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Russia requires ‘payment in rubles only’ for energy exports to Europe

March 24, 2022 CEN_com 0

Russia plans to abandon all “compromised” currencies in gas payment settlements, it was announced on yesterday (23 March 2022). This followed what Russia said was illegitimate decisions by a number of Western countries to freeze Russia’s assets, which had destroyed all confidence in those “compromised” Western currencies. As a consequence, in future “unfriendly countries” will have to pay for Russian gas in Rubles. Russia’s Finance Minister Anton Siluanov said this month that Russia […]

Groundwater levels around Beijing rise 9.64 meters in 6 years

March 23, 2022 CEN_com 0

The ecological restoration of Beijing’s rivers and lakes, combined with efforts at water conservation, have resulted in a significant rise in the groundwater level, the Beijing Water Authority said Monday. As of 2021, the groundwater depth in the plain area of Beijing had risen by 9.64 meters over a six-year period, the authority said. Meanwhile, the over-exploitation area in the Chinese capital decreased by 82 percent compared with 2015. Pan […]

China’s High-Speed Rail Network: Unstoppable Growth

March 23, 2022 CEN_com 0

CHINA’s railway network now exceeds 150,000km following the opening of several new lines at the end of 2021, including various high-speed lines, taking the length of the high-speed network to more than 40,000km. Two-thirds of the total high speed rail network in the entire world is in China. According to China Railway (CR), China spent Yuan 748.9bn ($US 117.43bn) on investment in railway fixed assets in 2021, putting 4208km of […]

Ukraine war: Where are the peacemakers?

March 23, 2022 CEN_com 0

From the Straits Times, March 19, 2022.By Kishore Mahbubani, Professor at the National University of Singapore (NUS) and the author of ‘Has the West Lost It?’ Could we have predicted this war in Ukraine? And could we have prevented it? The simple answer to both these questions is yes. The Russian invasion of Ukraine is illegal and has to be condemned by the international community. And it has been condemned. As […]

Phnom Pen: China funds and builds modern hospital for Cambodia

March 23, 2022 CEN_com 0

Cambodia inaugurated a China-aided modern medical building on 21 March 2022 at the Cambodia-China Friendship Preah Kossamak Hospital in the capital Phnom Penh. Cambodian Prime Minister Samdech Techo Hun Sen and Chinese Ambassador to Cambodia Wang Wentian presided over the inauguration ceremony, which was attended by approximately 1,000 people. The 11-storey building, which includes a helipad on its roof, has 400 beds and is equipped with high-tech medical equipment. Hun […]

China’s highest-altitude mega hydropower station is fully operational

March 23, 2022 CEN_com 0

China’s highest-altitude mega hydropower station, Lianghekou plant, went fully operational on 18 March 2022 in Sichuan Province, contributing significantly to the development of clean energy as well as setting nine world records in hydropower station construction. The project is being developed by Yalong River Basin Hydropower Development Company with a total estimated investment of $10.8 billion USD. Built at an average altitude about 3,000 meters with a total installed capacity […]

The global energy landscape behind the Russia-Ukraine war

March 22, 2022 CEN_com 0

Context As the recent Russia-Ukraine conflict continues to heat up, the world energy market is experiencing huge tensions. The author points out the stark reality of the global energy landscape behind the war and the urgency for developing countries to build a united community in order to address the issues of global energy equity and justice and the race for influence in the sector. Key Points Within the previous global […]

How China became the world’s largest contributor to forest growth

March 22, 2022 CEN_com 0

Context China’s rapid economic development has been accompanied by environmental problems that have been the subject of much criticism. On March 12, the 44th Arbor Day in China, Liu Min and Hu Angang used detailed data to show the lesser well-known achievements of China’s forestry industry and the reasons that drove them. Key points From 1990 to 2016, the world’s forest area and carbon sink – the ability of forests to […]

Hungary-Serbia railway section opened: a Balkans Belt and Road Initiative

March 21, 2022 CEN_com 0

The Belgrade-Novi Sad section of the 350-km Belgrade-Budapest railway was inaugurated on Saturday in Serbia’s Novi Sad. Once finished, trains will run at a speed up to 200 km/h between Belgrade and Budapest, bringing the Balkans closer to central Europe. China is financing parts of a high-speed train route from Budapest, through Serbia and North Macedonia to the Greek port of Piraeus. A section of the Chinese-built Hungary-Serbia railway opened […]

New independent financial and monetary system to bypass $USD transactions?

March 21, 2022 CEN_com 0

The Russia-led Eurasia Economic Union has just agreed with China to design the mechanism for an independent financial and monetary system that will by pass US dollar transactions. Say hello to Russian gold and Chinese petroyuan The following article by Pepe Escobar is reproduced from The Cradle, March 15 2022. _______________________________ It was a long time coming, but finally some key lineaments of the multipolar world’s new foundations are being revealed. On […]