Day: July 17, 2024

Related Posts

Philippines, China to Boost Communication Lines on Sea Disputes

The Philippines and China have agreed to raise the number of communication channels that can be used to resolve maritime spats, a diplomatic source told AFP on Wednesday. Manila and Beijing have a long history of territorial disputes in the South ...

Chinese Phone Brands Benefit From Reduced Inflation in Global South, Shipments Jump 12%

Shipments of mobile phones around the world increased by 12% in the second quarter of the year compared to the same period in 2023, according to new data by the market research firm Canalys. While Samsung and Apple held on to ...

Chinese Shift in Battery Manufacturing Could Have a Major Impact on Nickel, Cobalt Exporting Countries

China’s nickel-cobalt-manganese (NCM) battery output in June fell 6.8% year-on-year, marking the straight month of declining production. NCM batteries are widely used in electric vehicles in the U.S. and Europe, but less so in China where lithium phosphate (LFP) batteries are ...

Letter From Washington: The Narrowing Space for Democracy

Greetings from Washington, D.C., Over the last two and a half months, I’ve spent time in Washington, D.C. and several European capitals meeting with folks from think tanks, civil society, and policy circles to talk about critical minerals and the West’s ...

China Props up Solomon Islands’ Budget With $20 Million Injection

The Solomon Islands will prop up its government budget with a $20 million injection from China, the developing Pacific state said Tuesday, as Beijing looks to strengthen its strategic foothold in the region. Prime Minister Jeremiah Manele announced the funding after ...

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 ...