China: Forty-six Chinese-owned companies registered in Guinea-Bissau

China-Pak Economic Corridor: Why Gwadar Is An Overrated Port

2016/07/14 Having served in the Merchant Navy before joining the IAS, I can claim to have visited almost all the ports in the Persian Gulf, specially the oil terminals. At the height of Iran-Iraq conflict, we were picking up crude from Kharg, an Iranian island in the upper reaches of the Gulf, which is its major oil export point, just as Ras Tanura is for Saudi Arabia. So I claim an expertise in the area of analysing ports, specially from the point of view of logistics, and through my present calling, I can as well presently lay claim to considerate a bit of the strategic compass.

Pakistan working on Gwadar-China oil pipeline

2016/07/14 Pakistan is working on a plan to lay an oil pipeline from Gwadar to China for the export of crude and has given the task to national construction firm Frontier Works Organisation, say officials who are aware of the development. The pipeline will run from Gwadar Port to western China and will allow Beijing to diversify and speed up import of crude oil. Prime Minister Nawaz Sharif had floated the idea of constructing the oil pipeline during a visit to China.

Guangzhou’s 16,000 Africans hit by effects of China slowdown on home continent

2016/07/04 With few customers at his wholesale jeans store in Guangzhou these days, Nigerian trader Brien Chuks busies himself looking next his three-month old baby. “Last year I sold 12 shipping containers of jeans back to west Africa but this year I haven’t managed to fill a single one,” says Mr Chuks, who operates from the Canaan market in China’s third-biggest city, like a lot of other Africa-focused exporters. “The Nigerian economy depends on oil so with the crude price having fallen so low, business is very hard.” In a sign of the circularity in the world economy, the Africa-focused traders who have long thrived in Guangzhou are suffering because of a commodities-driven slump in their home continent that from presently on originated in China. At the same time as rapid Chinese increase pumped up prices of oil and metals, resource-rich parts of Africa thrived, buying additional consumer goods from Guangzhou. Presently the opposite has happened. Sitting in the midst of China’s manufacturing heartland, Guangzhou has long been a centre for trade with Africa.

United States sees China investment talks ‘productive’ after new offers

2016/06/20 Bilateral investment talks between the United States and China “continue to be productive,” the US Trade Representative’s office said on Friday next the two sides exchanged new offers this week. A USTR spokeswoman said US and Chinese negotiators exchanged revised “negative lists” of sectors that would remain off-limits from foreign investment as they try to reach a transaction for a bilateral investment treaty.