Pyongyang’s move to halt nuclear and missile tests is more the result of collective efforts, including that of Russia and China, than US threats to “wipe off the map” North Korea, a top Russian senator says. [...]
Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. The Chinese business magnate earlier in January met with US President-elect Donald Trump, who has bemoaned the loss of American industry and jobs due to the outso [...]
Washington's latest round of sanctions targeting Russian business will cost the German economy billions of euros, according to estimates revealed by the Russian-German Foreign Trade Chamber (AHK). “The recent sanctions of the US against Russia may cost the German economy billions of euros in years to come,” the report said. [...]
The grandiose construction of the century has been completed; the world’s longest sea bridge connecting Hong Kong, Zhuhai and Macau will be opened this year. The chief engineer and the inspiration behind the project, 43-year-old Zhang Jinwen told Sputnik about how they started designing the bridge 18 years ago, the difficulties that the engineers had encountered in building one of the world’s [...]
The price of the traditional safe haven gold increased on Monday after Beijing introduced retaliatory measures against American goods coming to China. After falling in the past three trading sessions, the yellow metal surged over $8 per troy ounce to $1,335. [...]
Moscow and Beijing will team up to create an integrated navigation system based on Russia’s Global Navigation Satellite System (GLONASS) and the Chinese BeiDou. The satellite system will cover most of Eurasia. The countries will reportedly negotiate the merger in May at the International Conference on Advanced Technologies in Manufacturing and Materials Engineering in the Chinese city of Harbin, [...]
Muammar Gaddafi wanted to shatter the dominance of the greenback in the Middle East by introducing gold-backed dinar, but failed. China has a chance to finish what he started, one industry expert has told RT. “Ideas related to oil trade in currencies other than the dollar arose more than once. [...]
Beijing is hiking up tariffs on more than 128 US imports, including fruit and pork, as part of a tit-for-tat response to US President Donald Trump’s $60 billion package of tariffs imposed against China. The additional fares, which range from 15 to 25 percent, will take effect on Monday, the Chinese Finance Ministry said on their website. [...]
Leaders of the two US military branches have warned that China is “weaponizing capital” - buying strategically valuable land from other countries to give themselves a military edge to “win without fighting.” During a House of Representatives Appropriations Defense Subcommittee hearing on Thursday, US Secretary of the Navy Richard V. Spencer told lawmakers that the issue of Chinese land [...]
The US military has admitted that the United States is lagging behind Russia and China when it comes to hypersonic weapons development, according to The Hill. "Right now we are helpless," Republican US Senator James Inhofe, who sits on the Armed Services Committee, was quoted by The Hill as saying. [...]
China is the world's biggest crude consumer and buys most of its oil from Russia. However, most settlements are still in US dollars. The launch of the petro-yuan now allows Moscow and Beijing to use national currencies instead. China and Russia are actively reducing dependence on the dollar in bilateral trade. In October 2017, Beijing launched a payment system for transactions in yuan and Russian [...]
The new trade war announced by US President Donald Trump is seeing some immediate and effective blowback in the form of a refusal by Beijing to lift its ban on the import of foreign garbage. Amid fears of a potentially devastating trade war between the US and China, Washington has urged Beijing not to implement the ban on US garbage and recyclable materials that Asia’s giant threatened to impose [...]
The gold accumulated by China and Russia could be seen as part of a strategy to move away from international trade denominated in US dollars, according to Singapore’s BullionStar precious metals expert Ronan Manly. Manly exclusively told RT that there is a shift occurring regarding the two countries building up their gold reserves, to perhaps returning to gold-backed currencies in the future an [...]
Tourists from China accounted for the highest number of foreign visitors to Russia last year, according to Chinese Ambassador Li Hui. “The number of Chinese tourists in Russia reached 1.5 million in 2017. [...]
European and Chinese officials are firing shots across America’s bow over plans by the Trump administration to impose protectionist tariffs on its steel and aluminum imports. A trade war looms as a result. President Donald Trump is expected to set tariffs of 25 percent on imported steel and 10 percent on imported aluminum this week. [...]
The Chinese economy just pushed past the US to become the world’s largest economy (at least according to purchasing power parity). Although long expected by many experts, the Asian powerhouse’s snatching of the top spot has taken some by surprise. Euro Pacific Capital President Peter Schiff speaks with RT’s Ben Swann on why the US is now number two.
China overtakes US as world's large [...]
On Saturday, the US federal government shut down due to a lack of funding after Democrats in the Senate prevented Republicans from passing the spending bill. The US government shutdown raises questions about the viability and legitimacy of America’s political system, Chinese state media has reported. [...]
Beijing has announced plans to extend the ambitious Belt and Road Initiative to the Arctic by developing shipping routes, in a project dubbed the Polar Silk Road. In a white paper released on Friday, the country said it expects to have a “major role in expanding the network of shipping routes” and noted that “as a result of global warming, the Arctic shipping routes are likely to become impo [...]
Since the new Russia-China oil supply agreement took effect at the start of the year, PetroChina’s largest refinery has almost doubled the amount of Russian pipeline crude oil that it is processing. A senior industry source with direct knowledge of the volumes told Reuters, the 410,000-bpd PetroChina refinery in the northeast port city Dalian will process 260,000 bpd of Russian pipeline crude oi [...]
Beijing has stepped up its "railway diplomacy" by boosting its infrastructural projects simultaneously on three continents. Speaking to Sputnik, analysts highlighted China's competitive advantages and shed light on the obstacles the People's Republic is facing while implementing its initiatives. [...]
The Chinese Ambassador has praised the Russia-China relationship as “the best in the world,” but analysts tell RT it falls short of a close economic or military alliance. This may change if Washington chooses to confront Beijing.
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A new report issued by the US-based research think tank RAND Corporation has suggested that under the threat of open confrontation with Russia and China, the United States is likely to suffer sufficient losses and eventually will be defeated. [...]