A massive Chinese-led plan to develop Egypt’s new administrative capital has been shelved following financial disagreements between the two sides, Bloomberg reports. Egyptian authorities officially terminated a two-year negotiation process by advising China Fortune Land Development Co. (CFLD) that the government was withdrawing from the deal. The project was to develop 15,000 acres of land […]
Category: Politics & Society
The big story all week was the detention by the Canadian authorities in Vancouver of the CFO of Huawei at the request of the U.S. Justice Department, which wants her extradited to the United States to face charges relating to alleged infractions of U.S. sanctions and related financial transactions. Ms Meng is not just your […]
US national security adviser John Bolton railed against what he called “predatory practices” by China and Russia in Africa, which pose a threat to the established but neglected American presence on the continent, the Wall Street Journal reports. “China uses bribes, opaque agreements and the strategic use of debt to hold states in Africa captive […]
China may be revising a major industrial policy known as Made in China 2025 under pressure from the United States, introducing new measures that will grant greater access for foreign companies to China’s technology sector, sources told the Wall Street Journal. ‘Made in China 2025’ is a comprehensive development strategy in a group of key […]
Top-ranking US security officials have warned that China’s use of cyber espionage and stealing of intellectual property are significant risks for the country’s economic security, Bloomberg reports. “What hangs in the balance is not just the future of the United States, but the future of the world,” said Bill Priestap, assistant director of the FBI […]