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WEEK IN REVIEW: Saudi Arabia Apparently Still Not yet a Member of the BRICS Club

Saudi Arabia is apparently still not yet a member of the BRICS club despite its membership being announced at the same time as when other new members joined the bloc. The Kingdom's commerce minister Majid al-Kasabi confirmed on Tuesday Riyadh has "not yet officially joined." (REUTERS) China's long-serving special climate envoy Xie Zhenhua stepped down due to ...

WEEK IN REVIEW: Chinese Mining Giant CMOC Surpassed Swiss Rival Glencore to Become Largest Cobalt Producer in DRC

Chinese mining giant CMOC surpassed its Swiss rival Glencore to become the largest cobalt producer in the DR Congo. The Chinese company boosted production from its Congolese mines in 2023 by 170%. The production surge helped to depress cobalt prices that slumped 30% last year: (BLOOMBERG) ...

WEEK IN REVIEW: Insurgent Group in Myanmar Reportedly Seized Another Key Border Crossing With China

An insurgent group in Myanmar has reportedly seized another key border crossing with China, further eroding the ruling junta’s control of the northeastern Shan State. Beijing remains concerned about factional fighting in Myanmar spilling over the border and has even deployed PLA troops on the Chinese side. (DIPLOMAT) ...

WEEK IN REVIEW: Ethiopia Widely Expected to Default on Portion of Its Debt

Ethiopia is widely expected to default on a portion of its debt as the government warned it will not be able to make a $33 million bond payment due on Monday. Ethiopia is in the midst of Chinese-led debt restructuring talks under the G20's Common Framework initiative. 

WEEK IN REVIEW: Vietnamese Officials Preparing for Chinese President Xi Jinping Visit Next Week

Vietnamese officials are preparing for Chinese President Xi Jinping to visit Hanoi next Tuesday and Wednesday, well-placed sourced told Bloomberg. This will be Xi's first trip to Vietnam since 2017 and follows Hanoi's recent upgrade of diplomatic ties with both the U.S. and Japan. (BLOOMBERG) ...

WEEK IN REVIEW: Argentina’s President-Elect Javier Milei Begins Pivot Toward the U.S. And Away From Beijing

Argentina's president-elect Javier Milei met with U.S. officials in Washington as he begins to pivot toward the U.S. and away from Beijing. While campaigning, the radical libertarian said he would downgrade ties with China, which he called “an assassin.” (REUTERS) Chinese Foreign ...

WEEK IN REVIEW: DRC President Félix Tshisekedi Officially Inaugurated a New Chinese-Built Dry Port

Félix Tshisekedi, the president of the DRC, officially inaugurated a new Chinese-built dry port. The Sakania dry port is on the border with Zambia and will double as a border post and a nerve center in the countries’ cross-border mining industries. Built by Jiayou International Logistics, it is ...

WEEK IN REVIEW: Foreign Minister Wang Yi Said China Willing To “Play a Constructive Role” at Upcoming APEC Summit in November

Foreign Minister Wang Yi said China is willing to "play a constructive role" at the upcoming APEC summit in November but wouldn't confirm if President Xi Jinping will attend. Xi stayed home from both the recent G20 and ASEAN summits, prompting speculation he'll do the same for APEC.  

WEEK IN REVIEW: ASEAN Kicked off First-Ever Joint Naval Drills in South China Sea on Tuesday

The Association of Southeast Asian Nations (ASEAN) kicked off its first-ever joint naval drills in the South China Sea on Tuesday near Indonesia's Nantuna island. The five-day exercise comes at a sensitive time when many ASEAN members are locked in bitter maritime territorial disputes with China. 

WEEK IN REVIEW: Chinese President Xi Jinping Will Not Attend This Week’s G77 Summit in Havana

Chinese President Xi Jinping will not attend this week's G77 Summit in Havana, making this the third major international event in as many weeks that he's avoided. Li Xi, head of the Chinese Communist Party's powerful anti-corruption body, will go in his place as part of a three-nation ...
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