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Category: Economy

Argentina Scores $924 Million in Deals from China

Argentina’s Economy Minister Sergio Massa managed to secure almost a billion dollars' worth of investment deals on the first leg of his trip to China. He is on an economic rescue mission, with talks expected to renew and extend a currency ...

Analysis from Cobus van Staden

Argentina Scores $924 Million in Deals from China

Argentina’s Economy Minister Sergio Massa managed to secure almost a billion dollars‘ worth of investment deals on the first leg of his trip to China.
He is on an economic rescue mission, with talks expected to renew and extend a currency swap agreement in order to infuse much-needed foreign money into the Argentinian economy.

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New Development Bank Wants to Finance More Projects Using Local Currencies Rather Than the U.S. Dollar

The New Development Bank (aka the "BRICS Bank") wants to reduce the use of the U.S. dollar when it finances projects in developing countries. The head of the Shanghai-based lender, Dilma Rousseff, told the bank's annual meeting this week that the ...

Chinese Auto Major Geely Eyes Thailand to Build Regional Manufacturing and Sales Hub

Chinese auto major Geely, the country's fourth largest, is weighing a major expansion in Southeast Asia with the creation of a sales and manufacturing hub in Thailand. Thailand's Board of Investment met with five major Chinese EV makers, including Geely, during ...

How Zambia’s Debt Mix is Forecast to Evolve

This projection of how Zambia’s public and publicly guaranteed (PPG) debt servicing will shift over the next few years showed up in a recent public lecture by the Johns Hopkins University debt expert Deborah Brautigam at Peking University. PPG refers to ...

Egypt’s Suez Canal Economic Zone Attracts Chinese Investment Bonanza

Egypt’s Chinese-built Suez Canal Economic Zone attracted a whopping $3 billion in Chinese investments, according to its chairperson Walid Gamal El-Din following his visit to Beijing in late May. The deals cover a broad range of industries, from apparel to power ...

Ethiopian Foreign Minister Wraps Up 5-Day Visit to China

Ethiopian Foreign Minister Demeke Mekonnen Hassen, who is also deputy prime minister, concluded a five-day visit to China on Sunday following meetings with his Chinese counterpart Qin Gang and Chinese Vice President Han Zheng. None of the readouts from Chinese state media provided ...

WEEK IN REVIEW: Official Navigation Beacons Placed Close to Contested Spratly Islands in South China Sea

China’s Transport Ministry confirmed that three official navigation beacons have been placed close to the contested Spratly Islands in the South China Sea. This follows a similar positioning by the Philippines as the countries pursue competing claims to the island group. Meanwhile, a Chinese naval vessel is on ...

Chinese Hackers Targeted Kenyan Government on Debt: Report

Kenya is abuzz following an exclusive report by Reuters that Chinese entities repeatedly hacked Kenyan government computer networks. The report cites cybersecurity reports and government sources to allege that unidentified Chinese actors surveilled eight Kenyan ministries and government departments for three years. The campaign reportedly included the office ...

This Graph Explains China’s Growing Influence in Latin America

Financial Times recently published a fascinating analysis of the constraints facing U.S. influence in Latin America. While U.S. policymakers face political opposition at home to the increased market access demanded by Latin American governments, the same isn't true for China. China's trade with Latin America surged from $12 ...

Mix of Gratitude and Fear in Ghana Over China’s Role in the Country’s Ongoing Debt Crisis

Joy News, one of Ghana's largest media companies, published a pair of stories this week that revealed the complex emotions many in the West African country have about China's role in the ongoing debt crisis. On the positive side, the Ghanaian ...

Hunan’s Trade With Africa is Up 90% in 2023

The central Chinese province of Hunan has spent years positioning itself as an African trading hub, and according to the latest customs data, its efforts are now paying significant dividends. Trade between the province and African countries surged by 90% in ...
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