Gwadar port in southern Pakistan recently began handling cargo bound for Afghanistan. While undoubtedly a positive development for the $50 billion China-Pakistan Economic Corridor, experts say the economic sustainability of the Chinese-managed port remains far from certain.
Salih added that „Iraq attaches great importance to developing relations with China.“
He said that „Iraq is willing to continuously strengthen exchanges at all levels, deepen the strategic integration of each other’s development strategies, enhance strategic cooperation under the framework of the Belt and Road Initiative and promote the new strategic partnership between Iraq and China,“ according to the statement.
Conte told parliament that a Memorandum of Understanding to be signed with President Xi Jinping hooking Italy up to China’s Belt and Road infrastructure initiative “do not remotely put into doubt our euro-Atlantic alliance”.
Liu made the appeal at a dinner hosted by Britain’s 48 Group Club and the China Chamber of Commerce in Britain. He said that in recent years, financial cooperation between China and Britain has enjoyed strong growth.
The Maldives is among a number of small countries where China has invested billions of dollars building highways and housing as part of its Belt and Road Initiative. Through that initiative, Beijing hopes to improve trade and investment flows with much of Asia and parts of the rest of the world.
Twenty-four hours after the meeting between the Chinese president and the Pacific leaders, U.S. Vice President Mike Pence told the 2018 APEC CEO Summit in Port Moresby that America does not want countries in the Indo-Pacific region to fall into the Chinese debt diplomacy, and instead choose U.S. development financing.
“We don’t drown our partners in a sea of debt. We don’t coerce or compromise your independence. We do not offer a constricting belt or a one-way road,” he said, before announcing that the U.S. will partner with Australia and P.N.G. to build a naval base on Manus Island IN P.N.G.
China-India cooperation is also in line with each nation’s international strategy. The change in the international landscape has motivated developing countries to engage in multilateral cooperation and seek more say when it comes to protecting their own interests. China and India are both in favor of free trade. Down the road, they will need better coordination and more support from each other on issues such as the multilateral trade system and WTO reform.
Cooperation between China and Tajikistan continues to rapidly develop and score results under the framework of the Belt and Road Initiative, Chinese Ambassador to Tajikistan Yue Bin said.(…)
Tajikistan is the first country in the world to have signed a memorandum with China on building the Silk Road Economic Belt, and Dushanbe pledged to strengthen the synergy between its national development strategy that centers around industrial development and the China-proposed initiative.
The Minister of External Affairs, Sushma Swaraj has made it clear that India only follows UN sanctions and does not recognize the unilateral sanctions by the United States.(…)
The push for a waiver by the U.S. Secretary of State might be a face-saving grace as America’s reliability as a global power and the unpredictable nature of the current U.S. administration is questioned.(…)
Prime Minister Modi’s visit to Russia and Mrs. Swaraj meeting with her counterpart from Iran is not necessarily a shift but adhering to India’s unequivocal stand on not relenting to these unilateral sanctions directly or indirectly.
The Port of Bizerte is now caught in the middle of an ongoing US/China rivalry, with President Donald Trump reasserting US geopolitical leadership against Chinese President Xi Jinping’s aggressive Belt and Road Initiative, which has seen China expand to strategically sensitive areas such as Djibouti on the Horn of Africa and the Port of Piraeus in Nato member Greece.
The strengthening of what should be viewed as the Putin-Xi era could not but render Western liberals – and neoliberals – absolutely livid.
Capitalist interests have always believed their own propaganda narrative, which directly links capitalist expansion with the inevitable spread of democracy.
Critical thinking is, at last, debunking it as a grand illusion.