By Martin De Angelis Cash-strapped Argentina relies on China for everything from currency swaps to investments in nuclear infrastructure. Moreover, Argentina’s primary exports and sources of state funding are and will stay bound to the Chinese demand. After the 2001 financial crisis and the emergence of the Kirchner’s administration in 2003, Argentina has tried to avoid … Continue reading
China can ultimately overthrow the global domination of the U.S. dollar by using its 30,000 tons of gold reserves, according to Chinese economist Jin Zihou. Citing former U.S. Federal Reserve Chair Alan Greenspan, Chinese economic observer Jin Zihou suggested that the Chinese renminbi would be able to deal a lethal blow to today’s financial system should Beijing convert … Continue reading
By Etienne Lepers Contemporary political analysis, though firmly focused on the yet to be created AIIB, should be equally as focused on the poorly covered Chinese bilateral lending relationships that already exist. China’s role in the global financial system has recently caught the media’s attention more than usual, as Beijing’s financial aspirations create significant diplomatic … Continue reading
The EU’s crisis-prone periphery has largely welcomed China’s financial penetration of Europe. That’s not a sentiment shared by the Eurozone’s leading states, observes Nicola Casarini. They’re concerned that Chinese investments will make it difficult for Brussels to adopt critical stances against Beijing in the future. By Nicola Casarini China’s financial footprint is spreading across Europe, … Continue reading
By Peter Koenig The statement by Chinese Foreign Minister Wang Yi on 22 December 2014: “If the Russian side needs it, we will provide necessary assistance within our capacity” – is a clear testimony that Russia and China have entered into an economic alliance which will be stronger than the incessant ruble and petrol devaluation manipulations by … Continue reading