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Africa

China-Africa ties grow stronger amid Covid-19 challenges | Source: IOL

AFRICAN ministers and their Chinese counterparts will gather in Senegal of West Africa later this month to strength relations to provide the support for economic reopening and recovery in Africa. China has built and is building in Africa more than 10 000 km of railway lines, nearly 10 000km of roads, 120 000 megawatts of power-generating capacity, 150km of backbone network lines, and more than 400 medical facilities. China has remained Africa’s largest trading partner for 12 consecutive years.

Source: IOL


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Sin categoría

Saudi Arabia and Russia Agree on Second Phase of Cooperation | Source: Alriyadh daily

Both countries agreed on the second phase of the roadmap to implement the high-level  Saudi-Russian strategic cooperation framework, which was signed in Riyadh in October 2019. They focused on energy, economy, and natural resources, among others.

Source: Alriyadh daily


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Geoeconomics

EUROPE

EUROPE:

  • The European Union has unveiled a plan to cut its dependency on Chinese and other foreign suppliers in six strategic areas like raw materials, pharmaceutical ingredients and semiconductors after the pandemic-induced economic slump.

SOURCE: TRT


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Geoeconomics

EUROPE:

EUROPE:

  • The European Union is planning to tighten the foreign investment rules in the bloc to make sure that local producers and industries are no longer undercut by non-EU investors that have faced slacker rules up to now. The plans will surely affect China, which has invested heavily in Europe.

SOURCE: AP NEWS


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