Category: Business

The South African government announced in May that discussions around setting up a common currency will be on the agenda of the BRICS summit in August. Calls for the bloc, made up of Brazil, Russia, India, China, and South Africa, to work together to boost non-dollar trade have ...

First-quarter smartphone shipments to countries in the Mideast and Africa slumped to their lowest level in seven years, with some of China's top device makers all losing share. High inflation and weak local currencies are largely to blame for the downturn, according to analysts at the technology ...

A 58% year-on-year surge in exports in the first quarter of the year propelled China past Japan to become the world's largest auto exporting country. Sales to markets in Europe, Southeast Asia, South America and Africa together accounted for 40% of ...

The BRICS group (Brazil, Russia, India, China, and South Africa) will discuss the feasibility of a joint currency at an upcoming summit in Johannesburg in August. Naledi Pandor, South Africa’s Minister of Foreign Affairs, acknowledged that scheduling the discussion was prompted by calls from member states to move away ...

Chinese auto exports around the world jumped 70% in the first quarter of the year compared to the same period last year, according to new customs data. And it appears that Chinese auto manufacturers are earning more from each ...

The Chinese Ministry of Foreign Affairs introduced a new talking point aimed at countering accusations by U.S. legislators and other stakeholders that Beijing engages in predatory lending in Africa. For the first time on Friday, the Ministry referenced "dollar hegemony" ...

The chairman of the world's largest electric vehicle company, China's BYD, met with Vietnam's Deputy Prime Minister Trần Hồng Hà in Hanoi late last week to discuss the company's plans to expand in the Southeast Asian country. BYD announced plans to build ...

Beyond the central government and the Chinese Communist Party, China's engagement with African countries is increasingly being driven by its provinces. Hebei, the crescent-shaped province circling Beijing, is a key example. We tracked how Hebei is boosting China's presence in Africa across three different sectors:

Western companies like Apple aren’t alone in trying to limit their exposure to China. Chinese companies are increasingly eyeing overseas expansion too. While some of these moves are due to cost factors like lower salaries in countries like Bangladesh, increased geopolitical tensions are playing a growing role.

The newly-announced deal between the Chinese mining giant CMOC and the DRC’s state mining company Gécamines is raising many questions. We asked our Francophone editor Christian-Géraud Neema, who is also an expert on DRC mining, to clue us in: WHAT DO ...

As China faces increasing criticism around perceptions that it is holding up debt relief processes, its state media seems to be trying out new talking points in its messaging on the issue to Global South audiences, as seen in a recent article in the state-owned tabloid Global Times: ...

The Australian-based company Sundance Resources is suing the China-linked Australia-based AustSino for malpractice and corruption over the Mbalam-Nabeba iron project on the border of Cameroon and the Republic of Congo. The court case has led to eye-popping allegations, including that the dispute ...