China promised the world that its Belt and Road Initiative (BRI) would bring economic growth to the countries participating in it. However, years after the infrastructure projects have begun, many of these countries now find themselves reeling under the COVID-19 outbreak, with Italy and Iran being the worst affected of all. Italy’s woes stemming from China’s ...
Over the past 10 years, China has loaned billions of dollars to poor countries as part of its Belt and Road Initiative (BRI). As the COVID-19 outbreak has shut down economies, these nations are finding it increasingly difficult to repay their loans. Caught in debt from Chinese loans Chinese loans granted to developing countries tend ...
Back in 2016, Chinese shipping company COSCO bought a majority stake in the Greek port of Piraeus. Located in the Saronic Gulf, it is the biggest port in Greece and the seventh-largest in Europe. Recently, it was announced that COSCO will be investing an additional US$660 million into the port for developing it. For America, ...
Chinese President Xi Jinping recently warned Party members not to use the fight against corruption as an excuse to laze around and do nothing. He was speaking at a meeting of senior Party leaders. The warning “You absolutely cannot view anti-corruption as an excuse to not accept responsibility or to do nothing… Be brave to ...
The Russian government has officially approved the construction of a 1,250-mile tolled highway across the country that is aimed at shortening cargo routes. Called the Meridian Highway, it will become the fastest trucking route between Europe and China once completed. The Meridian Highway “At the western end, the four-lane highway will enter Belarus close to ...
The U.S. has criticized China’s attempts to dominate the Arctic and turn it into another South China Sea-type conflict-plagued region. The remarks were made by Secretary of State Mike Pompeo in a speech at the Arctic Council. He also added that the U.S. plans to raise its presence in the region in response to Chinese ...
During Chinese President Xi Jinping’s recent visit to Italy, the EU nation signed many deals that made it a member of Beijing’s Belt and Road Initiative (BRI). By doing so, the Italian government effectively turned a blind eye to U.S. and EU warnings about China. Several politicians in Italy are also concerned that the government ...
With Chinese president Xi Jinping in Italy for a 3-day visit, there has been speculation over whether he will be visiting Pope Francis. While representatives of the Vatican have indicated that the Pope is open to such a meeting, some have asked the Chinese regime to stop looking at the Church as an enemy. Vatican ...
With Italian Prime Minister Giuseppe Conte suggesting that his country might soon be a part of China’s Belt and Road Initiative (BRI), the U.S. has asked Italy to refrain from such commitments with Beijing. Opposition parties are also said to be quite disturbed by the government’s decision. Italy and BRI “Italy is a major global economy and ...
The U.S. Department of Justice (DOJ) recently charged Chinese telecommunications company Huawei with violating sanctions against Iran and stealing trade secrets from an American mobile carrier. Many believe that this will trigger increased media coverage about the firm and eventually expose the relationship between Huawei and the Chinese Communist Party (CCP), making other countries understand ...
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