Related Posts

Chinese Exports to Africa Soar

The flow of Chinese goods to African countries has increased markedly as trade barriers rise elsewhere. Exports are reportedly up 25% year-on-year to $122 billion, more than the whole of 2020, and total exports to the continent are expected to pass the $200 billion mark this ...

China Eyes Yuan Stablecoins to Expand Global Currency Role

China is considering allowing the launch of yuan-backed stablecoins for the first time, in what would mark a significant shift in its approach to digital assets and a new step in efforts to expand the currency’s global reach.

When Ideology Meets Inflation, Argentina’s Milei Turns to China

The cry “Cambio! Cambio! Cambio!”  rings out along Calle Florida, the bustling commercial artery of Buenos Aires. Dozens of unofficial money changers—many of them migrants from Chile, Venezuela, and Bolivia—line the street, calling out to passersby. They offer mercado azul, or the “blue market” exchange rates, trading ...

China Floats Ideas for “Multipolar” Currency System to Balance U.S. Dollar

China announced several new initiatives aimed at increasing global trade in the yuan and to hedge against the dominance of the U.S. dollar. Pan Gongsheng, the governor of the People’s Bank of China, proposed a future where the global financial system would rely on several currencies.

WEEK IN REVIEW: Wang Yi Meets Over 50 African Envoys on Africa Day

Brazilian prosecutors announced they are suing the Chinese carmaker BYD and two of its contractors for slave-like labor conditions. Prosecutors in Bahia state are seeking about $50 million in damages from BYD, China JinJiang Construction Brazil, and Tecmonta Equipamentos Inteligentes. The suit follows a complaint last year that ...

Analysis from Cobus van Staden

Plugging into African Agency

After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...

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 ...

Offshore Yuan Hits Historic Low on U.S.-China Trade Tensions

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 ...

WEEK IN REVIEW: Marcos Rules Out Navy Deployment in South China Sea

Australia and the Pacific nation of Nauru announced a landmark security treaty on Monday, advancing Canberra’s aim of blunting China’s growing regional influence. Under the treaty, Nauru must seek Australia’s agreement before it inks any other bilateral deals concerning maritime security, defense, and policing. (AGENCE ...

China is Increasingly Determined to “De-Dollarize” Its International Trade

When Prime Minister Anwar Ibrahim went to Malaysia's parliament this week to brief lawmakers on his recent trip to China, he emphasized his discussions with President Xi Jinping about transitioning away from relying solely on the U.S. dollar for trade. “There ...

Mixed Views in the Chinese Discourse About the Rise of the Yuan and Fall of the Dollar

A similar split of opinions exists in China as in the West between experts who see greater yuan internationalization economically and those who frame the issue in geopolitical terms. These differences of opinion are playing out this week across different Chinese ...

WEEK IN REVIEW: Namibia Is Emerging as a Key Lithium Producer for the Chinese Market

Namibia is emerging as a key lithium producer for the Chinese market. In August, 25,000 tons of the strategic metal were shipped from the Port of Walvis Bay with another 50,000 tons prepped to leave later this month. Namibian authorities also want to position Walvis Bay as a ...

The ‘Anti-Dollar Axis’: An Unlikely Alliance

By Saniya Kulkarni Although the UN General Assembly resolution condemning Russia’s aggression in Ukraine was passed with 141 votes in favor, the 35 abstentions, primarily from states in the Global South, but especially those by powers like China, India, and South Africa, ...
Page 1 of 212