Day: March 30, 2022
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New Research Reveals Sri Lanka’s Debts to China Are Much Higher Than Previously Reported
New data reveals Sri Lankan borrowers owe China's main policy banks significantly more money than had been previously reported, an important revelation as the embattled South Asian country lobbies its creditors for debt relief. Chinese loans to Sri Lanka totaled $7.4 ...
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Djibouti Suspends Debt Payments While Rwanda Gets (Just a Little) Relief From China
🇩🇯 DJIBOUTI: The government reportedly suspended debt repayments to two of its largest creditors, likely China and Kuwait, in response to a dramatic increase in the country's debt servicing costs in 2022, according to a new World Bank report. (SOUTH CHINA MORNING POST)
Pentagon: China to Expand Security Presence in Belt and Road Countries
The United States military is forecasting an expansion of China's security presence around the world, particularly in Belt and Road countries, to better protect its people and interests abroad. The Pentagon on Tuesday laid out its concerns about China's military and security ambitions in ...
EU’s Answer to China’s BRI Takes Shape in Africa
The European Union unveiled a $776 million infrastructure financing package for Africa on Tuesday as part of its Global Gateway initiative that is aimed at challenging China's growing influence in developing regions. European Commission President Ursula von der Leyen ...
New Data Reveals Apple is Steadily Shifting Its Supply Chain Out of China to Other Countries in Asia
China's once-dominant role in Apple's supply chain appears to be ending as the technology giant relocates more and more of its production to other countries in Asia, particularly Vietnam and India. Since 2019, according to data from Reuters, the total share ...
Tonga's King Tupou VI and China’s President Xi Jinping shake hands after a signing ceremony at the Great Hall of the People in Beijing on November 25, 2025. Photo by MAXIM SHEMETOV / POOL / AFP
By Ben Strang More than four years on from one of the most powerful volcanic eruptions in history, Tonga is struggling to improve its infrastructure as it pays off a massive Chinese loan. When Hunga Tonga-Hunga Ha'apai erupted on ...
China Moly Back in Control of the Massive TFM Mine in the DR Congo
In a surprising reversal, the office of Congolese Prime Minister Sama Lukonde issued a statement late Monday night that suspended all legal proceedings against mining giant China Molybdenum (China Moly) and paves the way for the company to regain control of the massive Tenke Fungurume (TFM) copper and ...
Chinese-backed Asia-Africa-European Undersea Cable Makes Landfall in Kenya
Kenya's ICT minister Joe Mucheru gleefully welcomed the arrival of the 15,000-kilometer PEACE (Pakistan & East Africa Connecting Europe) undersea cable when it came ashore in the port city of Mombasa on Tuesday. The $425 million ...
Huawei’s Mideast-Africa Cloud Summit Wraps Up in UAE With a Warning From South Africa: Fix Your Employment Issues or Else…
The head of South Africa's State Information Technology Agency, Luvuyo Keyise, made it clear on Tuesday that Huawei had better start hiring more local employees if it wants to continue doing business with the SA government. Earlier this year,
Blinken’s Visit to Algeria Highlights North Africa’s Heightened Geopolitical Importance
U.S. Secretary of State Antony Blinken (photo) will cross the border from Morocco to Algeria on Wednesday where he's to meet with President Abdelmadjid Tebboune. And the fact that this is the first visit by a U.S. Secretary of State ...
Russian, Iranian Foreign Ministers in China For Afghan Conference
Russian Foreign Minister Sergei Lavrov landed in the eastern Chinese city of Tunxi in Anhui province on Tuesday to take part in a foreign ministers' meeting for the seven countries that border Afghanistan. This is the first time ...
China Calls Out European Racism Against Non-White Refugees While at the Same Time Displaying a Bit of Chutzpah of Its Own
Chinese Foreign Ministry Spokesman Wang Wenbin criticized this week the blatant racism that's been on display in Eastern European countries that have warmly welcomed millions of white Ukrainian refugees crossing the border but have refused entry to predominantly non-white refugees from Global South countries.