Day: October 12, 2021

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Forget Cobalt, China Wants More of the Lithium Market To Power Electric Vehicles

The Chinese copper and gold mining giant Zijin Mining Group Co. took investors by surprise last week when it bought the Canadian company Neo Lithium Corp.'s South American lithium mining assets for $770 million. The deal highlights the growing importance that Chinese mining companies and electric vehicle battery ...

Chongqing: The Former Rustbelt City at the Heart of the World Economy

Chongqing is a massive industrial city in China's heartland that many outsiders are unfamiliar with despite its enormous size. The city alone has a GDP of $386 billion, larger than both South Africa ($310 billion) and Egypt ($363 billion).

China Targets the U.S. Over Vaccine Shipments to Developing Countries

Chinese Foreign Ministry Spokesman Zhao Lijian took aim at the United States on Monday for what he claimed was Washington's inability to meet its vaccine distribution promises to countries in the Global South. The United States has pledged $4 ...

Chinese Vaccine Shipments to Africa Jumped by Almost 4 Million Doses Last Week

Large shipments of Chinese-made vaccines to Tanzania and Mozambique among other countries last week helped to push total deliveries to the continent past 76 million doses, according to the latest Bridge Chinese vaccine tracker report. In all, China ...

More Robbery Attempts at Chinese Residential Compounds in the DRC Mining City of Kolwezi

For the second week in a row, robbers attempted to break into a Chinese residential compound in the southern DR Congo city of Kolwezi. The suspects, though, didn't get very far. After struggling to break through the gates, they were apprehended by a combined force of 30 police ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

China’s New Ambassador to Tanzania Presents Her Credentials

China's newly-arrived ambassador to Tanzania, Chen Mingjian, presented her credentials on Friday to Foreign Minister Joseph Sokoine. Uncharacteristically, the Chinese embassy did not update the website with Ambassador Chen's biography (they're usually very good about that when new envoys ...

FOCAC Is About 6 Weeks Away. Here’s What Might Be On the Agenda

With everything surrounding the upcoming Forum on China-Africa Cooperation (FOCAC) summit shrouded in secrecy and uncertainty, previewing what will happen at the Dakar event is admittedly a risky undertaking. So, these predictions are suggestive at best, given how much hearsay is swirling around the summit.