Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Saturday, November 7, 2015

China, Taiwan Presidents Meet for First Time

Chinese President Xi Jinoing, right, and Taiwanese President Ma Ying-jeou shake hands at the start of their historic meeting. 

The meeting, full of symbolism, was the first between the leaders of China and Taiwan, which split after a protracted civil war that ended 66 years ago with the triumph of the Chinese Communist Party under Mao. The presidents met in Singapore on Saturday,7 November 2015. (Photo:Bangkok Post)



Monday, August 24, 2015

People’s Daily: ‘Black Monday’

Shanghai markets closed on Monday with stocks 8.5% down, prompting Chinese Communist Party’s official organ, The People’s Daily, calling the meltdown “Black Monday.” (Economist, 24 August)

The Chinese downturn hit global markets hard. The Dow opened down more than 1,000 points and after regaining some of the losses closed down 588 points, or 3.6%. The Eurofirst 300 index had its worst day since 2009. And Germany’s DAX has now lost all the gains it made in 2015.

Commodity markets are tumbling. Brent oil closed at $42.69. A broader index of 22 commodities compiled by Bloomberg is at its lowest since 1999.

Chinese market problems began when the country devalued its currency yuan on 11 August. Today’s Chinese meltdown was triggered by disappointing data on Friday, suggesting that China’s industrial activity is slowing sharply, and by the failure of the Chinese government to unveil bold market interventions to prop up its equity market. (Economist, 24 August)

It’s important to note, however, that the Shanghai Composite is still up 43% on its level of a year ago, and China can still intervene aggressively in the market. So there's some light at the end of the tunnel!

Photo credit: ImagineChina/The Economist

Thursday, April 2, 2015

Saudi-led coalition land/amphibious actions, GCC efforts at UNSC

 
Above: public defiance displayed by Yemeni tribal forces at Sana'a, during Saudi-led coalition efforts directed at Yemen

According to to Reuters:
Yemen's Houthi fighters and their allies seized a central Aden district on Thursday striking a heavy blow against the Saudi-led coalition which has waged a week of air strikes to try to stem advances by the Iran-allied Shi'ite group.
Hours after the Houthis took over Aden's central Crater neighborhood, unidentified armed men arrived by sea in an area of the port city which the Iran-allied Shi'ite fighters have yet to reach.
A Yemeni official denied that ground troops had landed in Aden and a port official said they were armed guards who had disembarked from a Chinese ship trying to bring aid or evacuate civilians.
COMMENTARY: It's possible a Yemen Army formation loyal to Hadi has been landed to contest Ansarullah's push towards the Crater district of southern Aden. There are also reports that Chinese military personnel landed to assist in the evacuation of Chinese nationals, which was reported as partially successful.
A diplomat in Riyadh said Aden had come to symbolize Hadi's fading authority, meaning that Saudi Arabia could not afford to allow it to fall completely under Houthi control. But he said Riyadh's air campaign was so far geared more towards a slow war of attrition than an effective defense of the southern city.
"Saleh and the Houthis are keeping the pressure on Aden, which is the weak point in Saudi strategy," he said. "I think the Saudis would put ground forces into Aden to recapture it if it falls. It is a red line for them."
COMMENTARY: If the Saudis have planned for a long duration, aerial bombardment campaign, this would differ from the Israeli approach, which is short and sharp (other than the First Lebanon War, which is widely regarded as unsuccessful and ultimately counter-productive).

Landing Saudi troops at Port Aden for an urban fight risks casualties, with an attrition war not favorable to the invading force. It also requires considerable logistical support, likely involving the United States.

There are also reports of Royal Saudi Land Force suffering its first KIA during intense ground warfare against Ansarullah forces at the Saudi-Yemeni border. There may ebven be an inexorable pull for Saudi forces to foray into Yemeni territory, or even to invade in force.
In the Arabian Sea port of Mukalla, 500 km (300 miles) east of Aden, suspected al Qaeda fighters stormed the central prison and freed 150 prisoners, some of them al Qaeda detainees, sources in the local police and administration said.
They named one of the escapees as Khaled Batarfi, a provincial al Qaeda leader who was arrested four years ago, security sources said. Soldiers loyal to Hadi clashed with the suspected al Qaeda fighters in Mukalla early on Thursday, residents said.
COMMENTARY: This represents a serious blow to American counter-terror efforts, and considered an unfortunate byproduct of the Saudi-led coalition military effort directed towards Yemen.

According to AFP:
Gulf countries are locked in tough negotiations with Russia on a UN draft resolution to impose an arms embargo and sanctions on Yemen, diplomats said Wednesday.
[…]
The six-nation Gulf Cooperation Council (GCC) has been negotiating with the five permanent Security Council members and Jordan on a text after Saudi Arabia launched an air campaign on Yemen on March 26, without a UN mandate.
The GCC is no longer seeking a resolution that supports Saudi-led military action in Yemen, which Saudi Arabia argues is legal because it is being carried out at Hadi's request, diplomats said.
But its push for an international arms embargo and sanctions targeting the Huthis has run into major opposition from Russia, which has friendly relations with Iran.
[…]
During negotiations, Russia presented amendments to the draft resolution that would extend an arms embargo to all sides, including Hadi's forces in the conflict, diplomats said.
Moscow also opposed sweeping sanctions against the Huthis and requested that a list be submitted of individual names of rebel leaders who could be targeted for a global travel ban and assets freeze.
[…]
The UN's peace envoy for Yemen, Jamal Benomar, was in New York on Wednesday for meetings amid reports that Gulf countries were demanding that he be replaced.
COMMENTARY: At the Arab sumit held last week at Sharm El-Sheikh, Saudi Foreign Minister Prince Saud al-Faisal accused Putin of hypocrisy after a letter by Putin was read aloud at the meeting and made public. Faisal referred to Russian assistance to Syria during that ongoing conflict. Now GCC members are seeking Russian approval of a UNSC resolution to assist their coalition war directed towards Yemen; a war not too dissimilar to Russia's in its pursuit of maintaining political leadership preferences in neighboring Ukraine, for which Russia has been economically sanctioned by the West. Many ironies during the multiple flash points of configuration currently afflicting the Middle East.

It's also interesting that the Saudi-led coalition war directed towards Yemen, as well as the military command dispute during the Salahadin campaign in Iraq reported late last week, doesn't appear to have impacted Iran's diplomatic posture during high-stakes nuclear negotiations at Lausanne.

Sunday, February 15, 2015

China FM Pushes Iran on Nuclear Deal

Chinese Foreign Minister Wang Yi said today during a visit to Tehran that a nuclear deal would help Iran escape from sanctions and allow more efforts to be spent on economic development.

“Talks on the Iran nuclear issue face a historic opportunity, and striking a comprehensive deal on schedule is the trend of the times and the desire of the people,” Wang said in a meeting with Iranian Foreign Minister Javad Zarif, according to a Chinese Foreign Ministry statement issued on Monday local time. (Reuters, 16 February)

“Reaching comprehensive agreement is beneficial to Iran upholding its own legal rights, including the right to the peaceful use of nuclear power, and for the people of Iran to throw off the difficulties of sanctions as early as possible and focus on energetically developing the economy,” Wang added.

File photo: Chinese Foreign Minister Wang Yi, 2 February 2015 (Reuters)

Thursday, June 19, 2014

Iran Nuclear Talks: Major Gaps Remaining

‘Almost no major area of dispute has been effectively settled yet’ 
With just one month remaining in the expiration of the interim nuclear agreement, JPOA, Iran and P5+1 negotiators seemed today unable to settle any major areas in dispute, Al-Monitor reported tonight. There is now a real possibility that the two sides would be forced to renew JPOA for another six month, questioning the viability of any comprehensive agreement in future.

The biggest news in the current round of talks is the surprisingly strong Russian and Chinese support of United States and EU’s insistence on reducing the current size of Iran’s enrichment centrifuges. Russia and China have been regarded as the most consistent and sympathetic allies of the Iranians

Uranium enrichment is an area Iran needs to make a hard choice between continuing its demand to increase its current centrifuge numbers to between 50,000-100,000 or accept the unified (and not just Western) P5+1 demand of reducing the current inventory to a few thousands. Iran wants to provide fuel to Bushehr power reactor, even though Russia is committed to do so, and the West wants to prolong Iran’s breakout capability.

The current round of talks between Iran and P5+1 will end on Friday. There are reports that the next round would be held on 2 July, three weeks before the expiration of JPOA.


Photo credit: (L to R) EU Deputy Secretary General Helga Schmid, Vice President of the European Commission Catherine Margaret Ashton, Iranian Foreign Minister Mohammad Javad Zarif and Iranian deputy foreign minister Abbas Araqchi attend P5+1 talks with Iran at the UN headquarters in Vienna, June 17, 2014. (Dieter Nagl/AFP/Getty Images/Al-Monitor)

Saturday, March 15, 2014

Russia Vetos UNSC Resolution on Crimea

One day before Crimea holds a referendum to leave Ukraine and join Russia, the Russians vetoed a UN Security Council resolution to affirm Ukraine’s “sovereignty, independence, unity and territorial integrity.”

Russia cast the sole vote against the resolution. Even China, which normally supports Russia at the Security Council, did not support the Russian position on Crimea and abstained from voting. 

Thirteen of the Council’s 15 members voted in favor of the resolution: United States, Britain, France, Argentina, Australia, Chad, Chile, Jordan, Lithuania, Luxembourg, Nigeria, South Korea and Rwanda.

Photo credit: Russia’s ambassador to the UN, Vitaly Churkin, casting the sole negative vote against Ukraine’s sovereignty and territorial integrity. (Twitter)

Friday, February 14, 2014

Kerry and China’s President Discuss Iran Nuclear Negotiations

U.S. Secretary of State John Kerry, who is visiting China, told reporters in a news conference in Beijing that the U.S. takes its role in Asia Pacific “very seriously” and is committed to strengthen its presence in the region. Kerry also spoke of his talks with president Xi Jinping and other Chinese official on on-going nuclear negotiations with Iran.


“Today, we spoke about our shared interest in preventing Iran from ever acquiring a nuclear weapon. Our close cooperation, which we agreed will absolutely continue, will go a long way towards helping to make the P5+1 negotiations continue,” said Kerry. (state.gov, 14 February)

Photo credit: Secretary John Kerry at a news conference at JW Marriott Hotel in Beijing, 14 February 2014. (state.gov)

Friday, January 3, 2014

China's First Aircraft Carrier Battle Group


Images of China’s first aircraft carrier Liaoning and its accompanying warships were released by People’s Liberation Army Navy (PLAN), courtesy of the Chinese Defense Blog through the Aviationist. The photos show the battle group and the Shenyang J-15 fighter aboard the aircraft carrier Liaoning

To read the Aviationist post, please click here.


Photo credit: Chinese Defense Blog/the aviationist.com

Saturday, November 9, 2013

China's FM Wang Yi attending Saturday's nuclear talks in Geneva

Foreign Minister of the People's Republic of China Wang Yi

 According to Press TV:
An Iranian deputy foreign minister says the trilateral talks among Iran’s Foreign Minister Mohammad Javad Zarif, EU foreign policy chief Catherine Ashton and US Secretary of State John Kerry over Tehran’s nuclear energy program were “productive”.
Meanwhile, the Russian and Chinese foreign ministers have decided to go to Geneva. Sergei Lavrov and Wang Yi will travel to Switzerland on Saturday.
More hopeful news. The publicly stated Iranian goal is to achieve an agreement during this session of nuclear talks in Geneva.

Wednesday, October 30, 2013

Iran Blocked Assets in China at $22 Billion


Iran's Vice President Mohammad Baqer Nobakht said today the country's $22 billion worth of assets has been blocked in China. (Trend, 30 October)

China is Iran's biggest oil costumer, and imported 16.01 million tons of Iranian oil during first nine months of the current year, amounting to 428,160 barrels per day, for a value of about $12.3 billion so far this year.

Beijing makes Iranian oil payments through its national currency, the yuan, and deposits it in a local bank account, which is accessible only for purchasing permitted commodities inside China.

During 2007-mid 2011, Iran also reportedly transferred about $25 billion of assets from European banks to China to prevent it from being frozen and this amount is still deposited in Chinese banks. It is not believed that Nobakht’s report of $22 billion worth of blocked assets includes the amounts transferred to China.

The total Iranian assets blocked worldwide are estimated at more than $60 billion. It was reported earlier this month that Obama administration was considering unblocking these frozen assets as part of negotiations over Iran’s nuclear program. (Trend, 30 October)


Photo credit: IRNA