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Cake day: January 29th, 2025

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  • The Financial Exclusion Tracker - a project maintained by some NGOs - lists 14 investment entities that had publicly blacklisted Tesla as per Sepember 2024, the database’s latest available data.

    The linked website contains information about the exclusions by 93 financial institutions in 17 countries, covering 5531 companies from 135 countries. There are 63,427 exclusions so far.

    The most common motivation for excluding companies is Climate (47%). This is followed by Weapons (14%) and Tobacco (13%). Other categories include Country policy (7%), Product-based exclusion (6%), Human rights (5%), Business practices (3%), Undisclosed motivation (3%), Environment (3%).

    The top countries in the exclusion tracker are the U.S. and China, counting for 21% and 15% of all exclusions, respectively.

    Very interesting data, you can also download the raw data for own analysis if interested.




  • This move was planned for some time, but will not change much as benefits for Africa remain limited as it mostly applies to unprocessed, low-value goods.

    This “unilateral opening” of China’s massive market seems like a significant opportunity for Africa. However, past tariff exemptions granted by China to several African countries and the nature of trade between them show that the actual benefits for these […] African nations may be limited […]

    […] This is not the first time China has implemented tariff-free policies for African countries […] Since 2005, the total exports of the 27 African countries that regularly benefited from China’s tariff-free policy [saw similar export growth than] the 27 African countries that did not benefit [from tariff-free policies]. This suggests that zero tariffs alone are not the key to increasing export value […]

    Also, most African LDCs [least developed countries] export raw materials like minerals and oil to China. This means that the zero-tariff policy mainly boosts unprocessed, low-value goods exports.

    The new tariff exemptions now announced cover all African LDCs and add 140 more products, such as rice, wheat, sugar, cotton, soybean oil, cigarettes, timber, wool, and paper - so, again, Africa will likely not benefit much from this “unilateral opening” by China.

    Practically all experts agree that African countries need to improve their manufacturing and processing capacities to export higher-value goods. Zero tariffs alone will not fix the trade imbalance between China and its African partners, they say. The linked article provides also a illuminating number: Just five major raw material exporters—Angola, the DRC, Zambia, Mauritania, and Guinea—accounted for 70% of Africa’s exports to China in 2023.

    [Edit typo.]





  • Many who can emigrate to Thailand, for example, at least until recently.

    The Chinese émigrés leaving the pressures of home for laid back Chiang Mai – [2024]

    … [It is a] burgeoning trend [among] Chinese people – particularly millennials – who feel that the country that was supposed to be the powerhouse of the 21st century has little to offer them personally in social, intellectual and spiritual terms. In recent years, an economic downturn and lingering trauma from the isolation of China’s draconian zero-Covid regime has pushed people who would otherwise be seen as the country’s success stories to emigrate […]

    “Thailand is certainly not as safe as the US, Europe or Japan,” [one emigrant] says, acutely aware of the fate of Gui Minhai, a Swedish bookseller who was kidnapped from Thailand in 2015, reappearing months later in Chinese custody, an incident which spooked dissidents in Thailand. “But it’s still basically a country with free speech. It basically protects human rights” […]

    Addition:

    Some also come to Europe.

    The Chinese migrants hoping for a new life in Germany – [February 2025]

    A small but growing number of Chinese people are fleeing home, with their sights set on Germany thanks to its reputation as a safe haven for refugees […]

    Ling [not his real name] started thinking about leaving China more than 20 years ago. But it wasn’t until the government’s harsh Covid-19 lockdown restrictions that he seriously considered taking action. During the pandemic he lost his job and saw his salary halve to 3,000 yuan (£326) a month as he picked up replacement work as a delivery driver. He grew increasingly uncomfortable with Feifei’s education, such as her being required to wear the red neckerchief of the Young Pioneers, the Chinese Communist party’s organisation for children aged six to 14. He was appalled when a teacher showed Feifei’s class videos portraying the US and western countries as “bullying China”.

    “Education should be about teaching children how to love people around them and society, rather than promoting hatred and distorting the minds of children from an early age,” he says, adding that he felt discriminated against as a Christian […]

    Wealthier Chinese are also abandoning their homeland for a new start in Europe. In February this year, Mou [not his real name] and his family landed in Frankfurt for a transfer to Serbia. In the transfer hall, Mou called an emergency family meeting. We’re not going to Serbia, he told his three children, and we’re not going back to China either. Mou, his wife, their children and Mou’s parents approached Frankfurt airport staff and said they wanted to claim asylum. The plane tickets for the family of seven had cost more than 45,500 yuan […]