Contents tagged with China

  • Ukraine wants to borrow $7 billion from China for infrastructure projects

    The Ukrainian government intends to conclude a framework loan agreement with China worth $7 billion to help fund a number of infrastructure projects, as announced by Viktor Dovgan, Deputy Minister of Infrastructure of Ukraine, during the presentation of an exhibition project for the China International Import Expo, UNIAN reports.

    "The government intends to submit an official proposal to the Chinese Ministry of Commerce regarding the conclusion of a framework loan agreement for a number of …

  • China shows no desire to trade with Russia for rubles

    The idea of abandoning the dollar for external trade with BRICS countries, actively proposed by the Russian government since it fell under sanctions from the West, still remains unrealizable.

    Despite three years of negotiations with the central banks of the provisional bloc and the making of direct currency swap agreements, exporting companies in China and India still show no desire to transition to payment in rubles, according to a Central Bank statistic on the currency structure of foreign …

  • Russia calls new US defense strategy 'confrontational'

    Sergey Lavrov, the Head of the Foreign Affairs Ministry of the Russian Federation, described the new U.S. National Defense Strategy as "confrontational," at a press conference in New York, Interfax reports.

    "It is regrettable that instead of engaging in a normal dialogue, instead of using the basis of international law, the United States is indeed striving to prove their leadership through such confrontational concepts and strategies," Lavrov said.

    It was reported earlier that the Russian …

  • Ukraine and China agreed to implement $7 billion worth of joint contracts

    Ukraine and China agreed on deepening cooperation at a meeting between the Prime Minister of Ukraine, Volodymyr Groysman and Vice Premier of the State Council of the People’s Republic of China, Ma Kai, according to the Ukrainian government’s website.

    “As Ukraine and China celebrate 25 years of diplomatic relations they reach for a new strategic level of cooperation that envisages the implementation of joint projects worth approximately USD 7 billion,” the statement read.

    Ma Kai stressed that …

  • US general: Russia and China working on new weapons to challenge the US

    Russia and China are creating anti-satellite weapons to reduce the United States’ capabilities and to shift the balance of power in the world, said the Head of the US Strategic Command, General John E. Hyten, Interfax reports.

    "They have been building weapons, testing space weapons that can be controlled from Earth, electronic warfare weapons, laser weapons… and they make no secret of it," noted Hyten and added that in doing so, Moscow and Beijing defy the United States and its allies, …

  • Azerbaijan, Georgia and Turkey launch new railroad linking to Europe and China, bypassing Russia

    Azerbaijan, Georgia and Turkey held an official event to open a new railroad, the Baku-Tbilisi-Kars line. The new route passes through the three countries and provides passenger and freight railroad transit between Europe and China surpassing Russia and Armenia.

    The opening event took place in Alat, Azerbaijan, a village in a remote part of the Baku capital suburb, 70 kilometers southeast of the city. The ceremony was attended by top leaders of Azerbaijan and Turkey and the prime ministers of …

  • China increased exports to North Korea by 21 percent over the current year

    China's exports to North Korea in the first three quarters of 2017 increased by 20.9% in annual terms, according to customs data.

    Exports from China to the Democratic People's Republic of Korea amounted to $2.55 billion in the period of January to September. However, imports from North Korea in the first nine months fell 16.7% and total trade grew by only 3.7%, reports Vesti Finance.In September, the United Nations Security Council voted to strengthen sanctions against North Korea. Fuel …

  • Media: Most North Korean workers are returning home from China

    North Koreans who were working in China are returning en masse to their homeland due stricter rules for obtaining and extending visas after the UN Security Council imposed sanctions.

    "In the first half of 2017, about 20,000 North Koreans worked in the Chinese city of Dandong along the border with the DPRK (Democratic People's Republic of Korea). However, their number has significantly decreased now that China has strengthened sanctions,” Yonhap reports.

    On September 12th, Chinese authorities …

  • SBU initiates criminal proceedings over the sale of Ukraine’s Motor Sich to Chinese investors

    On 6 July 2017, the Security Service of Ukraine (SBU) initiated criminal proceedings according to the article on “preparation for sabotage” in connection with the sale of the Motor Sich factory to Chinese investors affiliated with the company Beijing Skyrizon Aviation Industry Investment Co. Ltd, reports with a reference to the ruling of the Shevchenkivsky District Court from September 7.

    “The pretrial investigation has established that from 2016 to the present, unidentified persons …

  • Ukrainian sunflower oil holds 40% share of Chinese market

    Ukrainian sunflower oil produced under the local brand, Jinlongyu, accounts for 40% of the domestic market in China, as indicated in an article written by Alexei Koval for ZN.UA, citing representatives of Delta Wilmar.

    Koval points out that this success was possible through a proper marketing strategy and an advertising campaign that the Chinese consumer understands.

    At the same time, importers of Ukrainian oil earn the added value which could have remained in Ukraine if Ukrainian producers …