Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
As the world's second largest economy invests billions in continent-spanning infrastructure projects, it's building a stronger diplomatic voice to match its ever-expanding presence on the global stage.
Across the developing world, Beijing has been engaging in mediation diplomacy — a style of conflict resolution where it's the sole or principal moderator — to protect its assets and gain recognition as a respectable superpower.
Africa, where Chinese President Xi Jinping will be touring in the coming days, has long been a training ground for Chinese peace efforts. In 2007, Beijing appointed its first-ever special representative to genocide-hit Darfur to help achieve a political settlement. And in 2015, Chinese officials brought together South Sudan’s warring parties for negotiations. Just this week, the communist state offered to mediate in a border dispute between Eritrea and Djibouti, the latter of which is home to China's first overseas military base.
"Being seen as a mediator in regional disputes can only help burnish China’s image," said researchers at the China Africa Research Initiative, a program at Johns Hopkins University. And in Africa, where Xi's administration has established greater military links, it's essential for Beijing to protect the stability of countries where China has economic interests, they added.
In fact, many speculate that it was China's concerns over its investments in Zimbabwe that resulted in the coup that ousted former leader Robert Mugabe in November of last year — a charge that Xi's administration has denied.
According to Xi's vision of a "community of common destiny," a phrase he repeatedly uses in speeches, "China’s growth and prosperity becomes a part of the experience of all these other countries," the researchers said, adding that such a line of thinking "can also be interpreted as a type of foreign policy or growing political influence."
It's a new development in China's traditional diplomatic protocol. Since 1954, the Asian giant has said it practices mutual non-aggression and non-interference in the internal affairs of others. But the nation's political ambitions have swelled considerably under Xi's reign, and that's led to a change of approach. With Chinese commercial and economic ventures now spanning the globe under the Belt and Road Initiative, Xi's government is intensifying efforts to secure Chinese workers and interests abroad.
In 2017, Beijing hosted a meeting with the foreign ministers of Afghanistan and Pakistan to end terrorism-related hostilities between the two as Xi sought to incorporate Kabul into his $57 billion economic corridor with Islamabad. Last year also saw Xi raise the possibility of three-way talks with Israel and Palestine. He's also proposed a peace plan for ethnic cleansing in Myanmar, which is home to a special economic zone being built by a China-led consortium.
But China's attempts at brokering peace may be fundamentally limited. Its primary goal is a stable atmosphere for its global investment, so it is likely unwilling to enforce outcomes or apply pressure, strategists said.
“China will actively explore a way of resolving hotspot issues with Chinese characteristics and play a bigger and more constructive role in upholding world stability, " Foreign Minister Wang Yi said at last October's 19th Party Congress.
A willingness to provide solutions with "Chinese characteristics" is significant, Angela Stanzel, senior policy fellow at the European Council on Foreign Relations' Asia division, wrote in a brief last week: "The implication behind this offer is that China is better placed to resolve regional and global problems than other countries, particularly the U.S."
The Asian heavyweight may be seeking to demonstrate that, unlike Western countries, it doesn't differentiate between democracies and dictators, Stanzel suggested.