Ecuador’s exporters caught between US and China after debt deal
The agreement, signed by the US International Development Finance Corporation (DFC) and the Ecuadorean government just days before Donald Trump left office in January, envisages the US buying oil and infrastructure assets in Ecuador on the understanding Quito uses the proceeds to pay off its debt to China.
Adam Boehler, the recently departed chief executive of DFC, has described the deal as a “novel model” to eject China from the Latin American nation.
In Search of Tomorrow
US development bank strikes deal to help Ecuador pay China loans
IMF agrees to lend Ecuador $6.5bn
U.S. Geopolitics: Afghanistan and the Containment of China
China’s fear is replicating the fall of the Soviet Union. When its borderlands, Central Asia and Transcaucasus, were lost, the Russian core shattered into three states: Byelorussia, Ukraine, and Russia. Should China loses its borderlands, Tibet and Xinjiang, the Chinese core may similarly shatter.
Trump administration helped GOP donors get Syria oil deal
“By continuing to maintain control of the oil fields in Syria, we will deny [Syrian ruler Bashar al-Assad] and Iran a monetary windfall,” Graham said in an October 2019 statement. “We can also use some of the revenues from future oil sales to pay for our military commitment in Syria.”
Nothing Delivered: Trump’s ‘Antiwar’ Deception
With Trump, the people thought they voted for something different, but what they received was more of the same. Like Obama and Bush II, Trump was lying to his base, despicably pretending to be opposed to unnecessary wars in faraway lands. Trump made snide comments about the military industrial complex, etc. while looting the American people to pay for it all. He carried on with his “antiwar” façade while bombing to smithereens the same far flung countries that Bush and Obama nearly destroyed. At the same time, he was starving some of the poorest people in the world, from Venezuela to North Korea, with “maximum pressure” sanctions. He prioritized satiating the Israel first crowd first, and set the stage for brinksmanship with Beijing, as well as Moscow, while ensuring ever higher military budgets.
500 million tons of oil, natural gas found in NW China’s Junggar Basin
The Junggar Basin has great potential for oil and gas resource exploration, and is an important alternative area for the development of crude oil production and China’s petroleum reserves. Oil and gas exploration in the Junggar Basin has been accelerating in recent years. Over 1 billion tons of reserves have been discovered in the Mahu area, with a daily production level of 5,942 tons of crude oil, the Xinhua News Agency reported.
The Chinese Uyghur Dark Legend and Washington’s Campaign to Counter Chinese Economic Rivalry
Dig below the surface of the allegations that Beijing is abusing its Muslim population, and you won’t find concentration camps and genocide, but a US-led effort to create a Chinese dark legend. The roots of the demonization campaign are to be found in Washington’s desire to counter China’s challenge to US economic supremacy.