Category: Week in Review
WEEK IN REVIEW: The European Union (EU) and the association of Southeast Asian Nations (ASEAN) Will Hold a National Leaders Summit in December for the First Time
The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) will hold a national leaders summit in December for the first time to discuss expanding trade and infrastructure assistance. Relocating some of Europe's supply chains from China to Southeast Asia is widely expected to be a theme ...
WEEK IN REVIEW: Chinese Troops Will Travel to Russia to Participate in Joint Military Exercises
Chinese troops will travel to Russia to participate in joint military exercises from 30 August to 5 September. The Vostok (East) exercises will also include soldiers from Belarus, Mongolia, Tajikistan, and -- notably -- India. (REUTERS) ...
WEEK IN REVIEW: United States Marine General Michael Langley Took Over as the Top U.S. Commander for Africa on Tuesday
United States Marine General Michael Langley took over as the top U.S. commander for Africa on Tuesday, heading U.S. military operations on the continent. General Langley assumed command from Army General Stephen Townsend who was among the U.S. government's most outspoken critics of China's expanding influence in Africa, particularly on ...
WEEK IN REVIEW: China will Remove Import Duties From 98% of Products Imported From 16 Low-Income Countries
China will remove import duties from 98% of products imported from 16 low-income countries from the beginning of September, according to the Ministry of Finance. They include African countries like Togo, Mozambique, Chad, and Rwanda, as well as several Pacific Island states, and Asian developing economies like Cambodia and ...
WEEK IN REVIEW: China’s Belt and Road Financing and Investments Fell in the First Half of the Year
China’s Belt and Road financing and investments fell in the first half of the year, with no new spending in Russia, Sri Lanka, and Egypt, according to a study by the Green Finance & Development Center in Shanghai. Financing and investments were at $28.4 billion in ...
WEEK IN REVIEW: Chinese Foreign Minister Wang Yi Warned That Asian Countries Are at Risk of Becoming “Chess Pieces”
Chinese Foreign Minister Wang Yi warned that Asian countries are at risk of becoming "chess pieces" in the burgeoning geopolitical rivalry with the United States. Instead, he argued to the ASEAN Secretariat on Monday that "the future of our region should be in our own hands." Wang's comments ...
WEEK IN REVIEW: Chinese Foreign Direct Investment in BRI Countries Jumped 10.2% in the First Five Months of the Year
Chinese foreign direct investment in BRI countries jumped 10.2% to $8.2 billion in the first five months of the year, according to new data from the Chinese government. Singapore, Indonesia and Pakistan were among the top FDI destinations in 2022. But the news wasn't so good for Chinese ...
WEEK IN REVIEW: Iran Is the Second Country This Week, After Argentina, to Submit an Application to Join the BRICS Club
Iran is the second country this week, after Argentina, to submit an application to join the BRICS club. The BRICS group is increasingly seen by both Beijing and Moscow as a potential alternative to the Western-led international economic order. Although the BRICS states have agreed to expand their ...
WEEK IN REVIEW: The United States To Re-launch B3W at Next Week’s G7 Conference
The United States will re-launch the Build Back Better World (B3W) initiative at next week's G7 conference with a new program that aims to provide an alternative to Chinese infrastructure financing in the Global South. National Security Advisor Jake Sullivan did not provide many details on the new ...
WEEK IN REVIEW: The First Meeting of the Zambia Creditor Committee to Convene in Paris this Week
The first meeting of the Zambia Creditor Committee, co-chaired by China and France, will convene on Thursday in Paris. IMF officials indicated on Wednesday that if everything proceeds smoothly with restructuring the country's $17.3 billion external debt, a bail-out deal with the fund could be reached by early ...