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China’s main actions and Decisions related to geopolitics and geo economy

China’s main actions and Decisions related to geopolitics and geo economy

Week of October 16-22, 2021

  • On foreign policy, China returned this week to claim its rights in the South China Sea, amid a new claim by the Philippines against China for its activities in a Philippine exclusive economic zone rich in strategic resources, according to ABS-CBN, a private broadcasting company operating in the Philippines.

  • Also related to Asia Pacific, China urged Pacific island countries to join forces to stop the attempts of the AUKUS military alliance, made up of Australia, the United Kingdom and the United States, to counter China’s intentions in the South Pacific, Telesur said, a. Latin American multistate news channel, headquartered in Venezuela.

  • China condemned, on the other hand, the European Union for voting in its Parliament in favor of increasing ties with Taiwan and beginning to work on an investment agreement with the island, according to RT, the Moscow-based international news network. The EU had reached an investment agreement with China, but it was put on stand-by.

  • In terms of Connectivity, the two outstanding actions of China this week were related to the strategic project of the Belt and Road, promoted by China, to achieve its geopolitical and geoeconomic objectives at the regional and global levels.

  • First, China signed BRI-related cooperation documents with 10 Pacific island countries, elevating the comprehensive strategic partnership they carry to a new level, according to RNZ, New Zealand’s public service radio.

  • Second, China announced that it will work with Saudi Arabia “to further synergize the Initiative” and “actively participate” in the country’s major development projects, reports Anadolu Agency, the Turkish government’s press agency.

  • In the Energy sector, this week one of the main oil companies in the People’s Republic of China, Sinopec, signed, amid the energy crisis affecting China, an agreement with a US developer of liquefied natural gas, which will double the Chinese imports of LNG from the United States, indicates the British publication specialized in Energy, Energy Voice. In the last three years, the new LNG agreements between the two great powers had been frozen, due to the growing political tensions between the two countries that occurred during the Trump administration.

  • Also this week, China signed an agreement with Russia that will boost bilateral trade in energy products, including liquefied petroleum gas and natural gas, according to the Global Times, a Chinese daily owned by the Chinese Communist Party.

  • In Domestic Policy, the highlight was China’s attempt to tighten its grip on Macau, as part of a plan to regain its influence over society and businesses across the country, reports the New Lens daily, owned by Key Commentary Media Group, a media based in Taiwan, Hong Kong and Macao. Macao, like Hong Kong, is a “special administrative region” of China, assuming a high degree of autonomy within the framework of “one country, two systems”.

Sources/Links:

news.abs-cbn.com

www.telesurenglish.net

www.rt.com

www.aa.com.tr

www.rnz.co.nz

www.energyvoice.com

www.globaltimes.cn

international.thenewslens.com

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