Greece, China Sign 16 Belt And Road Deals To Open New Superhighway

Chinese President Xi Jinping is on an official visit in Athens Monday has signed 16 agreements in sectors including agriculture, energy, ports, and tourism aimed at increasing Belt and Road Initiative (BRI) projects in the European Union, reported Bloomberg.

President Xi met with political leaders in Athens Monday, after the Prime Minister of Greece Kyriakos Mitsotakis visited China last week.

Beijing is planning on significantly boosting Chinese investment in Greece, which could lay the groundwork for a new superhighway of trade between Europe and China.

President Xi said China and Greece "are natural partners" for the BRI. He added, "we want to strengthen the transit role of Piraeus Port to expand bilateral trade and to invest in energy, transportation, and the banking sector."

"I think our cooperation can combine our advantages and benefit everyone. At the port of Piraeus, we can see that the result of our cooperation has made it the largest port in the Mediterranean," Xi said.

https://www.zerohedge.com/geopolitical/greece-china-sign-16-belt-and-road-deals-open-new-superhighway

Huawei Staff to Get 6-Figure Bonus and Pay Raise for Helping Firm Weather Trump Onslaught

Payout is latest initiative by China's biggest telecoms firm to counter US pressure

For roughly six months now, the world’s No.1 telecom equipment vendor and No. 2 phone manufacturer has been cut off from the US market, while Washington has been lobbying its allies to reject the firm’s 5G technology over allegations of espionage.

Chinese telecom giant Huawei will grant a mammoth bonus to its employees for their efforts in resisting US pressure, Asian media reports.

According to an internal memo seen by the Nikkei Asian Review, the company, which employs over 190,000 workers worldwide, will double staff salaries in October as “a special dedication award.”

An additional bonus would reportedly be distributed to all employees with a performance rating higher than C, who haven’t been reported for information security violations.

The South China Morning Post clarifies, citing Huawei employees who spoke on condition of anonymity, that the double salary will be allocated to the employee bank accounts on Friday, 15 November, just days after China’s Black Friday-style shopping holiday known as Singles Day.

The separate cash bonus is said to be worth a whopping 2 billion yuan, or $285 million, according to the South China Morning Post, it will be shared among people working in R&D, especially at Huawei’s chip-making subsidiary HiSilicon and the developers of Huawei’s in-house operating systems.

The Trump administration has accused Huawei of espionage and theft of intellectual property on behalf of the Chinese government. The company, which is not publicly traded, flatly rejects the accusations.

The Trump administration has moved to shut the US market for Huawei, through the trade ban has been delayed twice for 90 days. The latest waiver is due to extend on 19 November, and the White House has signalled it is unlikely to be renewed.

https://sputniknews.com/business/201911121077287298-huawei-staff-to-get-6-figure-bonus-and-pay-raise-for-helping-firm-weather-trump-onslaught–report/

>>7353655

https://sputniknews.com/business/201911121077287298-huawei-staff-to-get-6-figure-bonus-and-pay-raise-for-helping-firm-weather-trump-onslaught–report/

>>7353816

>Things are normalizing more by the day.

5:5