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 […]
Read more »Via South China Morning Post, an article on revived hopes for a Bay of Bengal deep water port: Renewed push for Citic-led project in Rakhine state comes amid continued clashes between ethnic rebel groups and the ruling Myanmar junta Port expected to allow Beijing to bypass South China Sea for oil imports is cited as […]
Read more »Courtesy of Bloomberg, a look at how China has spent more than double the cost of the Three Gorges Dam on building a futuristic megacity. But will people come? In 1979, Deng Xiaoping drew a circle on the map around China’s southern coast and created Shenzhen, an experiment in capitalism, according to a popular ode to the […]
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