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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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Middle East

China says ties with Saudi Arabia a priority in its Middle East diplomacy | Source: Anadolu Agency

China is willing to be Saudi Arabia’s long-term, reliable and stable good friend and partner, according to China’s foreign minister. Promising to “actively participate” in the Middle East nation’s major development projects, he said Beijing is ready to work with Riyadh “to further synergize the Belt and Road Initiative with Saudi Arabia’s Vision 2030.”

Source: Anadolu Agency


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Sin categoría

US ally Saudi Arabia signs rare military deal with Russia | Source: The New Arab

Saudi Arabian Deputy Defence Minister Prince Khalid bin Salman attended several military meetings in Russia.

Saudi Arabia and Russia signed a new military agreement, in an apparent snub to Riyadh’s main ally, the US, and a sign of warming relations between the two oil producing giants.

Source: The New Arab


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Sin categoría

Saudi Arabia says relations with Qatar ‘very good’ | Source: Anadolu Agency

Saudi Foreign Minister Faisal bin Farhan has hailed his country’s relations with Qatar, saying ties between the two neighbors were “very good”. In January, Saudi Arabia, the United Arab Emirates (UAE), Bahrain, and Egypt agreed to restore diplomatic, trade, and travel ties with Qatar. The four countries severed relations with Doha in 2017, accusing it of supporting terrorism.

Source: Anadolu Agency


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France Stresses Support for Saudi Initiative on Yemen, Condemns Houthi Attacks | Source: Asharq Al-Awsat

The Saudi Foreign Minister during his meeting with his French counterpart in Paris on Wednesday.

France has stressed its support for the Saudi peace initiative in Yemen, and condemned Houthi militia attacks on Saudi territories, according to a statement issued by the Foreign Ministry following a meeting between Saudi Foreign Minister Prince Faisal bin Farhan and his French counterpart, Jean-Yves Le Drian, in Paris.

Source: Asharq Al-Awsat


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US envoy for Yemen heading to Saudi Arabia for ceasefire talks | Source: Arab News

US President Joe Biden’s special envoy for Yemen will meet with Saudi officials this week in the latest round of diplomatic talks to resolve the years-long war. Since Biden took office, the US administration has increased mediation efforts between both countries while easing sanctions on the Iran-backed Houthis.

Source: Arab News


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Saudi Arabia and Russia Agree on Second Phase of Cooperation | Source: Alriyadh daily

Both countries agreed on the second phase of the roadmap to implement the high-level  Saudi-Russian strategic cooperation framework, which was signed in Riyadh in October 2019. They focused on energy, economy, and natural resources, among others.

Source: Alriyadh daily


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Iraq Mediators Join Israeli-Saudi Arabia Talks on Normalizing Relations | SOURCE: VOA NEWS

Iraqi mediators have been working patiently behind the scenes to try to bring about a diplomatic rapprochement between long-time adversaries Iran and Saudi Arabia. Saudi Arabia and Iran have been battling each other through their regional proxies in Lebanon, Syria, Iraq and Yemen for a number of years.

SOURCE: VOA NEWS


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Geoeconomics

Iran To Saudi Arabia: Sell Our Oil And We Will Reduce Houthi Attacks | SOURCE: OIL PRICE

Iran is looking to persuade its regional rival Saudi Arabia to help it to sell Iranian crude oil on international markets in exchange for limiting attacks from the Iran-aligned Houthi rebels in Yemen on Saudi oil infrastructure. Until the sanctions slapped on Iran’s oil exports by U.S. are in place, Iran is looking for alternatives to have its oil sold on the international markets.

SOURCE: OIL PRICE


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