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Day: December 9, 2020

The Plunge in Chinese Overseas Lending is a Big Deal. It’s a REALLY Big Deal.

Recent findings by Boston University's Global Development Policy Center that China's two largest policy banks, China Exim Bank and the China Development Bank, sharply curtailed their lending from $75 billion in 2016 to just $4 billion, was a stunning surprise. Long ...

New Database Provides Fresh Insights Into Chinese Lending Practices Around the World

Yesterday's Financial Times headline that "China's overseas lending collapses" dominated the news about Boston University's pioneering new database that tracks lending by two of China's largest policy banks, China Exim Bank and the China Development Bank.

Reaction to New Data That Reveals “Chinese Overseas Lending Collapse”

Findings from Boston University's new database on Chinese development finance patterns that revealed a "collapse" of overseas lending sparked a lot of conversation online yesterday from leading development economists in the U.S. and Europe. The general consensus among the experts was ...

Peking University Professor: Chinese Loan Losses in Asia and Africa Reinforce Painful Lessons Learned in Venezuela

The following is a transcript of a nine-part Twitter thread posted by the prominent China economist Michael Pettis, a professor at Peking University. As I have been writing since 2011, China’s development lending was always likely to follow the ...

China Strikes Financing Deal With Iraq, Providing New Clue to How Beijing Deals With Major Oil Supplying Countries

The Chinese government is reportedly coming to the rescue of the financially stressed Iraqi government with a $2 billion cash payment for a year's worth of oil at current market prices. The five-year agreement, as reported by Bloomberg, provides fresh insights into how China ...

Analysis from Cobus van Staden

Chinese Foreign Minister to Lead UN Security Council Meeting on Gaza

Wang Yi, China’s Minister of Foreign Affairs, will chair a UN Security Council (UNSC) meeting in New York on the ongoing crisis in Gaza.
China, the current UNSC president, called the meeting scheduled for November 29. It comes as the two sides are looking into extending the temporary ceasefire that started last week to allow for the return of further Israeli hostages and Palestinian detainees.

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Morocco to Use Chinese COVID-19 Vaccine as a Part of a Nationwide Vaccination Campaign

The Moroccan government announced that it plans to embark on a mass COVID-19 vaccination campaign that will initially use Chinese-made vaccines even before they've completed advanced trials. King Mohammed VI instructed the government to make the vaccine free, according to a ...

Chinese State Media Refutes Erroneous Taiwan Report About Vaccinated Chinese Workers in Uganda Contracting COVID-19

China's state-run Global Times newspaper took aim at an erroneous report published on the Taipei-based news website Taiwan News that 47 Chinese workers who contracted COVID-19 last week in Uganda had previously been vaccinated with a Chinese C19 vaccine.  ...

Who Exactly is the Chinese Embassy in Nigeria Trying to Reach With a Tweet Like This?

It's apparent that the social media managers in various Chinese embassies across Africa are still not entirely clear on how to best use Twitter to engage a large audience of local constituents. The Chinese embassy in Liberia posts Tweets in Chinese?!?!? ...

China House’s Africa-China Dialogue: From Exploring Discrimination to Building Dialogue

By Yajie Xu, Hongxiang Huang, Hailin Huang and Yifei Zhu Guangzhou, one of the commercial hubs in China, has attracted a large amount of Africans during the last few decades. "Chocolate City" was coined as another name for areas like Xiaobei ...