Day: April 28, 2021
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The Pressure is on the G20 to do Something… Anything… About Debt Relief at This Weekend’s Summit in Rome
Debt relief for the world's poorest countries will once again be a topic of discussion at yet another high-profile G20 gathering this weekend in Rome. Yet, there's good reason to doubt that little more will come out of this meeting than any of the ...
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CARI Researchers Critique AidData’s Report on Chinese “Hidden Debt” in BRI Countries
AidData's landmark research report published last month, "Banking on the Belt and Road," generated tremendous media coverage around the world, particularly related to the report's finding that $385 billion in so-called "hidden debts" are owed to China. ...
With New Chinese Money Hard to Come By, Kenya’s Treasury Turns to the Bond Market to Finance Infrastructure
The Kenyan government is making preparations to float its largest-ever bond offering, a record $1.3 billion (Sh150 billion) issuance. It will be used to settle debts with contractors, possibly including some Chinese companies, and to fund road projects that are currently in development.
Chinese State Media: Blame the U.S. For the Coup in Sudan
Although the Chinese Foreign Ministry has been largely silent this week about the military coup in Sudan, the country's largest television broadcaster, CCTV (央视新闻), appears to be framing the story in a way that lays the blame for the collapse of the civilian government squarely at the ...
Two Chinese Experts Call for Beijing to Do More to Provide Non-Vaccine Assistance to Combat COVID in Africa
Simply shipping more jabs to Africa will not be enough to fulfill Chinese President Xi Jinping's commitment to make COVID vaccines a "global public good," argued two experts in a column published this week on the site "China and International Development."
Source: Wikistrat Expert Analysis | How the War in Iran is Shaping China’s Strategic Calculus
There's been a lot of speculation in U.S. and European policy analysis circles over what lessons China is taking away from the U.S.-Israeli war against Iran. The debate largely divides along two broad categories. On one side, popular in Washington, D.C., contends that the massive ...
Blinken Warns of Chinese Debt Traps and Imported Labor in Q&A With African Youth
United States Secretary of State Antony Blinken resuscitated widely debunked theories about debt traps and imported labor to warn African countries about the dangers of working too closely with Beijing. His comments on Tuesday provide the most detailed ...
Maybe Antony Blinken Thinks China Uses Debt Traps in Africa After Reading Yesterday’s Wall Street Journal
It's not surprising that a lot of people, including the U.S. Secretary of State, remain mistaken in their belief that the Chinese seize physical assets in the event of a loan default, given that it continues to appear in news reports -- including ...
Debunking the Chinese Unskilled Labor Myth in Africa
Antony Blinken is just the latest U.S. Secretary of State to accuse China of bringing over large numbers of unskilled workers to build infrastructure in Africa, presumably at the expense of local labor. Every Secretary of State over the last decade ...
Antony Blinken Revealed He Doesn’t Really Know Much About What China’s Doing in Africa
U.S. Secretary of State Antony Blinken revealed yesterday that when it comes to understanding the dynamics of China's engagement in Africa, he really doesn't know very much. When a young person floated him a softball question about how the U.S. plans ...
Transcript of U.S. Secretary of State Antony Blinken’s Q&A Exchange About Chinese Engagement in Africa
WAZAM OBANOR: Considering the growth of the Chinese in Africa, will the U.S. be competing with China in Africa -- especially as it pertains to Africa's growth over the next few years? U.S. SECRETARY OF STATE ANTONY BLINKEN: Thank you Wazam, ...