Monday, February 05, 2024

Strengthening China’s “long-standing friendly relationships” with Middle Eastern nations at this point

China should nurture its friendly ties with countries in the Middle East as tensions spike around them, a former Chinese envoy to the region has said, while asserting the need to “advance the peace process”.

Wu Sike, Beijing’s special envoy for Middle East affairs from 2009 to 2014, said spillovers of the armed conflict between Israel and Hamas were posing a serious threat to regional security.

Strengthening China’s “long-standing friendly relationships” with Middle Eastern nations at this point in time would also help it to tackle the “great power” rivalries over the resource-rich region, Wu told a forum in Beijing on Monday.
The Middle East had always been a hotly contested spot for big power influence due to its “unique strategic location and resource endowment”, Wu said in a virtual address to the event organised by the Chongyang Insititute for Financial Studies think tank at Renmin University.
  • “The Middle East can be a strategic support for China to cope with the game of great powers and [that] is where we have strategic partners for our national rejuvenation,” he said, referring to a catchphrase frequently used by Beijing.
  • “We need to elaborately strategize [in the region] and actively participate in advancing the peace process in the Middle East.”

Published: 11:00pm, 5 Feb, 2024

Israel-Gaza war: China should boost Middle East ties to push peace process, tackle ‘great power’ rivalry, ex-envoy says 

  • Wu Sike, special envoy for the Middle East from 2009 to 2014, says China can bank on ‘long-standing’ friendly ties as strategic support in the region
  • China must ‘elaborately strategise’ in advancing peace process as Israel-Hamas conflict poses threat to regional security, Wu tells forum in Beijing

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Irrational Expectations: Long-Term Challenges of Diversification Away from  China | Rhodium Group
Tapped Out | Rhodium Group
Tapped Out | Rhodium Group

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Supporters of Chinese-Israeli hostage Noa Argamani, who was seized by Hamas in its October 7 attack on Israel, outside Tel Aviv’s Museum of Art. Photo: Natalie Shimshi Jing

Liora Argamani is battling terminal illness as she pleads with international leaders and China’s online community for support.

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Chinese Foreign Minister Wang Yi speaks during a press conference following a UN Security Council meeting on the situation in the Middle East at the United Nations headquarters in New York on November 29. Photo: AFP

Readers discuss the Chinese approach to peacemaking, what a South China Sea paradigm shift could look like, and petty nuisances in Hong Kong housing estates.

A cargo ship is escorted by Houthi boats following its capture  in the Red Sea  last month. Photo: Reuters

China may not take part in US-led multinational patrol unless its own ships are threatened, as it would not like to send mixed signals on the Gaza war, observers say.

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Israeli Prime Minister Benjamin Netanyahu says he has asked Chinese President Xi Jinping to intervene to help free a hostage whose mother was born in China. Photo: Xinhua

Benjamin Netanyahu asks Xi Jinping to intervene personally to secure the release of woman captured during Hamas’ October 7 attack.

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Illustration: Lau Ka-kuen

China’s diplomatic efforts to stop the war appear to largely revolve around influencing Middle Eastern nations other than Israel.

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China’s permanent representative to the UN Zhang Jun (centre left) and the Palestinian ambassador to the United Nations Riyad Mansour (centre right)) during a break in the Security Council meeting on Tuesday. Photo: AFP

Voting on the Beijing-backed resolution calling for a ceasefire in the Israel-Gaza war was postponed until Wednesday.

About 4,000 Chinese companies already operate in the United Arab Emirates, targeting the 100 million-population in the Gulf region, according to Hong Kong-based consul general Shaikh Saoud Ali al-Mualla. Photo: Shutterstock

China and the UAE want to expand cooperation through investments in the Pacific islands and Africa, said Hong Kong-based consul general Shaikh Saoud Ali al-Mualla, while also increasing use of the yuan.

During talks with Saudi deputy foreign minister Waleed Elkhereiji (left) and his Iranian counterpart Ali Bagheri Kani (right) in Beijing on Friday, Foreign Minister Wang Yi (centre) renewed China’s call for “an immediate ceasefire” in the Israel-Gaza war. Photo: Xinhua

Foreign Minister Wang Yi speaks with senior Saudi and Iranian officials in first meeting of committee to support normalisation of relations between Riyadh and Tehran under Beijing-brokered deal.

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Illustration: Henry Wong

Beijing has long advocated position that independent Palestine should coexist with Israel – an idea that has seen renewed enthusiasm in the West. But observers are divided on whether China has the leverage to play a central role in the peace process.

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Saudi Arabia’s Minister of Investment Khalid al-Falih at the China-Saudi Investment Conference in Beijing on Tuesday.

Saudi Arabia’s Minister of Investment Khalid al-Falih spoke at the China-Saudi Investment Conference in Beijing on Tuesday, along with China’s commerce vice-minister Li Fei.

Chinese Foreign Minister Wang Yi (seen left, in November 2023) spoke with Iranian Foreign Minister Hossein Amir Abdollahian (right, October 2023) in a phone call on Monday December 11, 2023, amid fears that the Israel-Gaza war could spill out into a second front on the Lebanon border. Photos: AFP/EPA-EFE, SCMP composite

Chinese foreign minister reiterates hopes for ceasefire and two-state solution in second call with Iranian counterpart since conflict began as skirmishes between Israeli forces and Tehran-backed Hezbollah continue along Lebanon border.

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In this issue of the Global Impact newsletter, we look back at the Future Investment Initiative (FII) Institute’s first Asia conference that took place in Hong Kong. Photo: Jonathan Wong

In this issue of the Global Impact newsletter, we look back at the Future Investment Initiative (FII) Institute’s first Asia conference that took place in Hong Kong.

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The OpenAI logo is seen on a mobile phone in front of a computer screen which displays output from ChatGPT. Hong Kong needs a comprehensive and ethical framework for the implementation of generative AI in primary and secondary education. Photo: AP

Readers discuss updating Hong Kong’s currently outmoded guidelines on AI use, lack of awareness of Hong Kong in the Middle East, and housing affordability.

Pension funds are growing rapidly in developing countries, and Chinese bonds have been more stable than US treasuries. Photo: Reuters

Louis-Vincent Gave, founding partner and CEO at research firm Gavekal, says China is deemed uninvestible for some Western investors despite Beijing’s efforts to attract increased overseas capital.

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Attendees converse at FII Priority at Hong Kong Exchanges and Clearing in Central on December 7, 2023. Photo: Jonathan Wong

A unit of Saudi Arabia’s sovereign wealth fund has injected fresh capital into eWTP Arabia Capital, a Riyadh-based venture firm focused on easing Chinese business expansion into the Middle East.

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Senior Chinese diplomat Liu Jianchao (left) shakes hands with Mohammad Bagher Zolghadr, the secretary of the Expediency Discernment Council of Iran, in Tehran on Tuesday. Weibo / @深柳斋

Beijing says it supports Tehran in its efforts to maintain regional stability, while Iran pledges to strengthen cooperation to address Israeli-Palestinian crisis as senior Chinese diplomat Liu Jianchao visits Iranian politicians.

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Published: 11:00pm, 5 Feb, 2024

‘All is not well’ in China’s economy, Rhodium Group report warns, slamming Beijing’s lack of structural reform

  • After GDP growth surpassed expectations in 2023, US-based research firm says slower annual growth in range of 3-4 per cent ‘is here to stay’ for China
  • Report says China made ‘meaningful’ progress in attracting foreign investment but failed to address structural problems that brought about mounting local-government debt
All is not well' in China's economy, Rhodium Group report warns, slamming  Beijing's lack of structural reform | South China Morning Post

‘All is not well’: China’s economic outlook slammed in Rhodium Group report

After China’s GDP growth surpassed expectations in 2023, the US-based research firm says Beijing needs to acknowledge that slower annual growth in the range of 3-4 per cent ‘is here to stay’.

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