Via The Frontier Post, a report on China’s effort to widen a South America trade highway with a Silk Road mega port in Peru: In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on the Pacific coast, promising to […]
Read more »Via CNN, an article on how Hungary and Mexico could help BYD crack the global market: More than 5,000 electric vehicles were loaded onto a giant shipping carrier in China this week and sent to ports in Europe. The cars come from BYD, the Chinese carmaker that is backed by Warren Buffett and has surpassed Tesla as […]
Read more »Courtesy of The Financial Times, a report on BYD’s plans to invest $1.3bn in its sixth overseas factory as it aims to expand global footprint: BYD is to invest $1.3bn in an electric vehicle factory in Indonesia, after the Chinese carmaker unveiled three new battery models for sale with the aim of becoming Indonesia’s biggest […]
Read more »Via Semafor, a report on the world’s fastest growing phone maker: Transsion, the top smartphone seller in Africa, posted the highest annual growth in smartphone shipments in 2023 of the top five phone makers in the world. The Shenzhen, China company shipped 95 million units of smartphones last year, 30.8% more than it did in 2022, according […]
Read more »Via The Diplomat, a look at the Maldives relationship with China and India: President Mohamed Muizzu’s recent visit to China signals a significant shift in the Maldives’ foreign policy, one that is overtly tilted in favor of Beijing. The shift came amidst a visible fraying in India-Maldives relations in recent weeks. In China, Muizzu expressed strong commitment […]
Read more »Courtesy of The Diplomat, a look at how – a decade on – Montenegro faces crippling economic challenges and environmental degradation from the ambitious (and still incomplete) highway project: Conceived and planned a decade ago under a near billion dollar Belt and Road Initiative (BRI) loan by the Export-Import Bank of China, and built by […]
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