Author: CGSP Staff
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China’s Middle East Envoy Meets Palestinian, Israeli, Emirati Leaders
Zhai Jun, China’s special envoy to the Middle East, met with Palestinian and Israeli leaders as part of a wider trip to the region. He met with Palestinian Authority President Mahmoud Abbas and Eden Bar-Tal, the Israeli foreign ministry’s director general. Zhai reportedly expressed support for the recently ...
Bank Boosts African Trade Hub
Shanghai Pudong Development Bank opened its first account to handle cross-border settlements for an African consulate. The bank’s branch in Changsha opened the account for the Malawian consulate in Hunan Province. WHY IS THIS IMPORTANT? The Chinese government has designated Hunan as ...
China, Sri Lanka to Fast-Track Hambantota Refinery
China’s state-owned oil company Sinopec signed an agreement with the Sri Lankan government to accelerate the building of a $3.7 billion oil refinery in the port city of Hambantota. The agreement includes fast-tracking unresolved issues around water access, land allocation, and taxes. The deal will be the largest single ...
China Considering New Loan Terms for Bangladesh: Media
The Bangladeshi media is reporting that China has “agreed in principle” to extend the repayment period of a loan from 20 to 30 years. This follows a meeting between Bangladesh’s Foreign Adviser, Touhid Hossain, and Foreign Minister Wang Yi on Tuesday. Bangladesh ...
China, Myanmar, and Thailand Agree to Tackle Cross-Border Scam Centers
Officials from China, Thailand, and Myanmar agreed jointly to target a notorious telecom scam hub in the Burmese city of Myawaddy, reports China’s state media. Officials from Cambodia, Vietnam, and Laos also attended the meeting in Kunming, Yunnan province. The initiative aims to use the Lancang-Mekong cross-border law ...
China-Brokered Ceasefire in Myanmar
China’s Foreign Ministry announced a ceasefire agreement between Myanmar’s ruling military junta and the Myanmar National Democratic Alliance Army (MNDAA) on Monday. The agreement triggered a cessation of fighting from Saturday. The MNDAA is part of the Three Brotherhood Alliance of ...
WEEK IN REVIEW: China Has Announced Plans to Build a Giant Solar Power Space Station
U.S. President Joe Biden will have a trilateral telephone call with Japanese Prime Minister Shigeru Ishiba and Philippines President Ferdinand Marcos, Jr. on Monday morning. The trio are widely expected to discuss closer cooperation in responding to Beijing's territorial claims in the South China Sea.
New Polling Shows Shifting World Ahead of Trump Inauguration
Interesting North/South splits are emerging ahead of Donald Trump’s inauguration as U.S. President on Monday. New polling data from the European Council on Foreign Relations shows that while key Global South publics like Saudi Arabia and India think Trump’s return will benefit both their own countries and the ...
Has China Started Patrolling the Nine Dash Line?
Amid complaints from Philippine authorities that a large Chinese Coast Guard vessel has repeatedly entered their exclusive economic zone (EEZ,) rumors are circulating that Chinese forces may have started patrolling parts of the so-called Nine Dash Line. China uses the line to demarcate what it claims as its historical ...
China’s Global Trade Surplus Spikes Amid Boom in Exports
China’s trade surplus with the world last year almost equaled $1 trillion. Trade numbers announced on Monday show that exports rose 10.7%, outpacing predictions. This record high means that Chinese manufacturing is ruling global manufacturing on a scale not seen since the U.S.’ central role at the end of ...
WEEK IN REVIEW: TikTok Will Set Up an E-commerce Operation in Mexico
Outgoing U.S. National Security Adviser Jake Sullivan arrived in New Delhi on Monday for two days of talks with senior officials, including his Indian counterpart Ajit Doval. The White House indicated on Friday that Sullivan plans to discuss India's concerns about China's proposed new mega-dam in Tibet.
BYD’s Labor Scandal in Brazil Widens
A partner company to the Chinese auto giant BYD reportedly used irregular visas to bring hundreds of Chinese workers to build a factory in Brazil. It is the latest revelation from an ongoing labor scandal following authorities’ discovery of 163 workers for the contractor Jinjiang working in “slavery-like ...