Belt and Road Initiative

China Calls Strong U.S. Dollar a ‘Crisis’

China’s state-run Global Times on Tuesday denounced the strong U.S. dollar as a “crisis” for the rest of the world because it increases the “financial risks facing emerging markets” and allegedly makes it harder for other nations to implement anti-inflationary policies.

Face to face of US dollar banknote and China Yuan banknote

China Offers Sri Lanka Economic Aid After Destroying Its Domestic Industries

Sri Lankan Prime Minister Ranil Wickremesinghe on Monday said he would ask China for foreign aid again, after Beijing turned down a proposed $1.5 billion currency swap. China was a major contributor to Sri Lanka’s economic implosion, having destroyed some of the island’s key industries and bankrolled its corrupt socialist government with loans that could never be repaid.

Chinese Foreign Minister Wang Yi, left, poses for media before his meeting with Sri Lankan Prime Minister Mahinda Rajapaksa in Colombo, Sri Lanka, Sunday, January 9, 2022. (Eranga Jayawardena/AP)

Two Decades After Iraq War Began, China Colonizes Iraq’s Oilfields

Twenty years after the United States invested blood and treasure in liberating Iraq from the rule of Saddam Hussein, China is attempting to lock up control of Iraq’s oilfields. The Western intervention in Iraq was denounced by critics as a “war for oil,” but in the end, the great authoritarian menace of the 21st Century is close to taking control of Iraq’s energy resources.

FILE - In this Jan. 24, 2004 file photo, fires flare off the gas from crude oil at Iraq's oldest oil processing plant in the northern Iraqi town of Baba Gurgur, outside of Kirkuk, Iraq's Oil Ministry says Iraq has resumed exports from its oil fields around Kirkuk, one year …

China: Xi Jinping Encourages World to Embrace Taliban

Chinese dictator Xi Jinping praised the “sovereignty, independence and territorial integrity” of Afghanistan in a message to a foreign ministers’ meeting featuring a Taliban representative on Thursday, encouraging neighboring countries to “do their best” to support the “Afghan people.”

Taliban

Belt and Road Biden: How Hunter Helped China’s Hegemonic Scheme to Overtake the U.S.

The business relationships between President Joe Biden’s son Hunter and Chinese Communist Party elites are explored in Peter Schweizer’s new book “Red-Handed: How American Elites Get Rich Helping China Win.” Some of Hunter’s Chinese deals were helpful to the Belt and Road Initiative (BRI), China’s colonialist scheme for buying influence across the Third World and luring poor nations into taking loans from Chinese banks they can never repay.

hunter-biden-xi-toasting-getty

China’s Belt and Road Reaches Central America

China’s state-run Global Times on Wednesday celebrated the inauguration of leftist dictator Daniel Ortega – beginning his fourth term as president of Nicaragua after a rigged election denounced by worldwide democracy activists and the Organization of American States – as a big victory for China’s Belt and Road Initiative (BRI).

A woman and children walk by a mural depicting Nicaragua's President Daniel Ortega in Managua on January 10, 2122, day in which he starts his fourth term. (Photo by Oswaldo RIVAS / AFP) (Photo by OSWALDO RIVAS/AFP via Getty Images)

Sri Lanka Begs China for Off-Ramp from Belt and Road Debt Trap

Sri Lankan President Gotabaya Rajapaksa on Sunday asked Chinese Foreign Minister Wang Yi to restructure payments for the roughly $5 billion Sri Lanka borrowed from China to build wasteful and unproductive projects under China’s Belt and Road Initiative (BRI). Critics describe BRI as a form of colonialism, a “debt trap” set by imperialist China for Third World countries, and Sri Lanka often serves as Exhibit A for the prosecution.

Gotabaya Rajapaksa

China Buys Up Support in War-Torn Third World

The Chinese government is racking up favors from Third World leaders by intervening in conflict zones to offer economic support and security assistance, buying itself positions everywhere from Africa to the Middle East.

This photo taken 03 October, 2007 shows military officers saluting for a group photo beneath a display of national flags at a park in Beijing. China's ruling Communist Party's five-yearly gathering, it's 17th Party Congress, begins 15 October with President Hu Jintao expected to make bold power plays to cement …

Cuba Signs Belt and Road Energy Pact with China

The Cuban Communist Party joined the official “Energy Alliance” of the Belt and Road Initiative (BRI) this week – an extension of the Chinese global infrastructure program focused on developing energy infrastructure globally.

China's President Xi Jinping (centre R) attends a meeting with Cuba's First Vice President of the Council of State Miguel Diaz-Canel (centre L) at the Great Hall of the People on June 18, 2013. Diaz-Canel is on an official visit to China from June 17 to 19. AFP PHOTO / …

Analysts Say Zambia Concealed Half of its $6.6 Billion Debt to China

Analysts from the China Africa Research Initiative (CARI), a Johns Hopkins University project to study China’s political and economic influence among African nations, said on Tuesday the African nation of Zambia owes $6.6 billion to China – more than double the amount claimed by former President Edgar Lungu. 

Zambia's President Edgar Lungu (L) shakes hands with China's President Xi Jinping before their bilateral meeting at the Great Hall of the People on September 1, 2018. - Lungu is in China for the Forum on China-Africa Cooperation which will be held in Beijing on September 3 and 4. (Photo …