Month: November 2024
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Bolivia Announces $1 Billion Deal With CATL Unit to Build Lithium Plants
Bolivia said Tuesday it had signed a $1 billion deal with China's CBC, a subsidiary of the world's largest lithium battery producer CATL, to build two lithium carbonate production plants in the country's southwest. Bolivia's state-owned Bolivia Lithium Deposits (YLB) said ...
China Pulls Taliban Deeper into Central Asian Fold
China’s special envoy for Afghanistan, Yue Xiaoyong, met with the Taliban’s acting Foreign Minister Amir Khan Muttaqi and the acting Defense Minister Mohammad Yaqoob Mujahid. The meeting was confirmed by Chinese Foreign Ministry spokesperson Mao Ning on Monday. She said the meeting aimed “to ...
Mexico Pivots as Trump Announces Tariffs
U.S. President-elect Donald Trump promised to impose 25% tariffs on all goods imported from Mexico and Canada and an “additional” 10% on Chinese imports as a response to irregular border crossings and drug trafficking. He said the measures would be implemented on “day 1” of his term. ...
Philippines, China Clashes Trigger Money-Making Disinformation
By By Ara Eugenio, Jan Cuyco, Lucille Sodipe, Nattakorn Ploddee Violent confrontations between Chinese and Philippine vessels in the South China Sea are being manipulated online by disinformation networks for profit, posing risks to regional security, an AFP investigation has found. ...
China, Indonesia and the Great Power Competition for Transition Minerals
U.S. President-elect Donald Trump is not a fan of the Biden administration's climate legislation known as the Inflation Reduction Act (IRA), describing it as a "green scam." Trump has promised to repeal it, which will undoubtedly be welcome news in Indonesia. ...
Two Projects in Asia and Africa Highlight the New Realities of Chinese Development Finance
Two very interesting stories this week highlight the complexity of China's development finance initiatives in Asia and Africa. In Cambodia, people close to the massive $1.7 billion Funan Techo canal project hint that Chinese financing isn't as secure as Prime Minister Hun Manet made it sound when ...
Mexico Not a Backdoor for Chinese Products, President Sheinbaum Says
Chinese products are not entering the United States and Canada through Mexico, the president of the Latin American nation said on Friday, and the government will make that clear in upcoming trade meetings. "In the meetings we have with Canada and ...
Mounting Concerns in Cambodia Chinese Funding for Controversial Canal May Fall Through
When construction of Cambodia's $1.7 billion Funan Techo canal got underway in August, Prime Minister Hun Manet confidently assured everyone that Chinese funding for the project would come through. Now, though, there are mounting concerns the Prime Minister's assurances may have been ...
China’s Future Role in Zimbabwe Power Plant Uncertain Amid Debt Crisis
Zimbabwe's business community is sounding the alarm over the prospect that one of the country's largest sources of electricity could be shuttered due to its failure to repay debts to Chinese creditors. Zimbabwe power authorities have reportedly fallen behind in servicing ...
New Geopolitical Landscape Explains Why Xi Made Unannounced Stopover in Morocco
Chinese President Xi Jinping arrived back in Beijing on Saturday after a week-long trip to South America to attend a pair of summits in Brazil and Peru. On his way home, Xi made an unscheduled stopover in Morocco on Thursday, where he was greeted at the airport ...
Developing Nations Slam ‘Paltry’ $300 Billion Climate Deal
By Nick Perry, Laurent Thomet and Shaun Tandon The world approved a bitterly negotiated climate deal Sunday, but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low. ...
With an Eye on China, U.S. Moves to Ramp up Military Engagements With Fiji
The United States and Fiji have started work on a key agreement that could see American troops ramp up their presence in the Pacific nation, Pentagon chief Lloyd Austin said Saturday. Austin is the first sitting U.S. defense secretary to set ...