This week’s carnival of summitry continues with the Asia Pacific Economic Cooperation (APEC) ministerial meeting in Bangkok. While many leaders – including China’s President Xi Jinping – are continuing straight to Thailand from the G20 summit in Bali earlier this week, U.S. President Joe Biden won’t be there. Vice President Kamala Harris will stand in for him.
The group’s first in-person meeting in four years is expected to focus on overcoming trade disruptions and supply ...
Day: August 31, 2021
Even Amid a Pandemic, Chinese FDI in Africa Jumped Almost 10% Last Year
Chinese foreign direct investment in Africa increased by 8% in 2020 compared to the previous year, from $2.7 billion to $2.96 billion. Including the 2020 investments, the total Chinese FDI on the continent amounts to $47.4 billion, according to data in a new report published by the ...
Now That Chinese-Owned OPay Has Become Africa’s Third Tech Unicorn, the Magnitude of What Happened Last Week is Starting to Settle In
When the Chinese-owned African mobile money app OPay wrapped up a massive $400 million investment round led by Japan's Softbank and a who's who of Chinese venture capital firms, the magnitude of what happened hadn't really registered. Those investors now value ...
Chinese Vaccines Trickle Into Africa at a Slow, Steady Pace But Hardly Enough to Make a Big Impact
Chinese vaccine shipments to Africa increased by 2.4 million since last week to 56.3 million total doses delivered to date. As of this week, Africa accounts for just 8% of China's total global vaccine distribution, according to Beijing-based consultancy Bridge Beijing's latest vaccine tracker ...
China’s Ambassador to South Africa is Putting Himself in the Middle of the COVID Origin Dispute With the U.S.
China's ambassador to South Africa, Chen Xiaodong, is emerging as a key voice in the bitter dispute with the United States over the origins of COVID-19. The ambassador has steadily escalated his critiques of the U.S. for its claim that the ...
Meet Zhou Aile, An Aspiring Chinese Social Media Star From Gabon
Zhou Aile, or Paula as she's known back home in Gabon, first moved to China 13 years ago to study Mandarin. Since then, Zhou, like other ambitious young African expats, has been working hard to make a name for herself as a media personality, especially online where ...
Analysis from Cobus van Staden
Xi Jinping’s Summit Tour Continues to APEC in Thailand
Africa-China Nerds, Get Ready!
Today was a landmark day for the China-Africa Project. We got to interview Wu Peng, the Director-General of the Department of African Affairs at the Chinese Foreign Ministry. Director-General Wu is China’s most senior official focusing on Africa, and it was a rare privilege to speak with ...
Can Africa Learn Anything From How China Runs Its State Companies?
As African countries work to rebuild their economies from the wreckage caused by the ongoing COVID pandemic, policymakers will be looking at what they can do to bolster their countries' state-owned enterprises (SOE). That may prompt them to examine China's model ...