China's loan to Moldova triggers rich speculation in Western media

Source: Internet
Author: User
Keywords China ASEAN China Moldova
Tags air services airline economic economic crisis economy export it is media
China has offered 1 billion of billions of dollars in loans to Moldova, and Western media have shown unlimited "Jealousy" and China is reaching out to Russia's backyard.  "February 1, Reuters, the U.S." Washington Post, and other Western media reported that China to provide Moldova 1 billion U.S. dollars of loans, and said that China's real goal is to strengthen the foundation in Russia's "backyard", so as to increase the bargaining chip with Russia and into Europe. Economic experts speculate that "China is looking for diversification of export products, but Moldova can say nothing, so what exactly do China want?" "——— The Economist," China is implementing a new foreign policy, and China is focusing on the advantages of becoming a rising superpower. "China has increased its leverage in the overall talks with Russia by strengthening its ties with the Russian backyard countries," ——— US Global Vision Limited. "——— an investment by an economist researcher. Last July, China signed a memorandum of understanding to lend Moldova 1 billion dollars ——— the equivalent of one-tenth of GDP in the Eastern European country and probably the biggest loan it will get. A small, impoverished country with no significant mineral deposits is unlikely to be an investment target for the world's third-largest economy, Reuters reported. Yet China's interest in the former Soviet republics of Moldova is growing.  Moldova is poorer than many countries in Africa. In recent years, China has also invested in other former Soviet republics, and last June China agreed to invest $ more than 1 billion in Tajikis to build power plants and new roads. Tajikistan invests more than 1 billion dollars to build power plants and new roads. Tajikistan is a former Soviet republics with limited natural resources.  Last March, China's central bank and another former Soviet republic, Belarus, signed a 3-year currency swap agreement worth 20 billion yuan.  There's a clear provocation. China promises loans for construction and infrastructure projects, and some loans will be used to build High-tech industries, according to the current Government of Moldova. What is China pursuing?  In this case, the Western media have a wide variety of speculations. The Washington Post says China signed a memorandum of understanding with Moldova in July 2009, offering 1 billion of billions of dollars in loans to the latter, equivalent to 1/10 of Moldova's GDP. The article quotes experts as saying that China's purpose is worth thinking about. "China is looking for diversification of its export products, but Moldova can say nothing, so what does China want to do?"  For China, Duncan argues, it is more important to "buy leverage with loans". Duncan believes that by strengthening his position in the Russian backyard, China has added more leverage to the Moscow talks. Gevoryan also believes that "China wants a political dividend". The Washington Post analyses that Moldova can beKnown as the "backyard" of Russia.  "China is increasingly in need of a variety of forces to deal with the oil-rich Russian neighbour." In addition to competing with Russia for influence, Western media believe that China can also borrow money from Moldova to train a "national client" in the "EU backyard".  "China can export products from Moldova to the EU, which will significantly reduce transport costs for China". Chinese Academy of Social Sciences scholar Smell 2nd in an interview, said Moldova has always been Russia's sphere of influence, Russia and the United States and the European Union are now in Moldova and Georgia and other regions to launch a new round of competition. China's credit for the loans is purely economic and is a result both countries need. On this issue, there is no fundamental conflict of interest between China and Russia, and there will be no competition for political interests. Western media hype This matter is obviously provocative suspicion. (Global Times) news background The economic crisis in Moldova has exacerbated the already impoverished Moldovan economy. The country's overseas workers accounted for about one-third of its gross domestic product, the third-largest proportion in the world.  According to the Moldovan central bank, remittances from the country's overseas workers were reduced by about One-third last year from 2008. People were deeply affected by the economic crisis, such as a woman named Malena: When the economy was good, her husband was a construction worker in Russia and sent home enough to pay 1200 dollars a year for his son's boarding school.  For the past six months, her husband had not been able to get paid and his son had to drop out of school, and the family now relies on a charity in Britain. The US CIA handbook outlines the bleak outlook for Moldova: "There may be a modest recovery in 2010, but it remains susceptible to political uncertainty, weak administrative capacity, bureaucratic vested interests, rising fuel prices, poor agricultural weather, hesitation among foreign investors and Deneste separatist forces." Related news China and ASEAN will "open up the skies" to each other the ministers also plan to sign a 5-year agreement on unrestricted competition in the aviation industry. The Asia-Pacific region is poised to take a new step towards an "open sky".  Singapore's transport minister, Lin, said 1st that China and ASEAN will agree on two air services agreements, and that talks to establish a "Free air services system" are expected to end this year. Open air, develop potential the Financial Times 2nd quoted Singapore Transport Minister Lin as saying that after 6 years of negotiations, the establishment of a "Free air Service System" between ASEAN and China is expected to be settled this year.  In addition, ministers are planning to replace the 2-year old agreement, which currently allows only limited competition between the ASEAN capitals, by a new agreement without restrictions on competition for 5 years. Giovanni Bissignany, chairman of the International Air Transport Association, welcomed the two pending agreements, calling them "very good news".  Basignani has been calling for further liberalisation of air services in the Asia-Pacific region. Basignani said: "If the airline only limitedIn the old mode of operation, the Asian aviation industry will not be able to fulfil its potential.  The International Air Transport Association (IATA) said February 1 that the number of people travelling in the Asia Pacific region over North America in 2009 has become the world's largest civil aviation market. Low-cost airline benefits reports say there has been fierce competition on a limited number of routes in the region as a result of the surge in low-cost carriers such as Malaysia's "Asia Airlines".  These companies are expected to be the biggest beneficiaries of further liberalisation in the airline industry. It is understood that the parties intend to establish the two aviation agreements on the basis of earlier commodity trade agreements, including the China-ASEAN Regional Agreement, which entered into force on January 1. This is the first FTA of China's foreign talks, and the first FTA of ASEAN as a whole.  The free trade zone plans to achieve 90% of the goods Zero tariff.  (Morning News) The Jamaican prime minister, William Golding, who welcomed China's investment in China, said in Beijing 3rd that Jamaica has an excellent location and huge investment potential, welcomes Chinese companies to invest in their teeth, and further promotes cooperation in all areas of the two countries to a new level. Jamaica is one of China's major trading partners in the Caribbean.  China's bilateral trade volume was $219 million trillion in 2009, compared with 2008, when Chinese imports grew by about 280%. Jamaica's Minister of Industry, Commerce and Investment, SAMDA, briefed 14 Chinese business representatives attending the seminar on key investment projects in Jamaica. He said that in recent years, China has given Jamaica a lot of selfless assistance and has contributed significantly to Jamaica's economic and social development.  It is hoped that Chinese enterprises can invest in Jamaica's tourism, information and communication technology, real estate and port construction to achieve mutual benefit. "We are not here to ask for China's gifts, but we sincerely hope that the two countries can carry out vigorous and pragmatic cooperation." "Samda said. Xinhua)

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.