Day: July 26, 2021

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“For the Umpteenth Time,” Chinese Mining Company in Zimbabwe Angrily Rejects Environmentalist Charges That It’s Operating in a Protected Area

The Zimbabwe-based Chinese-owned mining company Afrochinese Smelting rejected accusations that it is illegally operating in the Mavuradonha Wilderness Area in northern Zimbabwe. In a statement released on Sunday, the company claimed that it's the victim of a "coordinated media campaign" that it says is "smearing" the company's ...

No, U.S. Taxpayers Will Not Be Funding China’s “Vaccine Profiteering,” Says COVAX Boss

The head of the COVAX, Seth Berkley, sought to reassure Americans that their $4 billion donation to the global vaccine alliance will not be used to subsidize the purchase of Chinese-made COVID vaccines, according to a letter to the editor he sent ...

New Hungary Study Sparks Fresh Concerns About the Effectiveness of Chinese-Made Vaccines

A new study reveals some potentially troubling information about the effectiveness of the Sinopharm vaccine among elderly people. A survey of blood samples taken from 450 people in Hungary at least two weeks after their second Sinopharm dose ...

China’s Ambassador to Nigeria Sends Reassuring Signals on Infrastructure Loans

China's ambassador to Nigeria, Cui Jianchun (photo), spoke to the media last week to address the mounting concerns about China's commitment to continue providing loans for Nigerian infrastructure development. "The Chinese side can work with Nigeria for the railway because now, ...

Four Months Later, Chinese Scholars Respond to Critical Lending Report

It took a while but Chinese scholars have finally responded to a groundbreaking report published on March 31st by a group of four U.S. and European think tanks that details the contents of Chinese loan contracts. Huang Meibo and Niu Dongfang, ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

Zambia’s Amazing Come From Behind Draw Against China at the Olympics

If you didn't catch last week's Zambia-China women's soccer face-off at the Olympics in Tokyo then you missed what will no doubt go down as one of the greatest matches of the games. Going into the match, China was expected to ...

The Congolese Army Arrests Two Chinese and Two of Its Own Soldiers For the Brutal Beating of Mining Workers

The Armed Forces of the DR Congo (FARDC) took swift action this weekend against two of its own soldiers and a pair of Chinese nationals for their involvement in the recent violent beating of local artisanal miners. The incident took place ...