Day: April 7, 2021
How China Lends: A Landmark Report on Chinese Loan Contracts
A groundbreaking new analysis by researchers in the United States and Germany provides an unprecedented look inside the contracts that China uses to lend billions of dollars to developing countries around the world. The new ...
Egypt Poised to Become First Country in Africa to Manufacture Chinese COVID-19 Vaccines, Says Health Minister
Egypt will soon become the first country in Africa to locally manufacture a Chinese COVID-19 vaccine, according to Health Minister Hala Zayed (photo). The minister informed the Cabinet yesterday that a deal between Egyptian state-owned pharmaceutical company VASCERA and Sinovac has ...
E-Commerce Giant JD.com Is the Latest Chinese Tech Company to Expand in the Middle East
China's second-largest e-commerce company, JD.com, is looking to high-end fashion consumers in the Persian Gulf as part of a new expansion in the Middle East. JD signed a partnership agreement with Namshi (photo), the fashion and lifestyle platform owned by Dubai’s ...
Worsening Security Conditions in Mozambique Threaten Huge US EXIM Bank Pipeline Deal Meant to Stymie China
The U.S. Export-Import Bank disregarded warnings about the worsening security situation in Mozambique and went ahead with a risky $4.7 billion loan for a gas pipeline last year that is now in serious trouble. The bank became the largest creditor on ...