Category: Economy
China Says It Could Replace U.S. Funding in Colombia
China could step in to support infrastructure projects in Colombia if the United States withdraws funding, the country’s ambassador, Zhu Jingyang, said. In mid-May, the US Bureau of Western Hemisphere Affairs said it would “strongly oppose” upcoming disbursements by the Inter-American ...
Indonesia, China Firms to Invest in EVs, Batteries, Data Centers
Indonesia's sovereign fund Danantara is coordinating with three to four unnamed Chinese companies to invest in EVs, batteries, and data centers, signaling a deepening of bilateral industrial alignment and an attempt to position Indonesia as a critical node in Asia's clean-tech value chain. ...
China–Indonesia Launch Investment Fund Plan
China and Indonesia launch a sovereign investment alliance, proposing a China–ASEAN fund that may reshape the capital architecture of Southeast Asia, signaling a shift from infrastructure-led debt diplomacy to equity-driven economic realignment. Indonesia’s newly established sovereign wealth fund, Danantara, has ...
Mango Deal Sweetens Ties Between Bangladesh and China
Bangladesh waved off its first consignment of mangoes to China on Wednesday, a largely symbolic export as Beijing seeks to sweeten ties after relations soured between Dhaka and its former ally and neighbor, India. Bangladesh, still reeling from the political fallout ...
China, Indonesia Sign Broad Cooperation Agreements
Chinese Premier Li Qiang and Indonesian President Prabowo Subianto signed memoranda of understanding this weekend, which could result in broad-based cooperation. They pledged to work together on boosting tourism, agricultural exports, traditional and contemporary medicine, investment, and media collaboration. This cooperation ...
Developing Nations Face ‘Tidal Wave’ of China Debt: Report
The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. China's Belt and Road Initiative lending spree of the 2010s has paid ...
China’s J-10CE Fighter Jet Getting Lots of Attention at Malaysia Weapons Show
Sales representatives from the Chengdu Aircraft Corporation (CAC), maker of the newly popular J-10CE fighter jet, were especially busy last week at a major weapons exhibition in Malaysia. The J-10CE got a boost earlier this month when it was used in combat ...
Indonesia, China Expand QRIS, Cross-Border Payment in Local Currency
Indonesia and China have renewed and expanded a key financial agreement to promote the use of local currency in bilateral transactions and cross-border payments QRIS. Bank Indonesia and the People's Bank of China signed the updated Memorandum of Understanding (MoU) at the Merdeka Palace in Jakarta ...
U.S. Tariff Tensions Test Southeast Asian Leaders at Regional Summit
By Jan Hennop in Kuala Lumpur and Martin Abbugao in Singapore Southeast Asian leaders will express deep concern over U.S. President Donald Trump's tariff blitz when they meet at a summit Monday, warning that the unilateral move poses huge challenges to ...
Syria and Chinese Company Sign Memorandum on Investment
Syria said Thursday it had signed a memorandum of understanding with a Chinese company to invest in free zones for 20 years. The General Authority for Land and Maritime Ports said on X that it had signed a "strategic agreement" with ...
China and ASEAN Finalize Free Trade Agreement Third Upgrade
China and the Association of Southeast Asian Nations (ASEAN) have concluded negotiations on the upgraded China–ASEAN Free Trade Area (CAFTA 3.0). The new CAFTA 3.0 deepens regional economic integration by expanding digital trade, green development, and cross-border supply chain cooperation commitments. ...
ASEAN Eyes Closer China Trade Ties Ahead of Summit
Malaysia's Prime Minister Anwar Ibrahim said ahead of a high-stakes ASEAN summit set to open Monday in Kuala Lumpur, Southeast Asia’s 10-nation bloc is called to deepen trade ties with China and other partners as it faces sweeping U.S. tariffs. Prime ...