Category: Business

China’s BYD Designing New Model for India: Senior Official

China's BYD, the world's top electric carmaker, is preparing a new model for India as it looks to continue its rapid overseas growth, executive vice president Stella Li told AFP on Tuesday. Engineers at BYD's headquarters in Shenzhen, southern China, are ...

Copper Rebounds on China Stockpiling, Stronger Risk Sentiment

By Eric Onstad Copper prices rebounded on Tuesday after news that China plans to boost stockpiles of copper and as risk sentiment rekindled among global investors. Benchmark three-month copper on the London Metals Exchange gained 3.6% to $13,360 ...

India Govt, Central Bank in Talks With Alipay+ to Integrate Its Instant Payment Systems, Sources Say

India's government and central bank are in talks with Ant International about allowing Alipay+ to be linked with India's instant payments system for cross-border transactions, according to two government sources. The move would help make payments easier for Indian tourists as ...

China E-Mobility Weekly Digest: BYD Enters Tanzania as CKD Assembly Remains Africa’s Most Practical Manufacturing Option

This is a free preview of the upcoming Africa EVs Weekly Digest, part of the new CGSP Intelligence service. Many African countries are talking up local electric vehicle (EV) manufacturing, but the lack of infrastructure and reliable energy remains ...

Peru President Says Backlash Over Chinese Businessman Meetings Aims to Derail Elections

By Marco Aquino Peruvian President Jose Jeri told lawmakers on Wednesday that calls for his removal over undisclosed meetings with a Chinese businessman are an attempt to destabilize his government and disrupt upcoming elections. Jeri, who took ...

Analysis from Cobus van Staden

Confusing Developments in “Development”

This week I’m in Brussels, where I took part in a workshop on how the EU should shape its development strategy in response to China’s global influence.
I have joked in the past that it feels like I’ve attended this same ‘EU, Africa, and External Development Partners’ conference for ten years straight. 

Get a daily email packed with the latest news and analysis from Africa, Asia, and across ...

Temu Office in Turkey Raided by Competition Authorities

By Helen Reid and Ezgi Erkoyun Online retailer Temu's office in Türkiye was raided early on Wednesday, the country's competition authority and a spokesperson for the Chinese company told Reuters. The move follows a December raid on ...

Peru’s President Asks to Appear Before Congress Amid Scandal Over Meetings With Chinese Businessman

By Marco Aquino Peruvian President Jose Jeri has asked to appear before Congress to "clarify" meetings he held with a Chinese businessman outside of his official agenda, which are being investigated by the public prosecutor in a new political scandal rocking the country. ...

Pakistan’s Defense Boom Puts Chinese-Designed Jets on the Global Market

By Saad Sayeed and Ariba Shahid Pakistan's defense manufacturing industry is running red hot since its jets, drones and missiles earned the coveted 'combat tested' tag in a conflict with India last year, attracting a slew of interested buyers.

India’s Central Bank Proposes Linking BRICS’ Digital Currencies, Sources Say

By Jaspreet Kalra and Nikunj Ohri India's central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the U.S. dollar as geopolitical tensions ...

China Offers Extensive Free-Trade Deal to Kenya

Kenya has secured zero-duty access for almost all its exports to China in a preliminary deal, its trade minister said Thursday, as Nairobi seeks to offset the impact of higher U.S. tariffs. The Kenya-China deal aims to diversify the East African ...

China’s Central Asia Push Runs Into Local Resistance

Official Chinese narratives have long depicted relations with Central Asian countries as uniformly friendly and mutually beneficial. Diplomatically, that image largely holds. Yet recent discussions on the Chinese internet suggest a more complicated reality on the ground where China’s growing economic footprint is increasingly met with local ...

China Confirms Extradition of Accused Scam Boss Chen Zhi as Cambodia Liquidates His Bank

Accused scam boss Chen Zhi has been extradited to China from Cambodia, Beijing confirmed on Thursday, after he was indicted by the United States over alleged multibillion-dollar fraud. Video released by China's Ministry of Public Security on Thursday showed Chen in ...
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