Duterte Aligns Philippines With China, Says U.S. ‘Has Lost’

A new Asian bloc with China as the umbrella protectorate is forming.

Exit Pax Americana.

Enter Pax Asia Pacifica.

 

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Philippine President Rodrigo Duterte (L) and Chinese President Xi Jinping shake hands / REUTERS

 

BEIJING (Reuters)–Philippine President Rodrigo Duterte announced his “separation” from the United States on Thursday, declaring he had realigned with China as the two agreed to resolve their South China Sea dispute through talks.

Duterte made his comments in Beijing, where he is visiting with at least 200 business people to pave the way for what he calls a new commercial alliance as relations with longtime ally Washington deteriorate.

“In this venue, your honors, in this venue, I announce my separation from the United States,” Duterte told Chinese and Philippine business people, to applause, at a forum in the Great Hall of the People attended by Chinese Vice Premier Zhang Gaoli.

“Both in military, not maybe social, but economics also. America has lost.” Continue reading

China and Saudi Arabia Strengthening Ties

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China and Saudi Arabia Strengthening Ties Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman (L) is welcomed upon arrival in Beijing, China August 29, 2016. – See more at: http://www.trunews.com/article/china-and-saudi-arabia-strengthening-ties#sthash.yC6hcArW.dpuf

 

(BEIJING) – Saudi Arabia signed 15 preliminary agreements with China on Tuesday in sectors from energy to housing on a trip headed by Deputy Crown Prince Mohammed bin Salman aimed at bolstering relations with a top energy customer and trade partner.

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How Ukraine Is Changing Global Energy Flows

On September 1, 2014, Russian President Vladimir Putin and Chinese Premier Zhang Gaoli initiated the construction of what they claim will be “the world’s largest construction project.” This 3,968 km “Power of Siberia” pipeline connecting gas fields between Russian’s Siberia and China’s Northeast region is expected deliver four trillion cubic meters of gas to China over the next thirty years. With an estimated 1.2 trillion cubic meters of gas and 93 million tons of liquid hydrocarbons stock, Chayanda fields in the Republic of Yakutia will be the chief production station conveying gas to Northeast China through the border city of Blagoveshchensk. The overall cost of this gigantic enterprise has been evaluated at more than 20 billion dollars, which covers other investments in the region totaling 7.5 billion dollars. Continue reading

Vice premier: China backs new global credit rating system

BEIJING, June 23 (Xinhua) — China supports the development of a new international credit rating system that is objective, just, rational and balanced, Chinese Vice Premier Zhang Gaoli said here on Monday.

During a meeting with international personages attending an Asian credit system forum in Beijing, Zhang said China is ready to work with all other countries to push for the perfecting of the existing credit rating system and the establishment of an Asian credit rating system and standards that suit regional characteristics. Continue reading