Day: November 17, 2021
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Beijing and Taipei: The Latin American Geopolitical Connection
By Dr. Alvaro Mendez Some observers insist that the People’s Republic of China’s (PRC) presence in Latin America and the Caribbean (LAC) is not geopolitically motivated. I acknowledge that Chinese foreign policy may be driven currently mostly by economic, diplomatic, and ...
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WEEK IN REVIEW: Kenya’s Monetary System Struggling Under the Weight of Chinese Debt Servicing Obligations
The demands of servicing debts, largely to China, are weighing heavily on Kenya's monetary system. The shilling dropped again in Monday trading and the central bank reported that foreign exchange reserves have plunged by $899 million over the last three months. Analysts say beyond the hundreds of millions ...
Chinese Involvement in the “Congo Hold-Up” Corruption Scandal
19 media outlets together with five NGOs in the U.S. and Europe pored through 3.5 million leaked documents from a Gabonese bank to produce Congo Hold-Up, a landmark report that detailed breathtaking corruption in the DR Congo during ...
China Reaffirms Commitment to Redistribute Its Share of the IMF’s New Special Drawing Rights
China's top diplomat for sub-Saharan Africa, Wu Peng, tweeted on Tuesday that Beijing remains committed to redistributing its share of the International Monetary Fund's recent issuance of $650 billion in new so-called "Special Drawing Rights" (effectively the currency of ...
Blinken Arrives in Kenya, Kicks Off Week-Long Africa Tour
U.S. Secretary of State Antony Blinken arrived in the Kenyan capital on Tuesday to begin a three-nation, five-day Africa tour that will also take him to Nigeria and Senegal. While the worsening security situation in Ethiopia will top the ...
Indonesia’s plans to develop its rare earth resources face a geopolitical dilemma because the fastest way to process them relies on China’s dominant technology and supply chains, even as the United States and its allies are urging Jakarta to reduce dependence on Beijing. Photo by AFRIADI HIKMAL / NURPHOTO / NURPHOTO VIA AFP
Indonesia sits on a geological treasure trove of rare earth minerals, and the government is eager to tap into the wealth they could bring. While it knows how to find, mine, and sell the highly sought-after critical materials, it confronts a geopolitical dilemma: The only ...
China Reaffirms Commitment to Redistribute Its Share of the IMF’s New Special Drawing Rights
China's top diplomat for sub-Saharan Africa, Wu Peng, tweeted on Tuesday that Beijing remains committed to redistributing its share of the International Monetary Fund's recent issuance of $650 billion in new so-called "Special Drawing Rights" (effectively the currency of ...
Blinken Arrives in Kenya, Kicks Off Week-Long Africa Tour
U.S. Secretary of State Antony Blinken arrived in the Kenyan capital on Tuesday to begin a three-nation, five-day Africa tour that will also take him to Nigeria and Senegal. While the worsening security situation in Ethiopia will top the ...
Howard French on the Stark Differences Between U.S. and Chinese Diplomacy in Africa
Author and journalist Howard French is promoting his new book Born in Blackness: Africa, Africans, and the Making of the Modern World, 1471 to the Second World War. In a conversation this week with the Carnegie Council for Ethics in International Affairs he commented on ...
Beijing Feels Egypt’s Administrative Capital Will Prove China’s Winning the Global South Infrastructure Game
Chinese media appears to be increasingly concerned about the emergence of new competitors to the Belt and Road Initiative (BRI), particularly the U.S.-led Build Back Better World (B3W) initiative, which is now gaining momentum. U.S. officials say around 50 projects have ...
This Year’s FOCAC Should Focus on Development Projects That Are Both Economically and Environmentally Sustainable
Every day leading up to the Forum on China-Africa Cooperation conference on November 29th and 30th, CAP will feature perspectives from journalists, academics, activists, and business leaders about what they hope will emerge from the FOCAC event in Dakar. If you ...
FOCAC Isn’t the Only Regional China Conference Taking Place This Month
While a lot of attention is now focused on the final preparations ahead of this month's China-Africa ministerial conference in Senegal, another, equally important regional meeting kicked off in the southwestern Chinese city of Chongqing on Tuesday. The 14th China-Latin America ...
U.S. Conservatives Are Becoming Increasingly Concerned About China’s Engagement in Latin America and They’re Using the Same Rhetoric They Did About Africa
U.S. fears of China "taking over" countries and entrapping them in "debt traps" all while "corrupting political elites" should sound very familiar to African stakeholders who've heard for years identical concerns expressed about China's engagement in their region -- only this time, U.S. conservatives are focused on ...
Congolese Superstar Cédric Bakambu Announces Departure From the Chinese Super League, Widely Expected to Sign Soon With FC Barcelona
Congolese forward and Chinese Super League star Cédric Bakambu spoke publicly for the first time on Monday about his pending departure from Beijing Guoan where he spent the past four years and became the league's top scorer. Bakambu is a free agent ...
As the World Forgets About the Debt Crisis, More African Countries Struggle to Stay Afloat Amid Rising Servicing Costs
Last year at this time, expectations ran high that Africa's largest creditors in Beijing, and among the Paris Club members were all motivated to restructure their outstanding loans to reduce the burden on some of the world's poorest countries. Well, it ...
Why Pragmatism, Not Ideology Drives Chinese Economic Engagement in Africa
In these contentious times, China is often accused of exporting its statist economic model to Africa and other developing regions as part of a broader ideological agenda to create a new Sinocentric international order. But Tsinghua University Professor Tang Xiaoyang argues