Day: March 10, 2022
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China Will “Strongly Support” Climate Compensation, But Not With Actual Money
China will support a mechanism to compensate poor countries for the loss and damage associated with climate change, but it won’t contribute any cash. That was the main takeaway from a press conference by Xie Zhenhua, China’s chief delegate to the COP27 climate summit ...
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The China-Shaped Hole in Natural Gas Financing
The role of natural gas in African green transitions has become a flashpoint as Europe tries to maximize its own access to African natural gas while also discouraging African countries from factoring it into their own development plans. New research from Boston University’s Global ...
China-Linked Group Will Run Angolan Transport Corridor
The Angolan government has signed a $450 million agreement with the Portuguese infrastructure group Mota-Engil to run rail and logistics in the Lobito Transport Corridor, which connects Lobito Port to the mining zone in the southern Democratic Republic of Congo.
Kenya’s Supreme Court to Weigh In on SGR Contract
Kenya’s Supreme Court will rule on the legality of the country’s Standard Gauge Railway contract. Opponents say the contract being awarded to China Road and Bridge Corp contravened Kenya’s competitive tender rules. The ruling will ...
China Cuts Import Tariffs for Ten Poor Countries
China will cut tariffs on 98% of taxable imports from ten low-income countries. 8,786 different products from Afghanistan, Benin, Burkina Faso, Guinea-Bissau, Lesotho, Malawi, Sao Tome and Principe, Tanzania, Uganda, and Zambia will be zero-rated from December 1.
Indonesia’s plans to develop its rare earth resources face a geopolitical dilemma because the fastest way to process them relies on China’s dominant technology and supply chains, even as the United States and its allies are urging Jakarta to reduce dependence on Beijing. Photo by AFRIADI HIKMAL / NURPHOTO / NURPHOTO VIA AFP
Indonesia sits on a geological treasure trove of rare earth minerals, and the government is eager to tap into the wealth they could bring. While it knows how to find, mine, and sell the highly sought-after critical materials, it confronts a geopolitical dilemma: The only ...
China Moly’s CEO is Back in the DRC For a Visit That Raises More Questions Than Answers
Sun Ruiwen, the powerful CEO of mining giant China Molybdnenum (aka China Moly) was back in Kinshasa this week for a low-profile visit with DR Congo Prime Minister Sama Lukonde. China Moly operates the Tenke Fungurume (TFM) mine, one ...
New Senate Resolution Prepares Ground for U.S.-Africa Summit With an Eye on Countering Chinese Influence
The United States is moving forward with plans for a U.S.-Africa leaders’ summit, focused on containing Chinese and Russian influence on the continent. The China Global South Project received a copy of a recent Senate Resolution 538, which fleshes out the summit plans, following
How Shenzhen-based Transsion Won Africa’s Mobile Phone Market
Africa is one of the world’s last emerging mobile phone markets, and one Chinese company is making heaps of money there. Transsion, a Shenzhen-based maker of affordable phones posted $743 million in profit last year, up 45.6% year-on-year. While ...
Sinotruck to Open New Assembly Plant in Tanzania
Chinese state-owned heavy vehicle manufacturer Sinotruck announced this week that it plans an assembly plant in Tanzania. Sinotruck’s investment in the plant comes to $20 million and will create 500 jobs. One additional benefit from the new plant, and others ...
How Will Ukraine Affect China’s Global Role? Arab Columnists Weigh In
The conflict in Ukraine is causing a flurry of analysis in the Arabic-language media, and a lot of this writing also focuses on how the conflict is affecting China’s global role. One of the dominant themes is that the Ukraine crisis ...