Italy has approved measures to limit the control of a Chinese state-owned shareholder over the Italian tiremaker Pirelli, citing reasons of national security. Rome’s decision comes after Sinochem, Pirelli’s largest shareholder with a 37 percent stake, notified the Italian government in March of plans to update an existing shareholder pact with Camfin, which is controlled…
Italy Restricts Chinese Company’s Sway Over Major Italian Manufacturer
June 17, 2023
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Taliban Agrees With China, Pakistan to Bring Belt and Road Initiative to Afghanistan
The Taliban has agreed to extend China’s Belt and Road Initiative (BRI) projects to Afghanistan and pledged to deepen trilateral cooperation with China and Pakistan to achieve “win-win results.” Chinese Foreign Minister Qin Gang held talks with his Pakistani counterpart, Bilawal Bhutto Zardari, and Afghanistan’s acting foreign minister Amir Khan Muttaqi in Pakistan’s Islamabad on…
Chinese Yuan Far From Dethroning US Dollar as Global Reserve Currency, Expert Says
April 5, 2023
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Although Brazil and China reached an agreement to conduct trade in their own currencies rather than the U.S. dollar, the Chinese yuan is far from becoming a global reserve currency, according to Milton Ezrati, chief economist at Vested, a New York-based communications firm. Beijing hails the agreement as a step toward global de-dollarization and an…
China’s Iran-Saudi Deal a Tool to Avoid Any Wave of Democratic Regime Change: Experts
March 30, 2023
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Belt and Road Initiative (BRI)ChinadealEbrahim RaisiGeo-economicsIranIran–Saudi Arabia relationsMiddle EastMohammad Bin SalmanNational SecurityPolicies & ImpactsSaudi ArabiaSaudi Arabia-IranUSWorld
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China’s brokering a deal between arch rivals Iran and Saudi Arabia on March 10 was the result of converging economic interests, according to experts on the Middle East. The deal also helps each of the totalitarian nations to avoid any potential wave of democratic regime change. “China, diplomatically, has always been at ease with unrepresentative,…
As This Latin American Country Falls Apart, China Looks on Anxiously
Commentary On first inspection, Peru and China, 11,000 miles apart, appear to have very little in common. However, the two countries share a very close history. As the academic Justina Hwang has noted, in the space of 25 years, between 1849 and 1874, more than 100,000 unskilled workers, many of them from China, arrived in…
Chinese Courier Companies Face Fierce Competition Amid Intrusion Into Southeast Asia
November 24, 2022
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In the past two years, Chinese shipping and logistics companies have actively been expanding into overseas markets, with the most intense competition being into Southeast Asia. YTO Express, a leading private courier in China, recently announced plans for further expansion abroad at the recent China International Import Expo (CIIE), an annual trade fair held in…
Is China’s New Silk Road Just Another Elaborate Scam?
Commentary China on Nov. 6 kicked off the 2022 United Nations Climate Change Conference (COP27) in Sharm El Sheikh, Egypt, by calling on the world to provide aid to poorer nations. The idea of China, the world’s most notorious emitter, lecturing world leaders stinks of hypocrisy. Alas, this is China we are discussing, a country ruled…
Strategic Intent: China Pushes to Commercialize In-House BeiDou Satellite System
October 13, 2022
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The Chinese mapping service application Baidu Maps now prioritizes the use of China’s in-house BeiDou Navigation Satellite System (BDS) over the U.S.-operated Global Positioning System (GPS). Analysts believe the move would allow the Chinese Communist Party (CCP) to expand the reach and use of its in-house satellite navigation system to more countries. According to Chinese media…
China’s Belt and Road Investment Is Losing Steam
September 28, 2022
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News Analysis The Chinese economy is flagging while Belt and Road Initiative (BRI) countries deal with debt and inflation. In the first half of 2022, China’s overall BRI investment slowed, with zero money flowing into Russia. Launched in 2013, the BRI (also known as “One Belt, One Road”) is Chinese leader Xi Jinping’s plan to expand…
Malaysians Rescued From Human Traffickers in Cambodia, Many Still Remain Missing
September 11, 2022
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Twenty-four Malaysians—victims of human trafficking—were rescued from Cambodia and brought back to their homes on Friday, but authorities say many are still missing, having fallen for scam networks often run by transnational organized crime groups. According to Malaysia’s foreign minister, Saifuddin Abdullah, 118 Malaysians have been rescued from the total captive of 148 citizens. Twenty-nine…
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