U.S. Secretary of State Antony Blinken met Friday with Chinese President Xi Jinping and senior Chinese officials, stressing the importance of “responsibly managing” the differences between the United States and China as the two sides butted heads over a number of contentious bilateral, regional and global issues. Talks between the two sides have increased in […]
Using firm-level data from the global supply network, researchers from the Complexity Science Hub (CSH) quantified countries' exposure to production losses caused by firm defaults in other countries. According to their findings, wealthy nations are only exposed to supply chain disruptions from other high-income countries, while poor and developing nations are exposed to shocks from all countries.
China Is Leading The Global Nuclear-Power Build-Out Authored by Tsvetana Paraskova via OilPrice.com, China is currently constructing a total of 26 nuclear power units with a combined capacity of 30.3 gigawatts (GW), the highest in the world, according to a report by the China Nuclear Energy Association (CNEA) cited by local media. China's nuclear power units Hualong One in Fuqing, Fujian Province, China. /CFP Last year, China approved the development of five new nuclear power...
China’s Global Security Initiative (GSI) marks a new phase in Beijing’s ongoing push to change the international security order. Through the GSI, China seeks to establish itself as a counterbalance to U.S. influence and to reshape security management in a number of strategically important regions. The GSI is still in the early stages of implementation, but it has already demonstrated the potential to disrupt the existing security framework in Southeast Asia. This may lead to increased...
Treasurer Jim Chalmers is warning of softer revenue growth in the federal budget as China’s downturn persists and conflict in the Middle East casts a shadow over the global economy. The Albanese government’s third budget is due to be delivered on May 14, with a second surplus still the goal in 2023/24. However, Mr Chalmers […]
China has taken big stakes in mines across the world extracting minerals vital to the green economy.
At least two countries have declared bankruptcy due to an inability to repay foreign interest payments, primarily to China.
The U.S.-China rivalry has a new flashpoint in the battle for technology supremacy: electric cars. So far, the U.S. is losing. Last year, China became the world’s foremost auto exporter, according to the China Passenger Car Assn., surpassing Japan with more than 5 million sales overseas. New energy vehicles accounted for about 25% of those exports, and more than half of those were created by Chinese brands, a shift from the traditional assembly role China has played for foreign automakers. “The...
Congressional Republicans are calling on President Joe Biden to abandon plans for a pandemic treaty that would strengthen the World Health Organization, citing that global Read More
This year marks the second anniversary of the proposal of the Global Security Initiative, which advocates a new path to security featuring dialogue over confrontation, partnership over alliance, and win-win over zero-sum.
The 27th Chinese Peacekeeping Contingent to the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (DRC) was recently awarded the UN Peace Medal for their dedication and professionalism through their mission.Not
Honda announced plans to invest $11 billion in Ontario, Canada, to establish a comprehensive EV value chain.