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  • Perspective: India could be this decade’s China

    Recently concluded defence and technology agreements with the United States constitute a milestone. The agreements acknowledge reality, including that one underestimates the United States at one’s peril and that, despite their domestic travails, the US and Britain still produce 50 per cent of the global wealth as opposed to China and Russia’s combined 20 per cent.

  • ISIS Threatens to Target China, India, Iran Embassies in Afghanistan, UN Says

    Islamic State militants have threatened to target Chinese, Indian, and Iranian embassies in Afghanistan in an effort to isolate the Taliban from a handful of countries it counts as diplomatic allies. The local affiliate of the Islamic State of Syria and Iraq, is attempting to “undermine the relationship between the Taliban and member states in the region,” according to United Nations report on the group’s activities. The report is expected to be discussed later Thursday at United Nations Security Council in New York.

  • China, US deals and robots headline Saudi’s LEAP tech event

    Saudi Arabia’s second LEAP technology event on Tuesday saw a host of landmark partnerships and billion-dollar investments take place with major Chinese and US companies, in line with the last phase of the country’s national strategy for digital transformation. On the first day of the event on Monday, the country announced $9 billion of investments in global companies, including Oracle, China's Huawei and Meta, to work with the kingdom, and at least $2.43 billion more on day two were injected into local technology businesses and more to stimulate market growth.

  • U.S.-China trade hit record in 2022 despite tensions

    Imports and exports of goods between the countries hit $690.6 billion, a U.S. Bureau of Economic Analysis report shows. The U.S. imported more toys and other consumer products, with China increasing imports of soybeans and other foods. The robust figures run counter to talk that the world's two largest economies are on track to decouple.

  • China’s Mideast buildup stirs security worries for U.S.

    Chinese state-owned firms are building up their presence near the Strait of Hormuz in the Middle East, a new report says, raising the risks of a future clash with U.S. interests in one of the world’s busiest oil transitways. The growing footprint of Chinese commercial activity in the area, including billions of dollars in investments in oil pipelines and storage terminals alongside the Persian Gulf, is fueling worries from U.S. national security hawks who fear it could provide Beijing with dangerous influence over a major choke point for petroleum shipments.

  • Egypt’s Strategic Partnership with China: Opportunities and Implications

    On December 8, 2022, Egyptian President Abdel Fattah el-Sisi met with his Chinese counterpart, President Xi Jinping, on the sidelines of the inaugural China-Arab Summit in Saudi Arabia. During their meeting, both leaders pledged to further bolster bilateral relations and cooperation within the framework of China’s Belt and Road Initiative (BRI). The relationship between Egypt and China has experienced significant growth in recent years, characterized by the rapid development of economic, trade, military, and cultural ties. Egypt occupies a strategic position within the BRI, which has the potential to push bilateral relations to new heights.

  • Is China poised to help other unaligned powers usurp the dollar?

    China has the most to gain from dethroning the dollar. So long as the dollar reigns supreme, unilateral U.S. sanctions on Chinese companies and banks will inhibit Beijing’s rise. China has been at work for years trying to develop its own version of SWIFT, the Belgian based messaging service that lets banks around the world talk to each other and confirm cross-border transactions. SWIFT has long deferred to the United States and generally complies with secondary U.S. sanctions against foreign commercial entities and countries. China calls its new system CIPS, which stands for Cross-Border Interbank Payment System.

  • IEA Projects Record Oil Demand in 2023, but Russia and China are Key

    The International Energy Agency expects oil demand to rise to a record 101.7 million barrels per day in 2023 with China accounting for half of the projected increase. The IEA’s January Oil Market Report indicated this will lead to a tighter market in the latter part of the year as Western sanctions that came into effect in early December 2022 take hold.

  • OPEC+ Keeps Output Steady Amid Uncertainty on China and Russia

    An OPEC+ committee recommended keeping crude production steady, delegates said, as the oil market awaits clarity on demand in China and supplies from Russia, Saudi Arabia and its partners will continue to hold output at levels set late last year, when they announced a hefty cutback of 2 million barrels a day to balance markets amid a fragile economy, delegates said, asking not to be identified because the committee’s talks were private.

  • China foreign minister seeks stronger economic ties with Saudi Arabia | Reuters

    China's new foreign minister Qin Gang wants to build stronger ties with Saudi Arabia and set up a China-Gulf free trade zone "as soon as possible", according to a ministry statement published late on Monday. Qin, who was just recently named to the position, made the suggestion in a telephone conversation with his Saudi Arabian counterpart, Prince Faisal bin Farhan Al Saud, adding that China highly appreciates Saudi Arabia's consistent firm support on issues involving China's core interests.