China seeks influence in European business deals

PRAGUE — When Xi Jinping became the first top Chinese leader to visit the Czech Republic, he was accompanied by a mysterious Chinese tycoon with big political ambitions, money to burn and strong ties to the Czech president. Ye Jianming was the sole businessman among the group of Chinese and Czech government officials who gathered two years ago outside the presidential summer residence where Mr. Xi and Milos Zeman, his Czech counterpart, planted ginkgo trees. For Mr. Ye, it was recognition of his role as a major power broker in…

Read More

Chinese investments in Bangladesh may defect Iran

The Chinese government has invested more than £2.3 million ($3 billion) into building the Padma – known as the Ganges in Bangladesh – as part of its wide plan to spend £23.1 billion ($30billion) in Bangladesh infrastructure, causing controversy over China’s investments with Iran. The 6km bridge over the Padma river will link the north and south of Bangladesh by road and rail, marking one of Bangladesh’s most challenging infrastructural projects to date. China’s investment comes after the World Bank pulled out £935.4 million ($1.2 billion) from the Padma bridge…

Read More