Tag Archives: China
Chinese Investment in Africa
Chinese President Xi Jingping at the Forum on China-Africa Cooperation, pledges another $60 billion to be used in Africa for development projects within the continent. Xi announced that the money will be used for initiatives including building more infrastructure and giving scholarships to Africans for education. China lent $125 billion to Africa between 2000-2016 (BBC). […]
Source of Ozone-Depleting Gas Found
The Environmental Investigation Agency (EIA) – an independent, international, non-profit advocacy organization based in Washington, D.C. – recently identified China’s foam insulation industry as the source of the reappearance of the ozone-depleting gas, CFC-11 (EIA). The gas made a reappearance in the atmosphere two months ago in May 2018 after decades of steady decline, and […]
Stocks Rise as Prospect of Trade War Diminishes
The United States’ stock market continued to rise on Tuesday as investors grow less fearful of a trade war between the United States and China. The stock market began to rise on Monday when the Treasury and Commerce Departments opened tariff negotiations with the Chinese government. The ongoing market resurgence follows several weeks of falling […]
Venezuelan Government Wins Easier Debt Terms with Russia, China
The Russian and Venezuelan governments signed an agreement on Wednesday confirming a ten-year payment plan for Venezuela’s 3.15 billion dollar debt to Russia (WP). Venezuelan payments to the Russian government will remain nominal during the first six years, allowing for economic stabilization and development, reported the Russian Finance Ministry. A day later, Geng Shuang, the […]
Chinese, Sri Lankan Ministers in Free Trade Talks
On Tuesday, Sri Lankan Foreign Minister Tilak Marapana announced in a Beijing reception that a free trade agreement with the Chinese government is nearing completion (Reuters 1). The reception, at which Marapana praised Chinese support of the Sri Lankan economy, marked the 60th anniversary of diplomatic ties between China and Sri Lanka. This trade agreement […]
North Korean Military Tests Far-Reaching Missile
The North Korean military successfully launched an intercontinental ballistic missile (ICBM) on Tuesday, marking a major advance in the North’s missile program. The missile, confirmed to be an ICBM by a U.S. Defense Department spokeswoman, hit an altitude of about 2,800 km before landing in the sea 930 km away (Yonhap 1; Reuters). Some experts […]