The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...
Category: Investment
Cambodia’s Strategic Bet: Banking on China’s Vision for a Second Shenzhen
Cambodia is making a strategic bet by aligning itself closely with China’s economic and geopolitical vision, particularly through the "second Shenzhen" dream in Preah Sihanouk province. The Fourth Think Tank High-Level Forum, held this week in Phnom Penh and Siem ...
China’s Expanding Footprint in Cambodia: Xi’s April State Visit Signals Deeper Ties
Chinese President Xi Jinping is set to visit Cambodia in April for a state visit, announced Khy Sovanratana, Secretary of State of the Ministry of Foreign Affairs and International Cooperation, on Monday. Representing Deputy Prime Minister Prak Sokhonn, Sovanratana emphasized ...
China’s Investment in Cambodia Surges, Deepening Ties but Raising Dependence Questions
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China Poised to Shield Economy from Global Shocks as PM Li Qiang Courts Investors
China is reinforcing its position as a global economic anchor, with Premier Li Qiang stating that Beijing is prepared for external shocks that may exceed expectations. Speaking at the China Development Forum CDF on Sunday, Li said the Chinese ...
China’s Sunwoda Invests $1 Billion in Thailand’s EV Battery Industry Amid Rising Chinese EV Presence
China’s Sunwoda Electronic is expanding its footprint in Southeast Asia’s electric vehicle EV industry with a $1 billion investment in Thailand. The country is accelerating efforts to establish itself as a regional EV manufacturing hub. Thailand’s Commission on the National ...
Analysis from Cobus van Staden
Vietnam’s VinFast Takes on China in Indonesia EV Market with Plant and 100,000 Charging Stations
Vietnamese automaker VinFast is making a major push into Indonesia’s electric vehicle EV sector with a planned $1.2 billion investment, including a $200 million EV manufacturing plant in West Java and an EV charging network worth up to $1 billion.
Phase 3 of the Belt & Road Initiative: Develop New Supply Chains
Princeton University Post-Doctoral Researcher Kyle Chan recently published a fascinating new map of that shows the surge of Chinese manufacturing investment around the world between 2019 and 2024. Unsurprisingly, the map reveals heavy investment in Southeast Asia but relatively little in Africa ...
China’s $4.4 Billion Bet on Indonesia’s New Capital: A Strategic Utility Tunnel for Power and Sensitive Fiber Optics
In a move that underscores Beijing’s growing role in Indonesia’s ambitious new capital, Nusantara IKN, the Indonesian government has given China Harbour Indonesia the green light to develop a massive multi-utility tunnel (MUT) and road infrastructure project, including fiber optics, worth approximately $4.4 billion.
BYD Expands Dealership Network and Build $1 Billion EV Factory in Indonesia
BYD, the Chinese electric vehicle (EV) giant, announced plans to expand its dealership network from 35 locations in 20 cities to 80 outlets by the end of 2025. The expansion is seen as it looks to cement its position in ...
Thailand’s Record Investment Boom: How China and Tech are Shaping the Future
Thailand reached a significant milestone in 2024, attracting $33 billion in investment applications, the highest in a decade. China played a key role in this growth, supporting 810 projects worth $5 billion and strengthening its presence in Southeast Asia’s evolving economy.
Indonesia Targets Investment Relocation from China, Sees Regulatory Reforms as Key
The shifting tides of global trade are positioning Indonesia as a potential winner, as companies seek alternatives to China amid ongoing U.S.-China trade tensions. But there's a catch: businesses want the government to clean up its regulations before they commit. Deputy ...
Lourenço Says He Would Not Take a Another Resource-for-Infrastructure Deal With China
Over a twenty-year period beginning in 2002, Angola borrowed a staggering $45 billion from China, accounting for a third of all Chinese lending on the continent. The Angolan government still owes Chinese creditors an estimated $17 billion and restructured a large ...