A look at the Chinese grand-plan-1 (a) the Belt and Road ( Archived) (91)

Jul 8, 2017 4:00 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
B-1B Lancers near Yeongwol County Korean border
US B-1B Lancer bomber planes (top) flying over South Korea during a South Korea-US joint live fire drill conducted at a range in Yeongwol County on July 8, flying close to the DMZ in a show of force after Pyongyang’s latest missile test. — South Korean Defence Ministry/AFP pic

The long-range heavy aircraft each dropped a 2,000-pound (907.1 kilos) laser-guided bunker-busting smart bomb.



US bombers carried out a rare live fire drill in South Korea Friday, flying close to the DMZ in a show of force after Pyongyang’s latest missile test, the South’s defence ministry said

The US Missile Defense Agency said Friday it would soon test an anti-ballistic missile system in Alaska, days after the North demonstrated its arsenal was capable of striking parts of Alaska with the ICBM test.

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Jul 9, 2017 1:26 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
US bombers flew over the disputed South China Sea a day ahead of joint drills with Japanese fighter jets over the East China Sea, the US military said on Friday as Washington stepped up pressure on Beijing over North Korea’s nuclear and missile programmes.

In another deployment, the US 7th Fleet along with the aircraft carrier USS Nimitz began an 11-day joint exercise with Indian and Japanese forces in the Bay of Bengal on Friday.



space age ship:

The USS Coronado arrived at Cam Ranh International Port, Vietnam, for a five-day exericise with the Vietnamese navy, Wednesday, July 5, 2017.

The Navy has kicked off naval drills with Vietnam, just days after sending a guided-missile destroyer near a South China Sea islet claimed by China, Taiwan and Vietnam.

The USS Coronado and USNS Salvor steamed into Vietnam’s Cam Ranh International Port Wednesday for the annual five-day “Naval Engagement Activity,” which will include ship handling, medical evacuations and practicing the Code for Unplanned Encounters at Sea, a Navy statement said. Skill exchanges will cover shipboard damage control, shipboard medicine and law.

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Jul 9, 2017 11:21 PM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Mosul's population, which has fallen from a peak of around two million, now comprises mostly Sunni Arabs, and after Saddam Hussein was defeated the jihadist group Al-Qaeda took root there.

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Jul 16, 2017 2:28 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Gov’t Renames South China Sea to North Natuna Sea

The Government of Indonesia officiated the name of Northern Natuna Waters as North Natuna Sea, to replace the previous name of South China Sea.



Beijing criticizes Indonesia renaming part of South China Sea

China's reaction
Chinese Foreign Ministry spokesman Geng Shuang said he wasn't aware of the details of Indonesia's decision, but reiterated his country's territorial claims to the South China Sea.

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Jul 16, 2017 7:09 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
the far-reaching aspirations of Chinese foreign policy
global reach
The initiative includes some 60 countries accounting for 60% of the world’s population, 30% of its GDP, and 75% of its energy resources.



China & Portugal step up cooperation on New Silk Road initiative

Lisbon and Beijing are to broaden links as part of the Belt and Road Initiative which is bringing together dozens of countries in a global infrastructure project, Xinhua reports Thursday.

The initiative envisages the creation of six economic corridors: Bangladesh-China-India-Myanmar, China-Mongolia-Russia, China-Central Asia-West Asia, China-Indochina Peninsula, China-Pakistan Economic Corridor and Eurasian Land Bridge.



Asian Infrastructure Investment Bank (AIIB)

Members and Prospective Members of the Bank

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Jul 19, 2017 1:22 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
The original Australian Constitution Act 1900

sec 6.
Definitions.
“The Commonwealth” shall mean the Commonwealth of Australia as established under this Act.
“The States” shall mean such of the colonies of New South Wales, New Zealand, Queensland, Tasmania, Victoria, Western Australia, and South Australia, including the northern territory of South Australia, as for the time being are parts of the Commonwealth, and such colonies or territories as may be admitted into or established by the Commonwealth as States; and each of such parts of the Commonwealth shall be called “a State.”
“Original States” shall mean such States as are parts of the Commonwealth at its establishment.

44.
Any person who—
(i)
Is under any acknowledgment of allegiance, obedience, or adherence to a foreign power, or is a subject or a citizen or entitled to the rights or privileges of a subject or a citizen of a foreign power:


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Jul 20, 2017 1:25 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
China's Belt And Road Is Starting To Fulfill Its Own Prophecies



Japanese Infrastructure Deal with Bangladesh May Disrupt “Belt and Road” Initiative

On 29 June, the Japan International Co-operation Agency (JICA) and the Government of the People’s Republic of Bangladesh signed a loan agreement to provide official development assistance (ODA) loans of up to 178.225 billion yen (approximately $2.05 billion) to fund six major infrastructure projects. Bangladesh is one of the world’s fastest growing economies, accelerating at an average pace of six per cent per annum due to the development of its garment industries. As such, the country



Beijing's Belt and Road ambitions rekindle Sino-Indian row
Border tensions set off by Chinese road-building in disputed area

Starting in mid-June, both sides have deployed troops on the Doklam plateau -- an ill-defined region in western Bhutan, which relies on India for military support. The tiny mountain kingdom and China signed a series of agreements to maintain peace in the disputed area, but the border issue remains unresolved. Tensions began rising June 16 when China started building a road in Doklam that can be used by military vehicles, according to Bhutan's Ministry of Foreign Affairs.



meanwhile

President Trump has decided to end the CIA’s covert program to arm and train moderate Syrian rebels battling the government of Bashar al-Assad, a move long sought by Russia, according to U.S. officials.


Netanyahu accidentally reveals Israel has struck Iran-backed fighters in Syria ‘dozens of times’

It has never been a particularly well-kept secret that Israel has conducted clandestine airstrikes in Syrian territory over recent years. But this week, Benjamin Netanyahu seemed to not only admit that these strikes had occurred, but that they had occurred “dozens” of times.

ttps://www.washingtonpost.com/news/worldviews/wp/2017/07/19/netanyahu-accidentally-reveals-israel-has-struck-iran-backed-fighters-in-syria-dozens-of-times/?utm_term=.1bd7568b2eed

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Jul 25, 2017 5:08 PM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
NORTH KOREA: HOW KIM JONG UN’S FAMILY WAS PICKED BY RUSSIA TO LEAD AND THREATEN AMERICA
BY NEWSWEEK ARCHIVES ON 7/25/17 AT 6:48 PM

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Jul 27, 2017 4:40 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Britain's new aircraft carriers to test Beijing in South China Sea

HMS Queen Elizabeth, the Royal Navy’s new aircraft carrier, will take part in exercises in the South China Sea Boris Johnson has pledged.




China’s foreign minister said on Monday that he hoped construction of a new Thai railway could start immediately to give Thailand better access to Chinese markets.

The railroad is part of China’s belt and road infrastructure project allowing cross-border development and connectivity among Asian countries, Africa, China and Europe.

Chinese analysts said Washington’s plan to send US Navy ships to the waters would further antagonise Beijing and fuel tensions in the region.
Also on Monday, Thai Foreign Minister Don Pramudwinai said there were “no obstacles” to the relationship between the two countries.
Thailand this year approved the purchase of more than US$500 million of Chinese submarines, tank and helicopter.



Canadian warships join “freedom of navigation” exercises in South China Sea

Alongside American, Australian, Japanese and South Korean naval vessels, two Canadian warships have participated in recent months in provocative “freedom of navigation” exercises and wargames in the South and East China Seas.
Thanks chiefly to US imperialist machinations, the South China Sea, large parts of which are claimed by China, has become an international flashpoint—one that threatens to spark a direct military clash between nuclear-armed powers.

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Jul 27, 2017 8:33 PM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
crayons
crayonscrayonsSt. Jo, Texas USA65 Threads 1,951 Posts
many people dont know that republicrats
mcstain,flake,lyin ryin,gramnesty,
rubio,& cornhead are just neocon trotsky's...

mcstain,cornhead and grahnesty
have been stabbing us in the back
for 20 years...all have takin/received
soros money and are compromised by other
interests as well.
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Jul 27, 2017 11:24 PM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
yeah really bend, mccain was here month ago, lots of suck-ups kissing butt going on hopefully trump will spring clean not only your scumbags but ours to. Most of the minister in Australia have allegiance to the vatican state and are attempting to piss off our excellent head of state so they can put their lairs in place, think its called civila war in the making
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Jul 28, 2017 4:23 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Russia Retaliates for U.S. Sanctions by Ousting Diplomats

Russia ordered the U.S. to cut its embassy and other personnel in the country and ousted it from properties in Moscow, retaliating angrily to the passage late Thursday of a new sanctions bill in the U.S. Congress.

Late Thursday, the Senate voted 98-2 for a bill passed earlier by the House that strengthens existing sanctions on Russia and gives Congress the power to block President Donald Trump from lifting them.



Russia Ponders Limited Options for Hurting U.S. Over Sanctions

Russia is threatening “painful” retaliation against the U.S. if new sanctions passed by the House of Representatives become law, though the limited trade ties between the two nuclear powers leave few appealing options.

The U.S. was Russia’s third-largest trading partner in 2016 with exports and imports valued at $25.6 billion, though that’s still only about five percent of Russia’s overall trade.

Possible options include:

HEADINGS:
Tit-for-Tat Expulsions:
Block Exports of Key Metals and Minerals:
Space Cooperation:
Geopolitics: Russia and the U.S. already don’t see eye-to-eye on tackling foreign-policy challenges in North Korea, Iran and the Middle East.
Energy:
Ban U.S. Consumer Goods:
Wild Cards:



Prime Minister Nawaz Sharif of Pakistan Is Ordered Removed


Panama Papers Case Verdict Live Updates: Nawaz Sharif Disqualified By Pakistan Supreme Court
Pakistan's Supreme Court on Friday disqualified Prime Minister Nawaz Sharif from office after a damning corruption probe into his family wealth over the Panama Papers leak, cutting short his third stint in power. The Supreme Court dismissed Mr Sharif after an investigative panel alleged his family could not account for its vast wealth.


The Pakistand Express Tribune home page:


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Jul 28, 2017 4:39 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Amid the ongoing Panamagate controversy, China and the Pakistani Army are trying to ensure that the construction of the China Pakistan Economic Corridor (CPEC) does not face any disruption, thus, making it clear that their interests are more important than the hard-earned money of Pakistani tax-payers, said a recent report by the European Foundation For South Asian Studies. The Panama Leaks fallout on Prime Minister Nawaz Sharif has imposed a challenge over the construction of the CPEC. Although the two countries have agreed to move the CPEC project forward, regardless of the Panamagate issue, the Chinese leadership’s instruction was that the Pakistani Army-driven Joint Investigation Team (JIT) needs to guarantee that the project remains the country’s main priority.

“Most likely, the Pakistani Army would like to keep the pressure on Nawaz Sharif by letting the courts investigate and perhaps even allow it to come up with a harsh judgment. The officers of the Pakistani Army are much more content in de facto ruling the country while having a weak Prime Minister than having a military President, who has to deal with legitimacy issues,” it adds.



China can enter Kashmir on Pakistan’s behalf: Chinese media

BEIJING: After China’s blunt proclamation of safeguarding its security interests at any cost as its sovereignty was “indomitable”, amid a standoff with India in the Sikkim sector, Chinese state-run daily has warned India that China can enter India-occupied Kashmir on Pakistan’s invitation.

An editorial titled “Time for a second lesson for forgetful India” in the Global Times accused India of transgressing China’s borders and trying Chinese people’s patience in the ongoing standoff.

The editorial warns India that China too can enter India-held Kashmir on Pakistan’s behalf. It referred that extraordinary Chinese move could be taken in view of Indian stance when its troops also entered into Doklam from the China-Sikkim border.

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Jul 28, 2017 4:58 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Male, July 26: Pakistan Prime Minister Nawaz Sharif has accused India of “undermining” the spirit of the SAARC by “casting shadows” of bilateral issues on the multilateral forum for regional cooperation.
In a joint press conference with Maldivian President Abdulla Yameen here, Sharif Tuesday said that the last Islamabad SAARC summit was not the first time that India caused harm to the SAARC by seeking its postponement.
“It had done so on four occasions,” he claimed.
After holding talks with Yameen, Sharif said Pakistan and Maldives have agreed to work together to make the South Asian Association for Regional Cooperation (SAARC) a vibrant organisation and a vehicle to realise their shared dreams for a peaceful and prosperous region.
“India undermined and violated the spirit of SAARC Charter by casting shadows of bilateral issues and problems on a multilateral forum for regional cooperation,” he was quoted as saying by the state-run Associated Press of Pakistan (APP).
“We, however, remain grateful for President Yameen’s support regarding the SAARC summit in Islamabad,” he added.
Sharif said that during his talks with the Maldivian President he also raised the Kashmir issue.
India pulled out of the SAARC Summit in Islamabad last year citing increased “cross-border” attacks after heightened tension with Pakistan over Uri terror attack.
Afghanistan, Bangladesh and Bhutan also pulled out of the Summit indirectly blaming Pakistan for creating an environment which was not right for the successful holding of the meet, resulting in its collapse.



ISLAMABAD: The first meeting of Bilateral Consultative Forum between the Ministry of Foreign Affairs of Indonesia and the Ministry of Foreign Affairs of Pakistan was held in Jakarta on 11 July 2017.




Pak delegation completes study visit to Indonesia

An eight-member Pakistani delegation, facilitated by the Pakistan Institute of Legislative Development & Transparency (Pildat) and led by Senator Mushahid Hussain Sayed here Friday, completed the study visit to Indonesia that was started on July 17.

During the Visit, delegation also called on Vice President of Indonesia Muhammad Jusuf Kalla at Merdeka Palace, Jakarta. Vice President highlighted the strengths of relations between Indonesia and Pakistan and the role two countries can play in addressing challenges faced by the Muslim countries. Furthermore, Meidyatama, President of the Antara News Agency, shared Indonesian media’s perspective on state of civil military relations and democratic consolidation in Indonesia.



Pakistan, Indonesia to enhance bilateral Defence Cooperation

The delegation also discussed the terrorist threat and counter militancy strategies being followed by both Pakistan and Indonesia identifying the scope for mutual cooperation.

Moreover, it also came under discussion that how could Indonesia benefit from Pakistan’s defence production, research and development facilities and firsthand experience of Pakistan in the counterterrorism fields.



RUSSIA LAUNCHES 73 SATELLITES INTO ORBIT

The Kanopus-V-IK satellite will provide wide-angle images of Earth and will be used especially to detect forest fires or to update the topography of maps.
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Jul 31, 2017 4:30 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
'64,000 dead in first three hours': Experts offer a terrifying glimpse into war with North Korea

The empire of America will meet a shameful end': North Korea's firm warning

North Korea has warned the US of dire consequences if it doesn’t “behave itself” as a war of the words continues between the two countries.

North Korea threat: Japan's Abe says he and Trump agree to take further action

Bangladesh concerned over NKorea missile test

Malaysia condemns North Korea's ballistic missile test

US always ready to use force against North Korea, general warns

China bets Donald Trump won't resort to strike against North Korea
We will no longer allow this to continue. China could easily solve this problem!"

Hours later, Mr Xi called on China to speed up its military modernisation, telling troops at an army parade that "the world isn't safe at this moment".

China preparing for potential crisis with North Korea
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Aug 1, 2017 4:21 PM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Funding for OBOR initiative currently at US$240b

Funding for the One Belt One Road (OBOR) initiative, China’s game-changing development plan to link the country with the African, Asian and European continents, has gained some traction with accumulated pledges of about US$240bil to date.



India And Japan Join Forces To Counter China And Build Their Own New Silk Road

India and Japan are at the forefront of this movement, devising a mutual vision which could be labeled the ‘other’ New Silk Road.

Just days after Xi Jinping’s epic Belt and Road Forum in May, India’s Prime Minister Modi unveiled a vision to counter the international ambitions of China at a meeting of the African Development Bank (AfDB) in Gujarat.

India, Russia, and Iran are busy at work putting together the North-South Transport Corridor, a multimodal route that goes from the west coast of India all the way to St.Petersburg, Russia.



China's Belt and Road Comes to Nepal
The Belt and Road could help Nepal reduce its economic dependence on India.

Thanks to a recently signed memorandum of understanding between Nepal and China, Beijing’s Belt and Road Initiative (BRI) has been discussed as a possible alternative gateway for Nepali access to China, Central Asia, and Eastern Europe. Nepal, so far connected to world trade through the southern route and India, has not been able to fully utilize its potential due to infrastructural clogs across the border, including lack of road, rail, and port facilities.

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Aug 3, 2017 1:05 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Russia’s Military Drills Near NATO Border Raise Fears of Aggression



A Deal for an Australian Dairy Wrapped in Layers of Chinese Loans



Chinese Overseas Real Estate Buying Spree Slows, Delayed By Tightened Capital Controls

A recent report by Chinese property search portal Juwai estimated that outbound real estate investment by Chinese companies and individuals would drop by as much as 20% this year to $80 billion, down from $101.4 billion last year.

Overall, Chinese outbound investment dropped nearly 46% to $48.19 billion in the first half of the year, according to data released by China’s Ministry of Commerce, after hitting a record high in 2016. Real estate, which has been a favorite sector for overseas investment, is among the sectors seeing some impact.



China urges ASEAN to reject outside interference

Sri Lanka signs $US1.1b China port deal

THE Chinese company which owns Tasmania’s most famous dairy property says it will keep its long-term commitments to significantly invest in the business.

The owner of Tasmanian dairy-farming giant VDL, Moon Lake Investments, has a deal with Qantas to fly fresh Tasmanian milk directly to China in weekly flights.

Moon Lake had hoped the exports would start in the first half of this year but the flights are yet to begin.



China will protect its sovereignty: Xi
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Aug 3, 2017 4:22 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Malaysia, China enhance military collaboration to maintain peace in South China Sea

Zhang said current the People’s Liberation Army of China is implementing Chinese president Xi Jinping’s strategic deployment on transforming defense, building up its strength in defense for national security and relative interest in development to be compatible with China’s status at international level.

US to buy abandoned Russian aircraft for next Air Force One

The US Air Force is about to buy two mothballed Boeing 747s that were abandoned by a bankrupt Russian airline -- and convert these into the next Air Force One, a source said Tuesday.

Converting a pair of 747-8 jumbo jets to state-of-the-art luxury command centers by 2022 has been estimated to cost $3.2 billion, but overruns and delays could push the price tag higher.


China opens first overseas military base in Africa

China has officially opened its first overseas naval base in Djibouti, state media said Tuesday, a major step for the country's expansion of its military presence abroad.

Beijing has made extensive infrastructure investments throughout the African continent as it seeks to gain access to natural resources and new markets.

Chinese banks have been major funders of at least 14 such projects in Djibouti, valued at 14.4 billion dollars in total, including a railway line that will halve transit times from Djibouti to Ethiopia's Addis Ababa.

Home to only around 800,000 people, Djibouti also hosts troops from France and Japan.



India plays down Chinese intrusion in Uttarakhand

Beijing cautioned: A premier Chinese daily on Monday cautioned Beijing that the protracted row over the Doklam incident could threaten its ambitious trade and infrastructure outreach plan: the ‘Belt and Road Initiative (BRI)’.

The South China Morning Post quoted Chinese experts as saying that Beijing’s ‘hardball’ politics were pushing New Delhi further away and could end up making it an enemy.

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Aug 3, 2017 4:22 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
Japan almost finished with probe into US Navy ship collision

The container ship, the ACX Crystal, and most of its crew were allowed to leave Japan for Thailand on Sunday after repairs were finished. Coast guard officials declined to give details.


The container ship and most of its crew were allowed to leave Japan and coast guard officials said they don't expect charges to be filed. A spokesman for the company that owns the freighter said Monday that the captain and some crew members had voluntarily stayed behind.


A Possible Scenario for the USS Fitzgerald Collision
Possible Scenario Part 2

ACX Crystal was in a relative position to FITZ for some period of time. ACX Crystal was steering on a set course and speed that paralleled that of USS Fitzgerald presumably on her starboard quarter (behind her to the right) at about two to three nautical miles, or closer.

Possible Scenario Part 3

FITZ made a routine (for a Navy ship) maneuver. FITZ maneuvered, most likely contrary to the Nautical Rules of the Road, to meet a future operational Navy requirement. Navy ships are unpredictable, always going someplace and often in a hurry, not always easy to talk with on the radio and always training new and inexperienced crew, all to the consternation of the civilian mariners.



YOKOSUKA NAVAL BASE, Japan — The former commanding officer of the USS Antietam was “ultimately responsible” for the cruiser running aground and spilling roughly 1,100 gallons of hydraulic fluid into Tokyo Bay in January, a Navy investigation concluded.



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Aug 5, 2017 3:45 AM CST A look at the Chinese grand-plan-1 (a) the Belt and Road
robplum
robplumrobplumEnsay, Victoria Australia107 Threads 1 Polls 12,031 Posts
In Singapore, Family Feud Deepens Over Facebook Posts

The dispute is the latest in a bitter family drama that has riveted the city-state and raised questions about the legacy of Mr. Lee, Singapore’s first prime minister, and how the nation should be governed after 58 years of one-party rule.

As part of an international investigation into the Malaysian fund, officials in the United States have asserted that nearly $1.45 billion from the bond sales had been illegally redirected, and that some of the cash ended up in the hands of friends and associates of the prime minister of Malaysia, Najib Razak, and with executives from Abu Dhabi’s sovereign wealth fund. Mr. Najib has denied any wrongdoing.
In a further complication, 1MDB defaulted on the bonds, leaving Malaysia and Abu Dhabi arguing over who would pick up the tab. They eventually agreed that 1MDB would pay $1.2 billion to the Abu Dhabi fund by the end of this year, and that it would assume all interest and principal payments on the bonds.

Unrelated to this dispute, 1MDB remains the subject of investigations in Singapore, Switzerland, the United States and other jurisdictions. American officials are seeking to recoup $1 billion they say was ultimately spent in the United States.


Saudi Arabia to Invest $20 Billion in Infrastructure, Mostly in U.S.

Earlier on Saturday, the Japanese telecommunications giant SoftBank announced the first end of the first round of fund-raising for its Vision Fund, a planned $100 billion technology investment vehicle to which the kingdom had pledged $45 billion.

China is the second largest oil consumer in the world. However, unlike the world’s largest oil consumer, the United States, China produces very little of its own oil. This makes China a particularly valuable market for producers, especially during the current period of supply glut.
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