Month: August 2023
Related Posts
Currencies, Old and New, Set to Top Agenda at Next Week’s BRICS Summit in Johannesburg
The idea of creating a brand new currency under the auspices of the BRICS countries is "ridiculous," according to the former Goldman Sachs economist who coined the acronym for the five countries. Jim O'Neil echoed the sentiments of a number of ...
China Importing Record Volumes of Sanctioned Iranian Oil
China is importing a record amount of Iranian crude, easily circumventing U.S. sanctions expressly designed to restrict such trade, according to new findings by the data intelligence firm Kpler. Iranian oil sales to China have jumped this year from an average ...
200 Million Viewers Watch a South African Singer Make Television History in China
When 26-year Motswedi Modiba, aka MOE, began singing last Friday night on the opening round of the nationally-televised hit TV show Sing! China, the judges, with their backs to her just like it is on The Voice, had no idea she was South African. ...
South Africa, China Ink Trade Deals Ahead of Xi Visit
South Africa and China signed about $2.2 billion in new trade and economic deals ahead of Chinese President Xi Jinping’s upcoming visit to Johannesburg next week. Xi will be in town for both the BRICS summit and a bilateral state visit. The deals
India-China Border Talks Resume, Raising Hopes of a Xi-Modi Meeting
China and India held joint talks about their contested border a week before President Xi Jinping and Prime Minister Narendra Modi will both attend the BRICS summit in Johannesburg. Xi will also travel to New Delhi for G20 meetings next month. Observers see the meetings as a signal of a ...
An Unforgettable Journey on East Africa’s Chinese-Built Railways, Old and New
“You seem to have been working for many years for the TAZARA,” curious about the railway, I asked the old electrician. “I’ve been working for this railway for 30 years.” He was repairing wires between carriages.
Pivot to Asia: Why the Near Abroad is Now China’s Top Priority
For much of the past 20 years, China sought to radically expand its presence beyond its traditional spheres of influence to new regions in Africa, the Americas, and the Middle East. China lent billions to countries in these regions and devoted ...
Chinese Convoy Attacked in Pakistan, Two Militants Killed
Separatist militants ambushed a convoy of three SUVs carrying Chinese construction engineers on Sunday near the Port of Gwadar in Pakistan's restive Balochistan Province, a key investment hub for the massive China-Pakistan Economic Corridor initiative. None of the 23 Chinese ...
As Tensions Between China and the Philippines Surge, Wang Yi Calls on a Few Old Friends in Southeast Asia
Chinese Foreign Minister Wang Yi made a quick sprint through Southeast Asia over the weekend as part of a three-nation tour of Malaysia, Singapore, and Cambodia. Wang met with the prime ministers in the three countries in what appeared to be ...
China and the Philippines Warn Each Other Not to Push South China Sea Confrontation Too Far… Or Else
Tensions between China and the Philippines steadily worsened over the weekend as both sides attacked the other for instigating the latest confrontation in their disputed waters in the South China Sea. In Manila, Armed Forces chief General Romeo Brawner said the China ...
Massive Russian Energy Buys Are Transforming China’s Global Trade
Russia is now China's largest single supplier of energy commodities in a shift that is also transforming Beijing's trade engagement in countries throughout the Global South. Whereas fifteen years ago, China sourced a third of its imported crude oil from African ...
Cobalt: Why This Chart Can Spark Both Fear and Happiness
If you're the Chief Financial Officer of an automaker like the Ford Motor Company that loses money on every single electric vehicle it sells, the fact that this chart lists the price of cobalt at around $17 will make you smile. ...