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.

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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).

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Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.