Is US Ready To Recognize China As World Power? — People’s Daily
The U.S. government has repeatedly made it clear that it would welcome China’s entrance into the world arena as a power.
Archive for the ‘China’ Category
Is China A World Power?
Posted by Bookyards on July 30th, 2010
Posted in China 
Tags: Alliances, Bilateral Ties, Central Government, China People, Contempt, Financial Resources, Lip Service, Manpower, Military Exercises, Motivations, North Korea, Regional Differences, Rocky Relations, Roller Coaster, S South, South China Sea, Ups, Ups And Downs, World Arena, World Stage 
Comments OffChina’s Soft Power Is More Effective Than The West’s
Posted by Bookyards on July 29th, 2010
China’s Soft Power Is A Threat To The West — Spiegel OnlineChina may have no intentions of using its growing military might, but that is of little comfort for Western countries.
Posted in China Tags: Beijing, Centuries, China Threat, Chinese Foreign Minister, Europeans, Footing, Military Presence, Resignation, Spiegel, Spiegel Online, Toys, United Nations, Western Countries, World Trade Organization Comments OffChina moves from aid recipient to donor
Posted by UpdatedFrequently on July 10th, 2010
As China’s economy boomed it soon thereafter moved from being an aid recipient to an aid donor. The rich nations have stopped giving aid to China in recent years, but now view China’s aid to poor nations with suspicion.
Posted in China Tags: Aid Donor, Aid Projects, Andrew Mitchell, China, China Moves, China Prc, Chinnese aid, Congressional Research Service, Diplomatic Presence, Economic Interests, Inter Press Service, International Goodwill, Latin American Countries, Moxley, Natural Resource Development, One Billion Dollars, Poverty Rate, Public Works Projects, Republic Of China, Service Writer, South East Asia, Strategic Objectives Comments OffChina, Congo agreement severed to obtain debt relief
Posted by UpdatedFrequently on August 19th, 2009
In order to get a chance to have 11 billion dollars of debt forgiven, the Democratic Republic of Congo had to sacrifice 3 billion dollars in infrastructure improvement financed by China.
An agreement that would have allowed China to build copper mines in Congo in exchange for 3 billion dollars in infrastructure had to be altered. The International Monetary Fund wouldn’t grant debt forgiveness unless the deal was changed.
For a further explanation of the announcement, we go to this snippet from Financial Times reporter Barney Jopson.
Under the original deal, a consortium of state-owned Chinese companies agreed to build roads, railways, hospitals and universities in return for the right to develop a copper and cobalt mine.
But pressure to alter it had come from western donors that refused to offer Congo relief on historic debt of $11bn because of concerns over state financial guarantees the deal contained, which could threaten Congo’s ability to manage its debt.
“During our visit, the authorities … told us that the partners have accepted the amendments in the project of the Sino-Congolese agreement, including the removal of the government’s guarantee on the mining project,” Mr Ames said.
Congo is eager to take advantage of a debt relief scheme for poor countries and to access new forms of western development aid, but it cannot do so until the IMF approves a new programme for the country, which it had not been ready to do.
The $9bn financing was split into three tranches of $3bn: one for setting up the mining operation and two for nationwide infrastructure investments, including more than 3,500km of roads and nearly 3,000km of railways.
But Jean-Claude Masangu, governor of Congo’s central bank, told the same press conference that the second $3bn infrastructure part of the project, which had also raised IMF concerns, had been suspended.
The IMF and the Paris Club of creditors had led western opposition to the state guarantees in the overall deal, which earmarked government revenues and made China a privileged creditor.
Posted in China Tags: Billion Dollars, China, Chinese Companies, Congo, Copper Mines, Debt Forgiveness, Debt Relief Scheme, Democratic Republic Of Congo, Financial Times, Imf, Infrastructure Improvement, Infrastructure Investments, International Monetary Fund, Mining Project, Paris Club, Poor Countries, Republic Of Congo, S Central, State Guarantees, Times Reporter, Tranches, Western Donors Comments OffFollow up on the Chinese lead poisoning
Posted by UpdatedFrequently on August 18th, 2009
Posted in China Tags: Brain Damage, Bud, Cancer, China, China Daily, Couple Of Days, effects on health, Fraction, Km 0, Lead Poisoning, Muscle Weakness, New Homes, Pollution, Product Safety Standards, Promises, Protests, Reuters Story, Slow Response, Swallows, Tension, Two Thirds, Unrest Comments Off
