Chinese President Xi Jinping said Sunday that BRICS members should enhance their coordination to allow emerging-market economies and developing countries to play a bigger role in international affairs in the G20 summit.Analysts think it is quite urgent for BRICS countries to gain a bigger voice in a bid to create a fairer and more reasonable international financial system and governance structure.While attending a BRICS leaders’ meeting on the sidelines of the G20 summit in Hangzhou Sunday, Xi said BRICS members should enhance their coordination to allow emerging-market economies and developin...
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HANGZHOU, CHINA — British Prime Minister Theresa May said Sunday that she intends to seize new trading opportunities for a Britain that has voted to leave the European Union, reiterating that “Brexit does indeed mean Brexit” and there will be “no attempt to get out of this.”After May’s first meeting with U.S. President Barack Obama since she took office in July, the two leaders sought to downplay the impact of the British exit on the much touted “special relationship” between the U.S. and U.K.But Obama did not back away from his assertion, first made as he campaigned against the exit, that Bri...
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2016
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Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa’s finance department said on Wednesday, August 31 in a coup for Beijing after Washington had tried to dissuade U.S. allies from signing up, AFP reports."Canada is always looking for ways to create hope and opportunity for our middle class as well as for people around the world," Finance Minister Bill Morneau said in a statement issued in Beijing."Membership in the AIIB is an opportunity to do just that."The Beijing-based lender has been viewed by some as a rival to the World Bank ...
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2016
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China has launched its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers.The state-owned Aero-Engine Group of China was created by combining a group of existing aircraft-engine companies, according to local media reports.It has about 50bn yuan ($7.5bn) in registered capital and will develop both military and commercial engines.China already makes its own planes, but has struggled for decades to develop engines that meet global requirements.’Strategic move’China currently buys its commercial aircraft engines from General Electric and United Technologies’ Prat...
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2016
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Since it was founded in 1958, the National Aeronautics and Space Administration’s goals have been civilian.The agency’s main objective, to explore outside our orbit, was part of a larger mission to provide "the most effective utilization of the scientific and engineering resources of the United States."Consider that a success: Each year, thousands of consumer products benefit from “spin-offs,” integration of technologies and processes originally developed for and by NASA.That makes the agency’s existence a boon for the economy, pushing forward robotics and agriculture, medicine and c...
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