Category: Week in Review
WEEK IN REVIEW: Pakistani Prime Minister Shehbaz Sharif Will Visit China Next Month
Pakistani Prime Minister Shehbaz Sharif will visit China next month in a bid to "restore confidence" following a series of terrorist attacks against Chinese interests in the South Asia country. Sharif will try to reassure officials in Beijing that the development of the $65 billion China-Pakistan Economic Corridor remains ...
WEEK IN REVIEW: Russia Building New Trade Routes to Asia to Circumvent International Sanctions
Russia is building new trade routes to Asia that will circumvent international sanctions by crossing the Arctic and passing through Iran to the Indian Ocean. The new routes will cut transport times to China and India by up to 50% while avoiding dangerous passages like the Red Sea.
WEEK IN REVIEW: Apple Assembled $14 Billion Worth of iPhones in India in Its Last Fiscal Year
Apple assembled $14 billion worth of iPhones in India in its last fiscal year, providing more evidence of the electronics giant's rapid diversification of its supply chain beyond China. The company also hopes improved sales in the Indian market will help offset slumping demand for Apple products in ...
WEEK IN REVIEW: Indonesia’s President-Elect Prabowo Subianto Met With Chinese President Xi Jinping in Beijing
Indonesia's President-elect Prabowo Subianto met with Chinese President Xi Jinping on Monday in Beijing and promised his new government will maintain close ties with Beijing. Prabowo is now in Tokyo for two days where he will deliver a similar message to Prime Minister Fumio Kishida. (ASSOCIATED ...
WEEK IN REVIEW: Chinese Premier Li Qiang Said Beijing Will Assist Sri Lanka in Its Debt Restructuring Process
Chinese Prime Minister Li Qiang provided fresh assurances on Tuesday to his Sri Lankan counterpart Dinesh Gunawardena that Beijing will assist Colombo in its debt restructuring process. Gunawardena is visiting Beijing this week and raised the issue of Sri Lanka's $7.1 billion outstanding loans owed to Chinese creditors.
WEEK IN REVIEW: China to Reportedly Launch International Hunt for Officials Suspected of Corruption in BRI Projects
The Chinese government will reportedly launch an international hunt for officials suspected of corruption in Belt and Road Initiative projects. This will form part of a wider crackdown on corruption in President Xi Jinping’s signature infrastructure and connectivity project. The strike will involve several state agencies and will ...
WEEK IN REVIEW: Philippine President Ferdinand Marcos, Jr. To Meet U.S. Secretary of State Antony Blinken Next Tuesday
Philippine President Ferdinand Marcos, Jr. will meet with U.S. Secretary of State Antony Blinken next Tuesday to discuss the escalating tensions with Beijing in the South China Sea. Separately, a summit with Marcos and the leaders of Japan and the U.S. is in the final planning stage and ...
WEEK IN REVIEW: U.S. Senator Marco Rubio Plans to Introduce Legislation to Sharply Boost Tariffs on Chinese Vehicle Imports
U.S. Senator Marco Rubio said he plans to introduce legislation to extend the current tariffs on Chinese cars to those made in other countries, namely Mexico. "America’s existing tariffs, once effective, are now insufficient to counter China’s newest strategies," Rubio said. (AUTOMOTIVE NEWS)
WEEK IN REVIEW: Tuvalu’s New Government Reaffirmed Its Support for Diplomatic Relations With Taiwan
Tuvalu's new government reaffirmed its support for diplomatic relations with Taiwan instead of switching to China. Prime Minister Feleti Teo's administration released a Statement of Priorities on Wednesday that included a commitment to maintain nearly half-century-old ties with Taiwan. (ASSOCIATED PRESS)
WEEK IN REVIEW: Sino-Australian Joint Venture to Develop Africa’s Largest Mine in Guinea Edges Closer
The Sino-Australian joint venture to develop Africa's largest mine in Guinea edged closer to reality on Wednesday when Rio Tinto's board approved $6.2 billion for the project. Next, a consortium of Chinese partners must get their boards to do the same to build the mine, rail, and port ...
WEEK IN REVIEW: Australia to Call on China to Remove Remaining Economic Sanctions on Imported Australian Products
Australia's Trade Minister Don Farrell said he would call on his Chinese counterpart Wang Wentao to remove all remaining economic sanctions on imported Australian products when they meet later this month. Beijing imposed tariffs on Australian goods in 2020 after Canberra called for an investigation into the origins ...
WEEK IN REVIEW: Iran, Russia and China Will Conduct Joint Naval Exercises in March
Iran, Russia and China will conduct joint naval exercises in March, according to Iran's Navy Commander Rear Admiral Shahram Irani. Details on the specific location of the war games and what other countries have been invited were not announced. The three countries conducted similar drills last year at ...