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Weimin Chen

Weimin Chen

Montenegro Plans New Highway Construction Deal with China

Montenegro Plans New Highway Construction Deal with China

The Lede: Montenegro has chosen Chinese companies to build a new highway after controversy surrounding a previous major highway project. What We Know: * Montenegro has signed a memorandum of understanding with a Chinese consortium and awarded a contract for the construction of a $59 million highway connecting the coastal town

China Unveils New Trade-Boosting Measures to Counter Weak Global Demand

China Unveils New Trade-Boosting Measures to Counter Weak Global Demand

The Lede: China’s cabinet issued a plan for policies to shore up its trade and exports amid falling global demand. What We Know: * Responding to concerns among Chinese officials after exporters reported a lack of orders and warnings of a steeper trade slump, the State Council (cabinet) has issued

Xi and Zelensky Discuss Bilateral Relations, Peace Process in Phone Call

Xi and Zelensky Discuss Bilateral Relations, Peace Process in Phone Call

The Lede: Chinese President Xi Jinping made a phone call to Ukranian President Volodymyr Zelensky, the first since Russia invaded. What We Know: * Xi called at the invitation of Zelensky after some world leaders urged China to exert its influence to bring an end to the Russian war in Ukraine.

Dubai Hosts Chinese Business Day Event to Support Commercial Ties

Dubai Hosts Chinese Business Day Event to Support Commercial Ties

The Lede: Dubai Multi Commodities Centre (DMCC) hosted UAE-based Chinese business leaders at its China Business Day event What We Know: * DMCC brought together stakeholders in the Chinese business community based in Dubai for its China Business Day event in the city's Almas Tower, a 68-story trophy building

Italy Cools on China to Focus on Taiwan Semiconductors

Italy Cools on China to Focus on Taiwan Semiconductors

The Lede: Italy are considering abandoning its cooperation with China on the Belt and Road Initiative while moving toward Taiwan to cooperate on semiconductors. What We Know: * Officials from the Italian Ministry for Business and Made in Italy discussed plans to increase cooperation on producing and exporting semiconductors during recent

'Laundered' Crude from China, Others, Help Skirt G-7 Sanctions

'Laundered' Crude from China, Others, Help Skirt G-7 Sanctions

The Lede: China, and a handful of other countries, have been dramatically increasing their imports of Russian crude and selling oil products to Western countries that have sanctions on Russia What We Know: * According to a new report by the Centre for Research on Energy and Clean Air (CREA), a

U.S. Lags China on Energy Projects in Africa

U.S. Lags China on Energy Projects in Africa

The Lede: China and the U.S. are ramping up competition for investment and development in energy projects in Africa to gain influence on the continent, but China has had a head start. What We Know: * A recent report by the Atlantic Council marks the growth of Chinese investments in