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

China at the centre of the worldโ€™s politics

The following is reproduced from Think China, 29 Jun 2022. The views expressed are those of the author. Former Singaporean journalist Goh Choon Kang observes that whether it is the discussions at the recently concluded Shangri-La Dialogue or the larger machinations of geopolitics, it cannot be denied that having China in the picture changes many things, and perhaps even provides countries with more strategic options. After a two-year hiatus due to the pandemic, the Shangri-La Dialogue (SLD) was held in Singapore from 10-12 June. From a purely bystandersโ€™ view, it was an exciting event that reiterated the SLDโ€™s role as … Continue reading China at the centre of the worldโ€™s politics

Is the West finally realizing that Russia will win the war in Ukraine?

Source: Monthly Review Online, June 23, 2022. https://mronline.org/2022/06/23/is-the-west-finally-realizing-that-russia-will-win-the-war-in-ukraine/ This article is one in a series of articles written by Mark Rolofsonย covering the US proxy war against Russia in Ukraine.ย  While this civil war in Ukraine actually began 8 years ago in 2014, the Western media narrative has portrayed this conflict as an unprovoked invasion by Russia that began on February 24, 2022.ย  The 8 year civil war in the Donbass Region is a direct result of the US backed coup and color revolution known as theย Maidan Revolution, that ousted the democratically elected President Viktor Yanukovych and installed an ultra-nationalist, anti-Russian, … Continue reading Is the West finally realizing that Russia will win the war in Ukraine?

The United States – the Pacific bully

By Brian Toohey, June 24, 2022. Pearls and Irritations: https://johnmenadue.com/the-united-states-the-pacific-bully/ The US conducted 105 nuclear tests in the Pacific, mainly in the Marshall islands, between 1946 and 1962. Image: Wikipedia The US dominates the Pacific Islands to an extent China can never hope to achieve. With Australiaโ€™s support, the US is now engaged in an arms build-up in its Pacific territories and de-facto colonies in a little known boost to its containment of China. The US has three self-governing territories in the Pacific: Guam, American Samoa and the Northern Mariana Islands. Guam hosts some of the USโ€™s most important bases the … Continue reading The United States – the Pacific bully

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

Chinese debt traps in Africa? No, most African debt owed to Western bondholders: says new research

A joint study by Columbia University (in US) and Oxford University (in UK) refutes claims of Chinese “debt-trap diplomacy” in Africa, and highlights that debt owed to European bondholders is a bigger contributor to debt. In fact: Chinese entities account for only 8% (US$78 billion) of sub-Saharan Africa’s government debt (US$954 billion) and 18% of total external debt, of which โ…“ was owed to bilateral official partners, โ…“ to international financial institutions, and โ…“ in Eurobonds. The study โ€“ by Harry Verhoeven from the Centre on Global Energy Policy at Columbia University, and Nicolas Lippolis from the Department of Politics … Continue reading Chinese debt traps in Africa? No, most African debt owed to Western bondholders: says new research

Building the “New Three Rings”: China’s choice in the face of possible complete decoupling

“Since the beginning of the 2018 US-China trade war, Western countries have sought to decouple from China in terms of economic, technological, and people-to-people exchanges. According to Cheng Yawen, the recent Russian-Ukrainian conflict marks the end of the US-led globalization wave. Facing the possibility of full decoupling by the West in the future, China urgently needs to make a new choice in its diplomatic and strategic priorities to downgrade the importance of Europe and the US and to promote a new international system based on South-South cooperation.” Chinese Voices The following article by Professor Cheng Yawen from the School of … Continue reading Building the “New Three Rings”: China’s choice in the face of possible complete decoupling

Why criticisms of BRI are nothing more than Chinese whispers

Doubts regarding the Belt and Road Initiative are both counterfactual and counterproductive Sholto Byrnes writing in the United Arab Emirates newspaper The National looks at at the nature of the Belt and Road Initiative (BRI), revisiting an August 2020 report by the UK’s leading international affairs think tank Chatham House, titled Debunking the Myth of ‘Debt-trap Diplomacy’. Contrary to Western view, the Belt and Road Initiative is not some form of Chinese “offensive”, much less an insidious instrument of Chinese expansionism. Bashing China has become part of what currently passes for political debate in the US, with Donald Trump regularly accusing Joe Biden either … Continue reading Why criticisms of BRI are nothing more than Chinese whispers

LNG plant blast cripples US gas exports

An explosion in the US state of Texas has knocked out 20% of USA’s l;iquified natural gas (LNG) export capacity for weeks. One of the largest US plants producing liquefied natural gas (LNG) for export has been damaged by an explosion and fire. The incident has forced the Texas Gulf Coast facility to cease operations in a move expected to impact European and Asian markets. โ€œAs a result of todayโ€™s fire, Freeport LNGโ€™s liquefaction facility is currently shut down and will remain shut down for a minimum of three weeks,โ€ the company announced on Wednesday night, providing no further details. Earlier in the … Continue reading LNG plant blast cripples US gas exports