Category: Business
Report: Human Rights Abuses Cloud China’s Investment Push in The Global South
The steadily growing presence of Chinese companies in developing countries has been accompanied by an increase in social, environmental, and human rights violations that threaten Beijing's ambitions to become a "responsible great power," according to the findings in a new report published Tuesday by ...
The Growing Demand for Chinese Second-Hand Clothing in Africa
Every year, Chinese consumers discard 26 million tons of used clothing. Much of it goes into landfills, some is incinerated and others are finding their way into developing markets like Africa, where shirts emblazoned with Chinese characters are apparently becoming more fashionable.
Automakers Keen to Reduce Reliance on Cobalt-Powered EV Batteries
Rumors are buzzing within the Chinese auto industry that Tesla is trying for the first time to produce a car without a cobalt-powered battery. Tesla is reportedly considering the use of Chinese EV giant BYD's LFP (Lithium iron phosphate) Blade battery. ...
Rwandan Trade Industry Leaders Urges Businesses To Look Beyond China To Source Imports
Severe shipping disruptions brought on the COVID-19 pandemic have resulted in much higher import costs in Rwanda, especially from China, prompting one industry official to urge businesses to find alternate suppliers. The 10% increase in Chinese imported goods is brought on ...
Africa’s Largest Bank Is Positioning Itself as a Turn-Key China-Africa Trade Agent
Standard Bank's Zambian unit wants farmers to know they're a one-stop-shop to import equipment and other agricultural materials from China. Stanbic Bank Zambia, more than almost any other major financial institution on the continent, is working to position ...
Chinese Businesses in Uganda Set Up Database of Bad Former Employees
If you're a Chinese business operator in Uganda and have had employees who've cheated, stole from your business, or caused property damage, you can email safelyxikun@gmail.com to have their name added to a new database of bad employees that's accessible by other Chinese companies in the country.
Carnegie-Tsinghua Scholar Tang Xiaoyang on the “Real Situation Confronting Chinese Companies in Africa”
One of China's largest and most influential online portals, Observer (观察), published an interview this week with well-known China-Africa scholar Tang Xiaoyang, deputy director of the Carnegie-Tsinghua Center for Global Policy, about some of the difficulties that Chinese companies are encountering in ...
President Akufo-Addo Taps Ghana’s Former Ambassador to China to Run One of the Country’s Two Oil Refineries
Ghanaian President Akuof-Addo appointed Edward Boateng, the highly regarded former ambassador to China, to become the Managing Director of Ghana's embattled Tema Oil Refinery (TOR). Although Boateng served in the Ghanaian foreign service from 2017 until last year, he comes from ...
Week in Review: Shipping, Share Prices and Strikes
Islamic militants released two Mauritanians kidnapped earlier this month in Mali but there's no word on the three Chinese construction workers who were abducted in the same raid. The militants provided no explanation for Wednesday's release or any other information on the ...
Record EV Sales in China Pushes Up the Price of Cobalt and Other Battery Materials
Chinese car buyers are snapping up electric-powered vehicles in record numbers. In the first half of the year alone, automakers sold 1.2 million new energy vehicles and almost a quarter of a million in June alone.
What Advice is a Loan Official From China’s Largest Bank Giving to Companies Looking to Invest in Africa?
Now that China has all but stopped large-scale lending for major infrastructure projects in Africa, there's a lot of confusion over what happens next. After all, Chinese lending has been the cornerstone of Beijing's 15+ year engagement strategy on the continent. ...
Why the Chinese Embassy in DRC Needs To Take Labor Abuse Videos Seriously
China's ambassador to the Democratic Republic of the Congo, Zhu Jing, is probably hoping that the fuss from the recent emergence of multiple social videos that depict violent abuse of local Congolese workers by Chinese managers will blow over. ...