Category: Economy

Algeria will become the second African country after Egypt to begin local production of Chinese COVID-19 vaccines.  A new "fill-and-finish" facility in the eastern city of Constantine will begin producing Sinovac jabs on Wednesday. The government says initial output will range between 1-3 million doses per month through ...

AidData, the development research lab at William & Mary College in Virginia, published a landmark report this week that provides the most comprehensive overview to date of Chinese financing of projects along the Belt and Road. Researchers pored through 13,247 projects ...

Beijing gave its blessing on Wednesday to the new creditors committee that China's co-chairing with France to overhaul Ethiopia's $30 billion debt. The committee, operating under the auspices of the G20, met for the first time on September 16th and plans ...

Developing countries along China's Belt and Road Initiative (BRI) owe nearly $400 billion in so-called "hidden debts," according to a landmark new study published on Wednesday from AidData researchers at the College of William & Mary in Virginia. These newly discovered ...

China is increasingly turning to Multilateral Development Banks (MDBs) to pursue its geopolitical agenda and promote alternate norms of global governance, according to a new report published on Wednesday by the London-based Overseas Development Institute. The report by Chris ...

The Industrial and Commercial Bank of China (ICBC) in Hunan province launched a new cross-border China-Africa currency center on Tuesday to facilitate transactions between Chinese yuan and six African currencies including the Kenyan shilling, Nigerian naira, Botswanan pula, Ghanaian sedi, and the Zambian kwacha.

A big part of Chinese trade expos, like the one that's taking place this week in Hunan, is the opportunity to sell stuff... lots and lots of stuff. Thousands of local residents flood the exhibition floor at these fairs to taste ...

This week saw the second China-Africa Economic and Trade Expo, held in Changsha, the capital of China’s Hunan province. As we’ve covered over the last few years, the city is rapidly emerging as a hub of Africa-China trade. It houses a new cocoa trading facility and is ...

So far, shock waves from the massive implosion of the $305 billion property development group China Evergrande have not been felt abroad, but that could soon change if the crisis forces Beijing to retrench, warned a leading Peking Univesity finance professor.

Rwandan President Paul Kagame (photo) was the keynote speaker on Sunday at the kick-off of the four-day China-Africa Economic and Trade Expo in the Hunan provincial capital of Changsha. The expo was also attended by China's most senior foreign policy official, Yang Jiechi, who ...

The China-Africa trade expo that's now underway in the central Chinese province of Hunan provides a unique opportunity for African exporters of finished goods to meet directly with Chinese buyers, said Hannah Ryder, CEO of Development Reimagined, in an interview this weekend with Chinese ...

The Chinese government published a lengthy 108-page report on Saturday that details the current state of economic and trade ties with Africa. The timing of the report's release was intended to coincide with the opening of the China-Africa Trade Expo that began in Changsha on ...