Day: July 2, 2024

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China Builds New Presidential Palace in Pacific’s Vanuatu

The government of cash-strapped Vanuatu will soon settle into a suite of new buildings funded by China, a move likely to reignite concerns about Beijing's reach in the South Pacific nation. At an official handover ceremony conducted in front of a ...

Sri Lanka to Save $5 Billion From Bilateral Debt Deal

Sri Lanka will save $5 billion following the restructuring of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday. The island nation defaulted on its foreign borrowings in ...

China’s Xi Arrives in Kazakhstan for State Visit, Summit

By James Edgar Chinese President Xi Jinping arrived in Kazakhstan on Tuesday for a state visit. During his visit, he will attend a meeting of Shanghai alliance nations in the Kazakh capital, Astana. The nine-member ...

China Prepares to Lead Expanded Shanghai Cooperation Organization

Chinese President Xi Jinping is heading to Central Asia to attend the leaders’ summit of the Shanghai Cooperation Organization, taking place on 3 and 4 July 2024, in Kazakhstan’s capital Astana. The trip will also include state visits to Kazakhstan and Tajikistan. ...

Chinese Firm Transsion Eyes Indonesia As Top Market, Owes Gaming Community For Success

Transsion Holdings, the world’s fourth largest smartphone maker, is now eyeing Indonesia as its number one focus market in Southeast Asia. Engaging gaming communities, improving after-sales services, and innovative marketing are among Transsion’s top strategies to beat competitors in the archipelago, according to managers in Carlcare, ...

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 ...

China Suspected of Ramping up Spying Capacity in Cuba: Report

China appears to have ramped up its capacity for espionage in Cuba, potentially giving Beijing a window to sensitive military data from Florida, a US think tank said. The Center for Strategic and International Studies analyzed satellite imagery from four sites ...

U.S. Slaps Sanctions on Suspected Drug Cartel Money Launderers in China, Mexico

The U.S. Treasury Department on Monday imposed sanctions against three people in Mexico and China it accused of laundering money for the Sinaloa drug cartel. The sanctions targeted a Mexico-based man named Diego Acosta Ovalle, whom the Treasury accused of "hiding ...