China’s silky charming of Arabia
China’s silky charming of Arabia by Pepe Escobar – ATimes
TDC Note – Oh my. China continues to get a stronger foothold in the Middle East while the U.S. continues down a murderous path of destruction. President Trump needs to bring the troops home or redirect their efforts towards humanitarian aid or business – conducting business, starting business and being business PARTNERS instead of overlords. The whole overlord thing is done, finished and countries are moving towards cooperation, equal footing and mutual economic development. If the U.S. continues dropping “love bombs” on people that do not do as we say, we will find ourselves completely isolated before 2030.
President Xi Jinping has promised more than $23 billion in loans and aid to Arab states, as Beijing ramps up ties with the Middle East; this includes aid for Palestine; Beijing foresees importing a whopping $8 trillion from Arab states up to 2025
Under the radar, away from World Cup frenzy and the merger and acquisition of Cristiano Ronaldo Inc. and Fiat, the eighthministerial meeting of the China-Arab States Cooperation Forum (CASCF), established in 2004, sailed on in Beijing, hosted by President Xi Jinping.
Amid the torrential pledge of loans and aid, China committed to invest right across the Arab world in transportation infrastructure, oil and gas, finance, digital economy and artificial intelligence (AI).
Significantly, Beijing will offer $15 million in aid for Palestinian economic development, as well as $91 million distributed among Jordan, Lebanon, Syria and Yemen.
Aid and loan package
A China-Arab bank consortium will be set up, with a dedicated fund of $3 billion tied up with the financial aid and loan package.
Beijing also foresees importing a whopping $8 trillion from Arab states up to 2025.
Predictably, once again Xi fully connected the whole Arab world with the expansion of the New Silk Roads, or Belt and Road Initiative (BRI).