DAKAR (Reuters) – The terms of China’s loan deals with developing countries are unusually secretive and require borrowers to prioritize repayment of Chinese state-owned banks ahead of other creditors, a study of a cache of such contracts showed on Wednesday.
From the history Files:
Environmentalists have welcomed the Prosecution Office’s decision to investigate the impact of highway construction work by the China Road and Bridge Corporation, CRBC, on the UNESCO-protected Tara River.
Full Story: https://balkaninsight.com/2021/03/03/montenegro-probes-chinese-highway-builders-damage-to-protected-river/
Scores of Chinese and foreign companies producing “well-known global brands” may be involved in human trafficking, forced labour and other human rights abuses in China’s Xinjiang region, a United Nations working group said on Monday, calling more attention to an issue that Beijing is increasingly on the defensive about.
China would also receive a major discount on Iranian oil and become a near monopsony, as long as sanctions on Iran remain.
When the details of a multibillion dollar, 25-year economic and security agreement between Iran and China leaked last summer, the headline in The Jerusalem Post was: “Proposed China-Iran deal is bad news for Israel.”
Frank Dong – The Epoch Times.
Beijing has been hoarding chips. Industry experts believe China’s nationwide hoarding played a role in the global chip shortage. In fact, China’s State Administration for Market Regulation in August launched a probe into hoarding and other speculative practices as the regime found it disrupted its own market.
Florida officials on Monday took action to disentangle state retirement funds from the Chinese Communist Party (CCP), including revoking authority that let outside managers decide where to invest some of the state’s pension funds.
Canadian Prime Minister Justin Trudeau has urged Western “capitalist democracies” to band together to prevent Beijing from taking advantage of their infighting over the profits from China’s growing markets.
Amazon quietly removed criticism of President Xi’s books by scrubbing bad reviews, ratings and comments from its Chinese site, it has emerged
Citizen journalist Zhang Zhan has been jailed since May 2020 after filming and reporting on the COVID-19 pandemic from Wuhan. Chinese human-rights lawyer, Gao Zhisheng, who has long defended activists and the civil rights of religious minorities, has been “disappeared” since 2017.
Prince Andrew christened a Confucius Institute and extolled the controversial Chinese government-funded propaganda fronts while also visiting a British company collaborating on China’s exploitative One Belt One Road initiative – with all events occurring alongside President Xi Jinping in 2015. ”
China to take over Uganda’s Entebbe International Airport for default on debt repayment.
China has rejected Uganda’s request to re-negotiate toxic clauses in the $200m loan picked six years ago for the Airport expansion.
The Airport is the only Intl Airport in the country.
Chinese energy firm chairman gifted Hunter Biden an $80,000 diamond after he agreed to help expand the business by making ‘introductions’ for $10MILLION a year
A former Bank of China chief who fled to America two decades ago, and was convicted in a massive fraud case in Nevada, has been repatriated to China. It’s said to mark a major victory for Beijing in its quest to bring corrupt officials to justice.
Almost a quarter of German companies operating in China planned to relocate production from the country in 2019, according to a report by the German Chamber of Commerce in China. For example,
Adidas has halved its Chinese manufacturing since 2010, with much of the production moving to Vietnam, and pledged in July last year to cut all ties with suppliers implicated in a report that uncovered forced labour being used in some factories.
China is using a whole-of-society approach to steal its way to become a military power, and the U.S. government needs to better defend against such an espionage campaign, said a retired CIA officer. Continue reading “China’s CCP and PLA Uses ‘Whole-of-Society’ Effort to Steal From the US”
Cambodia’s dwindling fish stocks have put the spotlight once again on the stressed waterways of the Mekong river. Fish stocks are at low levels and experts blame factors such as Chinese hydropower for projects upstream for the dramatic drop at the lowest level.