-kilometre (5,900-mile)...

Iran Completes Eurasian Golden Triangle

Sometimes profound tectonic shifts in the global politics arise from least noticed events. Such is the situation with Iran and the recent visit to Teheran of China’s President Xi Jinping. What emerged from the talks confirms that the vital third leg of what will become a genuine Eurasian Golden...

China’s New Grand Strategy for the Middle East

After decades of distance, China is moving closer to the region’s sectarian feuds — and its vital oil reserves. At the start of 2016, prospects weren’t good for what would later become one of Chinese President Xi Jinping’s most consequential international tours. The January execution of leading Shite cleric Sheikh...

China’s Middle East Tour – Beijing’s Post-Sanctions Ambitions

To ensure that Beijing's post-sanctions ambitions in the region do not include transferring dangerous nuclear and military technology to Iran, Washington and its allies need to set clear boundaries sooner rather than later. Even as the Iran nuclear deal and the potential for rapprochement between Tehran and the West have...

Iran’s leader says never trusted the West, seeks closer ties with China

Iran's Supreme Leader Ayatollah Ali Khamenei on Saturday called for closer economic and security ties with China, saying Iran had never trusted the West, as the two countries agreed to increase bilateral trade more than 10-fold to $600 billion in the next decade. Iran's most powerful figure told Chinese President...

China Carefully Moving to Displace Dollar

While Washington seems obsessed with trying to humiliate China’s President Xi Jinping and make him lose face, sending warships into Chinese territorial waters in the South China Sea just days after Obama’s White House meeting with President XI, and other provocative acts, Britain’s government is taking advantage of the...

China’s Renminbi Is Approved by IMF as a Main World Currency

HONG KONG — The Chinese renminbi was anointed as one of the world’s elite currencies on Monday, a milestone decision by the International Monetary Fund that underscores the country’s rising financial and economic heft. The move will help pave the way for broader use of the renminbi in trade and...

Why Russia needs China to buy its weapons

Despite intellectual property concerns, Russia recently agreed to sell 24 Sukhoi Su-35 fighter jets to China - a deal worth $2 billion. But what is driving Moscow to seek deeper trade ties with Beijing? The deal, announced last week by Russian defense conglomerate Rostec, makes China the first foreign contractor...

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