Tag Archives: China

Understanding the high risk burden to the economy posed by the current debt level COMMENT | Ezra Munyabonera | Due to high borrowing costs—especially domestically—Uganda’s debt burden may reach unsustainable levels in the medium term, unless government slows down on accumulation of new debt. Since the start of implementing infrastructure …

CHINA: Minister of Finance Kasaija’s secret letter to Museveni Kampala, Uganda | THE INDEPENDENT TEAM | When, on October 18, 2018, Uganda signed an agreement with China for a US$212.6 million loan (Approx. Shs78 billion) for rural electrification, the issue of Uganda’s increasing debt and the unfair terms of some …

Washington, United States | AFP | In a move that could harden Washington’s posture toward Beijing for years, the US intelligence community has characterized relations with China as a global ideological showdown that will not be doused by trade deals or commercial theft crackdowns. US spy chiefs abruptly shifted their view …

Beijing, China | AFP | Huawei founder Ren Zhengfei survived food shortages during China’s Cultural Revolution, but now the reclusive billionaire identified as “Individual-1” in a US indictment faces an existential fight for his family and company. Ren, 74, founded Huawei in 1987 with just 21,000 yuan ($5,600) and watched …

Washington, United States | AFP | The United States hopes to make “significant progress” during high-stakes trade talks with Chinese officials this week, US Treasury Secretary Steven Mnuchin said Tuesday. Beijing and Washington have a month remaining in a 90-day truce declared in December before US tariffs on hundreds of billions in Chinese exports are …

Paris, France | AFP | World powers are vying to develop so-called “hypersonic” weapons that travel several times the speed of sound, with France the latest to join a field led so far by Russia and China. Hypersonics are like missiles that travel at over five times the speed of …

Beijing, China | AFP | Cracks are opening in China’s mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs. The world’s second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and flagging further in recent months. …

Kampala, Uganda | THE INDEPENDENT | A company in Shandong province, China, has come under fire for forcing six of its employees to crawl through the streets on their hands and feet as punishment for not meeting sales targets. The humiliating procession reportedly took place in the city of Zaozhuang on …

Beijing, China | AFP | The second woman carrying a gene-edited foetus in China is now 12 to 14 weeks into her pregnancy, according to a US physician in close contact with the researcher who claimed to have created the world’s first genetically-modified babies last year. Chinese scientist He Jiankui …

What Chinese, French domination of Uganda’s oil and gas supplier database means for Ugandan entrepreneurs Kampala, Uganda | RONALD MUSOKE | As pressure to develop key upstream infrastructure picks up with billions of dollars expected to pour into the Ugandan economy starting this year, focus is now turning onto who …