Chinese Communist Party leader Xi Jinping’s tour of the Spanish-speaking world continued on Friday with his arrival in Argentina but, in preparation for his next stop, Xi penned an editorial published in Panama arguing that China and Panama had over 160 years of shared history.
Prior to landing in Madrid on Tuesday, Chinese Communist Party chief Xi Jinping published a Spanish-language editorial proclaiming that Spain had been a key stop on the ancient Silk Road “more than 2,000 years ago.”
Contents: Bitcoin super-bubble implodes and crashes below $4,000; China’s ‘Belt and Road Initiative (BRI) Bubble’ may be in trouble
Skyrocketing Chinese debts have made multiple African nations – most notably Kenya, Angola, and Zambia – “most vulnerable” to forfeiting control of key assets and territory to China, the global ratings firm Moody’s announced in a report this week.
Maldives President Ibrahim Mohamed Solih revealed on Monday that the island nation could not get out of its financial agreements with China despite Bejing building infrastructure projects inside the island nation at higher prices than initially quoted.
Chinese Communist Party leader Xi Jinping published an opinion piece in the Spanish newspaper ABC on Tuesday, urging the country to join Beijing’s Belt and Road infrastructure takeover project just as Xi lands in Madrid.
Contents: Maldives can’t determine how much money it owes to China; Constitutional crisis continues in Sri Lanka over China-India competition
Australian Prime Minister Scott Morrison delivered a foreign policy speech on Thursday that rolled out a $2 billion infrastructure bank that will loan money for telecommunications, energy, water, and transportation projects to Pacific nations.
This morning’s key headlines from GenerationalDynamics.com Pakistan’s Balochistan Liberation Army (BLA) claims credit for killing CPEC workers Questions raised about planned China military naval base in Jiwani Pakistan’s Balochistan Liberation Army (BLA) claims credit for killing CPEC workers Gwadar Port
Contents: Sri Lanka constitutional crisis represents opportunity for China; Mahinda Rajapaksa’s return to power will be welcomed by China
Communist Party authorities fear the election of conservative firebrand Jair Bolsonaro in Brazil’s presidential race this weekend following his remarks warning against Chinese investment, Reuters reported.
Saudi Arabia agreed to loan Islamabad $6 billion to help Pakistan stabilize its struggling economy on Tuesday. Pakistan is currently also seeking a critical loan from the International Monetary Fund (IMF).
A report commissioned by Ecuador’s Prosecutor General revealed this weekend the country may have lost up to $2 billion in oil deals under the socialist government of ex-president Rafael Correa. Deals with the state-owned PetroChina gave Correa billions in credit while allegedly hurting the Ecuadorian government’s profits.
The government of Malaysia confirmed on Thursday the release of 11 Uighur refugees who entered the country illegally after breaking out of a Thai immigrant detention center, allowing them to travel to Turkey as they had requested.
The chief economist at the International Monetary Fund (IMF) cautioned Pakistan this week against “excessive loans” from its ally, China, citing risks.
African media buzzed with reports this week that China plans to take over Zambia’s national power company, ZESCO, and has already taken control of national broadcaster ZNBC. In essence, Beijing is repossessing chunks of the Zambian state because it cannot repay the gigantic loans it took out from China.
China’s state-run Global Times ran an op-ed Wednesday denying charges that Beijing is using huge “Belt and Road” infrastructure loans to buy political influence in Africa.
