Tag: imports

Middle Eastern oil producers now account for 48.3% of China's oil buys in the first half of the year, according to the latest Chinese customs data. Saudi Arabia is the top provider, with 16.8% of the market in H1 2021, followed by Russia with 15.3%.

Years of illegal textile imports and low-cost replicas from China have decimated Africa's once-thriving textile manufacturing sector and labor unions across the continent are calling on the government to do something about it. At a recent meeting of IndustriAll Global Union ...

China's top diplomat for Sub-Saharan Africa, Wu Peng, revealed the final two-way China-Africa trade figure for 2020 that came in at $187 billion. All things considered given the massive economic disruptions that occurred last year in both ...

Chinese businesses are coming to Africa for "what they need" and are not challenging local enterprises in Nigeria and Africa more broadly, according to the founder and president of the Dangote Group, Alika Dangote, in an interview with the Nigerian business TV program "Moneyline ...

Chinese port activity increased in March in what many see as the first good news to come out of China's hobbled economy since the COVID-19 outbreak effectively shut down the economy last month. The container throughput at the eight of China's ...

It hasn't even been a month since Chinese president Xi Jinping was in South Africa for the triennial FOCAC confab where he unveiled a massive $60 billion financial package. Oh how those were innocent, halcyon days. There was a still ...

When Chinese president Xi Jinping arrives in Johannesburg to lead the upcoming Forum on China Africa Cooperation summit, he will be greeted as an old friend by his African counterparts. There will be smiles, the customary toasts to “win-win development” and a projection of confidence from both sides that ...