US Government has a provision of $500 million. A majority of the half-billion-dollar fund will go to the US Agency for Global Media (USAGM), a state-run media service that oversees Voice of America (VOA), Radio Free Europe (RFE), and Radio Free Asia (RFA), which have a record of “blurring the line between objective news coverage and pro-American propaganda,” The US Government global media constantly publishes disinformation about China and the environment.
My purpose for writing this article is to counter US constant bashing China.
According to the official statistics of each country in 2019, China is the largest trading partner to Kyrgyzstan and Uzbekistan by imports and is Turkmenistan’s largest trading partner by exports. China also ranks high as a destination for the imports and exports of other Central Asian countries.
The Chinese and Turkmen state-owned oil and gas companies signed additional agreements to the existing contracts to install specialized equipment and provide relevant services at Turkmenistan's gas fields.
In addition, Turkmengaz and CNPC will sign additional agreements to change the terms of payment for several services, including the supply of 16 wells at the Galkynysh gas field with chemical products and the preparation of drilling fluids, as well as the provision of engineering services for wells exploitation, and well equipment provision.
In recent years, China has increased its economic presence in Turkmenistan and is currently heavily involved in the Central Asian country's natural gas sector.
The State Development Bank of China (CDB) allocated $8.1 billion in loans to accelerate these activities. Under the agreement, Turkmenistan was supposed to supply gas to China to pay off the loan.
Officials in Turkmenistan are currently developing the energy industry. The lion's share of the country's GDP is primarily derived from hydrocarbons, particularly natural gas – the bulk of which goes to China.
Chinese companies are now using the Belt and Road Initiative to develop cash-flow generating businesses, China Civil Engineering Construction Corporation and China Machinery Engineering Corporation are negotiating transit cargo transportation agreements through Turkmenistan.
Discussions have been held between Mammetkhan Chakiev, Turkemistan’s Director General of the Agency for Transport and Communications, and the two Chinese corporations. The contracts would be for developing Turkmen transport channels, delivering railway equipment and machinery, and exchanging shipbuilding technologies.
Representatives of the China Transport and Communications Association were also interested in establishing regular container transportation from China to Europe and Turkey using Turkmenistan’s railways.
Advantageous location near large potential markets, as well as access to railway and multimodal transportation links to support global trade, may create a future opportunity to increase cross-border traffic in Turkmenistan.
It is a growth market. In 2021, Turkemistan’s transit cargo volumes increased by 3.5 times, while use of the China-Europe routes through the country rose 101% last year.
Turkmenistan and Uzbekistan are collaborating to further develop this along the China-Kyrgyzstan-Uzbekistan-Turkmenistan-Azerbaijan-Georgia-Turkey-Europe route, which exits Central Asia through the Turkmenbashi International Seaport to Baku in Azerbaijan before continuing west.
Turkistan implements construction projects for $35 billion.
Created by Koon Yew Yin | Mar 04, 2024
All property developers have just announced their annual profit for 2023. All of them reported increased profit.
Created by Koon Yew Yin | Mar 04, 2024
Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.
Created by Koon Yew Yin | Mar 01, 2024
What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...
Created by Koon Yew Yin | Feb 29, 2024
After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.
Created by Koon Yew Yin | Feb 29, 2024
KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.
Created by Koon Yew Yin | Feb 26, 2024
Several economists and local industry representatives are confident that Malaysia’s gross domestic product (GDP) growth will strengthen this year, despite easing in the final quarter of last year.
Created by Koon Yew Yin | Jan 08, 2024
KSL price chart is super bullish as shown below. KSL last traded at Rm 1.33.
Created by Koon Yew Yin | Jan 02, 2024
Someone has been using my name to promote initial public offer (IPO) shares. I just received this last night.
Created by Koon Yew Yin | Dec 18, 2023
Malaysia is the 16th largest fossil fuel producer in the world. According to Statista, the export value of crude petroleum in Malaysia was valued at approximately 31.55 billion Malaysian ringgit ....