11th December, 2011
China is one of the active supporters of the internationalcommunity to European crisis settlement, Chinese Vice Foreign Minister Fu Ying saidhere on Saturday.
Posts Tagged ‘Chinese soft power’
China an active supporter to European crisis settlement: Vice FM
Posted by seumasach on December 11, 2011
Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
Europe needs to open up further to Chinese investment to solve debt crisis
Posted by seumasach on November 29, 2011
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Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
China is a friend indeed for debt-ridden Europe
Posted by seumasach on October 30, 2011
The finest minds in Christendom continue to grapple with the question which baffles them all: if the euro is so weak why is it so strong? One reason is that, speculative attacks aside, the economic fundamentals of the Eurozone are stronger than those of the anglosphere. Another is that China and other emerging economies have a clear interest in supporting the Euro as an alternative to the dollar. Thus Europe benefits from the fact that, although similar regional integration projects are in formation elsewhere, only Europe has got as far as a common currency making it the only show in town outside the dollar.
30th October, 2011
BEIJING, Oct. 30 (Xinhua) — With the European Union (EU) grappling with its worst financial crisis since the eurozone was set up, China has unequivocally conveyed its readiness to enhance cooperation with the debt-ridden bloc in a “win-win” manner.
Posted in Battle for Europe, Currency Wars, Multipolar world | Tagged: Chinese diplomacy, Chinese soft power | Leave a Comment »
Washington targeting China’s Achilles heel
Posted by seumasach on October 11, 2011
F.William Engdahl
7th October, 2011
While nervously watching China edging closer to becoming the predominant world power in the 21st century, Washington has also been keeping a keen eye on China’s heavy reliance on foreign oil to meet its growing energy needs. Engdahl analyses the oil trap that Washington has laid for China in Libya and through AFRICOM’s deployment across Africa.
Posted in Drive to Global War, Multipolar world | Tagged: AFRICOM, Chinese soft power | Leave a Comment »
China continues to support Euro
Posted by seumasach on October 9, 2011
Qiao made several suggestions about China’s assistance to the euro zone.
First, China should buy more bonds from multilateral institutions, including euro bonds and the bonds issued by the European Financial Stability Facility, because they are less risky.
Second, China should encourage domestic enterprises to expand in Europe, carry out business cooperation with European companies or purchase those companies’ preference shares that do not carry voting rights to avoid political obstacles.
Third, China should increase the weight of the euro in the RMB’s currency basket.
China knows that the battle for Europe is a crucial one. The fall of the Euro would mean the reimposition of the dollar as the global reserve currency, the monopoly money of global trade. As a result China and other countries would be obliged to go on accepting devalued dollars and effectively subsidise the USA indefinitely. They are obviously pulling out all the stops to make sure that doesn’t happen.
What part should China play in European debt crisis?
9th October, 2011
It is difficult for China not to get involved in the European debt crisis. China’s Foreign Ministry and Ministry of Commerce both recently expressed support for the beleaguered euro zone. However, that raises the question of how to help European countries without sacrificing China’s own national interests.
Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
Euro crisis and China
Posted by seumasach on August 21, 2011
21st August, 2011
One can easily un derstand China’s concern when the US financial status downgrade took place a few days ago. Overdependence on its dollar holdings has long been common knowledge. In fact it has long been a vocal critic of the Fed’s quantitative easing programmes and low interest rates. For the simple reason that it is deeply concerned as a main creditor of the US.
Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
China is ‘long-term’ investor in European markets
Posted by seumasach on June 26, 2011
26th June, 2011
Chinese Premier Wen Jiabao pledged support for Europe as the region copes with a sovereign debt crisis, saying China will remain an investor in European markets. “China is a long term investor in Europe’s sovereign debt market,” Wen said in translated comments at a press conference with Hungarian Prime Minister Viktor Orban in Budapest yesterday. “In recent years, we have increased by quite a big margin our holdings of government bonds. We will consistently continue to support Europe and the euro.”
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Europe welcomes Chinese leader
Posted by seumasach on June 25, 2011
Europe is strangely balanced between west and east. It remains locked into the Atlantic Alliance via NATO and yet is dependent on China, who wish to break the stranglehold of the dollar, for the protection of the Euro against the full-scale hostility of London and Washington. Chinese investment in plant and infrastructure is also becoming a significant, reconstructive element. Sino-German economic cooperation is particularly important in laying the foundations of a Eurasian zone of peace and development.
Europe welcomes Chinese leader Wen amid fears and hopes
25th June, 2011
Chinese Premier Wen Jiabao has begun a five day European trip with Hungary, Great Britain, and Germany on the agenda. The trip is taking place at a time when the relationship between Europe and China is plagued by discord, despite economic cooperation, including human rights issues and European concerns over its growing economic dependence on China.
Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
China bank moves to buy U.S. branches
Posted by seumasach on January 25, 2011
22nd January, 2011
CHICAGO—China’s biggest bank signed an agreement that would make it the first Beijing-controlled financial institution to acquire retail bank branches in the U.S., though regulators could still block the deal.
Read full article here
Posted in Financial crisis | Tagged: Chinese soft power | Leave a Comment »
China’s help brings political price for the EU
Posted by seumasach on January 7, 2011
7th January, 2011
This week’s visit of Chinese Vice Premier Li Keqiang to Spain, Germany and the UK, accompanied by an entourage of over a hundred leading Chinese businessmen, is the latest vanguard of China’s business-based diplomacy drive.
Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
Asian buyers take almost a quarter of EU bond issuance for Irish bailout
Posted by seumasach on January 7, 2011
6th January, 2011
Investors in Asia piled into bonds sold by the European Union to help finance aid for Ireland, according to EU figures. The notes rose today in their first trading day.
Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
In These New Times 