South Africa

India Blocks China-Backed World Trade Organization Investment Deals

India and South Africa on Wednesday blocked the passage of a major investment agreement at the World Trade Organization (WTO) conference in Abu Dhabi, potentially scuttling hundreds of billions of dollars in investments — many of them slated for developing countries of the “Global South,” which India frequently claims to champion.

Chinese President Xi Jinping is seen during the Asia-Pacific Economic Cooperation (APEC) L