Category: Economy
China Merchants Group Exporting Its Shekou Model of Port-industrial Development to Africa
As the final frontier for trade growth, Africa is the only region where exponential economic and cargo growth is still possible. The continent is home to some of the world’s fastest-growing economies. However, many existing African ports do not have the capacity to accommodate a growing demand ...
One of China’s Leading Africa Scholars Explains the Difference Between the Chinese and Western “Offer” to Africa
NOTE: This is an update to an earlier story that we showcased this week about a primetime talk show on the national Chinese TV network Dragon TV that featured a discussion among the Foreign Ministry's top diplomat for sub-Saharan Africa, Wu Peng, and ...
One of China’s Leading Foreign Policy Think Tanks Proposes 5 Ways the U.S. and China Can Work Together To Resolve the Debt Crisis in the Global South
Two scholars at the Shanghai Institutes of International Studies (SIIS), one of China's most prestigious and influential foreign policy think tanks, published an uncharacteristically direct appeal for the United States and China to work together to help resolve the worsening debt crisis in developing countries. ...
Chinese Man Awarded Honorary Chieftan Title in Central Nigeria
The chief of the central Nigerian town of Keffi in Nasarawa State awarded a local chieftain title to the Shandong native Cong Hui (丛辉) in appreciation of his contributions to economic development in the community. Cong works for PowerChina and is ...
Chinese Policy Options in Response to the Worsening Security Crisis in Ethiopia
The pressure on Ethiopian Prime Minister Abiy Ahmed intensified considerably over the past 24 hours following reports that rebel forces from the northern Tigray region are gaining ground and even apparently considering marching towards the capital Addis Ababa. In response, the PM declared a state of emergency ...
Uganda’s Museveni Calls on China to Grant Full Duty-Free Access For African Products
Ugandan President Yoweri Museveni called on China to further expand duty-free access to its vast market for African products. In a wide-ranging interview with Bloomberg News, the president acknowledged that China does already provide some tax-free privileges to African products, but now he'd like ...
How China is Facilitating Africa’s “Structural Transformation”
For much of the past 20 years, China has been the indispensable actor in African infrastructure development, financing the construction of thousands of kilometers of new railways and roads along with ports, airports, and power stations. But has it been enough ...
With FOCAC Coming, China-Africa Relations Gain New Prominence on National TV in China
Two of China's leading authorities on Sino-African relations appeared in a nationally-broadcast hour-long show to discuss the current state of Chinese engagement in Africa and to answer questions from a studio audience. The Chinese Foreign Ministry's top diplomat for sub-Saharan Africa, Wu Peng, and Fudan University Professor ...
Debt Relief for World’s Poorest Countries Barely Mentioned at G20 Summit in Rome
Leaders from the world's wealthiest countries meeting in Rome over the weekend covered a lot of ground on everything from finalizing an agreement on a global minimum corporate tax to new climate-related commitments. But for a ...
Uganda’s Finance Minister Grilled by Parliament Over Chinese Airport Construction Loan, Apologized for Oversights
Uganda's Finance Minister Matia Kasaija apologized to parliament last week for the mishandling of the $207 million loan from the China Exim Bank to expand Entebbe International Airport. "I apologize that we shouldn't have accepted some of the clauses,"
Chinese Ambassador to Kenya Wants to Integrate the Port of Mombasa Into Overland Trade Routes in Asia
China's ambassador to Kenya, Zhou Pingjian, met on Friday with leaders from the Kenya Port Authority (KPA) to discuss further integration of the Port of Mombasa with the Belt and Road, specifically linking the port to the Gwadar Port in Pakistan that is at the center of ...
Week in Review: Sudan Coup, Glasgow Climate Summit & G20 Debt Relief
This week Eric & Cobus discuss the Chinese response to the military coup in Sudan and how it differs from Beijing's reaction to September's coup in Guinea. Plus, Cobus explains why he's not optimistic about the outcomes for developing countries from ...