"Historians may record March 2015 as the moment when China's checkbook diplomacy came of age," said Paul Taylor and William James at Reuters. Beijing has spent several years trying to persuade Western nations to join its Asian Infrastructure Investment Bank (AIIB), which will soon open its doors and begin handing out billions of dollars in development loans to fund roads, ports, water and sanitation systems, and telecom projects across Asia.

BING NEWS:
  • China's true military spending in 2022 was likely worth $711 billion, or 'nearly equal' to the US military budget that year: US think tank
    A new report says China's $229 billion military budget in 2022 was actually equivalent to $711 billion. A similar figure was touted by lawmakers last year when they cited US intelligence estimates.
    05/2/2024 - 8:27 pm | View Link
  • Why Xi Jinping is afraid to unleash China’s consumers
    The raid, the latest in a series of trade-related investigations by the ... Ideology and geopolitics also play roles. For Xi, China’s most powerful leader since Mao Zedong, the greater the control his ...
    04/30/2024 - 1:00 pm | View Link
  • China’s top leaders hint at property support, rate cuts
    Such events have become more important since Xi shifted more economic decision-making out of government bodies and into party groups during his campaign to consolidate power. This month’s ...
    04/30/2024 - 10:03 am | View Link
  • U.S. chip bans not meant to hobble China's growth, Blinken says
    But U.S. officials have granted at least two U.S. companies – Intel and Qualcomm – licenses to keep shipping chips to Huawei, which is using an Intel chip to power a new laptop model.
    04/27/2024 - 2:06 am | View Link
  • Analysis-China's EV survival game creates peril
    BEIJING (Reuters) - By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the ...
    04/23/2024 - 2:45 pm | View Link
  • More

 

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Welcome to Wopular

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