|
China–Lesotho Relations
The People's Republic of China and Lesotho maintain historical, political, economic, trade, aid, healthcare and migration connections. There is little information on the early connection between China and Lesotho, however it began in 1778 through trade. Modern relations include imports and exports, the Belt and Road Initiative and financial assistance through the COVID-19 pandemic. The cultural connection with migration also plays a role in their current relations. Historical Relations The China-Lesotho Cooperation is a prominent bilateral relationship, dating back to the rule of Prime Minister Leabua Jonathan. The People's Republic of China (PRC) was involved in funding the Basutoland Congress Party (BCP) from 1964. In 1983, Prime Minister Jonathan visited the PRC, resulting in Lesotho recognising Beijing. This led to economic and technical cooperation along with cultural exchange agreements between Lesotho and China. Lesotho maintained ties with Beijing, excluding the 1990 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Republic Of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land, the List of countries and territories by land borders, most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third List of countries and dependencies by area, largest country by total land area. The country consists of 22 provinces of China, provinces, five autonomous regions of China, autonomous regions, four direct-administered municipalities of China, municipalities, and two special administrative regions of China, Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the List of cities in China by population, most populous ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forum On China–Africa Cooperation
The Forum on China–Africa Cooperation (FOCAC) ; french: Forum sur la coopération sino-africaine) is an official forum between the People's Republic of China and all states in Africa with the exception of the Kingdom of Eswatini. It is the primary multi-lateral coordination mechanism between African countries and China and since 2018 is viewed by those countries as a cooperation platform within the Belt and Road Initiative. Membership and structure FOCAC is the primary multi-lateral coordination mechanism between African countries and China. Along with the China-Arab States Cooperation Forum (CASCF), FOCAC was one of the first regional organizations established by China outside its territorial periphery. Since 2018, China and the African states explicitly view FOCAC as a part of China's Belt and Road Initiative. As of 2022, the members of FOCAC are 53 African countries (all except Eswatini), China, and the African Union Commission. A number of North African states are dual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Relief
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves. In World War I the United States Treasury made large loans to the allies that were postponed, reduced and finally paid off in 1953. In the late 20th century, it came to refer primarily to Third World debt, which started exploding with the Latin American debt crisis (Mexico 1983, etc.). In the early 21st century, it is of increased applicability to individuals in developed countries, due to credit bubbles and housing bubbles. International debt relief First World War reparations War debt payments by World War I Allies to the U.S. had been suspended in 1931—only Finland paid in full—and American public opinion demanded repayments resume as a condition of U.S. postwar aid. Germany ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sub-Saharan Africa
Sub-Saharan Africa is, geographically, the area and regions of the continent of Africa that lies south of the Sahara. These include West Africa, East Africa, Central Africa, and Southern Africa. Geopolitically, in addition to the African countries and territories that are situated fully in that specified region, the term may also include polities that only have part of their territory located in that region, per the definition of the United Nations (UN). This is considered a non-standardized geographical region with the number of countries included varying from 46 to 48 depending on the organization describing the region (e.g. UN, WHO, World Bank, etc.). The African Union uses a different regional breakdown, recognizing all 55 member states on the continent - grouping them into 5 distinct and standard regions. The term serves as a grouping counterpart to North Africa, which is instead grouped with the definition of MENA (i.e. Middle East–North Africa) as it is part o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heavy Industry
Heavy industry is an industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities (such as heavy equipment, large machine tools, huge buildings and large-scale infrastructure); or complex or numerous processes. Because of those factors, heavy industry involves higher capital intensity than light industry does, and it is also often more heavily cyclical in investment and employment. Though important to economic development and industrialization of economies, heavy industry can also have significant negative side effects: both local communities and workers frequently encounter health risks, heavy industries tend to produce byproducts that both pollute the air and water, and the industrial supply chain is often involved in other environmental justice issues from mining and transportation. Because of their intensity, heavy industries are also significant contributors to greenhouse gas emissions that cause ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Import
An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions. History Definition Imports consist of transactions in goods and services to a resident of a jurisdiction (such as a nation) from non-residents. The exact definition of imports in national accounts includes and excludes specific "borderline" cases. Importation is the action of buying or acquiring products or services from another country or another market other than own. Imports are important for the economy because they allow a country to supply nonexistent, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Balance Of Trade
The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are bad in and of themselves is overwhelmingly rejected by trade experts and economists. Explanation The balance of trade forms part of the current account, which includes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maseru
Maseru is the capital and largest city of Lesotho. It is also the capital of the Maseru District. Located on the Caledon River, Maseru lies directly on the Lesotho–South Africa border. Maseru had a population of 330,760 in the 2016 census. The city was established as a police camp and assigned as the capital after the country became a British protectorate in 1869. When the country achieved independence in 1966, Maseru retained its status as capital. The name of the city is a Sesotho word meaning "red sandstones". History Maseru was founded by the British as a small police camp in 1869, following the conclusion of the Free State–Basotho Wars when Basutoland became a British protectorate. Maseru is located at the edge of the "conquered territories" relinquished to the Orange Free State (now the Free State province of South Africa) as part of the peace terms. It was located west of Basotho King Moshoeshoe I's stronghold of Thaba Bosiu, the previous ''de facto'' capit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sotho People
The Sotho () people, also known as the Basuto or Basotho (), are a Bantu nation native to southern Africa. They split into different ethnic groups over time, due to regional conflicts and colonialism, which resulted in the modern Basotho, who have inhabited the region of Lesotho, South Africa since around the fifth century CE. The modern Basotho identity emerged from the accomplished diplomacy of Moshoeshoe I, who unified the disparate clans of Sotho–Tswana origin that had dispersed across southern Africa in the early 19th century. Most Basotho today live in Lesotho or South Africa, as the area of the Orange Free State was originally part of Moshoeshoe's nation (now Lesotho). History Early history Bantu-speaking peoples had settled in what is now South Africa by about 500 CE. Separation from the Tswana is assumed to have taken place by the 14th century. The first historical references to the Basotho date to the 19th century. By that time, a series of Basotho kingdoms co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be separated from Asia by the watershed of the Ural Mountains, the Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and Europe ... is formed by the Ural Mountains, Ural River, Caspian Sea, Caucasus Mountains, and the Blac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.svg "Click for more on -> Europe")