Country: China
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South African Utility Boss’s Trip to China Sparks Outrage Back Home Where Millions Fume Without Power
The acting CEO of troubled South African state-owned utility Eskom, Calib Cassim, provoked widespread outrage late last week when it was revealed that he led a high-level delegation to China that also included Public Enterprises Minister Pravin Gordhan. Civil society ...
Chinese Brands Take a Hit as Smartphone Sales Slump in Mideast and African Countries
First-quarter smartphone shipments to countries in the Mideast and Africa slumped to their lowest level in seven years, with some of China's top device makers all losing share. High inflation and weak local currencies are largely to blame for the downturn, according to analysts at the technology ...
China Passes Japan to Become Largest Auto Exporter
A 58% year-on-year surge in exports in the first quarter of the year propelled China past Japan to become the world's largest auto exporting country. Sales to markets in Europe, Southeast Asia, South America and Africa together accounted for 40% of ...
Chinese Merchants Are Disrupting Kenya’s Business Cartels
In the old days, a small group of Kenyan elites dominated the business of importing low-cost products from China that they would then turn around and sell for two or three times the cost. But that once-lucrative business is now under ...
WEEK IN REVIEW: Chinese Imports Fell for Second Consecutive Month in April
Chinese imports fell for a second consecutive month in April, dipping 8% compared to the same time last year in what is potentially a worrisome trend for Global South commodity producers. Chinese exports, however, increased last month by almost 9%, according to new customs data. (REUTERS)
Chinese Companies Far Outstrip U.S. Competitors in World Bank Contracts: Study
Chinese companies won about one-third of World Bank contracts over the last ten years, more than ten times the dollar amount awarded to U.S. companies. This is one of the findings of a new Government Accountability Office (GAO) study requested by a group ...
Sudan Crisis is Adding to China’s Debt Woes in Africa
As the civil war in Sudan threatens to turn into a regional conflict, it could take a significant chunk of Chinese financing with it. At least $5 billion worth of Chinese loans to Sudan are now in danger as hundreds of thousands ...
South Africa Urges Caution on BRICS Currency as Global Yuan Use Creeps Up
The BRICS group (Brazil, Russia, India, China, and South Africa) will discuss the feasibility of a joint currency at an upcoming summit in Johannesburg in August. Naledi Pandor, South Africa’s Minister of Foreign Affairs, acknowledged that scheduling the discussion was prompted by calls from member states to move away ...
Pakistani Protestors Burn Historical Chinese Fighter Jet Monument
A Pakistani crowd protesting the arrest of former Prime Minister Imran Khan on corruption charges set fire to a monument celebrating China-Pakistan military cooperation. The monument is a reproduction of the Shenyang F-6 aircraft, a Chinese-made replica of the Soviet MiG-21, ...
Zimbabwe Pushing Chinese Steel Giant’s Plans to Exclusively Import Electricity From Mozambique
Chinese giant Tsingshang’s Zimbabwe subsidiary, Dinson Iron and Steel Company (Disco), will start importing electricity from Mozambique’s Mphanda Nkuwa hydroelectric power project once complete. This follows a plan, supported by the Zimbabwean government, to have Disco exclusively import power for the ...
TRANSLATION: In Africa, the Chinese Are Scapegoats
The following is a translation of a post by popular Africa-based WeChat content creator Nie Shaorui 聂少锐. The original post can be read in Chinese on his WeChat page at 小聂说事儿. This article has been edited lightly for clarity. When ...
The U.S. Has Got to Find a Better Way to Talk About China
Apparently, U.S. National Security Advisor Jake Sullivan seems to think the best way to counter China's surging influence in the Middle East is to propose building a massive railway that will connect the Indian sub-continent to the Middle East via Persian Gulf states.