The ties between China and Türkiye can be dated back to the ancient Silk Road. Now as the Belt and Road Initiative marks its tenth anniversary, the two sides continue to deepen their relations in the new era. Türkiye has strong economic relations with China and is one of the very early partners of the Belt and Road Initiative (BRI). In November 2015, China and Türkiye signed a Memorandum of […]
Moves to become a member of BRICS Bank. “The Belt and Road Initiative is laying the foundations for us to break free from the old world of colonialism and imperialism. The enlarged BRICS group is the great engine for the acceleration of the process of the birth of a new world, a world based on cooperation, a world without hegemony.” Nicolas Maduro At the invitation of Chinese President Xi Jinping, […]
The Global South continues to be subject to neocolonial mechanisms that exacerbate the debt and climate crises. Achieving climate and economic justice requires structural reparations, countering Western debt generation traps and coordinated action to cancel debt to the rich capitalist “G7” countries, particularly the USA. Figures for the first two quarters of 2023 show that the depreciation of US capital is greater than the creation of capital in the United […]
A Chinese state-owned engineering and construction company successfully completed river closure last week marking the start of the main building phase of the $214 million Nyabarongo II Multipurpose Project in Rwanda. The construction of the 43 MW Nyabarongo II Hydropower Plant in Rwanda began in mid-2022 following a groundbreaking ceremony announced by the Minister of Infrastructure. Upon completion, the hydropower plant will include three 14.5MW units built by Sinohydro, a Chinese state-owned hydropower engineering […]
A decade of BRI development sees the ASEAN dream of Trans-Asian Railway network taking shape, and demonstrates China’s global vision on promoting win-win cooperation, common development Introduction – The Silk Road spirit Over 2,000 years ago, when the world was separated by high mountains and vast oceans, Chinese ancestors opened a transcontinental passage connecting Asia, Europe and Africa, known as the Silk Road, and created sea routes linking the East […]
China will allocate more resources for Africa’s industrialisation and agricultural modernization – as well as train thousands of African students in vocational skills, Chinese President Xi Jinping promised African leaders during his visit to South Africa for the BRICS Summit. Meeting African leaders for the China-Africa Leaders’ Roundtable Dialogue at the end of the BRICS summit in Johannesburg, Xi said China would launch an initiative to support Africa’s industrialisation. Through the new proposal, the […]
BRICS+ expansion draws together major energy and natural resources players. The BRICS block will now be home to nearly half – 46 percent to be exact – of the world’s population. Its share of global oil production will be more than doubled at 43 per cent. When you look at the top ten oil producers, the are the United States, Saudi Arabia, Russia, Canada, China, Iraq, the United Arab Emerates, […]
Ignore Western headlines about ‘China’s economic collapse’ Once again, the Western media Establishment, and sadly some on “the left”, are talking up an impending economic disaster in China, when the truth is quite the opposite, as China-based economist John Ross shows. In the last four years, covering the period of the Covid pandemic, China’s economy has grown two-and-a-half times as fast as the US, 15 times as fast as France, […]
China Civil Engineering Construction Corporation (CCECC), another Chinese construction giant, built the line’s east segment and several underground stations, and will also take charge of the 14-year operation and maintenance together with China’s Shenzhen Metro and the Israeli partner Tevel Metro. “It is the first time that a Chinese company has won an urban rail transit operation and maintenance project in a developed country,” said Kang Wei, general manager of […]
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