Sri Lankan Prime Minister has laid the foundation stone for the oil refinery and cement factory in Mirijjawila,Hambantota. The $3.85 billion project is the single largest foreign investment in Sri Lanka.It is jointly funded by Oman and Singapore-registered Silver Park International,a company owned by an Indian business family. The oil facility is near the port… Continue reading Sri Lankan PM Ranil Wickremesinghe lays foundation stone for oil refinery
Tag: CHINA
Italy to join China’s Belt and Road initiative
Italy is planning to join China’s Belt and Road Initiative (BRI).It will become the first member of the G7 group countries to officially endorse Belt and Road Initiative despite objections from the United States. It is said that Italy is facing difficulties in balancing its growth targets with the EU’s stringent fiscal norms.These tensions surfaced… Continue reading Italy to join China’s Belt and Road initiative
France slams sanctions on JeM chief Azhar
France has imposed sanctions on Jaish-e-Mohammed (JeM) chief Masood Azhar.It will include a freeze on his assets and will help in travel ban on Azhar and his known followers. This decision comes after China had once again blocked a UN Security Council (UNSC) move to get the Pakistan-based Azhar Masood designated as a global terrorist.The… Continue reading France slams sanctions on JeM chief Azhar
China places hold on listing Azhar as designated terrorist
China has blocked India’s bid to designate Jaish-e-Mohammed chief Masood Azhar as a terrorist under the UNSC 1267 Sanctions Committee.It placed a technical hold on the resolution.This is the fourth time that China has blocked the resolution since 2009. The proposal to designate Masood Azhar was moved by France,UK and the US.It was moved after… Continue reading China places hold on listing Azhar as designated terrorist
Xi’s BRI faces criticism during China’s annual political sessions
China’s Belt and Road Initiative (BRI) has come under criticism at the annual political sessions of the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Conference (NPC). The main criticism stems from China giving out huge loans valued at billions of US dollars to small countries for infrastructure development over and beyond their… Continue reading Xi’s BRI faces criticism during China’s annual political sessions
China plans new foreign investment law
China has proposed a draft bill on foreign investment to address US concerns amid the ongoing talks on trade deal with the United States. The bill addresses key concerns of foreign investors, such as (a)intellectual property rights (IPRs) protection and (b)market access (c)Technology transfer and (d)unfair competition. The draft law states that state shall protect… Continue reading China plans new foreign investment law
China targets 6 to 6.5% in shadow of trade war with U.S
China lowered its economic growth target for the year 2019 to between 6 to 6.5% of Gross Domestic product(GDP). The cuts to the GDP growth target comes in the backdrop of (a)Chinese economy facing pressure from a persistent slowdown (b)Rising trade tensions between US and China and (c)slowing global economy. Chinese Government have announced various… Continue reading China targets 6 to 6.5% in shadow of trade war with U.S
China says it is in “close communication” with India and Pakistan to ease tensions
China has said that it is planning to send a special envoy to ease tensions between India and Pakistan after the Pulwama attack. China agreed with Russia which said that Counter terrorism Mechanism such as Regional Anti terrorist Structure(RATS) under Shanghai cooperation Organisation(SCO) could be used as a forum to discuss India-Pakistan issues.However,India maintains that… Continue reading China says it is in “close communication” with India and Pakistan to ease tensions
China uses DNA to track its people, with US help
Thermo Fisher, a Massachusetts (USA) company has said that it would no longer sell its equipment in Xinjiang Uyghur Autonomous Region- the region where China had been conducting “Physicals for All” project. The project envisages collection of DNA samples, iris scans, and blood types of all residents in the region between the ages of 12 to 65.… Continue reading China uses DNA to track its people, with US help
No change in China’s stance
China has declined to back India’s appeal to list Jaish-e-Mohammed chief Masood Azhar as a global terrorist by the United Nations following Pulwama attack. China has repeatedly used its veto power at 15 member UN Security council(UNSC) to block the listing of Masood Azhar as a global terrorist by the 1267 Sanctions Committee. The UNSC… Continue reading No change in China’s stance
