Building Bridges 3.0

Russia continues to build bridges of goodwill around the world for mutual progress.

Russia will be helping the Indians build nuclear power plants. The Nicaraguan Canal would be a better and bigger alternative to Panama Canal.

These projects are to be done on top of the plan to connect the Far East to SouthEast Asia and Central America via a high speed railway system through Siberia.

On the other hand, China will also be investing in India…

China And Russia Reportedly Plan To Build One Of The Largest Seaports In North Asia

Chinese President Xi Jinping may offer cheaper high-speed trains during his India visit

BEIJING: Bullet trains to kickstart state-of-the-art infrastructure in India have caught the imagination of Japanese and the Chinese.

Chinese President Xi Jinping’s visit to India from September 17 will witness a landmark railway framework cooperation that involves introducing bullet trains, upgrading existing railway lines, modernising India’s rail platforms and cooperation between the railway academies and personnel of both countries.

This comes within weeks of Japan’s offer ..

China’s 2013 outbound investment reaches record high

Published time: September 10, 2014 11:14
Red flags flutter next to a national emblem and a national flag of China on top of the Great Hall of the People in Beijing, March 12, 2014.  (Reuters/Petar Kujundzic)

Red flags flutter next to a national emblem and a national flag of China on top of the Great Hall of the People in Beijing, March 12, 2014. (Reuters/Petar Kujundzic)

China’s outbound direct investment (ODI) reached a record high of $108 billion, to become the world’s third-largest investor for the second consecutive year.

Investment grew by 22.8 percent from last year, while global outbound investment went up by 1.4 percent; the Chinese news agency Xinhua cites a report from the Ministry of Commerce (MOC), National Bureau of Statistics and State Administration of Foreign Exchange.

The increase was mostly driven by leasing and business services, finance, mining, wholesale and retail, and manufacturing, which together accounted for 83 percent of the investment.

The largest deal was the purchase by the Chinese oil company CNOOC of Canada’s Nexen at $14.8 billion, Fang Wei, the deputy head of the Department of Outward Investment and Economic Cooperation of MOC said.

By the end of 2013, 15,300 Chinese companies established 25,400 ODI projects in 184 countries and regions around the world.

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Argentina to get $1bn in currency swap with China before end of 2014

Published time: September 08, 2014 12:15
AFP Photo/Mario Goldman

AFP Photo/Mario Goldman

Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves.

It comes as part of a loan worth $11 billion signed in July by Argentina’s President Cristina Fernandez de Kirchner and Chinese counterpart Xi Jinping during hisLatin America tour– shortly before the country fell into its second default in 12 years.

The Central Bank of Argentina announced that the value of the first disbursement will be between $500 million and $1 billion, according to La Nacion newspaper.

Once it’s got the money Argentina has two options – it could convert the yuan into to dollars in Hong Kong or London, or it could hold the yuan as part of a package of currencies comprising the international reserves of the Central Bank – as Chile and Bolivia have done.

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Indian Ambassador: ‘Our Privileged Partnership Covers Every Area of Human Endeavor’

Pundi Srinivasan Raghavan has recently been appointed as the ambassador of India in the Russian Federation,

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