Country: China
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$25 Billion of Deals Signed During Annual Silk Road Forum in China
The Fifth annual Silk Road International Exposition ended on Saturday in the northwestern Chinese city of Xi'an where officials announced that $24.6 billion worth of investment deals were reportedly signed during the five-day event. In all, organizers say 72 ...
“I Have Had Enough!” DRC President Étienne Tshisekedi Hints He’s Ready to Take on Chinese Investors Over Unfair Contracts
DR Congo President Étienne Tshisekedi ventured to the heart of the country's cobalt mining territory to personally deliver a warning to foreign investors (read Chinese) that unfair mining contracts are going to be re-negotiated. On Thursday, the president traveled to the city of Kowlezi in the southern ...
As Chinese Vaccines Exports Continue to Slow, Local Production Around the World Steadily Increases
China is rapidly closing in on 400 million doses of COVID-19 vaccines administered domestically, at a stunning pace of 14 million per day. All those domestic vaccinations means that China has fewer jabs to export abroad. While international shipments have slowed considerably ...
CNN Ran a Story on Big Tech Expanding in Africa That Didn’t Mention a Single Chinese or European Company
CNN International broadcast a report over the weekend purportedly about "how big tech is expanding in Africa" yet the story only mentioned five major U.S. tech companies and not one from either Europe or Asia. This is somewhat odd given that ...
The Optics of China Paying For Kenya’s New Foreign Ministry Building Just Looks Awful
Kenya is a middle-income country with a $100 billion economy and it still can't afford to pay for its own $35 million foreign ministry building? Really? They spent $6 billion on a railroad and the government can't figure out a way ...
What Should Be on the China-Africa Environmental Agenda?
Environmental issues once featured prominently on the China-Africa agenda where leaders on both sides focused on the wildlife trade, conservation, and a wide range of sustainability issues. Not any more. Today, it's all about access ...
Q&A: Is China Really Delivering for Senegal In the Fight Against COVID-19?
As the co-chair for the upcoming 2021 Forum on China-Africa Cooperation (FOCAC), Senegal is in a unique position to negotiate a better relationship with China as well as support other African countries to do so as well. At Development Reimagined, an ...
Ethio Telecom Launches New Huawei-Powered Mobile Money Service
Ethiopian Prime Minister Abiy Ahmed oversaw the launch this week of Ethio Telecom's new mobile money service "Tele- Birr" which will be powered by technology from Chinese telecom equipment giant Huawei. Ethiopian officials have high expectations for Tele-Birr's future ...
Huawei Mobile Money is Quietly Becoming an Important Fintech Engine For Emerging Market Payment Platforms
Most of the discussion about Huawei in places like Africa or the Americas centers on the company's 5G technology that officials in the U.S., Europe, and some Asian countries believe presents a security threat. But the Shenzhen-based company isn't generating $137 billion in annual ...
Oppo is the Latest Chinese Phone Maker to Set Its Sights on the South African Market
China's largest mobile phone maker Oppo is targeting South Africa's youth market with a new mid-range device, the A74 5G. Oppo's announcement comes less than a week after another Chinese company, Transsion's Itel division, announced that it too is targeting a similar ...
Glencore’s CEO Warns Western Automakers About China’s Control of Congolese Cobalt
The CEO of the world's largest cobalt mining company issued a stern warning to U.S. and European automakers that they had better get their acts together to secure supplies of this precious metal or else risk becoming dependent on China for batteries to power their electric vehicles. ...
Veteran China Journalist Warns That China is Looking to Eventually Replace Australian Iron Ore With Suppliers in Brazil and Africa
There's been widespread speculation over the past year that China wants to develop new iron ore supply chains in Africa so it can stop buying from Australia in response to steadily worsening ties between the two countries. While there've been indications ...