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The great game of the Belt and Road is a global competition for resources, strategic reach and soft power diplomacy

China’s Belt and Road Initiative (BRI) continues to evolve, occasionally assuming serpentine form as its transport linkages snake their way across Europe and Asia, and sometimes chameleon-like in adapting to different situations.But none of this can disguise the fundamental conflicts between the world’s great powers provoked by the BRI.That was apparent last week during the Second BRI International Forum in Beijing, and it will be a source of real, if disguised, tension when China’s President… Source link

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Vietnam 

Vietnamese, RoK firms set up strategic partnership – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    At the signing ceremony. — VNA/VNS Photo HCM CITY – Hòa Bình Construction Group and the Republic of Korea (RoK)’s Hyundai Elevator Co Ltd have agreed to become strategic partners. The agreement was reached at a ceremony in HCM City on Tuesday,.  Hyundai Elevator committed to providing products at competitive prices for Hòa Bình and helping the group bid for big contracts.  The Korean business will buy 25 million shares, worth VNĐ575 billion (USS$24.7 million), from Hòa Bình.  The Vietnamese group’s shareholders general meeting approved the issuance of the shares,…

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Vietnam 

Chatbot in FB draws strategic investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News ĐÀ NẴNG — The first strategic start-up investment deal in promoting a chatbot application in food & beverage (F&B), GonJOY, was signed on Tuesday between EM AND AI joint-stock company and an investor from Spain worth US$500,000. CEO of EM AND AI joint-stock company, Lê Ngọc Trí, who developed the first chatbot application in F&B, and Jaime Carrera Poblet, an investor from Spain, agreed to buy 7.5 per cent share of the company and become a strategic investor. Trí said the chatbot, a Vietnamese…

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New EU scrutiny mechanism to cool Chinese acquisition of strategic assets in Europe, says ING

An EDP power plant in Sines, Portugal. Further scrutiny of Chinese acquisition could affect deals such as hydropower giant China Three Gorges’ attempt to increase its stake in the power generator and distributor Energias de Portugal to 100 per cent, according to ING. Photo: Reuters Source link

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Global 

China’s vice-president vows to keep ‘strategic focus’ amid mounting challenges of trade war

Vice-President Wang Qishan said China will maintain its “strategic focus” and will not abandon its economic model, at a time when the country is facing an increasingly hostile external environment due to the trade war with the United States. Wang told an event in Guangzhou on Monday that China would strive to be a leader in ‘economic globalisation’ and pledged support for the multilateral economic system. After four decades of nearly uninterrupted economic boom, China’s growth prospects have been dampened in 2018 by the rising trade and geopolitical tensions between…

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China 

It’s good to talk, but China, US remain locked in a strategic struggle, observers say

A telephone call between Presidents Xi Jinping and Donald Trump might have increased the possibility of a truce in the trade war, but the strategic dispute between Beijing and Washington is a long way from being resolved, according to a Chinese government adviser and other observers. In their talks on Thursday night, Xi told Trump that the two sides had to come up with a proposal to settle the trade war, while Trump said the two men had a “long and very good conversation” on several issues, including trade and…

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Vietnam 

PM witnesses strategic agreement between Vietnamese and Danish enterprises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

CMC Corporation from Việt Nam signed a strategic agreement with a Danish partner in the presence of Prime Minister Nguyễn Xuân Phúc. Viet Nam News HÀ NỘI — The CMC Corporation from Việt Nam signed a strategic co-operation agreement with Approxima, a partner from Denmark on October 20, within the framework of the Việt Nam – Denmark Business Forum held at the headquarters of the Confederation of Danish Industry (DI). Prime Minister Nguyễn Xuân Phúc witnessed the ceremony. Accordingly, Approxima will…

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China 

StarHub to cut 300 jobs as part of ‘strategic transformation plan’, Business News

SINGAPORE – StarHub will start laying off 300 full-time employees by the end of the month, said the telco in a statement on Wednesday evening (Oct 3). It is understood that chief strategic partnership officer Jeannie Ong is among the staff affected by the cuts. Other roles will also be axed in the “operational efficiency programme” announced by StarHub in the statement, citing “ongoing natural attrition” and a tightening of contractor positions. It said that the cuts “will primarily affect non-customer-facing functions”. As part of a strategic transformation plan, the…

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