Day: June 18, 2020
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Why China’s Cutting Back on Overseas Lending
It's going to be much more difficult for countries in Africa and other developing regions to borrow money from China. New research from Boston University's Global Development Policy Center reveals a sharp drop in overseas lending by the ...
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Zambia’s Default Sparks Renewed Concerns Over High Levels of Chinese Debt in Some African Countries
Zambia's default over the weekend on a portion of its Eurobond debt prompted renewed concerns about the lack of transparency in Chinese lending and whether weak governance systems in a number of African countries are up to the challenge of managing the burgeoning financial crisis.
NGO: The UK, Not China is the Biggest Obstacle To Zambian Debt Relief
The next stage of the Zambian debt default crisis may play out in a London court. NGOs like Oxfam and the Jubilee Debt Campaign contend that because the vast majority of Eurobonds are covered by English law, ...
Candid Perspectives From One of China’s Leading Africa Scholars on Beijing’s Role in the African Debt Crisis
There has so far been a total blackout of any Chinese online discussion, media coverage, and comment from government officials on Zambia's recent debt default. Neither the embassy in Lusaka nor the Ministry of Foreign Affairs in Beijing has commented publicly on the issue. ...
Perceptions & Misperceptions About the African Diaspora in China
The Center for Strategic and International Studies in Washington, D.C. hosted a fascinating webinar this week that explored the complex social issues surrounding Black life in China. CSIS Africa Program Director Judd Devermont together with Georgetown University lecturer Travis Atkins hosted ...
Chile's outgoing President Gabriel Boric greets president-elect Jose Antonio Kast during an army-change-of-command ceremony, where the Commander in Chief of the Army, General Javier Iturriaga hands over the command to General Pedro Varela, in Santiago, Chile, March 9, 2026. REUTERS/Pablo Sanhueza
A political transition is underway in Chile this week. President-elect José Kast will be sworn in on Wednesday, and Chile’s long-standing commercial relationship with China will be put to the test. Just days before the inauguration, a dispute about a Chinese submarine cable project ...
Why Oh Why Did the Daily Nation Newspaper Report That a Plane Full of Chinese Evacuees Took Off From Nairobi When It Didn’t?
For some totally inexplicable reason the normally reliable Daily Nation newspaper in Kenya is sticking with the story that hundreds of Chinese nationals have been evacuated from Nairobi even when no such evacuation ever took place, there were no flights to China this week and repeated denials ...
The Chinese Approach to Debt Relief is Very Different Than That of Legacy Donors. A New Report Explains Why.
A trio of researchers at the China-Africa Research Initiative at Johns Hopkins University in Washington, D.C. has published a new working paper that provides some badly-need context about yesterday's announcement by Chinese President Xi Jinping to cancel a small segment of Beijing's loan ...
“Nothing New Here” Concludes Leading China Scholar About Xi Jinping’s African Debt Cancellation Offer
Mariana Rudyak, a prominent China scholar at the University of Heidelberg in Germany who specializes in Chinese foreign aid, provided a short assessment of President Xi Jinping's announcement that Beijing would cancel interest-free loans due before the end of the year.
Xi Jinping Bolsters China’s COVID-19 Diplomacy in Africa With Virtual Leaders Summit
Xi Jinping delivered the keynote address at a hastily arranged virtual African leaders summit on Wednesday where the Chinese president reaffirmed Beijing's commitment to provide financial and material support to combat the pandemic. There was very little new information contained in ...