Day: March 22, 2022
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Chinese COVID Variant Shows Up in India, Raising Fears of Asia-Wide Wave
The COVID-19 mutation currently roiling China’s healthcare service could be showing up in India. Indian health authorities have increased the genome sequencing of new cases amid reports of four cases of the Omicron BF7 subvariant currently dominant in China, showing up in the Indian states of Gujarat and ...
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COVID Wave Drives Chinese Consumers to Indian Generics
As the BF7 Omicron variant pushes China’s public health care system to its limits, the country is running out of antiviral medications like Pfizer’s Paxlovid. These shortages seem to be driving people to the black market, with consumers competing to order generic ...
Can Zimbabwe Emulate Indonesia’s Tough Approach to Chinese Miners?
The Chinese mining company Zhejiang Huayou Cobalt is chafing under pressure from the Zimbabwean government to convert its lithium mining operation in the country into a plant producing battery-grade lithium within five years. The company at present, only has plans to build a ...
How Africa-China Studies Exploded Since 2012
The SSRC report is its first mapping of the Africa-China field since 2012 and shows the field’s rapid expansion. Ten years ago, it found three key subfields in Africa-China studies: trade and aid; the role of multilateral institutions, and migration. By ...
The Sprawling World of Asia-China Studies
SSRC’s mapping of research on the relationship between China and Southeast, Central, South and Western Asia shows both how vast these fields are and how they differ significantly both in terms of research focus and method. More than in Africa and ...
File image of a worker cleaning solar panels installed on the roof of the traditional Gedhe market in Klaten, Central Java. China’s $180 billion clean tech push is reshaping the Global South, with Indonesia a key test of who controls new green industries. (Photo: DEVI RAHMAN / AFP)
By Cobus van Staden, CGSP Head of Research Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
Kenya’s Struggles to Repay China Exim Bank Loan Hint at Wider Troubles
Kenya is struggling to make payments on a $156.7 million Chinese Exim Bank loan that financed Nairobi’s Southern Bypass road. The country’s auditor general, Nancy Gathungu says Kenya now owes the Chinese state bank $31.3 million in delayed payments for the period up to 2021. Kenya’s ...
More than a Quarter of All Debt Servicing Payments by Poor Countries will Go to China this Year
The world’s poorest countries will pay about $52.8 billion in debt servicing costs this year, of which 26% ($13.7 billion) will go to Chinese lenders, according to a new report released on Monday by the Green Finance and Development Center at Fudan University in Shanghai. ...
Nigeria’s Debt is Growing, but China’s Share is Shrinking: Debt Management Office
Nigeria’s total public debt stood at $94.7 billion in 2021, up from $78.9 billion the previous year. Patience Oniha, the head of the country’s Debt Management Office (DMO) briefed journalists last Thursday in Abuja. Compared to other African finance ministries, Nigeria’s DMO has championed transparency, and these briefings ...
Why Building Public Assets is Key for Debt Sustainability and Economic Growth
By Yan Wang and Yinyin Xu Public assets are a vast unknown and untapped resource. Consisting of real estate and operational assets, public assets include a country’s state-owned land, transport, and utilities, as well as its liquid financial assets and state-owned ...
Chinese Infrastructure Loans to Africa Are Not Aid – But What Are They?
As concern grows as to how countries like Kenya will repay their loans to China, navigating misinformation about Chinese lending remains challenging. Johns Hopkins University Professor Deborah Brautigam, one of the world’s leading experts on Chinese lending to Africa, unpacked the issue in a public lecture on ...
Foreign Ministry Briefing Sums Up China’s Emerging Position on Ukraine, Africa
China's Foreign Minister Wang Yi's flurry of meetings with African stakeholders over the weekend was the top item of discussion at Monday's regular Foreign Ministry press briefing in Beijing. While most of the briefing with spokesperson Wang Wenbin ...
Right Now There Are Two Chinese Special Envoys on the Move in Africa
Two Chinese Special Envoys are currently touring Africa. Zhai Jun, China's Special Envoy to the Middle East arrived in Sudan late Monday night, his second visit there in a month. Zhai is currently on a week-long tour of Middle East and North African countries ...
“Good Things” From Africa Featured at Hangzhou Trade Fair
Products from 17 African countries are being featured at a trade show in Hangzhou, Zhejiang Province in a bid to introduce the continent's specialties like wine, coffee, and tea, to Chinese consumers. The African Goods brand pavilion opened at Zhejiang ...