Category: Economy
Who Will Succeed Amidst Global Economic Fragmentation?
By Lukas Fiala It’s hard to go a day without reading about new economic security measures on either side of the Atlantic. From EU tariffs on Chinese electric vehicles to the U.S. Treasury’s sanctions on China’s dual-use trade with Russia, the ...
How China’s Changing Economy is Impacting Africa?
Back in the early 2000s, when Chinese engagement in Africa started to ramp up, China was enjoying double-digit growth and devoured vast quantities of African oil, minerals, and timber to feed its surging manufacturing sector. ...
Chinese ‘Underground Bankers’ Launder Sinaloa Drug Money: U.S.
The U.S. Justice Department on Tuesday accused Chinese "underground bankers" of helping Mexico's Sinaloa Cartel launder more than $50 million in drug trafficking proceeds. An indictment unsealed in California charged 24 defendants with conspiracy to distribute cocaine and methamphetamine and money ...
Graph of the Day: The Fall in Chinese Infrastructure Funding in Southeast Asia
A new report by the Australian research body the Lowy Institute maps a sharp decline in Chinese infrastructure funding to Southeast Asia, partly due to the COVID pandemic. However, the authors said "ongoing projects mean Beijing looks set to remain the dominant infrastructure financier in the region." ...
Chinese Firms Branch Out from Relying on Development Finance in Latin America and the Caribbean
By Rebecca Ray In 2023, China’s two most active development finance institutions (DFIs) – the China Development Bank (CDB) and the Export-Import Bank of China – committed just $1.3 billion in new sovereign finance to Latin American and Caribbean (LAC) ...
Chinese-Language Media Abuzz Over Rumors Huawei is Now China’s Largest Beef Importer Thanks to Argentina
Reports are circulating on mainstream media outlets in both China and Taiwan that Huawei has become China's largest importer of beef that it sells online with other agricultural products. Chinese netizens were seemingly puzzled by the reports that not only appeared on ...
IMF Releases Sri Lanka Loan Despite Restructure Delays
The International Monetary Fund released $336 million as part of a bailout loan installment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting ...
China Premier Li Starts New Zealand, Australia Visits
Chinese Premier Li Qiang landed in Wellington Thursday to launch a tour of New Zealand and Australia, a trip focused on trade against a backdrop of heightened geopolitical tensions. Second only to President Xi Jinping in China's political hierarchy, Li is ...
Nigeria’s Dyed Cloth Traders Feel Heat From China, Inflation
By Kadiatou Sakho Despite the rain pelting Balogun market in Lagos, Ajoke takes her time choosing the tie-dye fabric known as adire that she wants to give as a gift. The popular textile, traditionally dyed ...
No, Brazil is Not Targeting Chinese E-Commerce Trade With a 20% Tarrif
News has been circulating online for the past week that Brazil passed a law purportedly imposing a steep tariff on low-cost imports, specifically targeting goods purchased on Chinese e-commerce sites like Shein. According to the German news agency Deutsche Welle: ...
China’s Xi Hails Brazil Ties as VP Alckmin Visits Beijing
Xi Jinping hailed China's friendship with Brazil on Friday, telling visiting Vice President Geraldo Alckmin that their ties "go far beyond the scope of bilateral relations." Beijing is the South American country's top trading partner, exceeding $180 billion in each-way trade ...
Pakistan PM Promises Security in Appeal to Chinese Investors
Pakistan’s Prime Minister Shehbaz Sharif is in China this week for his first visit after taking the helm in March. His visit will include a meeting with his Chinese counterpart Xi Jinping in order to “jointly draw a blueprint” for China-Pakistan relations, according to the Chinese Foreign ...