The SACP fully appreciates and accepts the decision by the South African government not to grant a visa for the Dali Lama visit at this time. We stand by our government on this matter. It is a well known fact that the month of March is a particularly sensitive period as it is associated with the Dalai Lama's putsch for cession of Tibet from China.
Tagged under Global South & Transnational StrugglesChina will import 1.8 million barrels of African crude in April for the government's strategic reserve, said a trade source familiar with the transaction, as it capitalises on low prices to add to already swollen state stockpiles. The purchase, news of which comes after an industry official said in early March that China's emergency tanks are already filled to the brim, may suggest that stock levels have begun to ease after two months of low crude imports.
Tagged under Global South & Transnational StrugglesAt the time when financial storm hit the entire world economy, China came to emerge in the global spotlight viewed as the Salvager to rescue the deepening downward spiral from meltdown, as it boasts bulky foreign exchange reserves and the steadily growing economy, decelerating right now, though.
Tagged under Global South & Transnational StrugglesChina’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund. In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.
Tagged under Global South & Transnational StrugglesThe west's leading economic thinktank expects "very negative" growth this year, its head has warned. However, Angel Gurría, secretary-general of the Organisation for Economic Cooperation and Development, said in Beijing that China's gross domestic product would expand by 6-7% – below last November's forecast of 8%. The World Bank cut its growth forecast for China to 6.5% this week.
Tagged under Global South & Transnational StrugglesA delegation of the China Council for Promotion of International Trade (CCPIT) arrived in Abidjan, the capital of Cote d'Ivoire, on Saturday for a three-day visit to follow up a blueprint set in 2006 between China and West African countries. The Chinese delegation headed by CCPIT Vice-Chairman Zhang Wei has been on a mission since March 14 to boost cooperation with the Economic Community of West African States (ECOWAS), according to a communiqué released by the regional bloc.
Tagged under Global South & Transnational StrugglesPresident Isaias Afwerki has received and held talks at the Denden Hall with a delegation from the People's Republic of China (PRC) headed by Mr. Lu Quingcheng, Vice President of the China-Africa Development Fund. Briefing the delegation on the available wide-ranging investment opportunities in Eritrea in various sectors, the President pointed out that the Government has been giving top priority to the task of laying conducive ground for investment, and that encouraging accomplishments have been registered as regards putting in place the necessary infrastructure.
Tagged under Global South & Transnational Struggles EritreaChinese Assistant Foreign Minister Zhai Jun arrived in the Democratic Republic of Congo (DR Congo) for a two-day visit during which he unveiled humanitarian aid to refugees in the central African country. Zhai and his Congolese counterpart Ignace Gata Mavita held talks before signing economic and trade agreements between the two countries, including 4 million RMB (about 600,000 U.S. dollars) in humanitarian aid to the refugees in the eastern part of the country.
Tagged under Global South & Transnational StrugglesMore opportunities for Chinese investment into Africa are to open up soon, with the announcement that China is to bolster its China-Africa Development Fund by an additional US$2-billion. The state-run equity fund has already invested in 20 projects, totalling a massive $400-million, in Africa since it was established in June 2007.
Tagged under Global South & Transnational StrugglesChina's top legislator Wu Bangguo on Monday pledged to work with Seychelles to push forward relations between the two countries and their parliaments. Wu, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, made the remarks when meeting with Seychelles National Assembly Speaker Patrick Herminie.
Tagged under Global South & Transnational Struggles SeychellesChinese and Guinean workers toil shoulder to shoulder on a sun-blasted construction site at this crumbling city's edge, building the latest symbol of an old and sturdy alliance: a $50 million, 50,000-seat stadium. This city is littered with such tokens of a friendship that first flowered when Guinea was an isolated and struggling socialist state in the late 1950s.
Tagged under Global South & Transnational StrugglesChinese Premier Wen Jiabao Tuesday urged tougher prevention and punishment on corruption, saying "China faced the toughest year in its economic development since the turn of the century." Localities and departments should step up supervision over corruption, regulate the use of executive power, tackle persistent problems that harm public interest and accelerate construction of a system to prevent and punish corruption to provide a solid guarantee for reform, development and stability, Wen told a conference on clean governance.
Tagged under Global South & Transnational StrugglesChina’s so-called investments in Namibia bring very little, if any, skill and technology transfers, neither do such investments play a significant role in developing the country’s value addition and manufacturing base. This is according to a new report on Chinese Investments in Namibia. The report lays bare the murky Chinese investments and more importantly Government’s ineptitude to set strategic priorities on which to negotiate foreign direct investment
Tagged under Global South & Transnational StrugglesFour Chinese nationals have been caught red-handed while over-harvesting limpets worth N$21 680 in Walvis Bay around the Mola Mola and NamPort areas. According to the Ministry of Fisheries and Marine Resources, Control Fisheries, Michael Koopman, the Chinese nationals tried to run away, but the fisheries inspectors eventually caught up with them and brought them in for questioning.
Tagged under Global South & Transnational StrugglesA Mozambican and South African consortium, Petroline Holdings, plans to start building a $620-million oil pipeline linking Johannesburg to the port of Maputo before the end of this year. Mateus Kathupa, CEO of state-run Mozambican company PETROMOC, which holds a 40% stake in the consortium, said on Thursday the construction of the petrol and diesel pipeline would take six months.
Tagged under Global South & Transnational Struggles MozambiqueBeninese President Boni Yayi met with Chinese Assistant Foreign Minister Zhai Jun here Wednesday. Yayi said Benin and China have a deep-rooted friendship and the Beninese government and people thank China for its long-term aid. He said the Beninese government will continue to adhere to the one-China policy. Benin hopes to establish and develop a comprehensive partnership of cooperation with China, enlarge collaboration in the fields of infrastructure and social development, and enhance bilateral relations, Yayi said.
Tagged under Global South & Transnational Struggles BeninThe Convention on the Rights of the Child (CRC) and its near global ratification have been seen as true accomplishments in this sense. Yet, despite this recognition and success, the range and severity of problems faced by children at the start of the twenty-first century are persisting, if not increasing. The year 2009 marks the 20 th anniversary of the Convention. The occasion provides a timely opportunity to assess the value of the CRC in engaging with dilemmas on the ground, in devising multi-faceted approaches other than a purely legal or technical response, and in evolving to meet new challenges that emerge from its practical implementation.
Tagged under Global South & Transnational StrugglesFollowing the South African brokerage of a power-sharing deal between Zimbabwe’s Movement for Democratic Change (MDC) and Zanu (PF) Patrick Bond explores whether, in the face of myriad threats to the country’s democracy, the wishes of the Zimbabwean people – as expressed in the People’s Charter adopted at a convention in February – could prevail. As South Africa and the African Development Bank join the Bretton Woods Institutions in calls for Tsvangirai to repay Mugabe’s odious debts, and South African firms hover in the wings to buy up the country’s assets for a song, what is at stake says Bond, is who will win the new economic chimurenga (liberation war) being waged in Zimbabwe. This article was presented at seminars in February, prior to the introduction of the Short-Term Emergency Recovery Programme and revised 2009 Budget.
Tagged under Global South & Transnational Struggles ZimbabweThe recent decision by the South African government to deny the Dalai Lama a visa to attend a peace conference organised as has provoked acute public outrage in South Africa. Caught in the eye of the storm of international and domestic public opinion, the South African presidency blighted itself by arguing that ‘The South African government does not have a problem with the Dalai Lama….But at this time the whole world will be focused on the country as hosts of the 2010 World Cup. We want the focus to remain on South Africa… A visit now by the Dalai Lama would
Tagged under Global South & Transnational StrugglesAfrican leaders put their case as finance ministers from the world’s 20 richest countries met in London, ahead of next month’s G20 summit on the global economic downturn. British premier Gordon Brown took the opportunity to promote himself as Africa’s friend within the G20. But in a first-ever joint communique on the eve of the meeting, Brazil China Russia and India called for reform of the global financial institutions to give a greater voice to emerging economies and provide better regulation of the financial system in future.
Tagged under Global South & Transnational Struggles
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