Day: December 21, 2022

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Why Rapprochement Between China and Australia Could Have Far-Ranging Consequences on Developing Countries

Australian Foreign Minister Penny Wong arrived in the Chinese capital on Tuesday night for a landmark visit that points to a thaw in the icy relations between the two Pacific powers. In fact, she's the first Australian FM to travel to Beijing since ties began to deteriorate more than three years ...

Pressure Mounting on Biden to Counter China’s Free Trade Push in South America

Ecuadorian President Guillermo Lasso's visit to Washington this week prompted urgent calls from Capitol Hill for the President to do more to counter China's growing influence in South America. Lasso met with Biden on Monday at the White House with a nearly-done Chinese ...

New Satellite Images Show Widespread Road Building on Both Sides of the Disputed India-China Border

The Chinese and Indian militaries are building out transportation infrastructure high up in the Himalayas along their disputed border known as the Line of Actual Control, according to new satellite imagery published by the Australian Strategic Policy Institute. "While India maintains control ...

Apple’s “Out of China” Moves Continue Apace With MacBooks Now Set to Be Produced in Vietnam

Add MacBooks to the growing list of Apple products that the tech giant now plans to produce "Out of China." The Cupertino-based company will reportedly begin manufacturing the laptops in Vietnam in mid-2023, according to Nikkei Asia. Apple is steadily diversifying its ...

Why Vietnam and Other Asian Countries Won’t Replace China as an Electronics Manufacturing Hub Anytime Soon

There's growing excitement in some corners of Washington, D.C., that Apple's drive to shift production to other countries in Asia is a sign of progress in the ongoing effort to decouple U.S. manufacturing from China. While Apple's directives that its suppliers build ...

Analysis from Cobus van Staden

China-Led Study Proposes Global Energy Network

A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.

The study focused on how areas with high solar and wind capacity (such as deserts) can be linked to ...

Chinese Contractor Signs $2.2 Billion Deal to Build Next Stage of Tanzania’s Standard Gauge Railway

The Tanzanian government and an unspecified Chinese contractor signed a $2.2 billion contract on Tuesday to build a 2,561km rail line from Dar es Salaam to the Lake Victoria city of Mwanza. It's important to note that even though Chinese contractors ...

Ghana Shows the Global South’s Debt Problem is Bigger than China

The news that Ghana has defaulted on its external debt is sending shivers through the continent. It immediately raises questions about how the Ghanaian people will overcome the crisis and which country could be next. In response to the default, today’s newsletter examines the debt issue from ...

Ghana Becomes Latest Global South Country to Default on Debt

Ghana announced it will suspend payments on most of its debt to bondholders, other commercial lenders, and foreign governments, officially putting it in default. The announcement comes a week after a staff-level meeting with the IMF and a ratings downgrade. Ghana’s economy is spiraling, with 70%-100% of government revenue going to ...