Courtesy of Foreign Affairs, a look at why China and Russia are stepping up their support for Iran: Upon assuming power in 1979, Iran’s revolutionaries prided themselves on rejecting the global order. Ayatollah Ruhollah Khomeini, the country’s first supreme leader, declared that his state would be “neither East nor West.” Khomeini viewed the United States as “the Great […]
Read more »Via The Economist, a look at the how China’s BRI is entering a new stage: There was little hint in the speech that Xi Jinping gave on September 7th 2013 in Kazakhstan that he was thinking of a concrete-pouring binge across the world, spurred by hundreds of billions of dollars in Chinese loans and investment. No […]
Read more »Via Bloomberg, a report on Venezuela’s efforts to secure Chinese energy investment: Top Maduro aides arrive in Shanghai seeking energy investment Government seeks to revive economy ahead of 2023 election Venezuela dispatched some of its top officials to China to seek energy investments to boost the economy ahead of next year’s presidential election. Vice President Delcy […]
Read more »Via South China Morning Post, an article on growing financial cooperation between China and Saudi Arabia: Bank of China (BOC) opened its branch in Riyadh on Tuesday, more than two years after being given approval by the Saudi Arabian government China’s ambassador to the kingdom, Chen Weiqing, pointed to the financial, investment and geographical advantages […]
Read more »Via Latinometrics, a look at Nubank’s dramatic growth in Brazil: If disruption were a chart, the above would be it. The five giant banks of Brazil, which collectively hold $1.5T+ in assets, have remained practically unmoved in terms of number of customers in the past two years. Nubank’s uprising is not new to them; the digital bank created […]
Read more »Via South China Morning Post, an article on growing Chinese/Iranian ties: Consul General Xu Wei takes office eight months after opening of new mission in strategically important port on the Strait of Hormuz Facing tensions with the US, China and Iran forge closer relations through cooperation deals, joint military drills and diplomatic visits China’s new […]
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