Country: China
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Chinese Firms Win Most Bids to Explore Iraq Oil and Gas
Chinese energy companies won bids to explore 10 Iraqi oil and gas fields during new licensing rounds, ahead of any other foreign country, Iraq's oil ministry said Monday. Seven Chinese companies, including Sinopec, UEG, CNOOC Iraq, and Anton Oilfield, won 10 ...
Chinese, Filipino Ships Poised for Major South China Sea Confrontation
Four China Coast Guard ships backed by 26 maritime militia vessels are heading toward the disputed Scarborough Shoal to block an estimated one hundred Philippine civilians from completing a resupply mission for compatriot fishers. The volunteers are scheduled to arrive at the ...
Chinese Oil Shipments Caught in the Middle of Niger-Benin Trade Feud
Thousands of barrels of Nigerien oil should be flowing daily through a new 1,900km pipeline to the Port of Seme in neighboring Benin, from where it would be transported to China. But the pipeline is dry as the two West African ...
Ethiopia, Djibouti Take Over Management of Ethio-Djibouti Railway From Chinese Company
The Chinese state-owned construction company that built the 752km Ethiopia-Djibouti railway formally turned over control of the railway to the two host governments. The handover took place on Friday at a ceremony in the Ethiopian capital Addis Ababa, where officials ...
New Chinese Ambassadors Arrive in Key Posts Amid Major Personnel Changes
Xu Feihong, the newly-named Chinese envoy to India, arrived in New Delhi on Friday, where he will take up a post that's been empty for almost a year and a half. It may take some time before Xu formally assumes his ...
China Says ‘Issued a Warning’ to U.S. Navy Ship in South China Sea
Beijing's military on Friday said it had tailed and issued a warning to a U.S. Navy ship in the disputed South China Sea, just days after the same vessel sparked China's ire by sailing through the Taiwan Strait. Beijing claims almost ...
Philippines Defense Chief Says Military Must Evolve Fast
The Philippine military must evolve fast because of threats to a "free and open" Asia-Pacific region, Defense Secretary Gilberto Teodoro said Friday at the end of annual exercises with the United States. Teodoro, whose comments were made amid a festering maritime ...
WEEK IN REVIEW: Japanese Prime Minister Fumio Kishida Implicitly Accused Beijing of Setting “Debt Traps
Japanese Prime Minister Fumio Kishida took aim at Chinese development financing in developing countries, implicitly accusing Beijing of setting "debt traps." Kishida made the remarks in Brazil on Saturday during a South American tour that is widely seen as an effort to challenge Beijing's growing influence in the ...
The Infrastructure Cold War
This week, the U.S. House Foreign Affairs Committee heard testimony about foreign investments channeled by the Development Finance Corporation (DFC), an agency founded in the late Trump era and key to the implementation of the Partnership for Global Infrastructure and Investment (PGII), the Biden administration’s global infrastructure rollout ...
Franco-Chinese Joint Statement Reflects Subtle, Yet Important Shifts in Beijing’s Stance on the Israel-Hamas War
France and China published a joint statement this week on "the situation in the Middle East" that contained a number of important policy shifts in Beijing's approach to the ongoing war between Israel and Hamas in the Gaza Strip. Since ...
China Issues Draft Guidelines to Rein in Lithium Battery Industry
China has released draft guidelines aimed at reining in the country's lithium battery industry, which has been in Western crosshairs over fears subsidized overproduction could flood global markets with cut-price exports. Lithium-ion batteries are a form of rechargeable energy storage used ...
Chinese Mobile Phone Giant Transsion Delivered Outstanding Financial Results, But Investors Still Ditched the Stock. Why?
Transsion, the world's fourth largest phone company that dominates the device market across large swathes of the Global South, shed a stunning $2 billion of its market cap in a single day last month after investors dumped the company's stock en masse. What's ...