Keyword: beltroad
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Syria on Wednesday joined China's Belt and Road Initiative (BRI), which experts said is a great achievement of the BRI as it now has connected with the whole Middle East, demonstrating its influence and appeal. The achievement comes after Chinese President Xi Jinping's phone conversation with Syrian President Bashar al-Assad in November, 2021 and Chinese State Councilor and Foreign Minister Wang Yi's visit to Syria in July, last year. It also comes amid intensive visits of six other Middle East countries' foreign ministers to China. The move also demonstrates that China is playing an increasingly important role in coordinating the...
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On the face of it, America has little to fear from China's new deal to upgrade Cuba's power grid. The countries are already firm allies via their Communist leaders, Havana is under a diplomatic and economic embargo from Washington, and all efforts to mend ties between the two ended when Obama left office. But scratch the surface and what emerges is a picture of Chinese economic dominance in America's backyard that would be enough give any president sleepless nights. In fact, the deal with Cuba - signed this week as part of China's trillion-dollar Belt and Road Initiative - is...
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California's state pension invested hundreds of millions of dollars in Chinese state-owned enterprises linked to the People's Liberation Army, according to records reviewed by the Washington Free Beacon. The California Public Employees' Retirement System (CalPERS) had more than $3 billion invested in Chinese companies, including 14 state-controlled enterprises blacklisted by the Trump administration, as of June 2020. Many of these companies are funding the Belt and Road Initiative, a massive infrastructure project Beijing is using to expand its geopolitical and military influence. Gov. Gavin Newsom (D., Calif.), who recently praised a Chinese-owned media company for its "journalistic integrity," has not...
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China has withdrawn its BRI (Belt and Road Initiative) funding for railway projects in Bangladesh, after the recipient country proposed significant cuts in costs. This happened amidst increasing tension between the two countries.According to media reports, the government of Prime Minister Sheikh Hasina found that Chinese companies were charging three times the normal price for construction, and slashed $5.72 billion from the China-funded Akhaura-Sylhet and Joydebpur-Ishwardi railway projects that are part of the BRI agreement signed between the two countries.The main conditions of the contract with China required that the contractors of the railway construction be selected by the Chinese...
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NAIROBI, Kenya — When Chinese engineers flew home in January for the Lunar New Year, few in Africa would have imagined that coronavirus outbreak was about to ground planes, upend supply lines and freeze work on dozens of Chinese-built roads, railways, ports and power stations. Many of the engineers haven’t returned. Construction sites fell silent. And now the COVID-19 pandemic has unleashed a global recession that threatens the colossal international loan program that is a symbol of China’s growing prestige and a centerpiece of President Xi Jinping’s reign. The Belt and Road Initiative — China’s effort to finance nearly half...
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Shanghai Academy acts as a front for Chinese spy recruitment, according to FBI The Brookings Institution, a prominent Washington, D.C., think tank, partnered with a Shanghai policy center that the FBI has described as a front for China’s intelligence and spy recruitment operations, according to public records and federal court documents. The Brookings Doha Center, the think tank’s hub in Qatar, signed a memorandum of understanding with the Shanghai Academy of Social Sciences in January 2018, the institution said. The academy is a policy center funded by the Shanghai municipal government that has raised flags within the FBI. The partnership...
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