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Six Million Donkeys Slaughtered for Chinese Medicine: Charity

Almost six million donkeys are slaughtered annually for Chinese medicine, with severe knock-on effects for African villagers who rely on the animals, a UK-based charity said on Thursday. It is driven by an increase in China's production of ejiao -- a ...

Will China’s Trade Strategy in Africa Succeed Where Europe’s Didn’t?

At a recent ministerial meeting in the central Chinese city of Changsha, Beijing announced an ambitious new phase of its engagement with Africa: the possibility of eliminating customs duties on exports from all 53 African countries (except for Eswatini, which maintains diplomatic relations with Taiwan). While many ...

“Vietnam’s Just a Pathway of China” to the U.S., Says Commerce Secretary

The pressure on Vietnam in the escalating trade war between the U.S. and China went up significantly on Wednesday when Commerce Secretary Howard Lutnick made it very clear that eliminating all trade tariffs on U.S. goods will not be enough to satisfy the Trump administration. ...

Offshore Trading of China’s Currency Sinks to Historic Low, Presenting Yet Another Problem for Developing Countries

China’s offshore yuan fell to an all-time low against the U.S. dollar on Tuesday as trade tensions between the United States and China escalated after days of turmoil over tariffs. The offshore yuan, which is circulated outside mainland China and is ...

China’s Retaliation to U.S. Tariffs Could Boost Trade with Global South

U.S. tariffs on imports from China, Mexico, and Canada went into effect right after midnight on Tuesday. Citing a lack of action on restricting precursor chemicals used to make fentanyl, the U.S. added 10% on top of an already-imposed 10% tariff on Chinese imports, while those from ...

Analysis from Cobus van Staden

BRICS Announces Numerous New Initiatives

The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...

U.S. Lawmakers Want to Close Back Doors That Chinese Companies Use to Circumvent Tariffs

A bipartisan group of lawmakers in the U.S. Senate is set to introduce new legislation on Monday aimed at cracking down on Chinese companies that shift production to other countries to circumvent tariffs. The bill, if passed, would allow the Commerce Department ...

Mexico Seeks to Cut Chinese Imports Amid Concerns Over Trump’s Tariffs, Says Economy Minister

Mexico appears to be ramping up its efforts to significantly reduce imports from China in a bid to stave off any retaliation from the incoming Trump administration in Washington.  Less than a week after President Claudia Sheinbaum unveiled a plan to curb ...

“No Clear Evidence” that Vietnam Facilitates Chinese Exports to the U.S.: IMF

An investigation by the International Monetary Fund has found no clear evidence that Vietnam is used as a waystation to facilitate Chinese imports to the United States. The study examined backward trade linkages with China in Vietnamese exports to the United ...

India Sanctions Chinese Steel Imports, Further Straining Already Frayed Ties

Already strained Sino-Indian ties suffered another setback this week after New Delhi imposed tariffs on some Chinese steel imports as part of an effort to crack down on what it claimed was predatory pricing. The new five-year duties are specifically targeted ...

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 Trade With Africa Surged in First Quarter But Expected to Slow Dramatically

Chinese trade with Africa rocketed up 24.5% in the first three months of 2022 compared to the same time last year, according to the new data released by China's customs authorities. At a continental level, trade levels were characteristically balanced with Chinese ...