China: Latest News

All news where China is mentioned

Ranil Wickremesinghe - IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn - newsfirst.lk - China - Usa - India - Sri Lanka
newsfirst.lk
48%
131
IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn
COLOMBO (News 1st); The IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF) that will enable Sri Lanka to access up to $7 billion in funding, reported the President's Media Division.President Ranil Wickremesinghe has expressed his gratitude for the support of the IMF and other international partners, said the PMD.It added that the President committed to full transparency in all discussions with financial institutions & creditors, & to achieve sustainable levels of debt through prudent fiscal management & an ambitious reform agenda.The IMF program is critical to achieving this vision & will help to improve Sri Lanka's standing in international capital markets, making it an attractive country for investors, talent, & tourists, said the President's Media Division.Earlier this month, Sri Lanka received IMF-compatible financing assurances from its official creditors, including Paris Club members, India and China, allowing the IMF to convene an Executive Board and consider Sri Lanka’s request for a loan.The program is expected to provide much-needed policy space to drive the economy out of the unprecedented challenges and instill confidence amongst all the stakeholders.President Ranil Wickremesinghe welcomed the announcement:“In the 75 years of Sri Lanka’s independence, there has never been a more critical period for ou economic future. Our official creditors have declared their support following continuous and positive engagements over the last few months, and we are pleased that the IMF Executive Board approved our program, enabling Sri Lanka to access up to US$ 7 billion in funding from the IMF and IFIs.
Ranil Wickremesinghe - Sri Lanka will not risk offering debt treatment outside IMF program – President - newsfirst.lk - China - Japan - India - Sri Lanka
newsfirst.lk
74%
267
Sri Lanka will not risk offering debt treatment outside IMF program – President
COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe has expressed gratitude to the Paris Club, Japan, India, and China for enabling cooperation required to reach an IMF facility for the country.In an open letter to Sri Lanka's Official Bilateral Creditors, President Wickremesinghe noted that the government deployed all efforts to demonstrate our commitment to the EFF program and relentlessly engage on the path to reforms. He said the administration has already implemented major reforms by way of prior actions agreed with the IMF.The President said his government introduced a robust  reform agenda aimed at achieving debt sustainability, strengthening governance, widening the social safety nets supporting the most vulnerable and ensuring we can grow an inclusive  economy attractive to international business. He said this is how Sri Lanka will improve the lives of its people and ensure they are first in line to benefit from improvements in our economic conditions.The President has requested creditors to maintain and even enlarge and strengthen official bilateral creditor coordination in the context of Sri Lanka's forthcoming engagement. He called on the Paris Club  bilateral partners, in particular Japan, together with all our other official bilateral partners,  including India and China, to garner and foster coordination as you best see fit.The Presidnet noted that Sri Lanka is committed to communicate transparently with all on any debt treatment terms that are agreed with any creditor or group of creditors, before being formalized. The President in his letter has also committed not to resume debt service to any creditor unless that creditor agrees on a comprehensive debt treatment in line with IMF-supported
Sinopec and China Merchant delegates in Colombo to enhance cooperation, investments - newsfirst.lk - China - Sri Lanka - Hong Kong
newsfirst.lk
45%
498
Sinopec and China Merchant delegates in Colombo to enhance cooperation, investments
COLOMBO (News 1st); Top delegations from the Sinopec Group (Ranking 5th in the Fortune Global 500 list of 2022) and the China Merchants Group (152nd) are currently visiting Sri Lanka.The Chinese Embassy in Sri Lanka tweeted that the delegates are in the country to enhance cooperation and further investment on petroleum & chemicals, trade, and port & industrial park operation.China Merchants Group: China Merchants Group (CMG) is a state-owned backbone enterprise headquartered in Hong Kong. CMG was founded in the Self-strengthening Movement in the late Qing Dynasty in 1872. As the first joint-stock company in modern China, it established the first merchant fleet, the first bank and the first insurance company in China, pioneering China's modern national shipping industry and driving the development of many other modern industries, and occupying an important position in the history of China's modern economic and social development. China Merchants Group is also the parent company of the Hambantota International Port Group (HIPG).Sinopec Corp:China Petroleum & Chemical Corporation (Sinopec Corp) is a listed company on domestic and international stock exchanges with integrated upstream, midstream and downstream operations, strong oil & petrochemical core businesses and a complete marketing network. Sinopec Corp.
Xi Jinping - Kim Jong Un - Iran, Saudi Arabia to resume diplomatic relations with China's help - fox29.com - China - Iran - city Beijing - Usa - Saudi Arabia - North Korea - Yemen - county Gulf
fox29.com
83%
746
Iran, Saudi Arabia to resume diplomatic relations with China's help
China lowers the chance of armed conflict between the Mideast rivals — both directly and in proxy conflicts around the region.The deal, struck in Beijing this week amid its ceremonial National People’s Congress, represents a major diplomatic victory for the Chinese as Gulf Arab states perceive the United States slowly withdrawing from the wider Middle East. It also comes as diplomats have been trying to end a long war in Yemen, a conflict in which both Iran and Saudi Arabia are deeply entrenched.The two countries released a joint communique on the deal with China, which brokered the agreement as President Xi Jinping was awarded a third five-year term as leader earlier Friday.Xi, whose administration in recent days has relaunched a campaign to challenge the U.S.-led Western liberal order with warnings of "conflict and confrontation," was credited in a trilateral statement with facilitating the talks through a "noble initiative" and having personally agreed to sponsor the negotiations that lasted from Monday through Friday.READ MORE: Sister of Kim Jong Un warns North Korea ready to act against US, SouthVideos showed Ali Shamkhani, the secretary of Iran’s Supreme National Security Council, meeting with Saudi national security adviser Musaad bin Mohammed al-Aiban and Wang Yi, China's most senior diplomat.The statement calls for reestablishing ties and reopening embassies to happen "within a maximum period of two months." A meeting by their foreign ministers is also planned.In the video, Wang could be heard offering "wholehearted congratulations" on the two countries' "wisdom.""Both sides have displayed sincerity," he said.
Justin Trudeau - Royal Canadian - Why RCMP are investigating ‘alleged Chinese police stations’ in Quebec - globalnews.ca - China - Canada - city Vancouver
globalnews.ca
62%
435
Why RCMP are investigating ‘alleged Chinese police stations’ in Quebec
Royal Canadian Mounted Police are investigating allegations of two so-called “police stations” in Quebec that are suspected to be operated by Chinese government officials.The RCMP confirmed by email Thursday morning an open investigation by the Integrated National Security Enforcement Team in the province into the two alleged outposts: one in Montreal and another in Brossard, a suburb on the city’s south shore.The police force added it’s possible that Chinese Canadians “have been victims of the possible activities conducted by these centres” and that any form of “intimidation, harassment and harmful of diaspora communities or individuals in Canada will not be tolerated.” Read more: At least one Chinese ‘secret police station’ based in Vancouver, civil rights group says “We are carrying out police actions aimed at detecting and disrupting these foreign state-backed criminal activities, which may threaten the safety of persons living in Canada,” the RCMP said in a statement.The Mounties have also created a phone line to report any threats in Quebec.The RCMP said it could not comment further on the alleged police stations, citing the ongoing probe. The investigation was first reported Thursday by the Journal de Montréal.Prime Minister Justin Trudeau briefly addressed the allegations in a scrum early Thursday, saying “we’re making sure the RCMP is following up on this and that our intelligence systems are taking this seriously.”“This is an issue that concerns us enormously,” he added.
DMCA