Posted by seumasach on September 12, 2015
Launch Of Renminbi-Denominated Oil Futures Contract Imminent
11th September, 2015
Whenever one talks about the death of the petrodollar, the unspoken question lurking just beneath the surface is this: is the rise of the petroyuan just around the corner?
Posted in Currency Wars, Multipolar world | Tagged: Chinese soft power, end of petrodollar, petroyuan | Leave a Comment »
Posted by seumasach on September 7, 2015
6th September, 2015
NEW YORK – When Chen Mingxu was a boy, U.S. businessmen poured into rural China, welcomed with tax breaks and steamed turtle. Thirty years later, in a kind of reverse migration, Chen finds himself in southwestern Alabama smiling wanly over bacon-wrapped meatloaf and banana pudding.
Posted in Multipolar world | Tagged: Chinese soft power, us -china strategic partnership | Leave a Comment »
Posted by seumasach on July 28, 2015
9th April, 2015
Since their announcement in 2013 during Chinese President Xi Jinping’s visit to Kazakhstan and Indonesia, the New Silk Road Economic Belt and 21st Century Maritime Silk Road (termed together the “One Belt One Road” initiative) have been extensively discussed among China’s academia and policymaking circles. Chinese Foreign Minister Wang Yi, at a press conference accompanying China’s recent parliamentary session, called the initiative a “central focus” of China’s foreign policy in the year 2015. As a key part of the narrative of the new Chinese leadership, the One Belt One Road (OBOR) initiative has not only become one of the top priorities of the Chinese government, it has also attracted considerable interest from abroad, and particularly from neighboring Asian countries. A case in point is that more than 30 countries have joined the Asian Infrastructure Investment Bank (AIIB).
Posted in Battle for Europe | Tagged: Chinese soft power, euro-asian project, One Belt One Road | Leave a Comment »
Posted by seumasach on July 2, 2015
2nd July, 2015
China promised the European Union on Monday it would hold on to its euro zone debt, saying the Greek debt crisis was Beijing’s problem headache too.
Chinese Premier Li Keqiang made his remarks following a stressful weekend for Greeceand the eurozone, in which Greece broke off talks with its creditors, announced areferendum, and introduced capital controls.
Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on June 24, 2015
Investment fund, Greece in focus as Chinese Premier readies for EU trip
23rd June, 2015
Chinese Premier Li Keqiang will attend the 17th China-EU leaders’ meeting later this month in Brussels, the first since the change of EU leadership.
Li will, during the summit, announce plans to inject billions of dollars into a much-touted EU investment fund. The new European Fund for Strategic Investment (EFSI) plans to invest 315 billion euros into the EU’s ailing economy.
Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on June 18, 2015
Bank of China becomes first Asian firm to help set London’s gold price
16th June, 2015
A Chinese bank will become the first Asian firm in history to join a group of Western institutions that help set the price of gold in the London market.
Posted in Currency Wars | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on June 15, 2015
14th June, 2015
As reported in the weekend edition of the Wall Street Journal, there are two contending schools of thought on how to deal with China’s rise. One school is to raise the pressure in confronting China such as increasing the surveillance flights over South China Sea.
Posted in Multipolar world | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on June 15, 2015
12th June, 2015
As intellectual acumen and cross-cultural expertise go, it would be hopeless to expect self-described “Don’t Do Stupid Stuff” Obama administration foreign policy advisers — as well as Pentagon functionaries/hacks — to understand the complexities of China.
For instance, they would be incapable of evaluating all the myriad ramifications included in Professor Alfred McCoy’s masterful deconstruction of US-China geopolitics.
Posted in Multipolar world | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on June 9, 2015
Alfred McCoy
7th June. 2015
It might have been the most influential single sentence of that era: “In these circumstances it is clear that the main element of any United States policy toward the Soviet Union must be that of long-term, patient but firm and vigilant containment of Russian expansive tendencies.” And it originated in an 8,000 word telegram — yes, in those days, unbelievably enough, there was no email, no Internet, no Snapchat, no Facebook — sent back to Washington in February 1946 by George F. Kennan, the U.S. chargé d’affaires in Moscow, at a moment when the Cold War between the United States and the Soviet Union was just gaining traction.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), Chinese soft power, End of empire | Leave a Comment »
Posted by seumasach on May 25, 2015
23rd May, 2015
Beginning with the marvelous tales of Marco Polo’s travels across Eurasia to China, the Silk Road has never ceased to entrance the world. Now, the ancient cities of Samarkand, Baku, Tashkent, and Bukhara are once again firing the world’s imagination.
China is building the world’s greatest economic development and construction project ever undertaken: The New Silk Road. The project aims at no less than a revolutionary change in the economic map of the world. It is also seen by many as the first shot in a battle between east and west for dominance in Eurasia.
Posted in Multipolar world | Tagged: Chinese soft power, New Silk Road | Leave a Comment »
Posted by seumasach on May 25, 2015
Pepe Escobar
22nd May, 2015
It started in April with a rash of deals between Argentina and Russia during President Cristina Kirchner’s visit to Moscow.
And it continues with a $53 billion investment bang as Chinese Premier Li Keqiang visits Brazil during the first stop of yet another South American commercial offensive – complete with a sweet metaphor: Li riding on a made in China subway train that will ply a new metro line in Rio de Janeiro ahead of the 2016 Olympics.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), Chinese soft power | Leave a Comment »
In These New Times 