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Tag: silk road

Kyodo via AP Images

China Turns to Islamic Finance to Expand Silk Road

(Reuters) Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds.

Mao (Greg Baker / AFP / Getty)

China Just Nationalized $6 Trillion of Stock Losses

China’s stock market had what traders call a “Dead Kitty” bounce on Thursday as the communist authorities dispatched police and security personnel to “encourage” insider-buying and to arrest short sellers. With the Chinese market still highly inflated even after falling $3 trillion in value, China took action last night to “nationalize” about $6 trillion in losses.

Jim Maurer/Flickr

China Seeks to Reshape the World’s Economy with a New ‘Silk Road’

A few weeks ago, Breitbart News took a look at China’s plans to rebuild the fabled “Silk Road” trade route through Asia and Europe. It is an ambitious plan to construct roads, railways, and shipping lanes, potentially consuming a large portion of the construction and transportation capital China has hoarded. Some analysts are skeptical of the plan, believing China is talking a much bigger game than it intends to play.

AFP Photo

Vladimir Putin, Xi Jinping Sign Economic and Agricultural Agreements

It is Victory Day in Europe and Russia, but Russian President Vladimir Putin met with Chinese President Xi Jinping instead of celebrating with his World War II allies. The talks include agreements on the economy and energy as Russia continues to suffer under sanctions for the country’s invasion of Ukraine.