Day: June 7, 2023
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Awkward Timing as Italy Withdraws from BRI
Italy has announced its formal withdrawal from the Belt and Road Initiative after joining the China-centered infrastructure and investment project in 2019. The timing of the announcement that Rome won't renew its BRI commitment is notable. It came only a day before the ...
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Top U.S. and Chinese Diplomats Talk Israel-Hamar War, Bilateral Ties
Chinese Foreign Minister Wang Yi and U.S. Secretary of State Antony Blinken discussed ways to prevent the Israel-Hamas conflict in Gaza from spreading and agreed to build on recent progress in bilateral ties. “The top priority is to cease fire and to ...
G7 Virtual Meeting With Zelensky Turns Focus to Beijing and South China Sea
The G7 on Wednesday issued a clear warning against China’s military buildup in the South China Sea and stressed that member countries will divest and diversify from China when needed to keep their economies healthy. The wars in Ukraine and the Middle ...
China Hasn’t Used Economic Coercion Even As Philippines Ramped Up South China Sea Strategy: Analyst
Concerns that China might use economic coercion against the Philippines, particularly as Manila ramps up its strategy of showcasing Chinese “aggression” in the South China Sea, have not been borne out, a noted analyst on the issue said. The Philippines’ strategy ...
Vietnam’s Biggest Export Market U.S., Import Source China
The U.S. was Vietnam’s biggest export market in the first 11 months of 2023 at $88 billion, down 13% year-on-year. China was second at $56 billion. Meanwhile, China was Vietnam’s largest import market at $100 billion, followed by South Korea at ...
Nicholas Burns. Image - Harvard University
Former U.S. ambassador to China, Nicholas Burns, on Saturday delivered the opening address at the Harvard College China Forum, where he presented the case for deeper engagement between the two major powers. The speech would have been great if it were 2015. ...
Southeast Asia’s Climate Goals Are Ultimately Economic Goals: U.S. Vows to Help, But China Delivers
Two weeks ago, Indonesian President Joko “Jokowi” Widodo and his ministers received a visit from the U.S.-ASEAN Business Council (U.S.-ABC). Green industries — particularly electric vehicles — were at the top of Indonesia’s talking points. “How can Indonesia get facilities to ...
Maritime Tensions Surge in Western Pacific Amid Drills and Provocations by Some of the World’s Largest Navies
The South Korean Air Force scrambled fighter jets on Tuesday after two squadrons of Russian and Chinese military aircraft entered its air defense zone, the latest incursion across another country's international boundary by rival militaries operating in very close proximity in the Western Pacific.
China Opens New Embassy in Honduras as Part of a Flurry of Diplomatic Activity Between the Two Countries This Week
The Chargé d'Affaires for China's new embassy in Honduras, Yu Bo, unveiled the plaque that will be posted outside of the mission during a ceremony this week in Tegucigalpa. Monday's ceremony capped a frantic series of back-to-back announcements that included the ...
Ministry of Commerce Blasts U.S. For Sanctions Against Chinese Companies Allegedly Involved in the Mexican Fentanyl Trade
China's powerful Ministry of Commerce denounced the United States for sanctioning 17 Chinese and Mexican companies and individuals last week for their alleged involvement in the fentanyl trade. The Ministry said on Tuesday the U.S. "disregarded facts " and accused Washington ...
Trend to Watch: More Hunan Cities Launch Commercial Diplomacy Initiatives in Africa
Representatives from 50 African countries are expected to participate in the upcoming China-Africa Trade Expo that will take place for the third time in the central Chinese province of Hunan beginning on June 29th. The expo serves as an important showcase for ...
Why African Immigrants Won’t Help Offset China’s Declining Population
China, like other large northeast Asian industrial economies, is facing a rapidly declining population that threatens its long-term economic growth. The fundamental problem is that there aren't enough younger working-age people to support a ballooning population of retirees who often require ...
If You Lead a Developing Country and Want to Borrow Money From China, Then Listen to This Podcast
The days of China easily handing out billions of dollars to build infrastructure in developing countries around the world are now over. The Chinese can't afford it anymore and many of the borrowing countries just don't have the capacity to take ...