In recent weeks, several Hollywood blockbusters have done better in China than at home, with the latest example being action-adventure flick “Rampage,” which runs on the star power of Dwayne Johnson.“Rampage” debuted on Friday in both markets, earning nearly 350 million yuan ($55.7 million) in China in its first weekend.
Li Ruogu, the former head of one of China’s main lenders for projects related to the “Belt and Road” initiative has issued a rare warning about the dangers of investing in many countries involved in the program. Most of these countries are not credit worthy and may not be able to returns the loans he said.
Asian rivals India and China have started a new romance on the silver screen. After the run-away success of the sports biopic “Dangal,” last year, Chinese audiences and film distributors have embraced Bollywood’s two-hour, song-and-dance filled offerings with a renewed relish.
India has sought China’s assistance to speed up the Bangalore-Chennai railway corridor to 150 km per hour, besides redeveloping the Agra and Jhansi railway stations, a senior Indian official said on Sunday. The proposal was made at the Strategic Economic Dialogue (SED) held in Beijing between the two countries.
China Communication Construction Company (CCCC) will invest US$ 800 million on an underground road network to the Colombo Port City, a $1.4 billion project built on reclaimed land. The plan, for which an agreement has already been signed, is expected to reduce traffic congestion.
The US 1.4 billion State of the Art Colombo Port City (CPC), built by the China Harbor Construction Company (CHCC) in association with the Singapore-based designers Surbana Jurong group and the business advisory group Atkins Acuity, is expected to be South Asia’s commercial and entertainment hub within the next five years.
Chinese President Xi Jinping on Tuesday unveiled a broad set of measures to open up the country’s economy, including lower import tariffs on cars and relaxed restrictions on foreign ownership in the automotive sector. The President’s highly anticipated speech at the Asia Forum in Boao was widely seen as an attempt to calm trade tensions with the U.S.
Nehru was clear that China was not an ordinary power. In 1950, he had stated in the Indian parliament: “Can anyone deny China at the present moment the right of a Great Power from the point of view of strength and power?…she is a Great Power, regardless of whether you like or dislike it.”
While India grapples with the challenge of a rising China, both militarily and economically, it is also in danger of losing its allies if its foreign policy is not based on mutual respect.
Bhutan may be a tiny Himalayan nation but it holds a strategic card. It does not want to be squeezed in India-China rivalry. The last thing they want to see is Chinese and Indian armies squaring up to each other once again near their border.
By the end of 2017, Chinese companies had completed more than US$15 billion worth of infrastructure projects in Sri Lanka in the field of transportation, water supply, electricity, ports and other fields, and had made great contributions to the economic and social development of the island nation, says the Chinese Ambassador, Cheng Xueyuan