Day: August 10, 2021

China’s Presence in Africa Is at Heart Political

Chin@Strategy

  Advertisement   For all the talk of China’s growing presence in Africa, its economic engagement is surprisingly limited. In 2020, Africa accounted for 4 percent of China’s trade with the world (4.4 percent for its exports and 3.6 percent for its imports). In 2019, the continent accounted for just 2.9 percent of Chinese direct investment flows in the world. Since Africa is made up of 54 countries, 53 of which recognize Beijing, economic relations are even less important by country. On the other hand, China accounted for 16.4 percent…

Anti-sanctions law can be added to Basic Law: SJ – RTHK

Chin@Strategy

The Secretary for Justice Teresa Cheng said on Sunday that Beijing’s anti-sanctions law could be imposed on Hong Kong in the same way that the national security law was – by adding it annex three of the Basic Law. Cheng said this would be the “most natural and appropriate” method. The National People’s Congress Standing Committee (NPCSC) will reportedly discuss later this month whether the mainland law should be adopted by the SAR as well, after it was passed in June to allow tit-for-tat measures against foreign sanctions on Chinese…

Canadian Faces Spy Ruling as Huawei Decision Looms

Chin@Strategy

Advertisement   A Canadian entrepreneur who was charged with spying after his government arrested an executive of Chinese tech giant Huawei faces a possible verdict Wednesday as Beijing steps up pressure on Canada ahead of a court ruling on whether to hand over the executive to face U.S. criminal charges. Michael Spavor and another Canadian were detained in China in what critics labeled “hostage politics” after the executive’s 2018 arrest in connection with possible violations of trade sanctions on Iran. On Tuesday, a court rejected the appeal of a third…