BRI, BRICS, & Global South~

China built Serbia to Hungary Railway

May 4, 2024 CEN_com 0

BELT & ROAD INITIATIVE IN EUROPE Chinese-backed Rail Line Brings Benefits to Serbia, Hungary The Chinese-built Hungary-Serbia railway, a fruitful result of the Belt and Road Initiative (BRI), has significantly enhanced Serbian people and foreign tourists’ travel convenience and introduced innovative technologies to both Serbia and Hungary. Once fully completed, the line – a hallmark project of China’s Belt and Road Initiative in Europe – is set to cut rail […]

Hungary, China build solar energy storage

May 3, 2024 CEN_com 0

By 2030, Hungary will have the fourth largest capacity in the world for storing green energy after China, the United States and Germany. Forest-Vill, the Hungarian company behind the storage facility says construction is underway for the EUR 21 million, 20 MW storage facility, located near Szolnok. Chinese company Huawei will provide the equipment for 60 MWh capacity project, which is expected to be completed in the first half of […]

Hungary, China solar energy storage

May 3, 2024 CEN_com 0

By 2030, Hungary will have the fourth largest capacity in the world for storing green energy after China, the United States and Germany. Forest-Vill, the Hungarian company behind the storage facility says construction is underway for the EUR 21 million, 20 MW storage facility, located near Szolnok. Chinese company Huawei will provide the equipment for 60 MWh capacity project, which is expected to be completed in the first half of […]

BRICS challenge World Bank

May 3, 2024 CEN_com 0

End of Western hegemony: BRICS+ challenge World Bank Since its formation the World Bank has promoted and consolidated Western hegemony, imposed draconian neo-liberal economic policies and perpetuated global inequalities The World Bank has been the target of extensive criticism over the years by developing nations, centering on its operational practices and the broader implications of its policies. These criticisms include allegations of promoting Western hegemony and perpetuating global inequalities, as […]

BRICS challenge to World Bank

May 3, 2024 CEN_com 0

End of Western hegemony: BRICS+ challenge World Bank Since its formation the World Bank has promoted and consolidated Western hegemony, imposed draconian neo-liberal economic policies and perpetuated global inequalities The World Bank has been the target of extensive criticism over the years by developing nations, centering on its operational practices and the broader implications of its policies. These criticisms include allegations of promoting Western hegemony and perpetuating global inequalities, as […]

China helps Ethiopia with off-grid solar

April 29, 2024 CEN_com 0

Ethiopian utility and Huawei sign MoU to provide solar electricity to communities in off-grid areas Ethiopia, which joined the BRICS group of emerging economies on 1 January 2024, currently generates around 90% percent of its electricity from renewable sources due to its large hydropower capacity. However, according to the World Bank only just over half of Ethiopia’s population has access to electricity. The Ethiopian Electric Utility (EEU) signed a memorandum of […]

China helps Ethiopia with off-grid solar

April 29, 2024 CEN_com 0

Ethiopian utility and Huawei sign MoU to provide solar electricity to communities in off-grid areas Ethiopia, which joined the BRICS group of emerging economies on 1 January 2024, currently generates around 90% percent of its electricity from renewable sources due to its large hydropower capacity. However, according to to World Bank only just over half of Ethiopia’s population has access to electricity. The Ethiopian Electric Utility (EEU) signed a memorandum of […]

West’s new narrative against China: overcapacity

April 28, 2024 CEN_com 0

During her visit to China at the beginning of April, US Treasury Secretary Janet Yellen expressed her concern about an alleged overcapacity in the Asian giant’s new energy sector. In the last few weeks, this idea has been circulating in the Western media, accusing the Chinese government’s subsidies to energy sector companies as “unfair”. The decision to subsidize an industrial sector is a national sovereignty judgement of the country and […]

New anti-China narrative: overcapacity

April 28, 2024 CEN_com 0

During her visit to China at the beginning of April, US Treasury Secretary Janet Yellen expressed her concern about an alleged overcapacity in the Asian giant’s new energy sector. In the last few weeks, this idea has been circulating in the Western media, accusing the Chinese government’s subsidies to energy sector companies as “unfair”. The decision to subsidize an industrial sector is a national sovereignty judgement of the country and […]

BRICS invites Serbia to summit in October

April 26, 2024 CEN_com 0

Various media sources have reported that the BRICS bloc has invited Serbia to its next summit in Russia later this year. Russia holds the BRICS presidency in 2024, with the central event of its presidency being the summit of BRICS leaders in Kazan in October. Serbian President Aleksandar Vučić has stated that he will consider participating in the BRICS summit in Kazan. If Serbia does attend the BRICS summit and […]