Peru will sign a memorandum of understanding to join China's Belt and Road ...
LIMA - Peru will sign a memorandum of understanding to join China’s Belt and Road infrastructure initiative in coming days, China’s ambassador said on Wednesday, despite recent warnings from the United States about the Beijing’s rise in Latin America.
The deal will make Peru one of a few Latin American nations to formally join the China’s flagship infrastructure policy, underscoring how countries around the world are being drawn into China’s orbit by the promise of investment and despite U.S. objections.“Signing this memorandum of understanding is the start of a cooperation model that China has proposed to the world which...will allow us to broaden our ties,” Araoz told Reuters at the event following Jia’s announcement.
But early last year, China invited Latin American and Caribbean countries to sign up as well, as it seeks to deepen its ties in a resource-rich region where U.S. influence is historically strong.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China to recalibrate Belt and Road, defend scheme against criticismChina is expected to promote a recalibrated version of its Belt and Road initiat...
Read more »
In nod to debt concerns, China Belt and Road summit to urge sustainable financingWorld leaders meeting in Beijing this week for a summit on China's Belt and...
Read more »
China says Silk Road not geopolitical tool, understands concernsChina's Belt and Road project is not a 'geopolitical tool' or a d...
Read more »
A viral outbreak in China might make dinner more expensive for everyonePork prices in China may soar more than 70% by next year, as hog populations — ravaged by African swine fever — plunge to 'historically low' levels.
Read more »
China says its economic growth is improving, but analysts warn it still needs stimulusChina's stronger-than-expected growth claim may be tempting policymakers to pare back stimulus. Analysts say that would be a mistake.
Read more »
China and India will become asset management 'powerhouses,' top fund manager saysChina and India are poised to become 'real powerhouses' for the asset management industry, Standard Life Aberdeen Vice-Chairman Martin Gilbert told CNBC at the first Financial Sector Conference in Riyadh, Saudi Arabia.
Read more »
China reportedly uses satellites built and financed by US companies to connect military operationsChina makes use of nine satellites in orbit around the Earth, built by American companies, to boost government capabilities, the WSJ reported.
Read more »
U.S. wins WTO ruling against China grain import quotasThe United States won a World Trade Organization (WTO) ruling on Thursday agains...
Read more »
Major banks raise China growth forecasts after surprise GDP numbers — some are still cautiousChina's better-than-expected first quarter GDP growth is spurring economists at Citi, Barclays and ING to raise their growth forecasts for this year, though other analysts are holding off for now.
Read more »
China complains to U.S. over end to Iran oil sanction waiversChina's Foreign Ministry said on Tuesday it has formally complained to the ...
Read more »