Category: Commodities

The Industrial and Commercial Bank of China (ICBC) in Hunan province launched a new cross-border China-Africa currency center on Tuesday to facilitate transactions between Chinese yuan and six African currencies including the Kenyan shilling, Nigerian naira, Botswanan pula, Ghanaian sedi, and the Zambian kwacha.

A big part of Chinese trade expos, like the one that's taking place this week in Hunan, is the opportunity to sell stuff... lots and lots of stuff. Thousands of local residents flood the exhibition floor at these fairs to taste ...

Rwandan President Paul Kagame (photo) was the keynote speaker on Sunday at the kick-off of the four-day China-Africa Economic and Trade Expo in the Hunan provincial capital of Changsha. The expo was also attended by China's most senior foreign policy official, Yang Jiechi, who ...

The China-Africa trade expo that's now underway in the central Chinese province of Hunan provides a unique opportunity for African exporters of finished goods to meet directly with Chinese buyers, said Hannah Ryder, CEO of Development Reimagined, in an interview this weekend with Chinese ...

TWEET TRANSLATION: China-DRC trade totaled $7.76 billion in the first seven months of the year, up 97% year-on-year, and the Congolese side recorded a trade surplus of $4.75 billion. During this period, Chinese companies invested $198 million in the DR Congo.

The coup in Guinea combined with new indicators that China's economy may be slowing is contributing to a period of considerable turbulence in global metals markets as investors try to gauge the impact of these trends on Chinese demand for bauxite, copper, and iron ore:

 "The outcome of the coup attempt is unclear, but the political turmoil offers a test for this relatively new supply chain. Investors need to mull a range of possibilities, from a relatively peaceful power transfer in Conakry that preserves the bauxite status quo, to more disruptive scenarios ...

So far, Guinean bauxite exports to China appear unaffected by last Sunday's coup and policymakers in Beijing are no doubt hoping it stays that way. They would like to avoid having to turn to Australia for further supplies of the critical metal used to manufacture aluminum.

After a quiet past few months when oil prices slid from the once heady highs, Chinese refiners are showing signs of increased demand for Angolan crude. Traders in Asia and Europe told Reuters that Chinese buyers have been snapping up Angolan oil at higher premiums than in ...

In what's becoming an increasingly frequent pattern, another video appeared online on Sunday showing a heated exchange between a Chinese and Congolese miner. The video that is now circulating widely on Twitter, Facebook, and YouTube does not provide a lot of contextual information as to ...