Tag Archives: China

China | China’s Xi offers $60bn in financial support to Africa

Xi Jinping pledges $60bn in financial aid to African countries and pledges to write off debt for poorer nations.

China’s President Xi Jinping has offered $60bn in financial support to African countries and written off debt for the continent’s poorer nations.

Do Not be Distracted by Rising Imperialists

Seven years after formally ceasing operations, the US navy’s 2nd fleet has been reactivated and ordered to the northern Atlantic as a means of confronting “bad actors” they believe hostile to imperialist interests. It is more than obvious these “actors” are in fact one actor—Russia. This is riding a high-tide of inter-imperialist tension and rivalry over control in strategic political and economic areas throughout the Third World. The United States, desperately attempting to hold onto its empire, sees any and all Russian activity—even its existence—as a threat to its survival. This is by no means exclusive to the Russian imperialists. China is a power capable of dislodging American imperialist hegemony from strategic markets, a reality that has stoked a similar policy in Asia.

Russia | Russia announces vast scale of world’s biggest military exercise since cold war – and China is taking part

Russia will flex its military muscles and hold the world’s biggest war games since the cold war era next month, including almost 300,000 troops and 1,000 aircraft, the defence ministry said, leading Nato to warn of a “more assertive Russia”.

The Vostok-2018, or East 18, exercises simulating large-scale warfare, which the Kremlin called “justified”, will be carried out from September 11 to 15 in the country’s east, with troops from China and Mongolia also taking part.

China | China works on enlarging its middle-income group

China is working on measures to enlarge its middle-income group, including increasing earnings for the low-income class, equalizing public services and reforming taxation, as Economic Information Daily reported Thursday.

The report cited data from the China Institute for Income Distribution of Beijing Normal University, showing that the middle-income class is expected to scale up to 43 percent in 2020 if there are no policy changes, while the figure could reach up to 50 percent with preferential policies.

North Korea Has the Upper Hand in Negotiations with Trump

by Vijay Prashad

North Korea’s Kim Jong-un met with Donald Trump of the United States in Singapore. This was the first meeting of the heads of government of these two countries. The United States has been at war with North Korea since 1950. Three years into that war, which destroyed most of the infrastructure in North Korea, the two countries—and South Korea—agreed to a halt in the active fighting. But the war did not end. It remains intact. A massive military deployment by the United States at the edge of North Korea maintains the fear inside the Korean Peninsula of annihilation. This is what makes the summit between Kim and Trump so important. Threats of war are now at a low point.