Archives China - Page 47 of 54 - New Eastern Outlook

Termed Saudi’s “new oil” industry, tourism ranks very high on Riyadh’s Vision 2030 strategic plan for the country’s economic transformation away from reliance on oil as the major source of revenue. According to the plan, the Saudis aim to raise about US$46 billion annually from tourism by the end of this decade, i.e., by 2030. Saudi’s goal and China’s contribution to world tourism seem to have a perfect synergy. Before Covid, 155 million Chinese tourists spent US$250 billion world-wide. With Saudi Arabia looking to attract tourism, China becomes a natural partner…

The latest NATO summit has been ‘successful’ insofar as it brought Sweden’s membership very close to becoming a reality. At the same time, the summit also made clear that the alliance, even though it fell short of offering membership to Ukraine, is gearing up for a long war with Russia. The most prominent proponent of this war is, as could be expected, Joe Biden, who is supposedly fighting the war to protect the US-led global world order, and he is doing this by following the legacy of his predecessors who did the same during the Cold War era. It would not be an exaggeration to contend that Biden’s summit…

One of the main current trends in U.S. foreign policy is to force its partners, including India, by hook or by crook, to join the U.S. initiative to form a unified coalition to contain China’s growing power. But does New Delhi need to sign on to such alliances? Not long ago, Indian Prime Minister Narendra Modi made a state visit to the United States, where he was warmly welcomed by President Joe Biden, who hosted a reception at the White House for the occasion. In general, Biden has been very generous lately in his attempts to drag his partners into an anti-Chinese alliance. In April of this year, a posh reception was held in honor of South Korean President…