China continues to borrow an average of $2 billion a year from the World Bank, making it one of the Bank’s top borrowers—despite being the world’s second-largest economy and itself a major global lender, according to our study
The new Macau. That's what the Cambodian coastal city Sihanoukville is called nowadays. Chinese investors are building casinos there on a massive scale.The southern port city lies on the new Silk Road (the so called 'One Belt, One Road') and is therefore interesting for China.The Cambodian government is happy to accept the money. And Beijing never asks difficult questions.
As in other Latin American countries, in recent years China has been a strong investor in Argentina. The environmental impact and economic benefits of this phenomenon, however, are a subject of discussion among local stakeholders.
The first thing anyone who looks at any official document this year in Argentina will read is: “2017, the year of renewable energies.” This indicates the importance that the government gives to the issue, although translating the slogan into reality does not seem as easy as putting it in the headings of public documents.
Hand in hand with UN Environment and the Inter-American Development Bank (IDB), the People’s Bank of China (PBoC) disembarked in the Argentine capital to prompt this country to adopt and promote the agenda of so-called green finance, which supports clean or sustainable development projects and combats climate change.
Two new nuclear power plants, to cost 14 billion dollars, will give a new impetus to Argentina’s relation with atomic energy, which began over 60 years ago. President Mauricio Macri made the announcement from China, the country that is to finance 85 per cent of the works.
In a last-ditch effort, Germany and China are trying to influence the United States not to walk away from the Paris climate change accord it signed along with 194 nations.
“Pursuing protectionism is like locking oneself in a dark room,” Chinese President Xi Jinping warned the assembled leaders at the World Economic Forum earlier this year. “While wind and rain may be kept outside, that dark room will also block light and air.”
As balmy night settles over Djibouti City, the arc lights come on at its growing network of ports as ships are offloaded 24 hours a day and trucks laden with cargo depart westwards into the Horn of Africa interior.
Beragama is a typical Sri Lankan rural village, with lush green paddy fields interspersed by small houses and the village temple standing at the highest location. Despite being close to the island’s second international harbour and its second international airport, Beragama appears untouched by modernity.
Yet another new year has dawned. But 2017 will be a year like no other.
Despite bilateral dissonances and an unresolved boundary issue, India and China -- two of the world's most ancient civilisations -- are engaged in vigorous cooperation at various levels. The Asian neighbours' relationship has also focussed global attention in recent years on Asia's demographically dominant, major developing economies engaged in common concerns of poverty alleviation and national development.
The world’s super-polluters - the United States and China - have formally joined the Paris Agreement on climate change in a symbolic show of unity.
They come from Bangladesh, China, India and Madagascar, mainly to run the machines in the textile industry here. But they do all kinds of other jobs too, from masons to bakers, house cleaners and gardeners.
Chen Weihua, deputy editor of China Daily, USA, talked with MYRON NORDQUIST in a telephone interview regarding the South China Sea arbitration case initiated by Manila against Beijing before the Permanent Court of Arbitration, in The Hague, Netherlands.
Argentina’s new government is reviewing several major projects to be carried out jointly with China. But aside from a few changes in priorities, the administration is not expected to put the brakes on an alliance that Beijing classifies as strategic.
The Paris climate change agreement adopted at the end of 2015 has put renewable energy at the heart of global energy system with investments expected to grow further even amidst the decline in fossil fuels.
The rich and the powerful, who meet every year at the World Economic Forum (WEF), were in a gloomy mood this time. Not only because the day they met close to eight trillion dollars has been wiped off global equity markets by a "correction". But because no leader could be in a buoyant mood.
President Tommy Remengesau Jr. of the Pacific island nation of Palau has cemented a legacy as the world’s most effective protector of marine life by creating a giant marine reserve that will directly benefit his people through increasing tourism and securing its food supply, scientists say.
With Goldman Sachs folding up its haemorrhaging BRIC fund, is it curtains for the acronym that defined the investment bankers’ fancy for emerging markets? It certainly appears so after China’s stock market crash and a fast slowing economy triggered fears that the dragon will set off the next global recession.
On a late Friday afternoon as choking smog descended on the Indian Capital, Francois Richier, the French ambassador to India , took some hard questions from scores of journalists about the upcoming climate change talks in Paris this month.