terranMarine
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double o sevens on the run?
The Great Game Changer: Belt and Road Intiative (BRI; OBOR)
- Thread starter Pk_Thunder
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BHAN85
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They dont have imagination to invent excuses for bullying China due to AIIB and BRIC bank and now they copy ideas from james bond movies.
UK should worry more about USA dark plans than about imaginary China attacks.
China is a peaceful and respectful country in their foreign relations, unlike USA & UK.
Reashot Xigwin
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I have read the article it is full of crap seriously western media is becoming comedy like onion news.
cirr
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Russia and China broke into Snowden files to identify western spies, says MI6
Sunday Times says Downing Street believes both nations have hacked into American whistleblower’s files, and that agents have been put in peril
Edward Snowden takes part in an online Q&A session from Moscow last year. Photograph: Itar-Tass/Barcroft Media
James Tapper
Sunday 14 June 2015 01.02 BSTLast modified on Sunday 14 June 201508.37 BST
Downing Street believes that Russian and Chinese intelligence agencies have used documents from whistleblower Edward Snowden to identify British and US secret agents, according to a report in the Sunday Times.
The newspaper says MI6, Britain’s Secret Intelligence Service, has withdrawn agents from overseas operations because Russian security services had broken into encrypted files held by American computer analyst Snowden.
Snowden provided the Guardian with top secret documents from the US National Security Agency (NSA), which revealed that western intelligence agencies had been undertaking mass surveillance of phone and internet use.
He fled to Hong Kong, then to Moscow, and the Sunday Times claims that both Chinese and Russian security officials gained access to his files as a result.
The files held by Snowden were encrypted, but now British officials believe both countries have hacked into the files, according to the report.
The newspaper quotes a series of anonymous sources from Downing Street, the Home Office and British intelligence saying that the documents contained intelligence techniques and information that would enable foreign powers to identify British and American spies.
The newspaper quoted a “senior Downing Street source” saying that “Russians and Chinese have information”.
The source said “agents have had to be moved and that knowledge of how we operate has stopped us getting vital information”. The source said they had “no evidence” that anyone had been harmed.
A “senior Home Office source” was also quoted by the newspaper, saying: “Putin didn’t give him asylum for nothing. His documents were encrypted but they weren’t completely secure and we have now seen our agents and assets being targeted.”
The Sunday Times also quoted a “British intelligence source” saying that Russian and Chinese officials would be examining Snowden’s material for “years to come”.
“Snowden has done incalculable damage,” the intelligence source reportedly said. “In some cases the agencies have been forced to intervene and lift their agents from operations to prevent them from being identified and killed.”
A Downing Street spokeswoman told the Observer on Saturday night: “We don’t comment on leaks.”
Russia and China broke into Snowden files to identify western spies, says MI6 | US news | The Guardian
Sunday Times says Downing Street believes both nations have hacked into American whistleblower’s files, and that agents have been put in peril
Edward Snowden takes part in an online Q&A session from Moscow last year. Photograph: Itar-Tass/Barcroft Media
James Tapper
Sunday 14 June 2015 01.02 BSTLast modified on Sunday 14 June 201508.37 BST
Downing Street believes that Russian and Chinese intelligence agencies have used documents from whistleblower Edward Snowden to identify British and US secret agents, according to a report in the Sunday Times.
The newspaper says MI6, Britain’s Secret Intelligence Service, has withdrawn agents from overseas operations because Russian security services had broken into encrypted files held by American computer analyst Snowden.
Snowden provided the Guardian with top secret documents from the US National Security Agency (NSA), which revealed that western intelligence agencies had been undertaking mass surveillance of phone and internet use.
He fled to Hong Kong, then to Moscow, and the Sunday Times claims that both Chinese and Russian security officials gained access to his files as a result.
The files held by Snowden were encrypted, but now British officials believe both countries have hacked into the files, according to the report.
The newspaper quotes a series of anonymous sources from Downing Street, the Home Office and British intelligence saying that the documents contained intelligence techniques and information that would enable foreign powers to identify British and American spies.
The newspaper quoted a “senior Downing Street source” saying that “Russians and Chinese have information”.
The source said “agents have had to be moved and that knowledge of how we operate has stopped us getting vital information”. The source said they had “no evidence” that anyone had been harmed.
A “senior Home Office source” was also quoted by the newspaper, saying: “Putin didn’t give him asylum for nothing. His documents were encrypted but they weren’t completely secure and we have now seen our agents and assets being targeted.”
The Sunday Times also quoted a “British intelligence source” saying that Russian and Chinese officials would be examining Snowden’s material for “years to come”.
“Snowden has done incalculable damage,” the intelligence source reportedly said. “In some cases the agencies have been forced to intervene and lift their agents from operations to prevent them from being identified and killed.”
A Downing Street spokeswoman told the Observer on Saturday night: “We don’t comment on leaks.”
Russia and China broke into Snowden files to identify western spies, says MI6 | US news | The Guardian
cirr
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China’s overseas lending dominated by its One Belt, One Road initiative
One Belt One Road projects, including the Colombo Port City in Sri Lanka, aim to boost connectivity and commerce between China and 65 countries. Photo: Reuters
PUBLISHED: 4:16 AM, JUNE 22, 2015
BEIJING — China’s commitment to building infrastructure in countries covered by its One Belt, One Road initiative — a scheme to boost development along ancient “silk road” trading routes between China and Europe — is revealed by data showing that the lion’s share of Beijing’s recent overseas lending pledges have been in countries that lie along the routes.
A study by Grison’s Peak, a boutique investment bank based in London, shows that the majority of 67 overseas loan commitments made by Beijing’s largest policy lenders, the China Development Bank and the China Ex-Im Bank, have been in areas defined by the One Belt, One Road strategy since it was agreed upon in late 2013.
If loans to regions not included in the strategy — namely Latin America and west/central Africa — are excluded from calculations, the proportion of overseas state loans that were directed to countries on or close to the trading routes is 76 per cent of total overseas state lending by the institutions during the five quarters ended in March this year, the Grison’s Peak study shows.
The One Belt, One Road strategy, a key policy of the administration of President Xi Jinping, was first incorporated into official Communist party documents in late 2013. Its principal aim is to boost connectivity and commerce between China and 65 countries with a total population of 4.4 billion by building infrastructure and boosting financial and trade ties.
These aims also come through in the data crunched by Grison’s Peak. Loans for infrastructure projects, including road, rail and power schemes, made up 52 per cent of the 67 loans pledged, while trade finance accounted for a further 30 per cent. The value of the 67 loans included in the study was US$49.4 billion (S$66 billion).
The focus on infrastructure is consistent with what Dr Parag Khanna, senior fellow at the New America Foundation, describes as China’s strategy to build up “infrastructure alliances” with countries it regards as important for commercial and strategic reasons.
“Infrastructure is a way of asserting connectivity ... as a tool of geopolitical leverage,” Dr Khanna said. “Infrastructure, particularly railways, has been a tool of extending influence for a couple of hundred years now, but not necessarily on this scale.”
“China is winning the new ‘Great Game’ by building the new silk roads,” Dr Khanna said, referencing the 19th-century rivalry between Russia and Britain for influence in Central Asia.
“The silk road economic belt ... is not new. There are 25 years of evolution on these projects. The purpose has always been the same for China, to smooth the flow of commodity imports and to smooth the outbound flow of goods,” he added.
Just as in the development assistance programmes led by Western powers and Japan in previous decades, the policy bank loans extended under the One Belt, One Road initiative have mostly been tied to the involvement of Chinese firms, either as suppliers of machinery and raw materials or in constructing and operating projects.
Grison’s Peak found that 70 per cent of the loans pledged were linked to the involvement of a China-based corporation. While this has been standard for trade finance, it seems now to have become a regular feature of Chinese state lending to infrastructure projects overseas as well, the investment bank said.
Lastly, the concessionary nature of Chinese state lending may be diminishing. Although interest rate details on state loans overseas are often not disclosed, Grison’s Peak estimates that during the early stages of the One Belt, One Road project, rates “seemed to average 2 to 2.5 per cent”. More recently, they have been in the region of 4 to 4.5 per cent, it said. THE FINANCIAL TIMES
China’s overseas lending dominated by its One Belt, One Road initiative | TODAYonline
One Belt One Road projects, including the Colombo Port City in Sri Lanka, aim to boost connectivity and commerce between China and 65 countries. Photo: Reuters
PUBLISHED: 4:16 AM, JUNE 22, 2015
BEIJING — China’s commitment to building infrastructure in countries covered by its One Belt, One Road initiative — a scheme to boost development along ancient “silk road” trading routes between China and Europe — is revealed by data showing that the lion’s share of Beijing’s recent overseas lending pledges have been in countries that lie along the routes.
A study by Grison’s Peak, a boutique investment bank based in London, shows that the majority of 67 overseas loan commitments made by Beijing’s largest policy lenders, the China Development Bank and the China Ex-Im Bank, have been in areas defined by the One Belt, One Road strategy since it was agreed upon in late 2013.
If loans to regions not included in the strategy — namely Latin America and west/central Africa — are excluded from calculations, the proportion of overseas state loans that were directed to countries on or close to the trading routes is 76 per cent of total overseas state lending by the institutions during the five quarters ended in March this year, the Grison’s Peak study shows.
The One Belt, One Road strategy, a key policy of the administration of President Xi Jinping, was first incorporated into official Communist party documents in late 2013. Its principal aim is to boost connectivity and commerce between China and 65 countries with a total population of 4.4 billion by building infrastructure and boosting financial and trade ties.
These aims also come through in the data crunched by Grison’s Peak. Loans for infrastructure projects, including road, rail and power schemes, made up 52 per cent of the 67 loans pledged, while trade finance accounted for a further 30 per cent. The value of the 67 loans included in the study was US$49.4 billion (S$66 billion).
The focus on infrastructure is consistent with what Dr Parag Khanna, senior fellow at the New America Foundation, describes as China’s strategy to build up “infrastructure alliances” with countries it regards as important for commercial and strategic reasons.
“Infrastructure is a way of asserting connectivity ... as a tool of geopolitical leverage,” Dr Khanna said. “Infrastructure, particularly railways, has been a tool of extending influence for a couple of hundred years now, but not necessarily on this scale.”
“China is winning the new ‘Great Game’ by building the new silk roads,” Dr Khanna said, referencing the 19th-century rivalry between Russia and Britain for influence in Central Asia.
“The silk road economic belt ... is not new. There are 25 years of evolution on these projects. The purpose has always been the same for China, to smooth the flow of commodity imports and to smooth the outbound flow of goods,” he added.
Just as in the development assistance programmes led by Western powers and Japan in previous decades, the policy bank loans extended under the One Belt, One Road initiative have mostly been tied to the involvement of Chinese firms, either as suppliers of machinery and raw materials or in constructing and operating projects.
Grison’s Peak found that 70 per cent of the loans pledged were linked to the involvement of a China-based corporation. While this has been standard for trade finance, it seems now to have become a regular feature of Chinese state lending to infrastructure projects overseas as well, the investment bank said.
Lastly, the concessionary nature of Chinese state lending may be diminishing. Although interest rate details on state loans overseas are often not disclosed, Grison’s Peak estimates that during the early stages of the One Belt, One Road project, rates “seemed to average 2 to 2.5 per cent”. More recently, they have been in the region of 4 to 4.5 per cent, it said. THE FINANCIAL TIMES
China’s overseas lending dominated by its One Belt, One Road initiative | TODAYonline
NiceGuy
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China Leaves Russia High and Dry
Posted by Staff Reporter (media@realtytoday.com) on Jun 19, 2015 08:10 AM EDT
more big
The world thought that Russia and China were best friends being the two leading communist nations in the world. That may not be entirely correct as one of Russia's biggest banks grumbles that China has foregone doing business with them due to Western sanctions.
In a report by Wopular, the second largest lender in Russia, VTB Bank, said that majority of Chinese banks have ceased transacting with them following EU-US sanctions on Russia.
Yuri Soloviev, First Deputy Chairman of VTB Bank said that Chinese banks were not financing Russian trade, at least not through them. They also do not carry out interbank transactions and have considerably restricted their participation in Russia's trade deals.
It seemed that Chinese banks don't want to be deeply involved with the disagreement between western nations and Russia with regards to Russia's war in Crimea. After all, China has more business with the U.S. and Europe than with Russia.
China's unclear position and apparent reluctance to help Russian banks in the wake of US and EU sanctions is a major concern that can inhibit progress toward greater bilateral cooperation.
Russia's top banks Sberbank and VTB were sanctioned last year by the U.S. and European Union for Russia's unofficial support of a separatist uprising in eastern Ukraine. Since the sanctions began, Russia has been pressing its friendship with China to get through the rain. It may not have been peddling enough as China seemed diffident and unreliable.
In a related report of Forbes, economic indicators show that the recession in Russia will likely to get worse. Industrial production decreases by 5.5% and investment fell by 7.6% annually. While consumer demand improved moderately, real wages and retail sales actually fell by 7.3% and 9.2%, respectively.
While the Russian economy has effectively maintained their below consensus forecast of -4% GDP this year, the prospect for a recovery and better economy seemed far away especially with their supposedly best friend China is disobliging.
China Leaves Russia High and Dry : News : Realty Today
Posted by Staff Reporter (media@realtytoday.com) on Jun 19, 2015 08:10 AM EDT
The world thought that Russia and China were best friends being the two leading communist nations in the world. That may not be entirely correct as one of Russia's biggest banks grumbles that China has foregone doing business with them due to Western sanctions.
In a report by Wopular, the second largest lender in Russia, VTB Bank, said that majority of Chinese banks have ceased transacting with them following EU-US sanctions on Russia.
Yuri Soloviev, First Deputy Chairman of VTB Bank said that Chinese banks were not financing Russian trade, at least not through them. They also do not carry out interbank transactions and have considerably restricted their participation in Russia's trade deals.
It seemed that Chinese banks don't want to be deeply involved with the disagreement between western nations and Russia with regards to Russia's war in Crimea. After all, China has more business with the U.S. and Europe than with Russia.
China's unclear position and apparent reluctance to help Russian banks in the wake of US and EU sanctions is a major concern that can inhibit progress toward greater bilateral cooperation.
Russia's top banks Sberbank and VTB were sanctioned last year by the U.S. and European Union for Russia's unofficial support of a separatist uprising in eastern Ukraine. Since the sanctions began, Russia has been pressing its friendship with China to get through the rain. It may not have been peddling enough as China seemed diffident and unreliable.
In a related report of Forbes, economic indicators show that the recession in Russia will likely to get worse. Industrial production decreases by 5.5% and investment fell by 7.6% annually. While consumer demand improved moderately, real wages and retail sales actually fell by 7.3% and 9.2%, respectively.
While the Russian economy has effectively maintained their below consensus forecast of -4% GDP this year, the prospect for a recovery and better economy seemed far away especially with their supposedly best friend China is disobliging.
China Leaves Russia High and Dry : News : Realty Today
third eye
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I think its possibly less to do with EU & US and more to do with return on investments.
No bank would like to have non performing assets. If the ability to repay seems weak so will be the funding.
In the financial world there are no friends.
No bank would like to have non performing assets. If the ability to repay seems weak so will be the funding.
In the financial world there are no friends.
TaiShang
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Investment and business continue as usual. It is normal for businesses to be more cautious because those companies are also doing business in the US and do not want to lose money there. Necessary arrangements are being made, including alternative payment system.
Besides, as @third eye says, finance is extremely risk averse.
***
Chinese Company to Invest in Aquaculture Project in Russia
22.06.2015
China’s Wen Lian Aquaculture Company plans to invest 15 billion rubles in a biotechnopark in the Russian Far East, the Primorye Region’s administration announced on Monday.
“Wen Lian Aquaculture Сompany is willing to actively participate in the projected creation of a biotechnopark on the Advanced Development Territory on Russky Island near Vladivostok,” the Primorye Region's deputy governor Sergei Nekhaev said after discussing with the Chinese company’s board chairman Qui Laizhong the prospects of investments into the region’s aquaculture and tourism.
Wen Lian Aquaculture Company Ltd. has been working in Russia since 2011 and has shown a great deal of interest in developing the island’s aquaculture as part of the Advanced Development Territories project.
“We want to grow sea cucumber and scallop spawn here and would like to become the first residents of this Advanced Development Territory,” Qui Laizhong said.
Sergei Nekhaev also briefed his Chinese partners on the resort and entertainment zone and the Vladivostok Free Port projects, which will turn the region into a major tourist hub.
Qui Laizhong said his company would like to join in the effort to make these two projects happen as well.
Wen Lian Aquaculture Company Ltd. grows, distributes, markets, and sells specialty seafood products.
The Company produces seed for scallops, geoducks and sea cucumbers for aquaculture farms.
***
Alibaba Sees Business Potential in Russia
2015-06-23
File photo taken on March 25, 2014 shows a staff member working at Alibaba Group's Xixi base in Hangzhou, capital of east China's Zhejiang Province. [Photo: xinhua]
China's e-commerce giant Alibaba is making a move in Russia to develop an online trading market.
Founder and chairman of the company Jack Ma says although they have only one employee working in Russia, Ali Express managed to become the No.1 most-visited e-commerce website in the country.
Launched in 2010, Ali Express allows smaller buyers around the world to buy small quantities of goods at wholesale prices.
Ali Express' rapid expansion in Russia proves the huge potential and consumer demand for e-commerce in the country.
The company is planning to invest more in human resources and technology in order to expand businesses in Russia, and help Russian enterprises to sell their products to China and other parts of the world.
Last week, Ma was in Russia to attend the St. Petersburg International Economic Forum.
He also met with Russian officials on different issues concerning e-commerce.
Besides, as @third eye says, finance is extremely risk averse.
***
Chinese Company to Invest in Aquaculture Project in Russia
22.06.2015
China’s Wen Lian Aquaculture Company plans to invest 15 billion rubles in a biotechnopark in the Russian Far East, the Primorye Region’s administration announced on Monday.
“Wen Lian Aquaculture Сompany is willing to actively participate in the projected creation of a biotechnopark on the Advanced Development Territory on Russky Island near Vladivostok,” the Primorye Region's deputy governor Sergei Nekhaev said after discussing with the Chinese company’s board chairman Qui Laizhong the prospects of investments into the region’s aquaculture and tourism.
Wen Lian Aquaculture Company Ltd. has been working in Russia since 2011 and has shown a great deal of interest in developing the island’s aquaculture as part of the Advanced Development Territories project.
“We want to grow sea cucumber and scallop spawn here and would like to become the first residents of this Advanced Development Territory,” Qui Laizhong said.
Sergei Nekhaev also briefed his Chinese partners on the resort and entertainment zone and the Vladivostok Free Port projects, which will turn the region into a major tourist hub.
Qui Laizhong said his company would like to join in the effort to make these two projects happen as well.
Wen Lian Aquaculture Company Ltd. grows, distributes, markets, and sells specialty seafood products.
The Company produces seed for scallops, geoducks and sea cucumbers for aquaculture farms.
***
Alibaba Sees Business Potential in Russia
2015-06-23
File photo taken on March 25, 2014 shows a staff member working at Alibaba Group's Xixi base in Hangzhou, capital of east China's Zhejiang Province. [Photo: xinhua]
China's e-commerce giant Alibaba is making a move in Russia to develop an online trading market.
Founder and chairman of the company Jack Ma says although they have only one employee working in Russia, Ali Express managed to become the No.1 most-visited e-commerce website in the country.
Launched in 2010, Ali Express allows smaller buyers around the world to buy small quantities of goods at wholesale prices.
Ali Express' rapid expansion in Russia proves the huge potential and consumer demand for e-commerce in the country.
The company is planning to invest more in human resources and technology in order to expand businesses in Russia, and help Russian enterprises to sell their products to China and other parts of the world.
Last week, Ma was in Russia to attend the St. Petersburg International Economic Forum.
He also met with Russian officials on different issues concerning e-commerce.
Chinese-Dragon
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Talking about being left high and dry，who is coming to rescue Vietnam when a future war with China breaks out？
The same ones who rescued them when we took the Xisha/Paracel islands from them.
I.e. No one.
LacViet
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The same ones who rescued them when we took the Xisha/Paracel islands from them.
I.e. No one.
This id dream of China.
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