Category: Economy

Apple assembled $14 billion worth of iPhones in India in its last fiscal year, providing more evidence of the electronics giant's rapid diversification of its supply chain beyond China. The company also hopes improved sales in the Indian market will help offset slumping demand for Apple products in ...

Ghana has relatively low exposure to loans from China and multiple creditors, enabling the country to reach debt restructuring agreements. Chinese creditors account for only 7% of Ghana’s public external debt, while China accounts for 36% of Zambia’s external debt and ...

While India’s $3.5 trillion economy is still overshadowed by China’s $17.8 trillion giant, it could equal its neighbor in purchasing power parity by the end of the decade, according to calculations by Bloomberg. However, this would depend on boosting infrastructure and skills, setting up more factories, and ...

Brazilian imports of Chinese-made electric vehicles surged by almost 50% in the first quarter of 2024 compared to last year. BYD and other Chinese automakers are rushing to get their vehicles into the market ahead of new import duties that will ...

Japan will deepen security ties with Indonesia, Prime Minister Fumio Kishida told president-elect Prabowo Subianto on Wednesday on the ex-general's second stop after Beijing as he visits Asian neighbors. Prabowo, currently Jakarta's defense minister, met Chinese President Xi Jinping on Monday, ...

Chinese trade with Uganda has more than doubled over the past ten years from $600 million to $1.3 billion, according to Zhang Lizhong, China's ambassador to the East African country. While that is undoubtedly encouraging, the figures conceal a much deeper ...

By Oyintarelado Moses Energy access and transition are prominent development objectives in African countries. Across the continent, 43% of the population does not have access to electricity and 670 million people lack access to ...

While many in the West still contend Africa's worsening debt crisis is largely due to excessive Chinese lending, Tsinghua University Professor Tang Xiaoyang argues that accusation just isn't true.  Instead, the well-known China-Africa scholar contends ...

Chinese consumers can now buy Kenyan coffee, tea, and avocados — all shipped tariff-free. The latest data show that China is buying more agricultural products from Africa, but for all the Kenyan farm produce heading east, Chinese garlic and fish are also increasingly heading in the opposite ...

Zambia's breakthrough deal on Monday to restructure $3 billion of Eurobond debt helps the southern African country move tantalizingly close to finally ending three years of brutal negotiations with its various creditors. Even though President Haikinde Hichilema's government has already negotiated a ...

The Chinese government refuted claims by Paraguayan President Santiago Peña that even though the South American country maintains diplomatic ties with Taiwan, it will nonetheless continue to sell soybeans to China. "Contrary to what President Peña said, China has imported zero soy ...

China and Honduras marked the one-year anniversary of the Central American country switching its diplomatic allegiance from Taiwan to China. Chinese Ambassador Yu Bo and Honduran Foreign Minister Eduardo Enrique Reina held a ceremony on Sunday at the Chinese embassy to commemorate the ...