The new $3.5 billion Chancay megaport in Peru, built by China under the Belt and Road Initiative (BRI), is set to boost trade between South America and China, changing regional economic dynamics and raising concerns in the United States. The $3.5 billion deep-water port in Chancay, Peru, mainly owned by China’s Cosco Shipping, is causing concern in the U.S. The port, part of China’s BRI, aims to establish direct shipping […]
Green technological progress is crucial for environmental protection and economic growth in China. Over the past decades, China has made huge progress in this arena which exerts far-reaching consequences for its economic and social development. In a distinct move away from high-speed growth and economic volume, China’s leadership is intent on enhancing the quality and ecological sustainability of economic development and improving the well-being of the people. China is moving […]
On May 29, 2024 Georgian Minister of Economy and Sustainable Development Levan Davitashvili announced that a Chinese-Singaporean consortium had won the tender for the construction of the Anaklia deep-sea port in Georgia on the Black Sea. The consortium includes China Communication Construction Company and China Harbor Investment, with China Road and Bridge Corporation and Qingdao Port International as subcontractors. The decision underscores the Georgian government’s turn from the West toward China after […]
The BRICS group of nations has slowed down the accession of new membership in the group – it has voted to temporarily suspend new membership applications and focus on integrating the countries which have joined most recently. Russian Foreign Minister Sergey Lavrov announced this decision in Minsk on June 25, 2024. Lavrov said that the Group of Ten BRICS members had decided to “take a break with the accession of new […]
In the rapidly evolving landscape of global automotive technology, Chinese charging stations have become a cornerstone of the international charging infrastructure, mirroring the country’s burgeoning prowess in new energy vehicles (NEVs). Recently, a representative from a leading Chinese charging station company announced a significant surge in exports, with figures climbing from 30,000 units in 2021 to an impressive 150,000 units in 2023. This growth is indicative of the global demand […]
Malaysia joins Thailand as south east Asian nations seeking entry into the BRICS bloc in 2024. Over the last several years, the BRICS alliance has increased its influence in global geopolitics. It has sought to use this expanded influence and de-dollarization to reshape global finance. Moreover, it has continually sought to implement a multipolar world that embraces greater participation and competition. That is set to be enhanced by its growth […]
The world will invest $2 trillion in clean energy this year, according to a new report from the International Energy Agency (IEA). This is roughly double the amount being put towards fossil fuels, the agency said. China is putting 3.7 times more money into clean energy than it is investing in fossil fuels. The world is still off track for the goal of tripling renewables by 2030, said another new […]
Image: Shanghai inundation at 4C sea level rise ASIA MOST AFFECTED According to a report released in Hong Kong on May 21, 2024 by China Water Risk (CWR) instead of providing energy security, global oil supply chains are increasingly threatened by rising sea levels. The report warns that the entire oil supply chain is in for a crude awakening as almost two-thirds of oil produced globally is shipped by oil tankers. […]
Joint statement between the People’s Republic of China and the Russian Federation on deepening their comprehensive strategic partnership of coordination for a new era. At the invitation of President Xi Jinping of the People’s Republic of China, President Vladimir Putin of the Russian Federation conducted a state visit to the People’s Republic of China from May 16 to 17, 2024. The presidents of China and Russia signed a joint statement […]
US ATTEMPTS TO RESTRICT CHINESE GREEN TECHNOLOGY China dumps record $53.3 billion of US treasury and agency bonds in the first quarter of 2024. The news of the largest ever Chinese sell-off of US dollar assets emerged following three recent key events: Over time China has significantly reduced its stake in the US treasury market, which was 14% in 2011 but had dropped to 3% by the end of 2023, […]
Copyright © 2025 | WordPress Theme by MH Themes