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WEEK IN REVIEW: China to Shift to a Massive-Scale Consumption Economy – China’s Premier Li Qiang

The Taiwanese tech company Foxconn, a major assembler of Apple products, received approval from Taiwan’s regulator for a $2.2 billion investment in facilities in India and the U.S. The Department of Investment Review in Taiwan’s Ministry of Economic Affairs also approved a $1.49 billion investment in a subsidiary ...

Foxconn to Expand India Focus With $1.5 Billion Investment

Key iPhone maker Foxconn is making a $1.5 billion investment to expand its focus on India as Apple looks to mitigate geopolitical and tariff risks by shifting production away from China. The Taiwanese tech giant said its Singapore-based subsidiary had picked ...

Work to Resume at India iPhone Plant After Factory Fire

An Indian factory producing iPhone components was resuming work on Thursday after a fire halted production. This is the third blaze to disrupt Apple's local supply chain since the start of last year. India has pitched itself as an emerging manufacturing ...

iPhone Maker Foxconn to Invest $1.5 Billion in India as It Looks Beyond China

As it looks to build beyond China, Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill “operational needs,” the Apple supplier said Monday. Foxconn, based in Taiwan, has significant operations in mainland China. Foxconn’s factories ...

WEEK IN REVIEW: ASEAN Kicked off First-Ever Joint Naval Drills in South China Sea on Tuesday

The Association of Southeast Asian Nations (ASEAN) kicked off its first-ever joint naval drills in the South China Sea on Tuesday near Indonesia's Nantuna island. The five-day exercise comes at a sensitive time when many ASEAN members are locked in bitter maritime territorial disputes with China. 

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 ...

Why Did Taiwan’s Foxconn Exit Indian Chip Deal? Chinese Columnist Drops Some Gossip

Earlier in July, the Taiwanese contract electronics maker Foxconn, one of Apple’s largest suppliers, announced it was pulling out of a $19.5 billion deal to produce semiconductors in India. The joint venture between Foxconn and the Indian mining and metals firm Vedanta ...

China Plans Supply Chain Expo As ‘Derisking’ Scambles Firms’ Investment, Manufacturing Plans

China will hold a supply chain-focused expo in November, aimed at protecting its unique status as the world’s workshop. The China International Supply Chain Expo will feature more than 300 international exhibitors, including companies from the United States. The five-day event 

With Apple Reducing Its Manufacturing Dependence on China, Why is So Much Going to Asia and So Little to Latin America?

Apple is reportedly moving faster to relocate more of its production to countries outside China and reduce its longtime dependence on Taiwan-based contract manufacturing giant Foxconn. Eventually, the Cupertino-based electronics giant aims to ship 40-45% of iPhones from ...

Apple’s Plan to Shift More Manufacturing From China to Elsewhere in Asia Takes Shape

Since the beginning of the year, there's been a steady drip of news coming from Apple about its plans to gradually end its decades-long reliance on China to manufacture the bulk of the company's products. First, there was word that 

WEEK IN REVIEW: United States Marine General Michael Langley Took Over as the Top U.S. Commander for Africa on Tuesday

United States Marine General Michael Langley took over as the top U.S. commander for Africa on Tuesday, heading U.S. military operations on the continent.  General Langley assumed command from Army General Stephen Townsend who was among the U.S. government's most outspoken critics of China's expanding influence in Africa, particularly on ...

WEEK IN REVIEW: The First Meeting of the Zambia Creditor Committee to Convene in Paris this Week

The first meeting of the Zambia Creditor Committee, co-chaired by China and France, will convene on Thursday in Paris. IMF officials indicated on Wednesday that if everything proceeds smoothly with restructuring the country's $17.3 billion external debt, a bail-out deal with the fund could be reached by early ...