Chines President XI Jinping on Thursday said he and his Russian counterpart Vladimir Putin are in agreement over strengthening coordination in international affairs. The central task in China-Russia ties is to translate the high-level political relationship into more pragmatic cooperation and coordination in international affairs, Xi told visiting Sergei Naryshkin, head of the State Duma, […]
Increasing Global Competition
Kenya Bets on U.S. AGOA Agreement to Grow Apparel Exports
Kenyan apparel exports could grow by 5 percent this year to $400 million after the extension of a preferential U.S. trade deal with African nations, according to an industry body. East Africa’s biggest economy exported clothing worth $380 million in 2015, when the U.S. extended its African Growth and Opportunity Act agreement by a decade, […]
AIIB and World Bank to work on joint projects
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. The Asian Infrastructure Investment Bank has struck an agreement to undertake joint projects with the World Bank as the China-led institution attempts to counter the perception that it is a rival to […]
Global Infrastructure Development
China’s recent global infrastructure development initiatives serve to place it at the center of Asian regional and worldwide economic activity, while also meeting a critical need in the developing world. In marked contrast, the United States lacks a strategic approach to supporting global infrastructure investment. While the U.S. government does have the instruments in place to increase […]
ECA Chief Formalizes Partnership With China to Promote Africa’s Transformation
Addis Ababa — The Chinese ambassador to Ethiopia, Kuang Weilin, will henceforth serve as China’s Permanent Representative to the Economic Commission for Africa (ECA). While presenting his credentials today to ECA’s Executive Secretary, Carlos Lopes, Ambassador Kuang said he was glad to be the first Permanent Representative of China to ECA, and that China counts […]
Asia and Latin America Look to Strengthen Trade, Financial Ties
There is great potential to deepen trade and financial linkages between Asia and Latin America, and implementing the right policies will be key to a successful partnership, conference participants said. The March 3 conference, entitled “Economic Linkages between Asia and Latin America: Opportunities, Challenges, and Policies,” noted that trade and financial ties between Latin America […]
China to expand skills programme to Africa
Under the arrangement, some of the African nationals will travel to China while others will be trained locally. Keen to strengthen relations with Africa, China will over the next three years train at least 200,000 African professionals in skills-based fields. Ambassador Lin Songtian, the director general of African Affairs at China’s foreign affairs ministry revealed […]