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Paris Club to give Sri Lanka financing assurances amid IMF debt talks - newsfirst.lk - China - city Beijing - India - Sri Lanka
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Paris Club to give Sri Lanka financing assurances amid IMF debt talks
(Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.The informal group of bilateral lenders is set to "soon" announce its support to the crisis-hit nation on a debt overhaul, said one of the people, who asked not to be named because talks are private.The Asian island nation, which is grappling with soaring inflation, a recession and currency depreciation, entered into a staff level agreement with the IMF last September.But it needs financing assurances from key bilateral lenders before the fund's executive board approves the programme.Sri Lanka's public debt stood at 122% of GDP, of which 70% is denominated in foreign currency, according to data in a country presentation to investors in November.China and India, both non-Paris Club members, are the top bilateral lenders. "Paris Club assurance is not reliant on China," said the source.Another source said the informal group is currently reaching out to other non-Paris Club besides China on financing assurances, but did not provide any further details.India previously committed to help ease the debt burden of neighbour Sri Lanka as part of the IMF programme, and China's Eximbank offered a two-year moratorium in a letter sent to the island nation in January.While the IMF has not yet provided any guidance on where the lender stands regarding China's assurances to Sri Lanka, a U.S.
China sentences US citizen, 78, to life in prison on spying charges - fox29.com - China - city Beijing - Taiwan - Usa - Hong Kong - Washington - city Washington
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China sentences US citizen, 78, to life in prison on spying charges
FILE - A Chinese woman adjusts a Chinese flag near US flags before the start of a Strategic Dialogue expanded meeting between China and the US during the US-China Strategic and Economic Dialogue held at the Diaoyutai State Guesthouse in Beijing on Ju BEIJING - China sentenced a 78-year-old United States citizen to life in prison Monday on spying charges, in a case that could exacerbate the deterioration in ties between Beijing and Washington over recent years.Details of the charges against John Shing-Wan Leung, who also holds permanent residency in Hong Kong, have not been publicly released.Leung was detained April 15, 2021, by the local bureau of China's counterintelligence agency in the southeastern city of Suzhou, according to a statement posted by the city’s intermediate court on its social media site. His detention came after China had closed its borders and imposed tight domestic travel restrictions and social controls to fight the spread of COVID-19.Such investigations and trials are held behind closed doors and little information is generally released other than vague accusations of infiltration, gathering secrets and threatening state security.Relations between Washington and Beijing are at their lowest in decades amid disputes over trade, technology, human rights and China’s increasingly aggressive approach toward its territorial claims involving self-governing Taiwan and the South China Sea.
Justin Trudeau - Michael Kovrig - Michael Spavor - Han Dong to sit as Independent MP following ‘serious’ allegations in new report - globalnews.ca - China - city Beijing
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Han Dong to sit as Independent MP following ‘serious’ allegations in new report
Han Dong announced Wednesday night he is leaving the Liberal caucus and will sit as an Independent member of Parliament.His remarks in the House of Commons came hours after Global News reported that Dong privately advised a senior Chinese diplomat in February 2021 that Beijing should hold off freeing Michael Kovrig and Michael Spavor, according to two separate national security sources.“I have informed the prime minister and the leadership of the Liberal Party caucus that I will be sitting as an Independent at the conclusion of these remarks,” he said.“Mr. Speaker, I am in your hands as to what happens next.” Read more: Liberal MP Han Dong secretly advised Chinese diplomat in 2021 to delay freeing Two Michaels: sources Dong emphatically denied the allegations against him in remarks directed both to the House and the families of Kovrig and Spavor, who were detained in China for over three years on allegations of espionage.“The allegations made against me are as false as the ones made against you,” he said, referring to Kovrig and Spavor.“Let me assure you, as a parliamentarian and as a person, I have never and would never advocate or support the violation of the basic human rights of any Canadian — of anyone, anywhere, period.”He broke down in tears as he concluded his remarks by thanking his family.
Xi Jinping - Kim Jong Un - Iran, Saudi Arabia to resume diplomatic relations with China's help - fox29.com - China - Iran - city Beijing - Usa - Saudi Arabia - North Korea - Yemen - county Gulf
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Iran, Saudi Arabia to resume diplomatic relations with China's help
China lowers the chance of armed conflict between the Mideast rivals — both directly and in proxy conflicts around the region.The deal, struck in Beijing this week amid its ceremonial National People’s Congress, represents a major diplomatic victory for the Chinese as Gulf Arab states perceive the United States slowly withdrawing from the wider Middle East. It also comes as diplomats have been trying to end a long war in Yemen, a conflict in which both Iran and Saudi Arabia are deeply entrenched.The two countries released a joint communique on the deal with China, which brokered the agreement as President Xi Jinping was awarded a third five-year term as leader earlier Friday.Xi, whose administration in recent days has relaunched a campaign to challenge the U.S.-led Western liberal order with warnings of "conflict and confrontation," was credited in a trilateral statement with facilitating the talks through a "noble initiative" and having personally agreed to sponsor the negotiations that lasted from Monday through Friday.READ MORE: Sister of Kim Jong Un warns North Korea ready to act against US, SouthVideos showed Ali Shamkhani, the secretary of Iran’s Supreme National Security Council, meeting with Saudi national security adviser Musaad bin Mohammed al-Aiban and Wang Yi, China's most senior diplomat.The statement calls for reestablishing ties and reopening embassies to happen "within a maximum period of two months." A meeting by their foreign ministers is also planned.In the video, Wang could be heard offering "wholehearted congratulations" on the two countries' "wisdom.""Both sides have displayed sincerity," he said.
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