News
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How China Got Sri Lanka to Cough Up a Port
HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes. Yes, though feasibility studies said the port wouldn’t work. Yes, though other frequent lenders like India had refused. Yes, though Sri Lanka’s debt was ballooning rapidly under Mr. Rajapaksa. Over years…
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China pledges over $100 million military aid to Cambodia
PHNOM PENH (Reuters) – China has granted more than $100 million in military aid to Cambodia, Cambodia said on Tuesday, highlighting the strong ties between Beijing and a government that critics accuse of destroying democracy ahead of an election next month. Prime Minister Hun Sen’s ruling party is expected to easily win the general election on July 29 as the…
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China to pursue more trade with France, EU raises ‘difficult issues’
BEIJING (Reuters) – China told France on Monday it would buy more of its farm produce, hinted at future Airbus purchases and pledged to work on market access, shoring up its trade ties with Europe amid the increasing danger of a tariff war with the United States. Chinese Premier Li Keqiang told French Prime Minister Edouard Philippe that Beijing…
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Japan to help develop Indonesian islands in South China Sea
Tokyo says it will spend millions of dollars on fishery facilities in a remote island chain Japan said Monday it will provide 2.5 billion yen (US$23 million) in aid to Indonesia for the development of fishery facilities on remote islands, at a time when China’s clout in the region is increasing. The signing of a document on the aid was…
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China’s SCS expansion weakening Philippines energy security — experts
MANILA, Philippines — China’s blocking of exploration of possible power sources in the South China Sea by the Philippines has weakened the country’s energy security, maritime experts said. “The Philippines has been eager to tap natural gas reserves beneath Reed Bank for over a decade but has been stymied by Chinese opposition,” wrote Bonnie Glaser, senior adviser for Asia at…
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The American with a dream of becoming a Chinese citizen
‘I don’t hate America or dislike America,’ new Chinese green card holder Brent W says. ‘I just love China and Chinese people a lot more’ Eight years ago, he moved to China from the southeastern US state of Florida to take a job as a chief representative with an online Hong Kong company. Today, he lives happily in Dongguan, an…
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Xi says China must lead way in reform of global governance
BEIJING (Reuters) – China must lead the way in reforming global governance, the foreign ministry on Saturday cited President Xi Jinping as saying, as Beijing looks to increase its world influence. China has sought a greater say in global organizations such as the World Bank, the International Monetary Fund and United Nations, in line with its growing economic and diplomatic…
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South China Sea Drama: One Nation Is Building Up Its Military Because of It (Not China)
As tensions escalate over which nations should control the South China Sea, Malaysia is embarking on a military buildup. The buildup comes as new Prime Minister Mahathir Mohamad defeated last month incumbent Najib Nazak, who was viewed as being too soft on China. Chinese ships have encroached in oil-rich waters and fishing grounds claimed by Malaysia as part of its…
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US dollar will crash & burn because of trade war with China – investor Peter Schiff
The idea that a trade war between US and China is good for the dollar is complete nonsense, according to investor Peter Schiff. He believes that greenback will only depreciate. “The thinking is – at least when it comes to trade – is that the dollar is going to benefit from a trade war, which I think is wrong. I…
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Using Game Theory to Explain the U.S.-China Spat
Picking a fight with a trading partner seems like a bad idea, but it’s not necessarily irrational. Probing a partner’s weaknesses can be an effective way to get a better trade deal, according to game theory, the branch of mathematics that deals with strategy. It sometimes makes sense for countries to “test each other’s resolve,” says Ethan Harris, head of…
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RUSSIA WILL TAKE CHINA’S SIDE AGAINST U.S. IN WORLD TRADE WAR
Russia’s economic development minister revealed Tuesday that his government was prepared to side with China in a burgeoning global trade war with the U.S. President Donald Trump’s protectionist trade policies have led China and the European Union to hit back at new U.S. tariffs intended to discourage foreign purchases of steel and aluminum. As a result, the Russian minister, Maxim…
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How China is winning the war with the US for scientific hearts and minds
Anson Au says the Trump administration’s anti-Chinese and anti-science biases are producing policies and a working environment that are pushing away talent in research and development, and it is China that will benefit Xenophobia and racial discrimination have taken centre stage in the US amid a whirlwind of political decisions made by the Trump administration. And, as trade tensions between…