The China Africa Project
07.17.19Where is the Evidence of Debt Traps in Africa?
To discuss accusations that China engages in so-called “debt trap diplomacy,” Eric and Cobus spoke with Deborah Brautigam, a Johns Hopkins University Professor and Director of the China-Africa Research Initiative in Washington, D.C. The “debt trap”...
Conversation
04.24.19Is This the End of Belt and Road, or Just the Beginning?
On April 25-27, China’s government will host the leaders of dozens of countries to celebrate the Belt and Road Initiative (BRI), the signature foreign policy program of Xi Jinping. Since its founding in October 2013, the BRI now covers more than 150...
The China Africa Project
08.29.18Is This Really the Best Time for a China-Africa Summit?
Does it still make sense for China to put on big, expensive mega-summits with African leaders, like FOCAC, which will take place in Beijing in September? Facing a slowing economy and a potentially devastating trade war with the U.S., maybe China is...
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08.09.18Huge Increase in Chinese Aid Pledged to Pacific
Guardian
Australia has traditionally been the most significant donor to the Pacific, but in 2017 China committed to spending more than four times as much as Australia, data from the Lowy Institute thinktank published today shows.
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08.07.18China Has Outspent the US by $24 Billion in 5G Technology since 2015, Study Shows
CNBC
China has in recent years outspent the U.S. by $24 billion in the area of next-generation mobile internet technology known as 5G, potentially creating a "tsunami" that will be difficult to catch up with,...
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07.26.18China Hasn’t Delivered on Its $24 Billion Philippines Promise
Bloomberg
Of the 27 deals signed between China and the Philippines during Duterte’s visit to Beijing in October 2016, China originally agreed to provide $9 billion in soft loans, including a $3 billion credit line with the Bank of China, with a further $15...
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07.25.18China and India Launch Investment Spree in Africa Ahead of Key Summit
CNBC
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi have continued to lend in tandem to African countries ahead of a major emerging markets summit in Johannesburg, South Africa, beginning on Wednesday.
The China Africa Project
06.08.18Somalia Aims to Be Heard at Upcoming China-Africa Mega Summit
Around 50 African leaders are expected to be in Beijing in September for the upcoming Forum on China-Africa Cooperation (FOCAC) summit. While Africa’s largest and most strategically important countries will likely do very well, receiving huge...
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05.29.18Trump Announces Tariffs on China, Tech Crackdown Ahead of Key Trade Meeting
Washington Post
Trump slaps $50B tariffs as Commerce Secretary is due to arrive in Beijing on Saturday for talks.
ChinaFile Recommends
04.05.18Anti-China Tilt in Australia Is Shortsighted
Bloomberg
In Australia, Chinese investment is small, but feels large.
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02.05.18Chinese Capital Controls Hit Silicon Valley Tech Investors
Financial Times
Chinese technology investors in Silicon Valley are being thwarted by the country’s capital controls, in a sign of the unintended consequences of Beijing’s move last year to curb cash outflows.
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01.30.18Theresa May Declines to Endorse China’s Belt and Road Initiative
Financial Times
UK prime minister to raise concerns on visit aimed at boosting trade ties.
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01.04.18The China Trade War Has Already Begun: CEO Daily for January 4, 2018
Fortune
Gordon Orr, director emeritus of McKinsey and long-time China hand, wrote recently that many Chinese investors now “simply assume that they could not get approval for investment in the United States, and so won’t try.”
The China Africa Project
01.03.18Industrial Parks Are Africa’s Latest Gamble to Lure Chinese Manufacturers
Freelance journalist William Davison joins Eric and Cobus to discuss his reporting from the Hawassa Industrial Park in Ethiopia, which is the latest high-stakes gamble taken by a number of African countries to lure Chinese manufacturers. Officials...
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12.27.17Geely Buys Stake in Volvo Trucks, despite China Restrictions
New York Times
China’s government has made it harder to move money overseas. It has said it would punish companies for investing in certain sectors. It has told firms to report all cross-border deals.
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12.14.17Latin America Needs a China Strategy
Bloomberg
To judge by the pomp and shuttle diplomacy, Latin America and China are best of friends.
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11.15.17‘Bloodless’ Takeover ‘Won’t Dampen’ Chinese Investment in Zimbabwe
South China Morning Post
China will continue to invest in its “all-weather friend” Zimbabwe despite a military takeover of the African country’s government, observers said.
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10.20.17China’s Skewed Sex Ratio Makes President Xi’s Job a Lot Harder
Quartz
As odd as it sounds, China’s economic policy is being held hostage by its heavily skewed sex ratio.
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10.12.17China’s Tightening Grip on Tech Giants: DealBook Briefing
New York Times
If the Chinese government goes through with a plan to gain board seats at some of its country’s top technology players, will that cause problems when those companies go hunting for deals overseas?
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08.28.17China Is Investing $57 Billion into Pakistan
Fortune
Chinese entrepreneurs are looking to explore opportunities in Pakistan, where Beijing has pledged to spend $57 billion on infrastructure projects as part of its “Belt and Road” initiative.
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08.24.17Balance of Power: China Extends Its Reach
Bloomberg
President Xi Jinping is spending more than $50 billion in an economic corridor in Pakistan, Afghanistan’s neighbor. The highways and gas pipelines, designed to provide China an alternative land route to the high seas, also give it an interest in...
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08.02.17U.S. Cinema Chain AMC's Shares Plummet 25% on Profit Warning in Latest Setback to China's Wanda Group
South China Morning Post
Troubled Chinese real estate conglomerate Dalian Wanda Group has received another setback after shares of its U.S. cinema subsidiary, AMC Entertainment Holdings, plummeted 25 percent on Tuesday after it issued a profit warning for the second quarter.
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07.18.17China Is Increasingly Becoming Key For Israel’s High-Tech Industry
CNBC
Israel has laid out the welcoming mat to Chinese companies and investors who may face more troublesome regulations and scrutiny elsewhere.
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06.05.17Russia and China Are Bulking Up in the U.S.’s Backyard
Bloomberg
Putin and Xi are working to win over small, poor countries with promises of aid, military support, and investment, even as Trump scales back.
The China Africa Project
05.10.17China Appears to be Losing Interest in Africa
Beijing-based investment attorney Kai Xue joins Eric and Cobus to discuss why he thinks Africa is no longer appealing to Chinese companies. Kai Xue is a longtime Sino-African affairs analyst and carefully monitors trade, foreign direct investment,...
Caixin Media
05.05.17Belt and Road: A Symphony in Need of a Strong Conductor
In just a few weeks, the Chinese president will host the Belt and Road summit—Xi Jinping’s landmark program to invest billions of dollars in infrastructure projects across Asia, Africa, and Europe. Reactions to the project have been, understandably...
The China Africa Project
04.26.17The U.N.’s Role in China’s African Development Agenda
China’s embrace of multilateral diplomacy in Africa is a relatively new phenomenon. For years, Beijing rejected the Western aid model, preferring instead to work bilaterally with African governments where they often employed aid (or infrastructure)...
The China Africa Project
04.14.17China Conducts Foreign Policy in Africa without Judgment
In this edition of the China in Africa podcast, we pull the focus back to look at China’s rapidly evolving foreign policy agenda in this new era of Western populism led by Donald Trump in the United States.François Godement, Director of the Asia and...
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04.07.17China Tech Investment Flying under the Radar, Pentagon Warns
New York Times
China is investing in Silicon Valley start-ups with military applications at such a rapid rate that the United States government needs tougher controls to stem the transfer of some of America’s most promising technologies, a Pentagon report says.
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04.03.17Xiongan District Becomes Hot Property in China
BBC
A sleepy district in Hebei province has suddenly become the center of China’s latest property craze and the talk of the country.
The China Africa Project
03.31.17China Spends Billions in Egypt to Woo the Middle East
Saudi King Salman bin Abdulaziz’s recent state visit to Beijing is the latest evidence that China is maneuvering to play a bigger role in the Middle East and Persian Gulf. The two countries reportedly signed deals worth upwards of $65 billion during...
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03.29.17China Should Learn the Golden Rule
Bloomberg
The truth is that Chinese companies looking to invest abroad are treated now—as they’ve been for years—far better than China treats foreign investors.
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03.28.17China’s Tencent Bought A 5 Percent Stake in Tesla
Re/code
Tencent, a Chinese internet giant, is also an investor in Chinese ride-hail player Didi Chuxing.
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03.27.17China State Firms Eye Land around Panama Canal: Waterway Authority
Reuters
Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China’s outward push into infrastructure via railways and ports around the world.
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03.23.17As China’s Li Visits Down Under, Trump on Australian PM Turnbull’s Mind
CNBC
Australian Prime Minister Malcolm Turnbull is expected to keep his relationship with the U.S. in close focus as China’s Li Keqiang becomes the first Premier in eleven years to visit Down Under.
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03.21.17China May Set New Rules to Curb ‘Irrational’ Outbound Investment This Year
Fortune
China this year may publish rules on outbound investment by Chinese firms that would spell out the sectors in which investing is encouraged and those where it is restricted, state media reported on Tuesday.
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03.20.17Viacom’s Paramount Rejected in Potential $1 Billion Film Deal with China
MarketWatch
Viacom’s Paramount Pictures movie unit has failed to strike a deal with two Chinese groups to receive $1 billion in financing for a fresh series of films, according to several Hollywood sources who spoke to The Post.
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03.12.17After $225 Billion in Deals Last Year, China Reins In Overseas Investment
New York Times
On Saturday, in the strongest public signal yet that Beijing is changing course, China’s commerce minister castigated what he called “blind and irrational investment.”
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03.02.17Mega-Mansions in this L.A. Suburb Used to Sell to Chinese Buyers in Days. Now They’re Sitting Empty for Months
Los Angeles Times
At $9.8 million, the recently built property is a relative bargain. A similar-sized home in Beijing would cost twice as much. Yet two months after it was placed on the market, the house remains unsold. Not long ago, real estate like this would have...
Viewpoint
03.01.17Is the U.S.’s Withdrawal China’s Gain in Latin America?
Latin Americans can’t afford to wait four years to see when the United States will be willing to have an honest and reciprocal conversation about economic prosperity in the Western Hemisphere. Luckily for the U.S.’s southern neighbors, over the past...
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02.28.17China Capital Crackdown Threatens Wave of Overseas Buyouts
Financial Times
Delay in Wanda’s $1bn takeover of Golden Globes producer signals shift in Beijing
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02.14.17Inflation in China Is Heating Up Fast
Business Insider
Chinese inflationary pressures went up a cog in January, led by another enormous surge in producer price inflation (PPI).
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02.10.17China’s Quota on Hollywood Film Imports Set to Expand, State Media Says
Hollywood Reporter
After an “extremely cordial” call between President Trump and Chinese leader Xi Jinping, a government-backed news outlet projected an expansion to China’s film quota and a greater share of box-office revenue for Hollywood studios.
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02.09.17Here Are Five Ways China’s New Silk Road Is Good for Western Companies
Forbes
China’s One-Belt-One-Road initiative is the most ambitious infrastructure project in history. Referred to as “OBOR,” this immense network of planned highways, railways, energy grids and port facilities will create economic corridors between 65...
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02.08.17Joyous Africans Take to the Rails, With China’s Help
New York Times
China, which designed the system, supplied the trains and imported hundreds of engineers for the six years it took to plan and build the 466-mile line. And the $4 billion cost? Chinese banks provided nearly all the financing.
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02.02.17As Trump Sows Tensions with Mexico, Beijing May Reap Rewards
CNBC
As President Donald Trump wages a public and bellicose battle with the Mexican government, China may emerge as the victor.
ChinaFile Recommends
01.20.17China’s Latest Hollywood Move: Pumping $1B into Paramount Movies
CNN
Paramount Pictures has announced a $1 billion financing deal with two Chinese firms, strengthening the U.S. studio's ties with a lucrative but difficult market.
Conversation
01.18.17U.S.-China Flashpoints in the Age of Trump
Over the past year, Donald Trump has vowed to “utterly destroy” ISIS, considered lifting sanctions on Russia, promised to cancel the Paris climate agreement and “dismantle” the Iran nuclear deal. But many of his most inflammatory statements are...
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01.18.17First Freight Train from China to Britain Arrives in London
Reuters
The first China-to-Britain freight train arrived in London on Wednesday after a 7,500-mile journey, marking a milestone in China’s push to build commercial links across Europe and Asia.
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01.17.17Welcome to an Emerging Asia: India and China Stop Feigning Friendship while Russia Plays All Sides
Quartz
After a few timid signs of warming, Sino-Indian relations seem to be headed for the freezer.
ChinaFile Recommends
01.13.17China Overseas Investment Spree Set to Run Out of Steam
Wall Street Journal
A government think tank predicts China’s direct investment overseas, after years of robust gains, is likely to decline in 2017
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01.11.17China’s Money, China’s Blue Helmets for Africa
Deutsche Welle
It’s not just about raw materials anymore. China’s expanding influence in Africa poses risks to European interests, but it offers opportunities as well.
ChinaFile Recommends
01.05.17How Chinese Entrepreneurs Can Help Trump ‘Make America Great Again’
South China Morning Post
Edward Tse says Chinese investment and job creation are just what the US economy needs to sharpen its edge, not isolationism and trade wars
ChinaFile Recommends
01.03.17Chinese Access to U.S. Semiconductor Industry May Be Curbed
Wall Street Journal
The Obama administration is finalizing a study that could lead to restrictions on Chinese investment in the U.S. semiconductor sector.
Reports
01.01.17Record Flows and Growing Imbalances
Mercator Institute for China Studies
Foreign direct investment (FDI) has become an increasingly important part of the E.U.-China economic relationship. European companies have invested hundreds of billions of euros into the Chinese economy since the 1980s, and have made big bets on...
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12.30.16While the Rest of the World Retreats, China Expands Investments in Arab World
Huffington Post
As chaos consumes large portions of the region, Beijing is sending in cash
ChinaFile Recommends
12.23.16The New Scramble for Africa: How China Became the Partner of Choice
Guardian
In 2014 alone China invested £56 billion in African infrastructure. But is this colonialism in another guise?
Books
12.20.16The Beautiful Country and the Middle Kingdom
From the clipper ships that ventured to Canton hauling cargos of American ginseng to swap for Chinese tea, to the U.S. warships facing off against China’s growing navy in the South China Sea, from the Yankee missionaries who brought Christianity and education to China, to the Chinese who built the American West, the United States and China have always been dramatically intertwined. For more than two centuries, American and Chinese statesmen, merchants, missionaries, and adventurers, men and women, have profoundly influenced the fate of these nations. While we tend to think of America’s ties with China as starting in 1972 with the visit of President Richard Nixon to China, the patterns—rapturous enchantment followed by angry disillusionment—were set in motion hundreds of years earlier.Drawing on personal letters, diaries, memoirs, government documents, and contemporary news reports, John Pomfret reconstructs the surprising, tragic, and marvelous ways Americans and Chinese have engaged with one another through the centuries. A fascinating and thrilling account, The Beautiful Country and the Middle Kingdom is also an indispensable book for understanding the most important—and often the most perplexing—relationship between any two countries in the world. —Henry Holt{chop}
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12.13.16China’s Richest Man Threat to Trump ’Should Things Be Handled Poorly’
Quartz
Wang Jianlin says 20,000 American jobs and $10 billion in investment are at stake
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12.13.16Is Latin America of Strategic Importance to China?
Diplomat
For China, Latin American countries will be a key part of its bid to influence global governance