The China-led Asian Infrastructure Investment Bank (AIIB) will commit half a billion dollars to bonds that will fund sustainable energy and transportation programs, the Wall Street Journal reports. The restrained move is a small fraction of the $100 billion the bank attracted when it launched in 2016, which it has applied minimally despite the number […]
Category: Politics & Society
The Chinese embassy in Kuala Lumpur has denied claims that Beijing officials offered to bail out a corrupt Malaysian sovereign wealth fund – known as 1MDB – and deflect US interest in the scandal, following reports by the Wall Street Journal. The story broke that in 2016 China was in talks with the now former […]
Senior Chinese leaders were in talks with the Malaysian government in 2016 to bail out a graft-ridden sovereign wealth fund, according to investigative reporting by the Wall Street Journal that adds weight to speculation that Beijing had been involved in the scandal. A series of meetings organised by the Journal have revealed that Chinese officials told […]
Chinese Vice Premier in charge of economic affairs, Liu He, made a surprise appearance at Monday’s sitting of the latest round of trade negotiations between Washington and Beijing, Bloomberg reports. Liu, considered Xi Jinping’s right-hand man when it comes to managing the economy, previously led the Chinese team during a series of talks in Washington […]
A delegation from Washington led by US deputy trade representative Jeff Gerrish will start the latest round of US-China trade negotiations in Beijing on Monday. These will be the first face-to-face talks between high-level representatives since the two sides agreed to a tariff ceasefire in November. Gerrish is joined by officials from the US agriculture […]