Sri Lankan Minister Defends Another Loan from China, Says “China Happens to Have the Cash”
Sri Lanka is seeking a loan of 700 million US dollars (approximately 5.4 billion Hong Kong dollars) from China. As the opposition and dissidents expressed their concerns about the government’s reliance on China, the Minister of Money, Capital Market and Public Enterprise Reform Minister Ajith Nivard Cabraal defended the loan by saying that it was because “it’s China that happens to have the cash now.”
In an interview with The Hindu, Cabraal said, “In different times in world history, different countries have been the ones who have had the most amount of cash. And now it happens to be China, so China will naturally invest all over the world.…I think we should all respect that.”
Despite the International Monetary Fund’s (IMF) estimate that Sri Lanka’s GDP would shrink by 7% this year due to the Wuhan virus pandemic, Cabraal was optimistic about the financial situation in Sri Lanka. He said that the country was seeking different ways to repay its debts, including getting more loans from China, securing a currency swap mechanism with China and India, and issuing samurai and panda bonds.
The Director of the CCP’s Central Foreign Affairs Commission Yang Jiechi is visiting Sri Lanka this month. Following the 500 million US dollars (approximately 3.9 billion Hong Kong dollars) that China gave Sri Lanka just this March to fight the Wuhan virus, the South Asian country is discussing another loan with the Chinese delegation. The country has so far borrowed over 5 billion US dollars (approximately 38.8 billion Hong Kong dollars) from China.
#SriLanka #China #AjithNivardCabraal #YangJiechi #Finance #Diplomacy #WuhanVirus #COVID19 #Pandemic
Source: Apple Daily #Oct20
https://bit.ly/2IZzZkv
Sri Lanka is seeking a loan of 700 million US dollars (approximately 5.4 billion Hong Kong dollars) from China. As the opposition and dissidents expressed their concerns about the government’s reliance on China, the Minister of Money, Capital Market and Public Enterprise Reform Minister Ajith Nivard Cabraal defended the loan by saying that it was because “it’s China that happens to have the cash now.”
In an interview with The Hindu, Cabraal said, “In different times in world history, different countries have been the ones who have had the most amount of cash. And now it happens to be China, so China will naturally invest all over the world.…I think we should all respect that.”
Despite the International Monetary Fund’s (IMF) estimate that Sri Lanka’s GDP would shrink by 7% this year due to the Wuhan virus pandemic, Cabraal was optimistic about the financial situation in Sri Lanka. He said that the country was seeking different ways to repay its debts, including getting more loans from China, securing a currency swap mechanism with China and India, and issuing samurai and panda bonds.
The Director of the CCP’s Central Foreign Affairs Commission Yang Jiechi is visiting Sri Lanka this month. Following the 500 million US dollars (approximately 3.9 billion Hong Kong dollars) that China gave Sri Lanka just this March to fight the Wuhan virus, the South Asian country is discussing another loan with the Chinese delegation. The country has so far borrowed over 5 billion US dollars (approximately 38.8 billion Hong Kong dollars) from China.
#SriLanka #China #AjithNivardCabraal #YangJiechi #Finance #Diplomacy #WuhanVirus #COVID19 #Pandemic
Source: Apple Daily #Oct20
https://bit.ly/2IZzZkv
The New US Secretary of State Antony Blinken spoke with top CCP official for the first time, saying that he will continues to defend human rights and democracy in Hong Kong and Xinjiang
The new US Secretary of State Antony J. Blinken spoke with Yang Jiechi, a member of the Central Political Bureau of the Communist Party of China and director of the Office of the Central Foreign Affairs Commission, on the phone today (6th Feb). This is his first dialogue with a high-level CCP official since he took office. The State Department later issued a statement stating that Blinken emphasized in the phone call that the United States will continue to stand up for human rights and democratic values, including in Xinjiang, Tibet and Hong Kong, and hold China accountable for its undermining of the rules-based international system.
The statement stated that Blinken, who has taken the office for more than half a month, reaffirmed during the phone call with Yang Jiechi that the United States will work with allies and partners to defend shared values and interest. In addition to pressing China to join international community in condemning the military coup in Myanmar, the United States clearly stated that it will continue to stand up for Xinjiang, Tibet, and Hong Kong, and hold China accountable for its efforts to threaten stability in the Indo-Pacific, including across the Taiwan Strait, and its undermining of the rules-based international system.
Source: The Stand News #Feb06
https://bit.ly/3dTO1BF
#Beijing #China #CCP #UnitedStates #Xinjiang #HongKong #Tibet #HumanRights #Democracy #Taiwan #Myanmar #SecretaryOfState #AntonyBlinken #YangJiechi
The new US Secretary of State Antony J. Blinken spoke with Yang Jiechi, a member of the Central Political Bureau of the Communist Party of China and director of the Office of the Central Foreign Affairs Commission, on the phone today (6th Feb). This is his first dialogue with a high-level CCP official since he took office. The State Department later issued a statement stating that Blinken emphasized in the phone call that the United States will continue to stand up for human rights and democratic values, including in Xinjiang, Tibet and Hong Kong, and hold China accountable for its undermining of the rules-based international system.
The statement stated that Blinken, who has taken the office for more than half a month, reaffirmed during the phone call with Yang Jiechi that the United States will work with allies and partners to defend shared values and interest. In addition to pressing China to join international community in condemning the military coup in Myanmar, the United States clearly stated that it will continue to stand up for Xinjiang, Tibet, and Hong Kong, and hold China accountable for its efforts to threaten stability in the Indo-Pacific, including across the Taiwan Strait, and its undermining of the rules-based international system.
Source: The Stand News #Feb06
https://bit.ly/3dTO1BF
#Beijing #China #CCP #UnitedStates #Xinjiang #HongKong #Tibet #HumanRights #Democracy #Taiwan #Myanmar #SecretaryOfState #AntonyBlinken #YangJiechi
Beijing Official Calls on US to Stop Meddling in Hong Kong Affairs, Says Chinese Feelings “Not to Be Hurt”
China’s Politburo member and former foreign minister Yang Jiechi said on February 1 that he hopes US President Joe Biden will work on restoring a predictable and constructive Sino-American relationship while calling on the US to stop interfering in issues involving Chinese sovereignty and territorial integrity.
This appeal came as all eyes are on whether the two powers’ relations will improve under the Biden administration. Calling on the newly inaugurated president to work towards a peaceful and mutually beneficial relationship, Yang said the US should uphold the ‘one China’ principle and respect Beijing’s position and concerns when it comes to Taiwan. He further called on the US to refrain from meddling in issues surrounding Hong Kong, Tibet and Xinjiang, warning that the feelings of the 1.4 billion Chinese are “not to be hurt”.
Speaking in a video conference hosted by the US’ National Committee on United States-China Relations, Yang stated that issues surrounding Hong Kong, Tibet and Xinjiang are matters concerning China’s core interests and national dignity. Disregard for the feelings of the Chinese, he said, would prove only to be detrimental to the Sino-American relations and US interests. He added that he hopes the US would understand the sensitivity of these issues and tread cautiously, taking care not to undermine the mutual trust between the two countries.
Source: Stand News #Feb01
#US #China #HongKong #Taiwan #Tibet #Xinjiang #YangJiechi #JoeBiden #USChinaRelations
https://bit.ly/3sF7A4P
China’s Politburo member and former foreign minister Yang Jiechi said on February 1 that he hopes US President Joe Biden will work on restoring a predictable and constructive Sino-American relationship while calling on the US to stop interfering in issues involving Chinese sovereignty and territorial integrity.
This appeal came as all eyes are on whether the two powers’ relations will improve under the Biden administration. Calling on the newly inaugurated president to work towards a peaceful and mutually beneficial relationship, Yang said the US should uphold the ‘one China’ principle and respect Beijing’s position and concerns when it comes to Taiwan. He further called on the US to refrain from meddling in issues surrounding Hong Kong, Tibet and Xinjiang, warning that the feelings of the 1.4 billion Chinese are “not to be hurt”.
Speaking in a video conference hosted by the US’ National Committee on United States-China Relations, Yang stated that issues surrounding Hong Kong, Tibet and Xinjiang are matters concerning China’s core interests and national dignity. Disregard for the feelings of the Chinese, he said, would prove only to be detrimental to the Sino-American relations and US interests. He added that he hopes the US would understand the sensitivity of these issues and tread cautiously, taking care not to undermine the mutual trust between the two countries.
Source: Stand News #Feb01
#US #China #HongKong #Taiwan #Tibet #Xinjiang #YangJiechi #JoeBiden #USChinaRelations
https://bit.ly/3sF7A4P