Day: February 8, 2024

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China Proposes Billion-Dollar Revamp of the Legendary Tazara Railway

The competition between the United States and China to refurbish some of Africa's decrepit railways intensified this week when the Chinese government presented a billion-dollar proposal to rebuild the Tazara railway linking Zambia's Copperbelt to the Tanzanian port of Dar es Salaam. ...

Zambia Expresses Optimism It Can Allay Chinese Concerns Over Debt Deal

The Zambian Finance Minister Situmbeko Musokotwane said he's hopeful his country's three-year debt restructuring odyssey can finally be resolved sometime before June. Musokotwane was cautious about providing any specific timetable but said on Wednesday that he's nonetheless optimistic he can resolve Chinese concerns ...

Chinese Auto Brands Zoom Past U.S., EU, and Japanese Competitors in South Africa

The latest auto sales data for South Africa reflects the growing prominence of Chinese brands: They are not yet at the top of the table, but they are moving up fast, and more Chinese competitors are rapidly entering the market. In ...

Just Two Chinese Companies Account for More Than 50% of the Global EV Battery Market

Chinese companies remain firmly in control of the global electric vehicle battery market, with two companies accounting for more than half of the industry's entire production last year. Battery giant CATL and EV manufacturer BYD together had 53% of the total ...

China Rejects Philippine Cyber-Attack Accusations

The Chinese Foreign Ministry pushed back against claims by the Philippines government that hackers in China attempted to break into Manila's most sensitive computer networks. Foreign Ministry Spokesperson Wang Wenbin condemned the accusation on Wednesday and echoed earlier remarks by the ...

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 ...

Major Wall Street Investors Are Moving Money From China to India

Wall Street was once in love with China and plowed tens of billions of dollars into the country, helping to fund decades of growth. Now, that love affair is coming to an end as the Street's big players shift their attention and their money to India.