Global infrastructure is having more development opportunities as development of regional economic integration highlights the importance of regional and inter-regional interconnection infrastructure.
In 2013, the FDI to Africa is 3.37billion USD, with an increase rate of 33.9%. By the end of 2013, there are nearly 3000 Chinese overseas enterprises in 45 countries of total 52 countries in Africa, making Africa the second largest destination of Chinese enterprises after Asia. It has been the fifth consecutive year that China has become Africa’s largest trading partner. Earlier this month, the president of South Africa together with a number of ministers visited China and highlighted the economic cooperation between Africa and China. Apart from emphasis on infrastructure construction, opportunities in clean energy are also mentioned. Cooperation in clean energy development with developing countries are consistent with China’s commitment to South-South cooperation on climate change and can also enable Chinese enterprises and financial institutions to benefit from the financing of climate actions.
As a Chinese NGO dedicated to environmental protection, Greenovation Hub has conducted this in-depth study of China’s mining industry in order to contribute to the on-going discussions regarding China’s progress in developing environmental and social standards for investment and finance. Backed by case studies from China, Peru, Laos and Cambodia, the report examines the development of China’s domestic and international mining industries, the impacts of this development and its environmental regulation.
Between June 2012 and December 2013, Greenovation Hub conducted an in-depth study of China’s mining industry. Backed by case studies from China, Peru, Laos and Cambodia, the report examines the development of China’s domestic and international mining industries, the impacts of this development and its environmental regulation. As a Chinese NGO dedicated to environmental protection, Greenovation Hub has conducted this research in order to contribute to the on-going discussions regarding China’s progress in developing environmental and social standards for investment and finance.
China’s investment in Latin America has continued to grow in recent years. China has become the Latin America’s third biggest source of foreign investment. According to the latest statistics from China’s Ministry of Commerce, in 2013, Latin America was the second largest recipient of China’s foreign direct investment after Asia. In 2013 the investment increased over 130% on the amount in 2012.
15th July 2014, Fortaleza Brazil, the BRICS leaders have agreed to set up a new development bank (NDB). It not only gives the emerging countries a forum to express their views on development, but also provides a necessary supplement to the current global financial system. The NDB will mainly support the infrastructure projects in emerging economies and developing countries. The world will closely follow the development of the NDB, to see how it is structured, and improve its management and multi-lateral participation and how it will promote sustainable development and climate-friendly investment. The creation of the NDB also provides opportunities for the BRICS countries to engage in global governance.