Tag Archives: Xi Jinping

Putin, Xi Jinping sign second mega gas deal on new gas supply route

President Vladimir Putin and Chinese leader Xi Jinping have signed a memorandum of understanding on the so-called “western” gas supplies route to China. The agreement paves the way for a contract that would make China the biggest consumer of Russian gas.

Russia’s so-called “western” or “Altay” route would supply 30 billion cubic meters (bcm) of gas a year to China.

The new supply line comes in addition to the “eastern” route, through the “Power of Siberia” pipeline, which will annually deliver 38 bcm of gas to China. Work on that pipeline route has already begun after a $400 billion deal was clinched in May.

“After we have launched supplies via the “western route,” the volume of gas deliveries to China can exceed the current volumes of export to Europe,” Gazprom CEO Aleksey Miller told reporters, commenting on the deal.

Speaking to journalists on the eve of his visit to Beijing, Putin was optimistic about prospects for the new gas deal with China.

“We have reached an understanding in principle concerning the opening of the western route,” Putin said. “We have already agreed on many technical and commercial aspects of this project, laying a good basis for reaching final arrangements.”

The “western” route deal is one of the 17 agreements signed at the Sunday meeting between Putin and Xi.

Read more » RT
http://rt.com/business/203679-china-russia-gas-deal/

Pakistan wins $42b Chinese investment

Pakistan, China sign 19 agreements, MoUs relating to China-Pakistan Economic Corridor and electricity generation New pacts pave way for Chinese state-owned companies to help build at least four new power stations in Pakistan Chinese president, PM Sharif say Pakistan-China are ‘iron friends’, aim to create green channel for release of funds for development projects in Pakistan PM assures crackdown on terrorist forces such as the East Turkistan Islamic Movement and maintaining regional stability    China on Saturday promised Pakistan investments worth $42 billion, an official said, as Islamabad promised to help Beijing fight what it calls a terrorist threat in its far-west.  Prime Minister Nawaz Sharif oversaw the signing of 19 agreements and memorandums mostly centred on the energy sector as he met Chinese President Xi Jinping at the Great Hall of the People during his three-day visit to Beijing to discuss bilateral relations and the regional situation in Beijing.

Read more » Pakistan Today
http://www.pakistantoday.com.pk/2014/11/08/national/pakistan-wins-42b-chinese-investment/

At least 26 injured as police, protesters clash during Hong Kong protests

By Anjali Tsui, Euan McKirdy, Esther Pang and Vivian Kam, CNN

Hong Kong (CNN) — Police are in a tense standoff with tens of thousands of pro-democracy student demonstrators, recently joined by the like-minded Occupy Central movement, which has announced the formal start of a campaign of civil disobedience in the Chinese territory.

Read more » CNN
http://www.cnn.com/2014/09/28/world/asia/china-hong-kong-students/index.html?sr=sharebar_twitter

Chinese president likely to sign major deals in India

By Reuters

NEW DELHI: China will pledge to invest billions of dollars in India’s rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbours’ first summit since Narendra Modi became prime minister in May.

The leaders of Asia’s three major economies — China, India and Japan — have crisscrossed the region this month, lobbying for strategic influence, building defence ties, and seeking new business opportunities.

Read more » DAWN
http://www.dawn.com/news/1132042/

Chinese President Xi Jinping postponed his official visit to Pakistan

Pakistan political crisis prompts China President to postpone Pakistan visit: Sources

Sources say Chinese President did not get security clearance to continue with the scheduled tour.

ISLAMABAD (Dunya News) – Chinese President Xi Jinping on Thursday postponed his official visit to Pakistan after his security team withdrew the security clearance owing to the sit-in protest marches and ongoing political crisis in Pakistan, Dunya News reported citing sources.
Chinese President was offered to hold the meetings in Lahore as an alternative but the security clearance was not given by his team citing Lahore being densely populated as the reason.

Courtesy: Dunya News
http://dunyanews.tv/index.php/en/Pakistan/235386-Pakistan-political-crisis-prompts-China-President-

Russia-China deal: Even energy pivots East

By Patrick L Young

The thing about globalization is that it involves the whole world. Hence Russia exercises its option to pivot East when faced with an obdurate West.

Bubbles share a core attitude of mind: complete incapacity to recognize that the real world may not correspond to your immediate surroundings. Thus investors become absorbed by manias from tulip bulbs to the South Sea, the internet et al, and fail to realize that ‘asset’ values have fundamentally decoupled from reality.

Read more » http://rt.com/op-edge/160212-russia-china-gas-deal-east/

Ruble Challenges US Dollar Hegemony.

Russia’s Petro-Ruble Challenges US Dollar Hegemony. China Seeks Development of Eurasian Trade
China will re-open the old Silk Road as a new trading route linking Germany, Russia and China

By Peter Koenig, Global Research

Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners – no longer in dollars – see Voice of Russia Russia’s trade in hydrocarbons amounts to about a trillion dollars per year. Other countries, especially the BRICS and BRCIS-associates (BRICSA) may soon follow suit and join forces with Russia, abandoning the ‘petro-dollar’ as trading unit for oil and gas. This could amount to tens of trillions in loss for demand of petro-dollars per year (US GDP about 17 trillion dollars – December 2013) – leaving an important dent in the US economy would be an understatement.
Added to this is the declaration today by Russia’s Press TV – China will re-open the old Silk Road as a new trading route linking Germany, Russia and China, allowing to connect and develop new markets along the road, especially in Central Asia, where this new project will bring economic and political stability, and in Western China provinces, where “New Areas” of development will be created. The first one will be the Lanzhou New Area in China’s Northwestern Gansu Province, one of China’s poorest regions.

“During his visit to Duisburg, Chinese President Xi Jinping made a master stroke of economic diplomacy that runs directly counter to the Washington neo-conservative faction’s effort to bring a new confrontation between NATO and Russia.” (press TV, April 6, 2014)

“Using the role of Duisburg as the world’s largest inland harbor, an historic transportation hub of Europe and of Germany’s Ruhr steel industry center, he proposed that Germany and China cooperate on building a new “economic Silk Road” linking China and Europe. The implications for economic growth across Eurasia are staggering.”

Read more » Global Research
http://www.globalresearch.ca/russias-petro-ruble-challenges-us-dollar-hegemony-china-seeks-development-of-eurasian-trade/5377086

China: Growing Strikes, Corruption and Debt are Harbingers of coming Revolution

Written by Daniel Morley and Congyue Dai

Six months into China’s new Politburo Standing Committee under Xi Jinping’s Presidency, it has become abundantly clear that the next ten years under his rule will not resemble the relative social stability and rapid growth of the past ten years. The cart will not keep on rolling down the same path. Xi Jinping and the Chinese Communist Party stand at a crossroads, facing that classic dilemma of all ruling classes – either to open up to democratic reform or clamp down on growing dissent?

Underneath the bland, controlled and seemingly unchanging edifice of Hu Jintao’s Presidency China has been anything but unchanging. Millions have joined what is by far the world’s largest proletariat and started producing more and more commodities. Of particular interest to Marxists is the rebirth of the Chinese labour movement which is growing in confidence and organisation day by day. This fact is of infinitely greater significance in determining the new regime’s approach to reforming itself than the pleas of enlightened liberals.

According to China Labour Bulletin (CLB), the three months from June to August 2013 saw 183 strikes, 7% up from the previous three months and more than double the amount in the same period in 2012!

Read more » http://www.marxist.com/china-strikes-corruption-debt-harbinger-of-revolution.htm?fb_action_ids=739718982710238&fb_action_types=og.likes&fb_source=other_multiline&action_object_map={%22739718982710238%22%3A159396910938122}&action_type_map={%22739718982710238%22%3A%22og.likes%22}&action_ref_map=[]