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Category: Economy

WEEK IN REVIEW: Zambia Debt | Lula’s China Diss | China-Africa Journalism

Zambia suffered a major setback this week in its nearly three-year odyssey to restructure $32 billion of debt when the country's bilateral creditors led by China and France pushed back against bondholders. Plus, Brazilian President Luiz Inácio Lula da Silva issued ...

Analysis from Cobus van Staden

Chinese Foreign Minister to Lead UN Security Council Meeting on Gaza

Wang Yi, China’s Minister of Foreign Affairs, will chair a UN Security Council (UNSC) meeting in New York on the ongoing crisis in Gaza.
China, the current UNSC president, called the meeting scheduled for November 29. It comes as the two sides are looking into extending the temporary ceasefire that started last week to allow for the return of further Israeli hostages and Palestinian detainees.

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Most of Africa’s Energy Financing Comes from China: Report

Despite Africa’s massive energy potential, its population’s electricity demand is not being met. However, the continent’s energy landscape is changing rapidly, thanks in large part to China. A new report by the prominent Africa-China researcher Oyintarelado Moses for the Carnegie Endowment ...

iPhone Maker Foxconn to Invest $1.5 Billion in India as It Looks Beyond China

As it looks to build beyond China, Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill “operational needs,” the Apple supplier said Monday. Foxconn, based in Taiwan, has significant operations in mainland China. Foxconn’s factories ...

The Implosion of Zambia’s Debt Deal Signals Wider Worries

Delays in restructuring Zambian debt are weighing on the country’s economy and raise wider questions about the future of debt relief mechanisms around the world. Zambia appears stuck since the announcement last Monday that its committee of official creditors rejected a deal between ...

Beijing Says Economic Ties Will Trump Argentina’s Election of ‘Anti-China’ Milei

China expressed assurance that close economic ties with Argentina will override threats by the country’s newly elected president to downgrade relations with Beijing. Questions about the future of the countries' traditionally strong bilateral relations are being raised after Monday’s landslide victory ...

Biden’s Economic Plan to Counter China’s Surging Economic Influence in Asia is Now at Death’s Door

U.S. President Joe Biden did his very best last week to put a brave face on during the family photo with other members of the Indo-Pacific Economic Framework (IPEF), Washington's latest effort to challenge China's growing economic dominance in the region. ...

Why There’s Good Reason to be Skeptical About Mexican, Chinese Promises to Curtail Fentanyl Flows Into U.S.

U.S. President Joe Biden called on the Presidents of Mexico and China to help stem the importation of the synthetic drug fentanyl that has killed tens of thousands in the U.S. over the past several years. The issue was also raised ...

While Global Powers Fight a Bipolar Battle, the World Is Calling for the Menu

As Presidents Xi and Biden meet amid calls for decoupling, a new survey reveals many countries want to work with both the United States and China in an “a la carte” way. A new public opinion survey by Oxford University and ...

Where’s the Green? New Research Raises Doubts About China Investments in Sustainable Energy

At the Belt and Road Forum in October, Chinese President Xi Jinping’s keynote speech was peppered with the word “green.” He committed China to numerous green initiatives, including “green infrastructure, green energy and green transportation.” The problem is that China’s global energy ...

Why Working With South Africa is Important, But Complicated for Both the U.S. and China

South Africa’s relationship with China and Russia has painted a target on its back in Washington, with some policymakers calling for it to be kicked out of the African Growth and Opportunity Act trade pact. SA is China’s largest trading partner on ...

Chinese Overseas Investment: Which Countries Will Benefit Most?

Amid a slowing economy at home, more Chinese companies are now looking to invest abroad in search of higher returns. While there's been a lot of hope in recent years that some of that money would find its way to Africa ...
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