beltandroadinitiative
Xi Jinping arrived in Europe earlier this week lugging some heavy economic baggage. With foreign direct investment into China plunging 82% to just $33 billion (€30.5bn) in 2023 — a three-decade low — one might have expected Xi's tour to be a full-fledged charm offensive aimed at wooing back skittish European investors and businesses. However, the authoritarian leader's trip was anything but charming. Rather than candidly address the headwinds battering China's economy and appease anxious trading partners, Xi doubled down on the same tone deaf tactics that have defined his authoritarian rule fo...
Euronews (English)
Ahead of the Chinese President's visit to Serbia and Hungary on the latest leg of his European visit, Xi Jinping was taken by France's President Emmanuel Macron to the Pyrenees mountains. Macron entertained Xi on Tuesday with lunch near the birthplace of his maternal grandmother at what was a more personal engagement following Monday's formal discussions in Paris. Those negotiations, also attended by European Commission President Ursula von der Leyen, focused heavily on trade disputes, in particular the matter of Chinese goods being imported into Europe. The trade conundrumThe European Commiss...
Euronews (English)
As the world pours over the intricate details of hostage releases, trucks of humanitarian aid, or even dimensions of Hamas' tunnels, we are in serious danger of missing the wood for the trees. The ongoing multi-front Iranian attack on Israel by Hezbollah in the north, Hamas in the centre, and Houthis in the south, has been minimised and rebranded as a Hamas-Israel war. But the actual wood is even wider. The announcement of the India-Middle East-Europe Economic Corridor, or IMEC, just weeks prior was what actually triggered the 7 October attacks. Unsettling the Russia-China-Iran axis sparked th...
Euronews (English)
Hungary was the first European country to sign on to China’s trillion-euro Belt and Road Initiative. With Italy leaving the Belt and Road, or BRI, last year, and others in Europe expressing concern about engagement with China, Budapest may also soon be one of the last remaining links of the BRI to Europe. By all appearances, the BRI is in retreat, with Chinese infrastructure spending down around the world as Beijing deals with a troubling track record of BRI corruption, waste, debt distress, and failing projects. But as the infrastructure and ambitions for the BRI fade, something more dangerou...
Euronews (English)
In his Weekend Reading Notes to investors, while commenting on a possible second term for Jerome Powell as Fed Chairman, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more Janet Yellen Backs Jerome Powell For A Second TermIt’s not surprising to see that Janet Yellen has already backed Jerome Powell for a second term as Fed Chairman (see Bloomberg article, “Yellen Backs Powell Reappointment, Boosting Second-Term Odds,” August 21, 2021). Jerome Powell has been signaling his own desire to serve a second term by focusing on inclusive employment, mentioning multiple times that ...
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