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South Asia

China seeks to extend Belt and Road Initiative to Afghanistan | Source: Eastern Eye

A metro project built under the China-Pakistan Economic Corridor (CPEC) in Lahore.

CHINA has expressed hope to extend its multi-billion-dollar Belt and Road Initiative (BRI) into Afghanistan.  With the Taliban in control of Afghanistan and the complete withdrawal of the US troops, China appears to be chalking out plans to extend its BRI to Afghanistan besides investments to exploit the rich minerals and highly lucrative rare-earth mines in Afghanistan. Rare-earth metals, which are key components for a host of advanced technologies like iPhones and hi-tech missile guidance systems, were estimated to be worth anywhere between $1 trillion (£720 bn) and $3 trillion (£ 2.1 trillion) in 2020 in Afghanistan.

Source: Eastern Eye


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Eurasia

Russia’s Gazprom Neft signals shift away from US dollar payments in China | Source: South China Morning Post

Gazprom Neft is the third-biggest oil producer in Russia and operates at 34 airports in China.

Gazprom, third-biggest oil producer in Russia that operates at 34 airports in China , has started settling some aviation fuel payments in the yuan in China as Moscow and Beijing look to cut reliance on the US dollar and increase cooperation in the energy sector. The US dollar’s share of trade between Russia and China fell below half for the first time on record in the first quarter of 2020, and again in the fourth quarter last year, with more than three-quarters of the transactions between the two countries now conducted in the euro, according to Russia’s central bank.

Source: South China Morning Post


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China to use Eastern Economic Forum as opportunity to boost cooperation with Russia’s Far East | Source: RT

Beijing is planning to use the Eastern Economic Forum (EEF) to further develop trade and economic partnership in Russia’s Far East regions.  “China is ready to encourage any enterprises that may invest in the Far East, as well as expand bilateral cooperation with Russia in various fields” he added. Beijing and Moscow have managed to form a reliable and comprehensive strategic partnership with bilateral trade and growing economic cooperation.

Source: RT


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Gazprom surpassed maximums in Russian gas deliveries to China | Source: Plenglish

The Russian company Grazprom reported that its gas deliveries to China through the Force of Siberia gas pipeline exceeded its contractual commitments with that Asian nation by more than 5.0 percent, establishing a new high of supply.

Source: Plenglish


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South Asia

China trying to take over abandoned US airbase at Bagram: Nikki Haley | Source: Business Standard

The US needs to closely watch China as it might try to take over the Bagram air force base in Afghanistan following the Taliban’s takeover of the war-torn country and use Pakistan to get stronger to go against India, a former senior American diplomat has warned. In July, the US military left Bagram Airfield – its key base in Afghanistan – after nearly 20 years.

Source: Business Standard


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Asia Pacific

China deploys the world’s largest 5G network, rolling out 993,000 stations | Source: Global Times

A coffee-brewing robot is displayed at the venue of 2021 World 5G Convention in Beijing, capital of China, Aug. 31, 2021. 

China has deployed the world’s largest and most active 5G mobile network in the world, with more than 392 million mobile phones being connected to 5G gear. The country’s 5G sector has integrated well with other sectors such as big data and artificial intelligence, to generate new business models to help transform traditional industries like healthcare, industrial internet and super high definition videos. China is facing pressure from some countries, led by the US, to thwart the country’s high-tech rise. In particular, the US and some of its allies have placed bans on Huawei’s 5G and ZTE under the pretense of national security.

Source: Global Times


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China’s leader Xi calls for more rules against monopolies, unfair competition | Source: China Economic Review

Chinese leader Xi Jinping called for the strengthening of rules against monopolies and unfair competition at a meeting of the Central Committee for Deepening Overall Reform on Monday. Besides toughened rules, the stringent implementation of anti-monopoly and fair competition policies is an “inherent requirement for improving the socialist market economic system,” Xi was quoted as saying.

Source: China Economic Review


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South Asia

Chinese lithium market fluctuates following news of unveiling deposit in Afghanistan | Source: Global Times

A worker at a lithium battery factory in Huzhou, East China’s Zhejiang Province.

After months of soaring stock markets in China, the historic fall of lithium shares on A-shares markets this Wednesday sent a mixed message to the industry about the potential change in the world supply chain make-up after Afghanistan, where the world’s largest lithium deposits are located, appeared to flag potential international cooperation after 20 years of instability and stagnation. If the situation in Afghanistan can be stabilized, the country’s vast lithium reserves will become commercialized, which would help to ease the current tightened lithium supplies, experts said.

Source: Global Times


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Sin categoría

Africa: China Investment in Africa Continues to Expand | Source: All Africa

Chinese enterprises have made significant socio-economic impact in a lot of African countries and it is bound to get deeper into the continent with the construction of the Belt and Road Initiative which will open ancient international trade routes. There are very fertile areas for Sino-Africa economic partnership in energy and hydro-power production, agro-processing, and Information and Communication Technology, among others, much of this is happening through thriving Public Private Partnerships in many African countries. Africa also has some of the world’s rarest minerals and raw materials in vast quantities.

Source: All Africa


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Russia-led security bloc to conduct military exercises in Central Asia due to situation in Afghanistan | Source: Asia Plus

Three more military exercises will be conducted close to the Tajik-Afghan border in October.

The Russia-led Collective Security Treaty Organization (CSTO) says it plans to conduct military exercises in Kyrgyzstan and Tajikistan due to the ongoing situation in Afghanistan. There were already war game conducted against the background of the aggravation of the situation and the threat of penetration of radical terrorist groups into the border countries of the Central Asian region.

Source: Asia Plus


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