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China Will Import More Goods From Africa to Address Trade Imbalances, Says Commerce Vice Minister

The Vice Minister of China's powerful Commerce Ministry, Qian Keming, said Beijing will open its market to more African goods in an effort to redress the severe trade imbalances that China maintains with most African countries. Qian ...

Africa Accounts For Just 1.7% of China’s Total Global Investment Stock, Says MOFCOM

Even amid the pandemic, Chinese investment overseas last year increased by 12.3% to $153.71 billion, according to a new report published last week by the Ministry of Commerce, National Bureau of Statistics, and the State Administration of Foreign Exchange. 2.8% of ...

More Details on How Germany’s Siemens Outbid Chinese Contractors to Win the Red-to-Med High-Speed Railway in Egypt

This week's news that the German company Siemens outbid Chinese and French contractors to build the new Egyptian high-speed railway that will go from Ain Sukhna on the Red Sea to the Mediterranean port city of Marsa Matruh took some by surprise, given how dominant Chinese ...

New Guidelines Suggest Chinese Government Wants Companies to Be Greener When Investing Abroad

The Chinese government appears to be taking much more concrete steps in promoting more environmentally sustainable foreign direct investment. Two of the country's largest ministries, the Ministry of Commerce and the Ministry of Environment and Ecology, jointly published ...

China’s Commerce Ministry Formally Congratulates Ngozi Okonjo-Iweala on Her Appointment as New WTO Head

The Chinese Ministry of Commerce on Monday officially congratulated Nigerian-American Ngozi Okonjo-Iweala on her appointment to become the next Director-General of the World Trade Organization.  This was widely expected given that Beijing was among Okonjo-Iweala's more enthusiastic supporters, particularly ...

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 ...

All Things Considered, 2020 Wasn’t a Terrible Year For China-Africa Trade

China's Ministry of Commerce (MOFCOM) released some updated figures last week on trade with Africa that tell a much more positive story than many would have assumed, given the sizable economic disruptions brought on by the COVID-19 outbreak. Total two-way trade ...

The Chinese Are Changing Course in Africa

With the rise of the Belt and Road over the past several years, China's dependence on Africa for raw materials has been steadily diminishing. 15-20 years ago when China first embarked on its "Going Out" agenda, the barriers to entry into most African markets were low and ...

“China Needs to Increase Transparency,” says Ministry of Commerce Researcher

China's Ministry of Commerce (MOFCOM) blamed heightened nationalism, protectionism and populism among U.S. and European governments for the growing lack of trust among Africa's international creditors.  "While China is actively promoting the implementation of the G20 "debt relief initiative," Western countries ...