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Day: November 30, 2020

Analysts: China to Cut Back Lending to Africa in the Post-COVID-19-Era

Chinese infrastructure lending to African countries is widely expected to slow over the next 1-2 years amid mounting debt sustainability concerns, according to analysts interviewed by the South China Morning Post. This would mark a dramatic change over the past twenty years when Beijing emerged ...

China’s Curtailment of Loans to Developing Countries Was Expected, Says Economist Michael Pettis

Michael Pettis is one of the world's foremost China economists. He shared a few insights this weekend on the current trend of reduced Chinese lending to developing countries. In a three-part thread published on Twitter, the Peking University professor said Beijing's ...

Conflict in Ethiopia Adds to Uncertainty Over the Stability of Chinese Investments in the Country

Veteran China journalist Mark K. Magsted's documentary podcast series "On China's Silk Road" featured an in-depth analysis in its latest episode, posted on Friday, about Chinese investments in Ethiopia and the new risks presented by the conflict in the Tigray region: ...

Fearing Africa Will be Left Behind, AU Opens Talks With Russia and China to Secure C19 Vaccine Supplies

The head of the Africa Centres for Disease Control and Prevention, John Nkengasong, said last week that his organization, together with the African Union, have started talks with both Chinese and Russian suppliers of COVID-19 vaccines to ensure the continent will receive sufficient supplies when they ...

Although Largely Out of the Headlines, China’s Mask Diplomacy in Africa Continues Apace

The Chinese electric vehicle company BYD donated 16 million masks to medical workers in Africa as part of the Africa CDC's public awareness campaign #AfricaMaskWeek that ends today.  Focus on China's PPE donations in Africa has dropped ...

Analysis from Cobus van Staden

Philippine Coastguard Removes Chinese South China Sea Barrier

The Philippine coastguard successfully removed a 300-meter floating barrier placed by the Chinese coastguard to bar access to the South China Sea’s Scarborough Shoal.
This follows an outcry in Manila during the weekend when images emerged of the barrier and Chinese coastguard patrols being used to keep Philippine fishing vessels out. 

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African Countries Have the Chance to Re-Envision Ties With China

New trade data for the January-October period this year confirms that China's economic rebound from earlier this year is going surprisingly well, all things considered. Exports are actually up, albeit slightly, by 0.6% compared to the same period last year and imports fell by 1.8% year-on-year.