Via the South China Morning Post, a look at how China’s BYD has stepped up its globalization strategy with an electric-car plant in Uzbekistan targeting Central Asia: The Warren Buffett-backed carmaker’s joint venture UzAuto will start producing cars in the southeastern Uzbek city of Jizzakh from next year BYD will produce the Chazor compact EV and […]
Read more »Courtesy of the New York Times, a look at how China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden; China has cast itself as a neutral geopolitical player in the Middle East. It brokered a […]
Read more »Via Eurasia Review, a look at China’s efforts to court Afghan leaders: On September 13, China’s newly appointed ambassador to Afghanistan, Zhao Xing, arrived at the presidential palace in Kabul to present his credentials to the acting prime minister of the Islamic Emirate of Afghanistan, Mohammad Hassan Akhund. Uniformed Taliban members welcomed him to the […]
Read more »Via Nikkei Asia, a report on China’s renewed BRI pledge which comes as Xi Jinping’s globe-spanning infrastructure blitz turns decade old: China on Tuesday said it will ramp up the Belt and Road Initiative (BRI) as it turns a decade old, snubbing criticism that the globe-spanning investment blitz is a debt trap for developing nations. […]
Read more »Courtesy of The Financial Times, an article on U.S. concern with Chinese control over Peruvian infrastructure such as the power supply to Lima and a megaport serving Pacific Cosco at Chancay, 70km north of Lima, that will be capable of berthing some of the world’s largest cargo ships: The US has expressed concern to Peru […]
Read more »Via Bloomberg, a look at how China’s Temu is chipping away at the stranglehold that retailers such as Dollar General and Dollar Tree have over low-income and discount shoppers: Retail industry watchers are saying that Amazon.com Inc. has met its match with the viral popularity of online shopping app Temu. Owned by China’s PDD Holdings Inc., Temu […]
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