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But then there's the mantra PRISM has been essential to foil major terrorist plots; that has been thoroughly debunked. [4] What is never acknowledged is that PRISM is TIA in action. Anyone - with the right clearance - may use TIA to amass serious inside financial information and make staggering profits. So yes, follow the money.

Snowden is surfing the PR tsunami as a master - and controlling it all the way. Yes, you do learn a thing or two at the CIA. The timing of the disclosure was a beauty; it handed Beijing the ultimate gift just as President Obama was corralling President Xi Jinping in the California summit about cyber war. As David Lindorff nailed it, [5] now Beijing simply cannot let Snowden hang dry. It's culture; it's a matter of not losing face. And then Snowden even doubled down - revealing the obvious; as much as Beijing, if not more, Washington hacks as hell. [6] Following the money, the security privatization racket and Snowden's moves - all at the same time - allows for a wealth of savory scenarios ... starting with selected players embedded in the NSA-centric Matrix node making a financial killing with inside information. Snowden did not expose anything that was not already known - or at least suspected - since 2002. So it's business as usual for those running the game. The only difference is the (Digital Blackwater) Big Brother is Watching You ethos is now in the open. TIA, a bunch of wealthy investors and a sound business plan - privatized Full Spectrum Dominance - all remain in play. From now on, it's just a matter of carefully, gradually guiding US public opinion to fully "normalize" TIA. After all, we're making all these sacrifices to protect you.

Here’s a recap of Snowden’s leaked documents published so far, in my own highly subjective order of importance.

A leaked executive order from President Obama shows the administration asked intelligence agencies to draw up a list of potential offensive cyberattack targets around the world. The order, which suggests targeting “systems, processes and infrastructure” states that such offensive hacking operations “can offer unique and unconventional capabilities to advance U.S. national objectives around the world with little or no warning to the adversary or target and with potential effects ranging from subtle to severely damaging.” The order followed repeated accusations by the U.S. government that China has engaged in state-sponsored hacking operations, and was timed just a day before President Obama’s summit with Chinese President Xi Jinping.

China Central Television (CCTV), Beijing's largest and most important TV network, said it will launch a new global media platform at the stroke of New Year's Day to help re-brand China overseas.The new multilingual media cluster will have six TV channels, a video newsletter agency and a new media agency and will see the original CCTV News channel renamed as China Global Television Network, the network said on its website on Friday night.China has been extending its global influence with "soft power" tactics such as launching new English language media and auditioning international public relations firms to tailor its branding strategy.President Xi Jinping said in February state media must tell China's story to the world better and become internationally influential, adding that onshore portals must follow the party line and promote "positive propaganda as the main theme".

President Trump’s desire to fight Daesh and to put an end to international terrorism is going to be extremely difficult to implement. Indeed, it will cause damage to the states who organised it, and implies a reorientation of international politics. The new President of the United States does not seem ready to give his troops the order to attack until he has found and sealed new alliances.

he opposition against President Donald Trump is so strong that the plan to fight Daesh, which is scheduled to be presented on 22 March during a Coalition summit in Washington, is still not ready. Its political direction is still vague. Only the objective of eradicating jihadism has been agreed upon, but none of the implications of the plan have been resolved. General Joseph Votel, the head of CentCom, still has not presented the options on the ground. He should do so only at the beginning of April. On the ground, the plan is restricted to the exchange of information from the United States on one hand, and Russia and Iran on the other. In order to maintain the status quo, the three powers have agreed to prevent any confrontation between the Turks and the Kurds. And intensive bombing campaigns are being carried out against al-Qaïda in Yemen and against Daesh in Iraq. But nothing decisive. Orders are to hold. The weapon of international terrorism has been managed on behalf of London and Washington by the Muslim World League since 1962. It includes both the Muslim Brotherhood (composed of Arabs) and the Order of the Naqshbandis (mostly composed of Turko-Mongols and Caucasians).

Until the war in Yemen, the military budget of the League was greater than that of the Saudi army, which meant that the League was the biggest private army in the world, a long way ahead of Academi/Blackwater. Even if it was only a land army, it was all the more efficient in that its logistics came directly from the Pentagon, and because it also had many suicide combatants. It was the League – that is to say the Sauds – who furnished London and Washington with the personnel to organise the second «Great Arab Revolt», in 2011, on the model of the Revolt of 1916, but called this time the «Arab Spring». In both cases, the aim was to apply pressure on the Wahhabis in order to redefine the regional frontiers to the benefit of the Anglo-Saxons. The point is not simply to abandon the weapon of terrorism, but also: to shatter the alliance between London and Washington for the control of the Greater Middle East; to deprive Saudi Arabia and Turkey of the weapon they have been developing on behalf of London and Washington for half a century; to determine the future of Sudan, Tunisia and Libya.

While Europe is furiously scrambling to find alternative sources of energy should Gazprom pull the plug on natgas exports to Germany and Europe (the imminent surge in Ukraine gas prices by 40% is probably the best indication of what the outcome would be), Russia is preparing the announcement of the "Holy Grail" energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis. One which, as some especially on these pages, have suggested would lay the groundwork for a new joint, commodity-backed reserve currency that bypasses the dollar, something which Russia implied moments ago when its finance minister Siluanov said that Russia may refrain from foreign borrowing this year. Translated: bypass western purchases of Russian debt, funded by Chinese purchases of US Treasurys, and go straight to the source. Here is what will likely happen next, as explained by Reuters:

Igor Sechin gathered media in Tokyo the next day to warn Western governments that more sanctions over Moscow's seizure of the Black Sea peninsula from Ukraine would be counter-productive.   The underlying message from the head of Russia's biggest oil company, Rosneft, was clear: If Europe and the United States isolate Russia, Moscow will look East for new business, energy deals, military contracts and political alliances.    The Holy Grail for Moscow is a natural gas supply deal with China that is apparently now close after years of negotiations. If it can be signed when Putin visits China in May, he will be able to hold it up to show that global power has shifted eastwards and he does not need the West. More details on the revelation of said "Holy Grail": State-owned Russian gas firm Gazprom hopes to pump 38 billion cubic meters (bcm) of natural gas per year to China from 2018 via the first pipeline between the world's largest producer of conventional gas to the largest consumer.   "May is in our plans," a Gazprom spokesman said, when asked about the timing of an agreement. A company source said: "It would be logical to expect the deal during Putin's visit to China."

Summarizing what should be and is painfully obvious to all, but apparently to the White House, which keeps prodding at Russia, is the following: "The worse Russia's relations are with the West, the closer Russia will want to be to China. If China supports you, no one can say you're isolated," said Vasily Kashin, a China expert at the Analysis of Strategies and Technologies (CAST) think thank. Bingo. And now add bilateral trade denominated in either Rubles or Renminbi (or gold), add Iran, Iraq, India, and soon the Saudis (China's largest foreign source of crude, whose crown prince also happened to meet president Xi Jinping last week to expand trade further) and wave goodbye to the petrodollar.

It was 12 years ago today. Historians will register that, according to the official narrative, 19 Arabs armed with box cutters and minimal flying skills pledged to a transnational Terror Inc turned jets into missiles to attack the US homeland, fooling the most elaborate defense system on Earth.  Fast forward to 2013. Here's a 15-second version of the President of the United States (POTUS) address on Syria, one day before the 12th anniversary of 9/11: "Our ideals and principles, as well as our national security, are at stake. The United States is 'the anchor of global security.' Although the United States military 'doesn't do pin pricks,' we still carry the burden to punish regimes that would flout long-held conventions banning the use of biological, chemical and nuclear weapons.  "That's why I have decided to pursue an unlimited, targeted military strike against Washington DC." For countless global citizens, this alternative version predictably sounds as far-fetched as the official version of what happened 12 years ago. The fog of war obscures in mysterious ways. But the fact remains that the current, "reluctant" (farcical) Emperor continues to stake his -- and his nation's -- "credibility" on a "limited," "kinetic" operation to reinforce his self-defined red line against chemical weapons. 

In theory, the Russian plan of having Damascus surrender its chemical weapons arsenal works because of its inbuilt Chinese wisdom; nobody loses face -- from Obama and the US Congress to the European Union, the UN and the even more farcical "Arab" League, which is essentially a Saudi Arabian colony.  Although Obama is on a media blitzkrieg stealing the credit for it, Asia Times Online has confirmed that the plan was elaborated by Damascus, Tehran and Moscow last week -- after a visit to Damascus by the head of the national security committee of the Iranian Majlis (parliament), Alaeddin Boroujerdi. US Secretary of State John Kerry's now famous "slip" provided the opening.  So, essentially, it's this "axis" -- Damascus, Tehran and Moscow -- that is helping Obama to crawl out of his self-inflicted abyss. Needless to say, that is absolutely unbearable for the plutocrats in charge of unleashing the new Syria (lethal) production. A brand new propaganda/manufactured hysteria campaign must be unfurled to justify war. And that's exactly what the Anglo-French-American axis is working on.  No wonder the French proposal for a new UN Security Council resolution falls under the UN's Chapter 7 -- which would explicitly allow the use of force against Damascus in case of non-compliance. As it is, this resolution will inevitably be vetoed by Russia and China. And that will be the new pretext for war. The (farcical) emperor may easily invoke plausible deniability, stress he made "every effort" to avoid a military conflict, and then convince skeptics in the US Congress this is the only way to go. 

At least there is a counter-power. Asia Times Online has confirmed that an outstanding meeting will take place later this week in Kyrgyzstan, during the annual summit of the Shanghai Cooperation Organization (SCO). Picture Chinese President Xi Jinping, Russian President Vladimir Putin and new Iranian President Hassan Rouhani together, in the same room, discussing their common position on Syria. Iran is an SCO observer -- and may soon be admitted as a full member. This is what the Anglo-French-American axis is up against.  And that brings us back to 12 years ago -- and the myth that aluminum jets are able to penetrate the thick steel perimeters of the Twin Towers and kerosene is capable of instantaneously melting steel perimeters and steel cores into fluffy steel dust. Check this out and draw the necessary conclusions.  As for that "evil," transnational Terror Inc, it didn't even have a name when Jihad International hopefuls were being recruited in the early 1980s by assorted Islamic charities, and then trained and funded by the CIA and Saudi Arabia. One day the database was finally named -- by the US -- as "al-Qaeda." Or, more appropriately, "al-CIAeda." They were elevated to Ultimate Evil status. They did 9/11. They reproduced like rabbits from Mali to Indonesia. Now the CIA works side-by-side with them -- as it did in Libya. And eagerly they await the US Air Force to clear their road to Damascus. Hey, it's just (war) business. Allahu Akbar. 

37      It must be stated that the interference caused by Directive 2006/24 with the fundamental rights laid down in Articles 7 and 8 of the Charter is, as the Advocate General has also pointed out, in particular, in paragraphs 77 and 80 of his Opinion, wide-ranging, and it must be considered to be particularly serious. Furthermore, as the Advocate General has pointed out in paragraphs 52 and 72 of his Opinion, the fact that data are retained and subsequently used without the subscriber or registered user being informed is likely to generate in the minds of the persons concerned the feeling that their private lives are the subject of constant surveillance.

43      In this respect, it is apparent from recital 7 in the preamble to Directive 2006/24 that, because of the significant growth in the possibilities afforded by electronic communications, the Justice and Home Affairs Council of 19 December 2002 concluded that data relating to the use of electronic communications are particularly important and therefore a valuable tool in the prevention of offences and the fight against crime, in particular organised crime. 44      It must therefore be held that the retention of data for the purpose of allowing the competent national authorities to have possible access to those data, as required by Directive 2006/24, genuinely satisfies an objective of general interest.45      In those circumstances, it is necessary to verify the proportionality of the interference found to exist.46      In that regard, according to the settled case-law of the Court, the principle of proportionality requires that acts of the EU institutions be appropriate for attaining the legitimate objectives pursued by the legislation at issue and do not exceed the limits of what is appropriate and necessary in order to achieve those objectives (see, to that effect, Case C‑343/09 Afton Chemical EU:C:2010:419, paragraph 45; Volker und Markus Schecke and Eifert EU:C:2010:662, paragraph 74; Cases C‑581/10 and C‑629/10 Nelson and Others EU:C:2012:657, paragraph 71; Case C‑283/11 Sky Österreich EU:C:2013:28, paragraph 50; and Case C‑101/12 Schaible EU:C:2013:661, paragraph 29).

67      Article 7 of Directive 2006/24, read in conjunction with Article 4(1) of Directive 2002/58 and the second subparagraph of Article 17(1) of Directive 95/46, does not ensure that a particularly high level of protection and security is applied by those providers by means of technical and organisational measures, but permits those providers in particular to have regard to economic considerations when determining the level of security which they apply, as regards the costs of implementing security measures. In particular, Directive 2006/24 does not ensure the irreversible destruction of the data at the end of the data retention period.68      In the second place, it should be added that that directive does not require the data in question to be retained within the European Union, with the result that it cannot be held that the control, explicitly required by Article 8(3) of the Charter, by an independent authority of compliance with the requirements of protection and security, as referred to in the two previous paragraphs, is fully ensured. Such a control, carried out on the basis of EU law, is an essential component of the protection of individuals with regard to the processing of personal data (see, to that effect, Case C‑614/10 Commission v Austria EU:C:2012:631, paragraph 37).69      Having regard to all the foregoing considerations, it must be held that, by adopting Directive 2006/24, the EU legislature has exceeded the limits imposed by compliance with the principle of proportionality in the light of Articles 7, 8 and 52(1) of the Charter.

(Reuters) - China will hold joint naval drills with Russia in mid-May in the Mediterranean Sea, the first time the two countries will hold military exercises together in that part of the world, the Chinese Defence Ministry said on Thursday. China and Russia have held naval drills in Pacific waters since 2012. The May maneuvers come as the United States ramps up military cooperation with its allies in Asia in response to China's increasingly assertive pursuit of maritime territorial claims

Since Western powers imposed economic sanctions on Russia last year over the violence in Ukraine, Moscow has accelerated attempts to build ties with Asia, Africa and South America, as well as warming relations with its former Soviet-era allies.

China has been increasingly flexing its military muscles since Xi assumed the presidency in 2013, jangling nerves around the region and globally, though Beijing insists it is a force for peace and threatens nobody.China's navy has become a focus of Xi's efforts to better project the country's power, especially in the disputed South China Sea.U.S. President Barack Obama accused China on Tuesday of "flexing its muscles" to advance its territorial claims at sea.

Venezuela and China drafted a 10-year plan for strategic cooperation yesterday as part of the China-Venezuela High-Level Joint Commission that is meeting in Caracas through Wednesday. The plan aims to advance development in both nations by deepening partnerships in diverse sectors, including manufacturing, infrastructure, telecommunications, and oil. “We are going to address the issue of ports and airports throughout the country as well as the question of electric infrastructure,” stated Venezuelan Vice-President for Planning Ricardo Menendez. “We are going to be working on the topic of telecommunications," he added, outlining plans for technological exchange in diverse areas, including providing students with digital tablets, building related factories, and constructing undersea cables to connect Venezuela with Caribbean nations. Also on the agenda are plans to expand joint oil projects as well as initiatives to kickstart Venezuela’s domestic production, particularly in the areas of cement, iron, aluminum, and paper.

Over the last decade, Venezuela under Chavez and Maduro has sought to strategically reorient its economy towards China, signing over 400 cooperation agreements encompassing a wide array of sectors, including energy, education, health, trade, housing, agriculture, manufacturing, infrastructure, sports, research, and cultural exchange. Since 2007, China has provided Venezuela with $45 billion in loans reportedly to finance development. In return, Venezuela exports over 600,000 barrels of oil a day to the rising economic giant. Relations between Venezuela and China were elevated to a comprehensive strategic partnership last July during a special visit by Chinese President Xi Jinping.

China's military reforms will be difficult and risky as they require a fundamental change in thinking and could affect special interest groups, the armed forces official paper said on Friday following the announcement of a 300,000 troop cut.President Xi Jinping unveiled the unexpected news of a reduction in the size of the armed forces on Thursday, at a military parade marking the end of World War Two.The Defence Ministry said the cut, part of broader reforms to up-grade and further professionalize the military, would be basically completed by 2017.

The military has already been shaken by several high-level corruption scandals, as part of Xi's sweeping campaign against deeply ingrained graft, as he seeks to make the military an effective fighting force. The troop cut represents a little more than a tenth of the military's 2.3 million strong forces. It is the fourth time since the 1980s that China will be reducing its military numbers, as it speeds up an ambitious modernization program which has seen the development of stealth jets and anti-satellite missiles. The focus of the cut will be on phasing out outdated equipment, simplifying administrative and non-combat roles and "adjusting and improving military structure", the ministry has said.

Updating the post I wrote a couple of weeks ago on how the U.S. failed to persuade some of its closest allies not to join the new Chinese-backed Asian Infrastructure Investment Bank (AIIB), it’s worth noting that Israel has also abandoned Washington by signing up for membership. The Israeli foreign ministry announced on March 31–the deadline for applying to join the new bank–that Prime Minister Benjamin Netanyahu had signed “a letter of application to join the [AIIB], a result of the initiative of the President of China.”

The process of joining the bank was led by the Ministry of Foreign Affairs in recognition of the importance of joining major Asian organizations on the continent. Israel’s membership in the Bank will open opportunities for integration of Israeli companies in various infrastructure projects, which will be financed by the bank. …It should be noted that the establishment of the bank is a Chinese diplomatic achievement. China initially intended that 35 countries should join, and to date 50 countries have joined. The establishment of AIIB is one of the most important initiatives in terms of Chinese foreign policy and in particular for President Xi Jinping, as this is his personal initiative.

Needless to say, Israel’s decision, which is perfectly defensible on the grounds of national interest, constitutes another slap at the Obama administration, which in the view of many experts stupidly lobbied U.S. allies against membership. (Of Washington’s closest allies, only Canada and Japan did not apply.) Israel has substantial commercial interests in China, particularly in the hi-tech and defense sectors. In fact, the Pentagon has long complained about Israeli transfers of sensitive U.S. military technology to China. In 2004, the Bush administration even sent then-Undersecretary of Defense for Policy and Greater Israel advocate Douglas Feith to Jerusalem to demand the resignation of the director general of the Israeli Defense Ministry, Amos Yaron, for allegedly concealing details of the sale and upgrade of an Israel-made Harpy attack drone to China.

The United States on Monday charged five Chinese military officers and accused them of hacking into American nuclear, metal and solar companies to steal trade secrets, ratcheting up tensions between the two world powers over cyber espionage. China immediately denied the charges, saying in a strongly worded Foreign Ministry statement the U.S. grand jury indictment was "made up" and would damage trust between the two nations.Officials in Washington have argued for years that cyber espionage is a top national security concern. The indictment was the first criminal hacking charge that the United States has filed against specific foreign officials, and follows a steady increase in public criticism and private confrontation, including at a summit last year between U.S. President Barack Obama and Chinese President Xi Jinping.

Federal prosecutors said the suspects targeted companies including Alcoa Inc, Allegheny Technologies Inc, United States Steel Corp, Toshiba Corp unit Westinghouse Electric Co, the U.S. subsidiaries of SolarWorld AG, and a steel workers' union.

According to the indictment, Chinese state-owned companies "hired" Unit 61398 of the People's Liberation Army "to provide information technology services" including assembling a database of corporate intelligence. The Chinese companies were not named.The Shanghai-based Unit 61398 was identified last year by cybersecurity firm Mandiant as the source of a large number of espionage operations. All five defendants worked with 61398, according to the indictment.

Fasten your seatbelts; 2015 will be a whirlwind pitting China, Russia and Iran against what I have described as the Empire of Chaos.

Considering that this swift move was conceived as a checkmate, Moscow’s defensive strategy was not that bad. On the key energy front, the problem remains the West’s – not Russia’s. If the EU does not buy what Gazprom has to offer, it will collapse. Moscow’s key mistake was to allow Russia's domestic industry to be financed by external, dollar-denominated debt. Talk about a monster debt trap  which can be easily manipulated by the West. The first step for Moscow should be to closely supervise its banks. Russian companies should borrow domestically and move to sell their assets abroad. Moscow should also consider implementing a system of currency controls so the basic interest rate can be brought down quickly. And don’t forget that Russia can always deploy a moratorium on debt and interest, affecting over $600 billion. That would shake the entire world's banking system to the core. Talk about an undisguised “message” forcing the US/EU economic warfare to dissolve.

Global oil prices are bound to remain low. All bets are off on whether a nuclear deal will be reached by this summer between Iran and the P5+1. If sanctions (actually economic war) against Iran remain and continue to seriously hurt its economy, Tehran’s reaction will be firm, and will include even more integration with Asia, not the West.

Egypt’s President Abdel Fatah al-Sisi returned from his official visit to China and meetings with Chinese President Xi Jinping. On Tuesday, the two heads of State signed a joint statement on bilateral relations and comprehensive strategic partnership. The agreement sets new trends in international diplomacy and relations. Egypt’s presidential spokesman, Ambassador Alaa Youssef commented on the Chinese – Egyptian agreement, saying that signing the statement elevated bilateral relations to a progressive level. The agreement encompasses politics, economy, trade and investment, military and security, culture and humanitarian issues, space sciences and technologies, as well as a number of regional and international issues.

I have been to China over the years more than a dozen times. I have spoken with people at all levels of policy-making, and one thing I have come to realize is that when Beijing makes a major policy change, they make it carefully and with great deliberation. And when they arrive at a new consensus, they execute it with remarkable effect on all levels. That is the secret to their thirty-year economic miracle. Now China’s top leadership has made such a policy decision. It will transform our world over the next decade. On November 29, 2014, a little-noted but highly significant meeting took place in Beijing as Washington was absorbed with its various attempts to cripple and ultimately destabilize Putin’s Russia. They held what was termed The Central Conference on Work Relating to Foreign Affairs. Xi Jinping, Chinese President and Chairman of the Central Military Commission, delivered what was called “An Important Address” there. Careful reading of the official Foreign Ministry statement on the meeting confirms it was indeed “important.” The central leadership of China has now made official a strategic global shift in geopolitical priorities in Chinese foreign policy. No longer does China regard its relationship with the United Sates or even the EU as of highest priority. Rather they have defined a new grouping of priority countries in their carefully-deliberated geopolitical map. It includes Russia, as well as the entire BRICS rapidly-developing economies; it includes China’s Asian neighbors as well as Africa and other developing countriesFirst appeared: http://journal-neo.org/2015/01/10/china-s-global-political-shift/

CAIRO:  A Chinese delegation from Star Oil & Gas (SOG) holdings along with partners from the International Drilling Material Manufacturing (IDM) company met Sunday with Minister of Petroleum and Mineral Resources Sherif Ismail, offering new projects of $250M to be completely funded by the Chinese government and Chinese banks. A statement released from the ministry added that the delegation discussed a feasibility study of a new steel rolling factory to produce seamless pipes to supply the entire African market, that will be considered as a “development step” in the whole IDM system. SOG’s representative in Egypt Mohamed Al-Gohary stated that this project is going to be “a first” in the Middle East on the field of drilling and oil exploration. He assured that the Chinese trust in Egypt’s economic vision, that was one of the main reasons that encouraged them to prepare the study and discuss it with the government. Li Yang, SOG holdings head, said that the Chinese government considers Egypt as a “key investment country” in Africa.

A presidential statement released during that visit stated it would “usher in a new phase of relations between the two countries, as China has expressed an interest in promoting their relationship to the level of ‘strategic partnership’—a level China maintains with only a limited number of countries globally.” During the visit, President Sisi held talks and signed a number of cooperation agreements with his Chinese counterpart President Xi Jinping, on bilateral economic and technical cooperation. In previous presidential statement, spokesperson Alaa Youssef, noted that China is Egypt’s second largest trading partner. The trade between Egypt and China amounted to $10.3 billion in 2013, of which $1.9 billion were Egyptian exports to China and $8.4 billion were imports from China, according to government figures. The history of modern bilateral relations between the two countries dates back to 1956, when Egypt became the first Arab and African country to recognize the communist government of the People’s Republic of China.

Agreement China-CELAC a ‘Costa Rican achievement’ — Correa Ecuador president Rafael Correa has said that the Celac agreement with China, was probably the greatest achievement of Costa Rica during its presidency, adding that among the main achievements was reaching concrete agreements with China in the bilateral forum recently held there.In an interview with several local television channels, the Ecuadorian president said that for its size, China can be considered as a region, and deepening the relationship would be beneficial for the Celac countries.Beijing was the “principal financier of the world” and to achieve agreements to finance projects aimed at the development of Latin America and the Caribbean Project was “a great success,” he said.Correa, now pro tempore president of the regional bloc, said that at the current stage of development of the region, what was needed was financing.“We no longer need,” he said, “the alms like those given by NGOs who come to construct little schools, because we can do that.“What we need is science, technology, technology transfer to help us create our human talent, and China can give those to us,” he added.

Cuba and China strengthen economic relations Cuba and China have signed five new agreements — in agriculture, telecoms, trade, finances, industry and transportation — confirming both countries’ interest in strengthening and expanding their economic relations.This was the result of the 27th Intergovernmental Commission Cuba-China held last week which also made official the postponement of the starting date of payment of the credit given by China through the Economic and Technical Cooperation agreement.

Correa considered it was a complementary relationship between equals, given that China needs energy, oil and food, which could be obtained from Latin American and Caribbean countries.Four priority areas were identified for the work of the new presidency: reducing extreme poverty, establishment of a new international financial architecture, development of science and technology, and road, productive and energy infrastructure.