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Browsing: China
Xi Jinping has elevated the China-Africa friendship to its most significant level since Mao Zedong’s reign. With Xi getting a third five-year term and perhaps staying in power even longer, those relations will strengthen further. Thus, Africa will remain pivotal in China’s plans for global economic control.…
Policymakers must advocate for pooling resources to support the most affected, particularly in Africa. They can financially support and share land restoration and climate adaptation technologies. Collaborations to expand inclusion that can attain a new paradigm in climate change mitigation.
The leaders of the major polluting nations and donor countries, as well as the leaders of African nations—must commit to implementing policies, allocating resources, and taking the necessary actions to address the deteriorating climate situations globally.…
The signal coming from the CCP congress is that the world should not expect a change in policy against Covid anytime soon despite its important ramifications for the global economy. On the domestic front, the economy of China has not been doing well. Ever since its economy started to slow down, unemployment has been on the uptick, with at least 20% of young people in China said to be unemployed.
China is also in the throes of a housing crisis, with several large property developers on the brink of financial ruin and or bankruptcy. The case of the Evergrande Group is the most prominent. The property company rose to prominence by developing massive housing projects fueled by the availability of cheap credit from the government first and from private lenders.
The urbanization of China through the migration of citizens to urban areas drove demand for apartments. Developers eager to satisfy …
The rising commodity prices, surging inflationary pressures, and the contracting global financial situation have risked African trade and production capabilities. Moreover, the rising threat of sovereign defaults poses a severe risk to the growth of African trade. Thus, African trade prospects remain unclear, considering the challenging global economic scenario.
The Covid-19, energy and food shortages have hit with the countries having minimal or no policy space to respond. As a result, African countries have fallen into a real risk of debt distress and even possibilities for sovereign debt default.…
- Russia war on Ukraine worsening inflation in Europe
- US offers list of commitments to Asia in friend-shoring deal
- Africa needs to stand up to get a better friend-shoring deal
Balance of power is shifting globally, fueled by the corona pandemic and the Russia-Ukraine war, pre-existing trade wars between super powers China and US have only worsened; where does this shift of power and political rift leave Africa.
All the fighting is not good for business, unless of course your business is in military contracts. So many nations are, and understandably so, avoiding conflict regions and diverting their supply chains to friendly countries.
This shift in mode of doing business and the related trade channels has earned itself a title, pundits are calling it friend-shoring. It refers to a situation where friendly countries are forming trade alliances allowing for trade to take place along new routes and in so doing, reshaping …
In 2020, Wool was the world’s 653rd most traded product, with a total trade of US$2.5 billion. Between 2019 and 2020, Wool exports decreased by -31.4 per cent, from US$3.65 billion to US$2.5 billion. Trade in Wool represents 0.015 per cent of total world trade.
Wool is a part of fine or coarse animal hair, horsehair yarn, and woven fabric. They include greasy shorn wool, not carded or combed, Degreased shorn wool, not carded, combed, or carbonize, Carbonized wool, not carded or combed, Degreased wool, not carded, combed, or carbonized, and Greasy wool (other than shorn) not carded or combed. In 2020 the top exporters of Wool were Australia, South Africa, New Zealand, the United Kingdom, and Uruguay.
The fastest growing export markets for Wool of South Africa between 2019 and 2020 were China, Eswatini, and Uruguay. In April 2022, South Africa’s Wool exports accounted for up to ZAR205 million, …