Economy
China has announced its intention to "gradually resume" seafood imports from Japan, marking a resolution to a dispute that has spanned over a year. The conflict centered around the release of treated radioactive water from the Fukushima nuclear plant, which sparked concerns and a subsequent......
The popular e-tailers Shein and Temu, known for their incredibly low prices, may soon face a significant shift in their pricing strategy as the Biden administration takes aim at a trade law loophole that has benefited these Chinese-linked retailers. This move could result in a substantial increase in......
The city of Xiamen, China, recently hosted the 2024 BRICS Forum focused on partnerships for a new industrial era on September 10 and 11. Morocco was represented by Ryad Mezzour, the Minister of Industry and Commerce, who emphasized the significance of the event for showcasing Morocco's industrial......
The Chinese textile powerhouse, Sunrise Group, has announced a significant investment of 4.1 billion dirhams (approximately $422.2 million) in Morocco, a move poised to invigorate the nation’s textile sector. This ambitious project was discussed during a meeting between Morocco's Head of Government,......
The 2024 Forum on China-Africa Cooperation (FOCAC) in Beijing marked a significant milestone in Sino-African relations as China announced a bold $50.69 billion investment plan for Africa over the next three years. This ambitious initiative aims to accelerate the continent's modernization efforts......
Morocco is taking a leading role in advocating for stronger collaboration between China and Africa, viewing this partnership as a cornerstone for the continent's future development. This stance was prominently displayed at the recent Forum on China-Africa Cooperation (FOCAC) summit, where Morocco's......
Canada has announced a 100% tariff on imports of Chinese-made electric vehicles, aligning with the United States’ stance. The move follows concerns from Western governments regarding China’s subsidies, which they argue provide an unfair advantage to Chinese industries. This decision......
In a troubling development highlighting the economic challenges facing the world's second-largest economy, China's youth unemployment rate has surged to an unprecedented 17.1% in July, according to the latest data from the National Bureau of Statistics. This figure represents the highest level......
China's BTR Group has unveiled plans to construct a lithium-ion battery plant in Tangier Technology City, Morocco. This ambitious project, valued at $366 million, is slated for completion in approximately two years and marks a pivotal move in BTR's global expansion strategy. The facility aims......
In a significant industry move, South Korea's LG Energy Solution (LGES) is eyeing Morocco as a potential site for a new Electric Vehicle (EV) battery production facility. This strategic consideration comes as the company aims to strengthen its foothold in the European market amidst changing trade......
In a significant policy shift aimed at addressing its rapidly aging population and strained pension system, China has announced plans to gradually increase its statutory retirement age over the next five years. This decision, part of a series of resolutions adopted at the recent Third Plenum, a crucial......
Morocco's fertilizer exports to Brazil have experienced an unprecedented rise, catapulting the country to the position of the third largest supplier in June 2023. According to data from the Brazilian statistics agency, as reported by RIA Novosti, Morocco's exports surged by 2.3 times compared......
China is currently facing a growing scandal that has shaken the nation's food industry and sparked widespread public outrage. Allegations have emerged suggesting that fuel tankers, previously used to transport toxic chemicals, have been repurposed to carry cooking oil without proper decontamination.......
