Browsing Tag

Chinas

Top 10 African Nations Benefiting Most from China’s Aid

On the vast African continent, the spotlight often shifts between different global players vying for influence. China, long regarded as a formidable competitor, is frequently mentioned when discussing the power dynamics in Africa. But can it actually surpass the United States as the leading provider of aid to Africa? The answer is a bit more complex, woven through economic, political, and strategic layers. China's financial footprint in Africa has grown substantially in recent years. With massive…

China’s Ban on Livestock Imports Sparks Economic Concerns for Somalia

In the sprawling and untamed landscapes of Somalia, livestock isn't just a commodity—it's the lifeblood of the economy. Picture this: a whopping 70% of the country's exports are tied to camels, goats, cattle, and sheep. It's a pastoral symphony harmonized around the rhythm of animal trade. But as serene as it sounds, this melodious arrangement hit a discordant note in 2023, when nearly $1 billion flowed primarily into Saudi Arabia's coffers from Somali livestock exports. However, this paradise of pastoral profits faces a…

Somalia Initiates China’s Landmine Clearance Program for Africa

MOGADISHU, (CAJ News) – Somalia stands poised to become the trailblazer for China’s freshly unveiled "Action for a Mine-free Africa" mission. President Xi Jinping announced this ambitious plan amid much fanfare during his pivotal address at the commencement of the Beijing Summit, part of the Forum on China-Africa Cooperation (FOCAC). A key milestone for Somalia was marked by discussions between Wang Yu, the Chinese Ambassador, and Abdullahi Sheikh Ismail (Fartaag), Somalia's Minister of Internal Security. The purpose is to…

Biden Administration Introduces New Shipping Regulations Aimed at China’s Shein and Temu

MINNEAPOLIS, Minn (AX) — "The Biden administration just rolled out fresh rules to tackle the flood of bargain-basement shipments from China, especially targeting online retail behemoths Shein and Temu," the Associated Press reported. This new directive sets its sights on closing gaps in the "de minimis" exemption, which currently allows goods under $800 to bypass U.S. tariffs and extra fees. The changes could profoundly affect Chinese e-commerce firms banking on low-cost, direct-to-consumer shipping to snag a foothold in the…

Former minister says China’s manufacturing remains to be insufficient

Former minister says China's production is still inadequate China is at least 30 years away from becoming a "superpower" manufacturing nation, a former industry minister said on Sunday, despite boasting the world's most complete industrial supply chains. In recent years, China has become the world's leading manufacturing nation, accounting for over a third of global production,…

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