Country: China
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China Harbour Completes Construction of West Africa’s Largest Deep Water Port in Nigeria
The state-owned China Harbour Engineering Company completed construction of the $1.5 billion Lekki Deep Sea Port near Lagos and officially handed over the facility to its Nigerian partners. Lagos State Governor, Babajide Sanwo-Olu, said the new port will generate 200,000 jobs ...
South Africa’s Naspers Denies Rumors It Plans to Dump Tencent Shares
South African tech investment firm Naspers denied rumors that it is in talks with the Chinese state-owned investment company CITIC to sell its $70 billion stake in the Chinese tech behemoth Tencent. The Cape Town-based company issued a statement ...
China-Africa Trade via Hunan Province is Booming
Customs authorities in Changsha, the capital of China's southern Hunan province, reported $2.6 billion in two-way trade between the city and African countries in the first three quarters of the year. These robust trade figures for the city helps ...
Chinese Automakers Look to Developing Countries to Boost Sales and Production
The war in Ukraine opened new production opportunities for Chinese automakers in Central Asia, while growing demand in Latin America and South Asia for SUVs and EVs has sparked a new sales push in those regions by some of China's largest car brands:
Xi Delivers Blunt Message to U.S. During Meeting With Vietnamese Communist Party Leader
Chinese leader Xi Jinping made his first appearance on Monday with a foreign dignitary since embarking on an unprecedented third presidential term in office. Xi, in his role as General Secretary of the Communist Party, met with his Vietnamese counterpart Nguyen Phu Trong and warned his ...
Lula’s Victory Expected to Boost China-Brazil Ties
Chinese President Xi Jinping was quick to send his congratulations on Monday to Luis Inacio Lula da Silva on his re-election as president of Brazil. The Foreign Ministry in Beijing was equally enthusiastic about Lula's return to power, with spokesman Zhao Lijian telling reporters that China ...
China Isn’t Spending Anywhere Near as Much on Aid to Pacific Island Countries as Many Think
New research reveals that Chinese aid spending in Pacific Island Countries (PIC) is now at the lowest level in 14 years, challenging the widely held perception that Beijing is showering the region with money in a bid to boost its influence. ...
The Cost to Build An EV Battery is Going Up… A Lot
This chart explains in part why Chinese battery giants are moving as fast as possible to lock up supplies of the key ingredients needed to manufacture lithium-ion batteries used to power electric vehicles. With the cost of certain materials, particularly lithium ...
The Wider Implications of Europe’s Quest for African Natural Gas”?
It’s becoming increasingly clear to me that one of the most important tools for making it through these times is a capacity for grim amusement. Without it, one would simply be crushed by something like the recent UN climate reports which correctly pointed ...
Vietnam’s Communist Party Leader Arrives in Beijing, Kicking Off a Busy Week of Chinese Diplomacy
Vietnam's Communist Party leader Nguyen Phu Trong arrived in Beijing on Sunday, kicking off what will be a very busy week of international diplomacy in the Chinese capital. Trong's three-day visit is generating a lot more attention given that he will be the first international ...
Reports: Xi Expected to Travel to Saudi Arabia for December Summits
Chinese President Xi Jinping will reportedly travel to Saudi Arabia in December to attend a trio of Sino-Arab summits taking place in the Kingdom. The latest rumors about President Xi's purported trip surfaced late last week following the fourth round of talks between Chinese Foreign Minister Wang Yi and his ...
China-based Development Bank to Ramp Up Lending by $10 Billion a Year
While China's two major policy banks have pulled hard on the reins to curtail development financing in the Global South, the Beijing-based Asian Infrastructure Investment Bank is going in the opposite direction. AIIB's President Jin Liqun told the Financial Times that the ...