Li Keqiang Pushes for China-Europe Investment Treaty

China’s premier Li Keqiang has criticised investment flows between the EU and China as “hardly satisfactory” and made a strong appeal for the early conclusion of a bilateral treaty that would give Chinese companies a smoother path to acquiring European counterparts. Mr Li, who was in Brussels on Monday to co-chair the 17th China-EU summit, also called for the two sides to start a feasibility study for a free trade area to resist protectionism and boost connectivity between Asia and Europe. ...
More

Iran, Russia discuss BRICS, SCO summits

Russia and Iran have held consultations ahead of two major summits by members of BRICS and Shanghai Cooperation Organization (SCO) nations to call for regional integration. The BRICS and SCO summits of the world’s major emerging economies will take place on July 8-10 in the Russian city of Ufa. Russian Deputy Foreign Minister Igor Morgulov said he hoped Iranian President Hassan Rouhani would attend the events. The Russian official met Iran’s Ambassador in Moscow Mehdi Sanaei to discuss pre...
More

China’s Stock Market Plunges on Greek Crisis

Stock markets in China continued to head south amid volatile trade on Monday, with investors shrugging off fresh easing from the People's Bank of China's (PBOC) over the weekend. Elsewhere in the region, equities witnessed a huge selloff after Greece failed to clinch a deal with its international lenders over the weekend. Greece desperately needs emergency funding to repay its loans by June 30 and the debt-stricken nation is now headed for a bailout referendum on July 5, authorized by Greek l...
More

Video: SPIEF & RT Host Panel Discussion on BRICS

http://www.youtube.com/watch?v=98FxNusCVq4 RT and SPIEF have jointly held a panel discussion titled ‘THE NEW DEVELOPMENT BANK: A STRONGER ROLE FOR BRICS IN THE GLOBAL FINANCIAL ARCHITECTURE’. The BRICS economies have established a USD 100 billion development bank to be based in Shanghai. What does this new institution mean for global economic management? What are some of the key areas of focus over the medium term? RT presenter Peter Lavelle was joined by a set of very distinguished gue...
More

China Builds Fleet of Midget Submarines

The space snapshots captured by DigitalGlobe show the vessel berthed at the shipyard pier used for fitting out submarines. The midget submarine had left the pontoon by late November and by mid-January 2015, another submarine, probably a Type 041 Yuan-class boat, occupied the pier. According to imagery measurements, the midget submarine has an approximate length of 35 meters and beam of 4 meters, which suggests a surface displacement around 400-500 tons. Midget submarines – sometimes ...
More

US Boosts Weapon Sales To China’s Neighbors

China’s expansion across disputed territory in the South China Sea is driving up demand for US heavy weapons and military aircraft from Beijing’s neighbors, former US Defense Department official Dov Zakheim told Sputnik. Earlier on Friday, US Deputy Secretary of State Tony Blinken called on all claimants, including China, Vietnam, Malaysia, Brunei, Taiwan and the Philippines, to freeze construction on the islands in the South China Sea. “We [the United States] are selling everything from c...
More