Country: China
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Chinese Auto Brands Zoom Past U.S., EU, and Japanese Competitors in South Africa
The latest auto sales data for South Africa reflects the growing prominence of Chinese brands: They are not yet at the top of the table, but they are moving up fast, and more Chinese competitors are rapidly entering the market. In ...
Just Two Chinese Companies Account for More Than 50% of the Global EV Battery Market
Chinese companies remain firmly in control of the global electric vehicle battery market, with two companies accounting for more than half of the industry's entire production last year. Battery giant CATL and EV manufacturer BYD together had 53% of the total ...
China Rejects Philippine Cyber-Attack Accusations
The Chinese Foreign Ministry pushed back against claims by the Philippines government that hackers in China attempted to break into Manila's most sensitive computer networks. Foreign Ministry Spokesperson Wang Wenbin condemned the accusation on Wednesday and echoed earlier remarks by the ...
Major Wall Street Investors Are Moving Money From China to India
Wall Street was once in love with China and plowed tens of billions of dollars into the country, helping to fund decades of growth. Now, that love affair is coming to an end as the Street's big players shift their attention and their money to India.
Q&A: Indonesia’s EV Success Now Hinges on U.S. & EU. Will Indonesia Be Forced to Pull Away From China?
In November last year, Indonesian President Joko “Jokowi” Widodo met with United States President Joe Biden to talk trade and investment. At the very top of Jokowi’s agenda was to find a way to expand markets for Indonesian nickel-based EV batteries. Jokowi had hoped to secure ...
U.S. Tries Again to Secure China-Free Critical Resources Supply From the DR Congo
For the second time in two years, the United States signed an agreement with the Democratic Republic of the Congo in a bid to secure reliable supplies of critical resources free of any Chinese entanglements. The U.S. on Monday announced it ...
U.S. Mining Start-Up Makes Huge Copper Discovery in Zambia
A California-based mining start-up, KoBold Metals, announced that it had discovered Zambia's largest copper deposit in a century. KoBold president Josh Goldman said on Monday the company's Mingomba mine in northern Zambia is poised to become one of the world's top ...
Trade Numbers Reveal Africa-China Sticking Points
New Africa-China trade figures released by China’s General Administration of Customs reveal a low-energy trade relationship hemmed in by structural constraints. The Chinese authorities tried to put a happy face on it by emphasizing the 1.5% increase in trade (to a total ...
New Investment Data Shows Belt and Road Initiative Is Rebounding
Chinese investment in Belt and Road Initiative (BRI) projects rose to its highest level since 2018. A new report by Fudan University in China and Griffith University in Australia shows that investment has jumped by 80% since last year. The ...
China Launches Egypt’s Newest Satellite Into Orbit
Egypt's NextSat-1 satellite blasted into space from a seaborne launch pad off the coast of Yangjiang in China's southern Guangdong province on Saturday. The small, microsatellite weighs only 67kgs and was shot into orbit on the back of a Jielong-3 (Smart Dragon-3) ...
What Do Namibian Giraffes Have To Do With the Chinese Economy? Ask Weibo
A post by the U.S. embassy in China about the use of GPS to boost giraffe conservation in Namibia became the unlikely location for a collective freakout about the Chinese economy. By Monday, the post received about 166,000 comments, many bemoaning ...
How China Can Make a Significant Difference in Mobilizing Capital for Climate and Conservation
By Rebecca Ray On February 7, major global creditors will meet at the Global Sovereign Debt Roundtable (GSDR) to address the continuing debt crisis among emerging market and developing economies (EMDEs), which have faced a confluence of crisis factors – ...