Beijing’s role in Africa’s financial landscape has undergone a dramatic transformation, with new research showing that China has shifted from being the continent’s largest bilateral lender to a net debt collector. Africa went from receiving $30.4 billion in net financial flows from China between 2010 and 2014 to paying out $22.1 billion in net […]
China says it will not accept the U.S.’ “theft” of a Chinese technology company, state media reported on Tuesday. The Trump administration’s pressuring of ByteDance, TikTok’s parent company in China, to sell its U.S. operations to Microsoft or risk closure amounts to a “smash and grab,” the state-run China Daily newspaper wrote in an editorial. […]
Beijing lifted several lockdowns imposed to control a fresh coronavirus outbreak and reported just three new cases in the city on Wednesday, raising hopes that the cluster had been brought under control. The Chinese capital had closed off dozens of residential compounds and carried out mass testing last month after hundreds of infections raised fears […]
China’s top legislative body approved a national security law for Hong Kong on Tuesday in a move expected to raise tensions between Beijing and foreign governments. Tam Yiu-chung, Hong Kong’s sole representative to the National People’s Congress Standing Committee, confirmed the law’s passage in an interview broadcast by Hong Kong broadcaster RTHK. Tam said the […]
China will not set an economic growth target for the first time in 2020, Premier Li Keqiang confirmed at the National People’s Congress on Friday in Beijing. The move was expected in some quarters, with the economy having contracted by 6.8 per cent in the first quarter of 2020 compared to a year earlier, under […]
The Chinese capital of Beijing will set up a new mask factory within just six days to meet soaring demand for protective gear in the wake of the coronavirus outbreak, the official Xinhua news agency said on Monday. The factory, to be converted from an industrial building by China Construction First Group, will be able […]
International experts dispatched to Beijing by the World Health Organization (WHO) have started to discuss with their Chinese counterparts the epidemic of the new coronavirus, the spread of which is “impossible to predict”, the agency announced on Sunday evening of ONU. “We look forward to this important and vital collaboration contributing to global knowledge of […]
The Chinese capital Beijing on Friday imposed a 14-day self-quarantine on people returning to the city from holidays to prevent the spread of the new coronavirus, and threatened to punish those who failed to comply. It was not immediately clear how the restriction, relayed by the official Beijing Daily newspaper, would be enforced, or whether […]
Asian stocks and the pound gained on Tuesday as investors held out hope that Britain still had a chance of avoiding a messy exit from the European Union (Brexit) at key negotiations this week. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent. Australian shares were up 0.17 per cent, while […]
Strife-torn Hong Kong marked the 70th anniversary of communist China’s founding with defiant “Day of Grief” protests on Tuesday as pro-democracy activists ignored a police ban and took to the streets in multiple neighborhoods. The international finance hub is on edge as protesters vow to overshadow Beijing’s festivities, stepping up their nearly four months of […]
The African Export-Import Bank (Afreximbank), has opened registration for the 2019 Annual Meetings which will be held in Moscow. Afreximbank, in a statement by Adaeze Anyaoku on Thursday, which was obtained by the Daily Times, said that the announcement was made in Cairo urging intending participants for the meetings, dubbed AAM2019, to register by visiting […]
President Muhammadu Buhari has disclosed in Beijing, China, that as a beneficiary of free and fair elections, he is not afraid of a credible process in 2019. Buhari also reaffirmed his commitment to making sure that the 2019 polls, under his watch, will be credible. Speaking at an interactive session with members of the Nigerian […]
US President Donald Trump has lavished praise on Chinese leader Xi Jinping, a marked contrast to his previous criticism of China on the flashpoint issues of North Korea and trade. But he also urged Mr Xi to “work very hard” on persuading North Korea to denuclearise. On China’s trade surplus, Mr Trump surprised many when […]