Day: May 8, 2024

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Chinese Mobile Phone Giant Transsion Delivered Outstanding Financial Results, But Investors Still Ditched the Stock. Why?

Transsion, the world's fourth largest phone company that dominates the device market across large swathes of the Global South, shed a stunning $2 billion of its market cap in a single day last month after investors dumped the company's stock en masse. What's ...

Blame the U.S. for the China-Philippines Standoff in the South China Sea, Says Prominent Chinese Scholar

One of China's foremost international relations scholars recently articulated what's now become conventional wisdom in Beijing about the underlying cause of the surging tensions with the Philippines in the South China Sea. Jin Canrong, vice dean of the School of ...

A Year and a Half After Its Last Ambassador Left New Delhi, China Finally Names New Envoy to India

The Chinese government on Tuesday formally named veteran Foreign Ministry official Xu Feihong to become the next ambassador to India, ending a 15-month vacancy that contributed to the deterioration of diplomatic ties between the two Asian giants. China has been without an ...

U.S., Philippine Troops Sink China-Made Vessel in War Games

U.S. and Philippine forces sank a decommissioned China-made Philippine Navy ship Wednesday during South China Sea war games simulating an attack on an enemy vessel, officials said. The exercises are being held near the city of Laoag, around 400 kilometers south ...

Indonesia’s Role in the Burgeoning South China Sea Crisis

Indonesian President-elect Prabowo Subianto will take office later this year at a critical time when regional tensions over territorial disputes in the South China Sea are surging. And this won't be just a foreign policy ...

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-Laos Railway Brings Higher Mobility, Employment As Profit Concerns Linger

A group of Thais boarded the high-speed train between Boten and Vientiane, the capital of Laos. They had just finished a tour in China before crossing to the Boten station, about five minutes from the China-Laos checkpoint. The carriage was half empty because it was the last ...