Shanghai Cooperation Organisation (SCO) and Global South strategic cooperation
- Thread starter Strangelove
- Start date
On FOCAC, looks like China is going for more of a security relationship with Africa
the entire debt trap narrative is frankly not worth China's time. I think they were just bad at assessing loans that made sense. This new approach of "small is beautiful" and FDI into mines and local manufacturing for market access is far more logical.
the entire debt trap narrative is frankly not worth China's time. I think they were just bad at assessing loans that made sense. This new approach of "small is beautiful" and FDI into mines and local manufacturing for market access is far more logical.
Rosatom is not sanctioned yet though. At least not officially. If the West sanctioned bank transfers to Rosatom how would they pay for their enriched uranium then?
You will likely only start to see real sanctions after the West expands its uranium enrichment capabilities.
You will likely only start to see real sanctions after the West expands its uranium enrichment capabilities.
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Li Qiang is visiting Saudi Arabia followed by UAE.
guess what, when you have a tech industry. that's hard power
guess what, when you have a tech industry. that's hard power
Nothing to do with sanctions, read this sentence of the article.
Moscow has requested that the outstanding payments be made in either US dollars or Chinese yuan and deposited in bank of China's Shanghai branch.
Russia accepts USD payment, how could that work if sanction is in place. The other option is RMB which is out of US hand.
The thing is Bangladesh mostly exports garments to the West. They probably have a lot of EUR or USD. But not that many RMB.
China does currency swaps, so they will swap Bangladesh currency for RMB, leaving Bangladesh with a diversified foreign exchange.
Currency swap doesn't help here. It is only to facilitate trade between the two swapping countries in local currencies. It doesn't and can not convert the dollar and euro that Bangladesh earned from US and EU.