By Peter S. Goodman The New York Times Jane Perlez Mon., Nov. 26, 2018 Under a merciless sun, a dozen Chinese construction workers survey an empty expanse of desert, preparing to transform it into the heart of a new Egyptian capital. The workers are employed by China’s largest construction conglomerate through a $3 billion (U.S.) contract from an Egyptian company, with financing from Chinese banks. They are erecting a thicket of 21 skyscrapers, one as tall as the Empire State Building. The presence of Chinese labour and largesse on the sands of Egypt is a testament to China’s global aspirations. After centuries of weakness and isolation, China is reclaiming what its leaders regard as its natural destiny — supremacy in Asia, and respect around the planet. Through the ventures in Egypt and elsewhere, China is exploiting its formidable economic clout to expand its geopolitical influence, directing investment to woo governments that control vital assets. A traditional ally of the United States, Egypt controls the Suez Canal, a vital shipping passage where a threat to access could impede China’s movement around the globe. In constructing a central piece of the futuristic capital, China is ingratiating itself with the canal’s ultimate gatekeeper,… Read full this story
- India Now on Equal Footing with All Major Global Powers - Foreign Minister Jaishankar
- China Expands Quarantine Powers, Mayor Says ‘Stay Away’ as Wuhan Virus Toll Nears 500
- Emerging and developed countries divided on China's global rise: Report
- Vietnam placed 31st in global power ranking
- China's solar power development gains momentum
- Britain, France and Germany trigger Iran nuclear deal 'dispute mechanism' paving the way for fresh sanctions as Boris Johnson calls for a new 'Trump deal'
- Is it a bird? Is it a plane? No, it's a PigeonBot! Unusual bird-like robot built by scientists has 40 feathers and 'paves the way for nimble flying machines of the future'
- Airbus has planes that can take off on their own paving the way for a future without pilots
- This Power Strip Tower has 12 ways to power up at 20% off via Amazon
- A new type of DRAM might pave the way to instant-on PCs
Money and muscle pave China’s way to global power have 357 words, post on www.thestar.com at November 26, 2018. This is cached page on Business Breaking News. If you want remove this page, please contact us.