China proposes 6 programs with Mekong-basin countries

China on Monday 4 July 2022 proposed six programs which will benefit the Lancang-Mekong countries aside from China, namely Cambodia, Laos, Myanmar, Thailand and Vietnam, including cooperation plans in agriculture, water resources, digital economy, aerospace, education, and public health, as Chinese State Councilor and Foreign Minister Wang Yi chaired the Lancang-Mekong Cooperation Foreign Ministers’ Meeting (LMC) in Bagan, Myanmar. The meeting came after the US’ high-profile launch of the Indo-Pacific Economic Framework (IPEF), seen by experts as an empty move that lacks sustainability and substance, which is in stark contrast to the pragmatic LMC cooperation mechanism that has borne fruitful … Continue reading China proposes 6 programs with Mekong-basin countries

China’s Belt & Road Initiative, the BRICS New Development Bank, and the failure of the G7 to deliver

๐—•๐—ฟ๐—ถ๐—ฒ๐—ณ๐—ถ๐—ป๐—ด ๐—ฏ๐˜† ๐—ฅ๐˜‚๐˜€๐˜€๐—ถ๐—ฎ๐—ป ๐—™๐—ฒ๐—ฑ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—™๐—ผ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป ๐— ๐—ถ๐—ป๐—ถ๐˜€๐˜๐—ฟ๐˜† ๐—ฆ๐—ฝ๐—ผ๐—ธ๐—ฒ๐˜€๐˜„๐—ผ๐—บ๐—ฎ๐—ป ๐— ๐—ฎ๐—ฟ๐—ถ๐—ฎ ๐—ญ๐—ฎ๐—ธ๐—ต๐—ฎ๐—ฟ๐—ผ๐˜ƒ๐—ฎ ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง: Two of the BRICS member states were invited to the G7 summit as guests. What does in mean for our interests? Does it mean that the West is beginning to … Continue reading China’s Belt & Road Initiative, the BRICS New Development Bank, and the failure of the G7 to deliver

South-South cooperation: China helps 38 developing countries vulnerable to climate change to face challenges of green transition

China takes concrete action to tackle global warming through cooperation. The past two months have seen China taking a series of concrete actions to enhance South-South climate cooperation, namely projects among developing nations. Small island states, which are particularly vulnerable to global warming, are among China’s major concerns. China has reached 43 agreements with 38 countries on South-South climate cooperation, according to a recent article by the ministry’s Party chief Sun Jinlong in the magazine Contemporary World. Aside from allocating 1.2 billion yuan ($178 million) for such cooperation, Sun said, China has offered training programs to about 2,000 officials and … Continue reading South-South cooperation: China helps 38 developing countries vulnerable to climate change to face challenges of green transition

BRICS to expand green energy, digital cooperation in bid to boost sustainable development

Closer ties among developing nations help tackle global issues: expert BRICS countries will strengthen cooperation in a wide range of fields, including the digital economy, energy and the green economy, according to the BRICS Summit Beijing Declaration released on 23 June 2022, which reaffirmed the commitment to tackling climate change and fostering sustainable growth. In an initiative released at the BRICS Business Forum 2022 on Wednesday night, the BRICS business community also pledged to expand cooperation in green energy and the digital economy. In a clear sign of BRICS’ expanding ties with other emerging market economies and developing nations, an … Continue reading BRICS to expand green energy, digital cooperation in bid to boost sustainable development

Inner Mongolia: China’s first 1000 MW grade onshore wind power project starts operating

A giant onshore wind power project with a generation capacity of one million kilowatts (1000 MW) was put into operation after being connected to the national power grid for electric power supply in the Xing’an League of north China’s Inner Mongolia Autonomous Region on Wednesday 29 June 2022. Built by the China General Nuclear Power Group (CGN), the first 1 million-kilowatt project, which is a mountainous wind farm, is capable of generating more than three billion kWh on-grid electricity annually. It can save more than 920,000 tonnes of standard coal and reduce nearly 2.5 million tonnes of carbon dioxide emissions … Continue reading Inner Mongolia: China’s first 1000 MW grade onshore wind power project starts operating

China completes construction of Zimbabwe’s new parliament building

Source: Xinhua, 2022-06-30. Gretinah Machingura, Tafara Mugwara     Zimbabwe’s new parliament building, constructed and fully funded by China as a gift to the southern African country, is now complete and ready for occupation. It took 42 months to complete the … Continue reading China completes construction of Zimbabwe’s new parliament building

The West sabotages Bonn climate talks – Global South betrayed yet again on ‘historical responsibility’

Let us not forget that global climate change is a problem largely created by the West through its carbon-intensivbe industrialisation over the past two centuries. At a time when the collective West is channeling hundreds of billions of dollars into Europe to prolong a futile war, it has once again done everything it can to back off from its commitments to the developing world to deliver $300 billion a year by 2030, and $500 billion by 2050. This is funding promised for developing countries to adapt to increased floods, droughts, heatwaves and other extreme weather directly caused by climate change. … Continue reading The West sabotages Bonn climate talks – Global South betrayed yet again on ‘historical responsibility’

Argentina and Iran to join BRICS

Iran and Argentina seek to join the Brazil-Russia-India-China-South Africa economic bloc known as BRICS. In 2022 the GDP Purchasing Power Parity (PPP) of the 5 existing members of BRICS is greater than that of the G7 bloc. Argentina has applied to join BRICS. President Alberto Fernandez on Friday urged the creation of cooperation mechanisms that could represent the alternative to ostensibly private institutions run by โ€“ and in the interest of โ€“ the West. The Islamic Republic of Iran has also officially submitted its application to join the group of five leading economies made up of Brazil, Russia, India, China, … Continue reading Argentina and Iran to join BRICS

Cuban International Renewable Energy Fair

Cubaโ€™s energy minister says the countryโ€™s long-term goal is to generate 100 percent of its electricity from renewable sources. The second International Renewable Energy Fair, was held on June 22 to 24 at the Pabexpo fairgrounds in the Cuban capital, Havana, and featured the participation of important institutions and foreign companies from 29 countries. The event sought to promote foreign investment emphasizing solar energy and biomass and their efficient use in the local development and residential sectors for the gradual transition of Cuba towards an energy matrix based on renewable energies, for which foreign and national investors will be presented … Continue reading Cuban International Renewable Energy Fair

Indonesia and China have a rapidly growing ties

China’s growing role in Indonesia’s economy is now becoming a crucial source of growth for the two nations. China has emerged as the third largest source of investment in Indonsesia, just behind Singapore and Hong Kong SAR. The combined Hong Kong and Chinese mainland investments accounted for 25 % of the total overesas invbestment in Indonesia in 2021. This only behind Singapore which accounts for 30.2 % of overesas investment, and far above Japan at 7.3 % and the USA at 8.2 %. The rapid growth in Chinese investment is a recent phenomena which only took off in the period … Continue reading Indonesia and China have a rapidly growing ties