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China Proposes Creation Of Economic Corridor With Russia, Mongolia
China has proposed the creation of an economic corridor that would link Russia, China, and Mongolia, Russian news agencies reported on Thursday. Chinese Foreign Minister Wang Yi proposed the creation of a “new platform” for economic development between the three nations during a meeting in Beijing with his Mongolian counterpart Lundeg Purevsuren. “Setting up a trilateral economic corridor is one … Continue reading
China’s Xi Calls For ‘New Regional Order’ In Asia, Unveils Framework For New Silk Road
Chinese President Xi Jinping called on the world’s nations on Saturday to support Beijing’s ideas for the new Asian Infrastructure Investment Bank (AIIB) and its new “Silk Road” strategy to create a ‘new regional order’ in Asia. In his keynote address at the annual Boao Forum titled “Asia’s New Future: Towards a Community of Common Destiny”on Hainan island … Continue reading
China, Kazakhstan Sign 33 Deals Worth $23 Billion
China and Kazakhstan have signed 33 deals of cooperation worth $23.6 billion on Friday during the Kazakhstan Prime Minister Karim Masimov’s visit to China, Chinese state-run Xinhua news agency reports. The agreements signed by Kazakh Prime Minister Karim Masimov and Chinese Premier Li Keqiang cover cooperation on steel, non-ferrous metals, sheet glass, oil refining, hydropower, and automobile … Continue reading
China To Provide $15 Billion Loan To Ukraine For Housing Construction
China will provide Ukraine with $15 billion in loans over 15 years to help support the construction of affordable housing, the Ukraine’s Ministry of Regional Development said on Thursday. “The Chinese CITIC Construction Co., Ltd is ready to invest $15 billion in Ukraine’s construction market, which will help solve the problem of affordable housing in the … Continue reading
Nigeria: The Dynamics Of An Oil Crisis
By Daniel Djouder The new trend of low oil prices has rapidly escalated, carrying negative effects for producers and positive effects for the economies of importers, though these have been slow to become apparent. In this complex scenario, the oil-dependent country of Nigeria finds itself in a very peculiar position owing to a specific mix of … Continue reading
UK And China Deepen Financial Links: London Launches Europe’s First Yuan-Denominated ETF
The UK has deepened its financial links with China on Wednesday and has become the first country in Europe to launch a yuan-denominated money market fund, which allows investors to gain direct exposure to China’s interbank lending market, Reuters reports. The exchange-traded fund (ETF) from China Construction Bank International — China’s second largest bank — will be domiciled in the … Continue reading
Russia Interested In Integration Of Latin American Associations’ Into The Eurasian Economic Union (EEU)
Russia is interested in Latin American associations’ integration into the Eurasian Economic Union (EEU), Russian Foreign Minister Sergey Lavrov said on Wednesday, TASS news agency reports. “We welcome Columbia’s active role in promoting integration processes in the region, including in the framework of CELAC [Community of Latin American and Caribbean States], UNASUR [Union of South … Continue reading
Russia, Cuba Preparing For “Serious, Large-Scale” Projects In Energy, Aviation
Russia and Cuba are preparing for “serious and large-scale” joint projects in energy and civil aviation sectors, Russian Foreign Minister Sergei Lavrov said on Tuesday following a meeting with Cuba’s President of the State Council Raul Castro, Russian media reports. The two nations are also considering the launch of a “very serious” program to modernize Cuba’s power plants, Lavrov said. “In line with instructions given … Continue reading
As China-Led AIIB Gains Traction, Premier Li Asks IMF For Yuan Inclusion In SDR Basket
Chinese Premier Li Keqiang asked the International Monetary Fund’s (IMF) Managing Director Christine Lagarde on Monday to include China’s yuan in its Special Drawing Rights (SDR) basket, China’s state-run Xinhua news agency reports. According to the report, Premier Li told Lagarde that China would “speed up the basic convertibility of yuan on the capital account and provide more facility for domestic … Continue reading
Emerging Asia Set For “Strong Growth” In 2015, 2016: ADB
Emerging Asia will maintain its strong economic growth in 2015 and 2016, supported by soft commodity prices and recovery in the major industrial economies, a new report from the Asian Development Bank (ADB) says. The ADB’s annual economic report, Asian Development Outlook 2015 (ADO), released on Tuesday, forecasts gross domestic product (GDP) growth in emerging … Continue reading
